Member Info for Tex2374

“Verythick” if you are really worried about this, there is a simple fix, just sell your shares now :-) unless you are holding a few million then the price difference is minimal.

Tex

The other great thing about this share..... I really don’t think it’s really on the radar yet!

And there’s no p&d crew , and it’s a civilised BB.

What more could you ask for on a Friday :-)

(I will stop spamming the BB now)
Tex

I expect we will see a lot of profit taking around 3.9-4 as this is double money time for a lot of recent investors in the share.

Steady rise. Fantastic volume. Good liquidity.

Looks like we are challenging 4p.

Happy days.

It’s always good to have a reasonable level of liquidity in the share, means you don’t get crazy spikes and have nice steady rises.

Some level of selling is good. Especially when you have willing buyers waiting.

This will continue to rise steadily today.

There are plenty of buyers ready to jump in on the dips as people take profit.

Hopefully another 10%+ today.

I have been in and out this share several times. Currently I am out of it.

For me, this sudden drop is too big and too close to the next set of results and update.

If we start to see a recovery today maybe I will dip back in, otherwise I will probably stay out of it at the moment in case the Tuesday outlook is not as rosey as expected and still showing a material YoY decline in revenue.

Just my opinion.

Clearly someone knows something. When is the next update, Monday?

Could see further declines tomorrow.

GGP - looks like a pump and dump in full effect. Over 1000 posts. Nice spike forming. Could be a. Interesting open tomorrow.

Interesting choice.....

LOL. IBAB why are you diversifying into gold??

Need to catch up on the conversations today on the way home.

Agreed FFC.

He had a high risk plan and failed to deliver. We are now seeing the consequences of that.

Seeing a great stable rise today. No massive spike and sustained buying into the dips as people take profit on the way up.

30m volume isn’t massive either so things are looking good for a continued increase. I would expect to see some large after hours buys.

I do have a feeling more news is coming soon.

2m already traded.

Too risky to go it alone. Get a major in. There is more than enough upside for people to still make some good money.

Agreed! It’s just a matter of time.

What was the #1 goal of the company ? Get the mine to production, I would suggest. So in his eyes he probably sees himself as ensuring that will happen.

He did a very good sales job to get it this far, at the expense of PIs. Again, with hindsight, it was always going to be a very long shot that he would be able to go it alone and unfortunately the market clearly does not value the asset in its current form.

He knew the writing was on the wall for PIs when he started his public rants last year.

I would be interested to hear what the current employees think of the situation.

Bring on the vote!

Well that article highlights the market perception and underlines why funding failed. No conspiracy here, just underplayed risk by Sxx to shareholders. I would be surprised if there weren’t other interested parties talking Sxx over the years. It’s easy to say with hindsight, but this project was crying out for a major to come on board all along.

From my perspective, the real question here is why did CF think he could go it alone and raise the necessary funds to secure the project? Extremely high risk strategy which failed and now (due to lack of other offers) has resulted in a 5.5p bid being recommended.

++++++++++++++++

“ Yet initially the move rattled investors, sending Anglo’s shares down more than 2 per cent in early trading yesterday. Analysts at Jefferies described the possible deal as “a small net negative due to project risk, funding requirements and questions about demand for the product”.

Also ......

“ For Sirius, the questions Anglo faced are all too familiar and contributed to its failure to secure the $3.8 billion funding plan it had been seeking until September, forcing it to lay off workers and launch the strategic review that opened the door to Anglo.”

FFC it’s not over till ‘a deal’ is done. Till that point we can only speculate and openly debate :-)

Given the debate going on around the voting it may be worth getting sharesoc to confirm? I assume they have some expertise to provide a definitive answer and clarification.