Member Info for TonyFawcett

RNS will lift the SP floor level today to 7.5 - 8.5 today with further smaller daily rises as Bloe starts to create more interest again taking the SP to around 10p before next update.

Shut up Mike , have the chips on your shoulder just got bigger ? haha

Overall the positive tone in this RNS will provide some reassurance to shareholders, 16a is not a duster producing oil and this will increase after side tracking. Gas a lo more than originally anticipated , lessons learned from 16a will benefit w38 .
Blue day today as the sell off has clearly been overdone.

It’s time the BoD reassured shareholders of what was happening, ie a future timetable of operations. When we can expect flow rates , when Spud, Gas Contract & Pipeline, Oil Storage, 3D Survey . Gas flaring . That was all that was earlier promised to happen over the summer.
An RNS Operations Update should be forthcoming imminently otherwise the BoD will loose credibility and confidence in the Shareholders many of who are of the opinion we have been misled.

Investors need reassuring, Bloe should update the market as a matter of urgency as to the current situation and the plan going forward , dates , Contracts, Flow Rates, Spuds . Even if they just can tell us when we can expect to hear the news that we were told to expect and the news that is so long overdue.

The BoDs need to restore shareholders trust and their own credibility after making bullish predictions in recent media interviews otherwise they have publicly mislead shareholders. News must be very soon even if it’s just to confirm when shareholders and the market will be updated rather that continued silence.

No news is going to increase speculation and doubt, until we get news the SP will continue to languish around these levels.

There is a lot of speculation based on nothing , until we receive the RNS it’s pointless in trying to predict what’s not known.
We can expect an operational update this week or next so I am going hope for the best and hold on.

Got to be News this next week.

It’s criminal the way we have been led astray, mislead with false promises, I’ve lost £10,000. Gutted but it happens.

By the laws of averages we should expect news next week.

A relief there’s no bury the bad news Friday RNS, see what we get next week.

sorry Guys I have mistakingly read it as results being announced 30/09/19, when it’s 2020.
On that basis we can expect an RNS soon.

With interim results due to be announced RNS will be subject to a Closed Period

DEFINITION of Close Period
The close period is the time period between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results.

BREAKING DOWN Close Period
The close period is intended to prevent trading in a company's shares by its insiders ahead of the public dissemination of its financial results. This is because the insiders may be privy to information that is not yet in the public domain, and may be tempted to "jump the gun" with regard to their company shareholdings.

For example, if a company has unexpectedly had a disastrous quarter, its shares may be expected to plunge once the financial results are released. A corporate insider who sells some or all of his or her shares in the company before the news is released to the general public would be subject to severe sanctions from the regulators, including disgorgement of profits if any, fines and even incarceration in extreme cases.

Why Companies Tend to Stop Making Statements During a Close Period
Companies typically refrain from releasing price-sensitive statements or news during the close period. This differs from a quiet period where companies must embargo any public promotions before an initial public offering is made. Companies may choose to withhold making statements during the close period to prevent the company’s shares from being affected ahead of the release of the expected financial results.

If possible, a trading statement or other news might be issued prior to the start of the close period. Companies can host discussions with investors and analysts before the close period commences. It is also possible that statements and news relevant to the financial results would be released as part of the filings or shortly after.

For instance, the company might wait until the financial results are published before revealing the test results for a new product or plans for a new initiative to expand operations. There can be cases wherein a company must report news or statements during the close period even if it might influence share prices. Accidents and calamities that affect the company’s operations may need to be publicly acknowledged. A disaster at a company’s major production facility could not be ignored regardless of a close period. The sudden or unexpected departure of members of executive management likewise can call for public statements by the company that cannot wait.

Whatever the outcome, and I do hope the mine gets completed one way or another, Finance is going to be more expensive, the lower the share price the less likely a placing will happen. So it’s going to be a long haul, the risks haven’t gone away with the construction and a takeover is a far away dream, Administration might be the only option for an investor to get involved on the cheap but even that isn’t without its risks. Good Luck everyone let’s hope CF can pull a rabbit out of the hat.

Sirius have never given any thought to what if , they always assumed that the finance would be there and waiting. Perhaps if they had known what they know now then a contingency plan would have been prudent. The cash burn has been recently running at £1m per day, extravagant and wasteful spending could and should have been avoided. They were spending significant unnecessary funds on fancy offices, trust funds, paying themselves high salaries before they’ve produced a dot. Locals have been astounded at the money being thrown about, renting whole hotels and boarding houses supposedly to house miners and then having no one to put in them.
I suppose the expense accounts will now be reigned in as they see the error of their ways and look back at all the money that has been wasted. Chris Fraser in his fancy Range Rover paying himself a £300,000 salary , he’s not as clever as we thought as 85,000 Shareholders loose out , some have lost fortunes believing and following one mans huge ego.

Surprise RNS in the morning hopefully, I wish for that every night.

Well Malcy hasn’t been given any sensitive information or isn’t spilling any beans at the least.
I agree that an update maybe coincided with forthcoming results before the end of September.
I think with so much on the horizon we can at least expect that we will form a solid base at the current sp level and bounce strongly off any good and positive news.

I recon Malcy is subject to an Embargo regarding his interview and it’s publication, I am repeating myself so forgive me, but an RNS has got to be imminent probably waiting for some t’s to be crossed and some i’s dotted.

Mike your back to your old ways, you must be a very bitter man. Your don’t come across as a nice person, the more bitter and twisted you are the more ridiculously immature you are.