I find it incredible beyond belief the abusive and blaming postings here. I too lost a good deal of money investing in SXX and topping up my shareholdings on several occasions after press releases and media recommendations HOWEVER I did so with my eyes wide open and in full knowledge of the considerable risks involved in the scheme. ITS RIDICULOUS to now go about blaming SXX and Anglo for the current bale out situation. GET REAL people and stop blaming everyyone else on the planet for YOUR mistakes
So true and interesting. I made a loss on SXX but I appreciated the risk and reward element in investing here. I accept and understand how this has ended without blame to anyone in the organisation. Time to move on now
Hi Volcano. I've been invested here for about a year and topped up several time but it amazes me that yours is the first post here for a year. Given that implementation of 5G is such a huge subject I can't believe that there aren't many other investors in SPT out there whose views we would love to hear on this one.
After the massive drop before and after the last announcement advising that SXX had cancelled the bond sale I fear we yet again might be seeing some insider trading off the back of a further impending announcement. It could soon be 'over and out' but I hope I'm wrong as I hung on to all my shares
I'm like you just sitting in there, waiting and holding but if I'm honest about it more on sentiment than any fundamentals. My concern is that they lose the funding facility already arranged I think at the end of September if they don't raise the money which was going to come from the bond.
Given the fragility and the jitters in the worldwide economy could the whole venture get 'moth-balled' until they do raise the funds to complete the project. IE The site, dig and everything else gets temporarily shut down until they can raise the funds they need.
Also I think they could be a really tempting takeover target by one of the giant cash rich mineral company's
Hi Rivaldo. Thanks for that. I noted yesterday he reduced his holding in WJG from 9%+ to under 5%. I hadn't realised before he had such a big holding bit I'm sure we can get along very will without him!
I noted yesterday pm that the SP had dropped over 5% to 202.5p for no apparent reason. I logged into my Hargreaves Lansdown account to top up my holding as I saw it as a strong buying opportunity. I tried for half and hour and each time HL said 'unable to trade at this time'. On looking first thing this morning the buy SP had increased to 210p so I didn't bother. Did anyone else experience the same problem?
I've been invested here for about a year after a investigating further the fundamentals following a 'Buy' recommendation from IC. It amazes me that this company is not invested in more favourably. Its a great company with little competition in its field and I look on it as a sound 'buy and hold' offering a decent dividend return