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Plenty of comments will say what can happen in general but it would be interesting to hear from those people how their very generalised point applies to SXX. Of course that assumes those posters know enough about this company and it’s fundamentals to make a specific comment.
Just using comments like I can see this at whatever SP or terms to imply that you are involved in the wide world of trading like “ falling knife” “overshoot” is not very clever.
What is your agenda? Is it simply to aggravate those invested here? How many people posting on here have a short position? Less than 10% in my opinion even allowing for CFDs and spread betting accounts. So it would be logical to assume that if half the posts are from people who seem to be relishing this dip in the SP then most of those posters are just here to aggravate.
Like childish trolls.
If you know as much as you think you do then make a comment about SXX with some specific detail and not the very general rubbish that you are currently posting.
Whatever circumstances exist to cause SXX holders to part with their shares at this price at this point in time, it is not good for those people.
Those that think there is a problem with the SP that in some way says something bad about the state of the project or company - you are very mistaken.
The loser today is the seller, the winner is the buyer. What is horrible to watch is that this is undoubtedly PIs being scared in to selling. If you are posting things that add to that scaremongering you should be ashamed of yourself. The small man is losing out here and you seem to think that is something to mock.
Oilman- they dipped below before. We’ve been here. Not much has changed. Not really an issue is it?
Generally, if you wait just a moment longer before leaping on a “I told you so” moment you will look a lot better for it. It’s called class. You portray the image of someone sitting waiting for the nano second it does what you presume to have predicted and then BOOM. “I told you, I told you, I told you.” Ner ner ner ner ner.
I’m not saying there is no risk at all but the way some posters casually talk about construction going badly wrong is ridiculous. These people don’t turn up on site, prop up a rickety old ladder and then over reach from it to an area that’s above an acid bath which is next to a large propane store upon which little Billy the YTS is lighting an impromptu BBQ.
THEY ARE PROFESSIONALS!!!!!
Get a grip.
Anyone who says another company is similar to SXX needs to be talking about a U.K. based new business that has an engineering hurdle to overcome that costs around $5bn and takes more than a decade to complete. The company will need to heading towards producing something that can’t suffer as a result of being copied or stolen. It will need a 100 year production life span. (Add another dozen unique factors here......)
THEN by all means state a similarity. Otherwise, stop talking rubbish and realise that SXX is not really comparable- do the company specific research and analysis and take your choice but don’t be downright disrespectful to this project by comparing it to another ‘start up miner’ or a project in an unstable part of the world or a company with an SP that was worth this and ya now worth that or any other variations thereof.
Please stop comparing APPLES that are already eaten / rotten / sold / baked etc. etc. to ORANGES that are coming from a tree that’s only just been planted.
Sounds a bit negative but it is ultimately a positive trend that gets described as a grind. This SP will grind its way upwards relatively quickly IMO. Pretty much in line with the 5 day chart would be my guess.
So not much patience required IMO - it is fairly swift progress in true terms. Take it over the month and then six months and see if you are happy with that increase. If you are then just make sure you stick to your strategy and don’t sell cheap!
Onwards and upwards SP. Onwards and downwards then sideways for the tunnel.
(COYS.)
Newman and Baddiel reference or not? Loved the professors!
The mobile layout of Share.com led me astray - I didn’t get 62.66% I got 37.33% it was shown in a misleading way so no bragging rights at all. I got a standard allocation. Better get some more on Tuesday morning as my magic number now hasn’t quite been reached.
SP close is strong in my opinion- still shaking off jittery holders and a three day weekend is a nightmare for some to hold over! I mean imagine all the terrible things that could happen. The volume was decent and to hold at 15.15 is solid stuff.
Just be patient and hold on to those shares!!
I don’t really care so I don’t expect anyone else to care but the disparity is interesting if not bizarre.
I hold some of my shares via Share.com and on that account I got 62.66 % of my extra shares requested.
To clarify - did CF say a J curve was coming and then it came? I was invested, I got excited, it happened. Then other stuff happened- I’m still invested and I’m still excited.
I will stick to my much repeated analysis that we have too many people willing to give up their shares too cheaply. The combination of PIs selling at small profits or small losses of a few percent and the churn of this by day traders who again look at small percentages, means the result is quite decent volume available to pick up cheaply.
Factor in terribly managed stop losses and another batch goes cheap.
An example will be 50 PIs giving up 5k shares each by either fear or poor management of orders. They aren’t too upset or particularly over the moon because it’s a small amount of cash either way. A couple of day traders snaffle these shares and move them around in a day or two- they are happy with taking £500 each and feel like Gekko.
However, wrapped around all these moves are the large orders that get met at the right price for the IIs by mopping up all the shares they want at the price they stick to.
So not too many unhappy people in that chain. If only the initial PIs had really sticky fingers and held tight to their shares - then we lose the day traders and the IIs have to pay more - they can afford it and have a long term strategy. We now have lots of happy people.
It may seem too good to be true but it really is that simple IMO.
Set a good price and stick to it. I would not let any go for less than 35p even within 2019.
Saw this from someone but for some reason I now can’t find it again -
“This share is crap. I got in heavy today (1500 shares) at 16p after all the ramping but it has fallen off a cliff since then. Typical AIM rubbish. I’m now £3.75 in the red plus dealing fees. Chris Fraser is an idiot. I could do a better job. Good job I did an amazing deal elsewhere that earned me loads. I’m gonna get out before it gets worse. I’ve been in for nearly an hour and half already but I’m sorry all fellow LTHs I’m done”
Shirty would have done it - it’s cleaner, less irresolute than shirtery. I think you murdered a good joke.
Debt slave - Be careful as sarcasm / irony is not always picked up by touchy people and your message could be misinterpreted.
“I was, of course, very very drunk.”
A great character from a great show. IMO. No offence intended if The Fast Show causes you angst on any level.
I think the majority of the discussion on this B.B. is now about the short term SP range and potential craziness. I can offer no argument that would logically suggest this won’t happen. BUT...
The point for many of us here is that it is irrelevant to us. Completely irrelevant. I think that is where the angst comes from because those who are shouting 12p (or even 9p) think what they are arguing has a relevance.
It is probably irritating for a long term and well researched in this project investor to hear the intensity of argument around a 15p / 12p / 9p share price. The LTHs are confident of a long term SP reflecting their faith in this project.
So we wnd up with passionate reactions to these arguments and apparent conflict begins when really two completely different sets of parameters are being compared.
We really need a B.B. for people who are all about the 20% up or down over a matter of weeks (or days for some) and another B.B. for those that have a long term (beyond ten years for many) strategy that plans for maybe ten times the current SP or more.
Conflict for conflict’s sake here at the moment. I sit with the LTHs and I am utterly confident based on all variables and parameters that matter to me that my money remains long and hard in SXX.
If you are in the macro crowd and the short term SP volatility is your thing then so be it. We have no need to exchange opinion about our separate worlds.
The only relevance to my tribe at this point is scoring further top ups at a price that fits our long term plans. 14p is better than 15p if I get to buy them but is it worth worrying about when I’m holding to £1.50? A LTH can gently massage their average down with a fairly relaxed strategy.
A short term trader has to put in a lot more effort and suffer a lot more anxiety day to day. Maybe that is where the underlying personality traits cause the arguments. We have calm,potentially quite patronising or smug LTHs irritating the fast twitch and edgy traders and vice versa.
So actually two distinct tribes here in general. I acknowledge the likely presence of some very clever people who might sit somewhere in the middle in a state of utterly efficient fluidity. I doubt those people get in many B.B. arguments.
Fairly sure tomorrow was yesterday BTW.
Might be necessary to retitle that thread because we will definitely never get there as tomorrow never comes.
TODAY, however, is a great day to invest in SXX - not sure I offered that opinion previously. I will repost this in one month and show the return and again in six months.
It will look very straight forward as to how this was a great day to invest in SXX. In my unfeasibly humble opinion.
Sorry if this is repetition but I don’t have time to read back and see who is dissing who today.
Huge volume, stable price and actually a little further above 15p than I had expected = great news. Really great news. This is very strong performance when you consider the jitters. Those jitters are still there for those that prefer to panic and worry rather than work it all through and see the whole picture.
This is rock solid and as many now imply- ready to rise. The chart will be a thing of beauty over the next six months.
BTW - to me six months is SHORT term. This is a great short term and long term prospect from where it currently sits.
If you are one of those “I’ve been in two weeks and nothing has happened, therefore this share is crap” brigade. My advice is get a well paid job because your investment strategy is not going to support you.
Call out time LL
What do YOU think the odds of the high yield bonds not being sold are and a few short reasons why?
I think they are effectively already sold and there was / is more buyers than bonds. The rationale is that the bonds are complicit to their own success i.e. you buy them and they make the full finance package happen, the project completes and makes enough money to pay back $500m with final bonus within a few MONTHS once full production is hit. As a buyer you don’t have much pressure on that timeline or payback because your bond has an expiry date beyond planned full production. In those interim years you get a very healthy return that fits your long term financial strategy and the reason you were looking for a ten year or so high yield bond.
It’s British and it’s low risk- the project is massive for the local area and the country as a whole. The people doing it have done it all before.
So no military coup to worry about, you have sorted finance to cover to full production and a nation that wants this to succeed and probably 11% per annum guaranteed.
So in my humble opinion it might be a shorter list if you asked who DOESN’T want them. (Of those that have a ten year fixed income strategy with a few hundred thousand pounds set aside for such)
Of course some people just want to keep scraping the barrel with what tiny futile argument is left to put a downside argument foward. Scaremongering those who might think what you have said is actually a reasonable view rather than an argument that quite frankly is on a par with “Will Man City be relegated next season?”
You are right- they might.
I can cope with random doom and gloom from people are so clearly not actually involved on any level with SXX. However, now we have swathes of people reporting their holdings, allocations etc. (which tends to indicate they are genuinely involved) but with a bucket full of doom and gloom and negative prophecies. Why are you here then? Why the doom and gloom? There’s plenty of other places for your money.
It makes absolutely zero sense to me that anyone who has a minor holding or has only got involved recently would stick around if they genuinely believe we are stuck at 15p with a risk of going lower. Sell then! Before it happens. Put your money in a better place.
If you are sticking around then why not catch up with the SXX story in full (warning: requires effort) and start working out why this might be a good place for your money. Then you can put up a post that says why you are invested in SXX, why you are staying and the rationale behind it that tends to indicate you are an intelligent person who puts effort in to their investments.