Sirius Petroleum Share Discussion Threads

[quid for cash] 13/10/2015 15:07

Keep the faith 1dsk.

BKs recent roadshow events demonstrate the company is now open for business.
(did Bobo not say we are the service providers to Ondo State !) So.....
I say we do not know the extent of the "pipeline of assets" and can therefore make no meaningful assessment. But I suspect they are v v substantial.
Granted its not much to hang your hat on, but logic dictates BTG, Havoc Et al
are not here for crumbs.....4p - 6p = STALE CRUMBS.

Have you never asked yourself why are not already bust, we limp along like
BLIND DRUNK three legged dog yet never fall over.

All the rest,THE RAMPERS THE DERAMPERS THE FKWITS its all white noise mate.

Good posts this morning Doc very plausible, well done.

[cammy3] 13/10/2015 14:53

Blue finish again

[thundercat1] 13/10/2015 14:49

Totally agree 1dsk i'm sure most are in the same boat here,we have to average down as much as you can only way to get some profit on here when the tides turn which they eventually will do i'm sure!

[cammy3] 13/10/2015 14:38

This will be 0.6 by Friday easily

[ryonislav] 13/10/2015 14:33

When it hits 2p I'm selling my 8k investment

[bsg] 13/10/2015 14:07

Mr 15k may be impatient and sell too early, like most do.

[1dsk] 13/10/2015 14:03

I hope you are wrong bsg. Have not sat this out for zero profit. Managed to average to about 2p by continuing to throw money at this. I personally think it will be well north of 2p would just be surprised/delighted if this ever got to 30p+ as mentioned by others on here. If we were still sitting at 2-3p the this would be more believable. Can an investor who has just invested £15k really be lucky enough to make £1m on the back of it?? Those are some odds!

[bsg] 13/10/2015 13:59

... and it's got to 4 bag to do that !

[bsg] 13/10/2015 13:57

I think just above 2p will be about it, let the 2p warrants out with a small profit.

[1dsk] 13/10/2015 13:46

Don't know how much longer I can see these trades going through!! 3.5m for £15k... Really!!! When I started buying into this I would have been lucky to get 400,000! #guttedCan we really expect this to go from .004 to 0.30 now?? Doubt it. The dreams were nice at the time though. Is it to late to start a pension?

[ruedolf] 13/10/2015 13:44

" Dr Rosso 13 Oct'15 - 09:57 - 37829

On the face of it, the Glencore situation is so extraordinarily stupid that it cannot be. "

"1dsk 13 Oct'15 - 10:55 - 37832
Issuing 900m warrants to G and then pulling out would be an epic f up on the grandest scale. "

If there was anyone qualified to carry out such an act it must be Toby Hayward who was Director when these deals were being carried out ... as afren shareholders can testify ..... the man that sunk a ftse 250 company afren under his watch !

As the article below gives a flavour of what went on under Toby's watch

footnote : Kesyer name mentioned ? ...super-aggressive hedge fund boss nicknamed Keyser Söze


9:24 16/08/2015 [ldlv] Jon Hay, good man

Afren drama holds five sharp points for investors There aren’t many corporate insolvencies that would make a good movie. But any scriptwriters out there wanting to emulate the success of the Enron film should read our coverage of Afren this week.

The story’s got it all: the CEO, COO and other executives sacked for taking back-handers from joint venture partners; a shadowy, super-aggressive hedge fund boss nicknamed Keyser Söze; even a Nigerian ex-general called Theophilus Danjuma.

All that is froth, however. The real drama for financial market participants would play less well on the big screen. What destroyed a company that once symbolised a new, exciting nexus between London’s capital market and Africa’s burgeoning oil fields? That will take time to emerge, but we could start by looking at five things: not colourful, but gravely important.

One. Afren was listed on the London Stock Exchange. Yet a supposedly high standard of corporate governance did not prevent a corruption scandal claiming its top bosses.

Two. How much should oil companies hedge the oil price — and how soon should they have to tell investors if they change their policy? Afren was underhedged, in one shareholder’s view; then the oil price halved; and then it sold its hedges.

Three. If a company is struggling to pay its debt, should it have to give shareholders a chance to inject fresh money, before yielding the whip hand to lenders?

Four. Resources companies depend above all on technical estimates of reserves in the ground, and on how much of the commodity can actually be extracted. Some of the world’s smartest financial players, and Afren’s management, failed to spot that these were going badly awry.

Five. When Afren failed, investors said even its claims on its assets were shaky: the licences were only safe if Afren was still pumping oil. When that is the case, an oil company is a much flimsier thing than investors may imagine.

[ryonislav] 13/10/2015 13:39

3.5m sale and didn't budge!!!

[htrocka2] 13/10/2015 11:34

I was merely quoting Bobo...the Annual Results and the Rns's tell a different story....maybe we should take bobo's comments with a pinch of salt.

[dr rosso] 13/10/2015 11:26

Pages 20 and 32

The warrants went to Strand OR their advisors. $975k was set aside as payment for servicing the agreement.

Seems likely that neither Strand nor Glencore got those warrants. So who did receive them? R/F ? And why? Watch this space ........

[1dsk] 13/10/2015 11:19

8017 we've reached the peak. Take your profits and run.

[801710245] 13/10/2015 11:10

Up 10% yesterday,
Up 5% today,
Up 8.6% tomorrow...


...I'm rich!! - is there any end to this marvellous recent performance?

[1dsk] 13/10/2015 10:55

Issuing 900m warrants to G and then pulling out would be an epic f up on the grandest scale. The interviewer yesterday wasn't the best hence he reason answers weren't pursued. Either that or he had been gagged by Sirius! Why ask 3 questions i.e Who is selling all the shares and then letting Bobo away with out answering!!! You have given a good explanation Doc and maybe shares are not with Glencore as this would be one major problem for any t/o but may also explain the constant secrecy surrounding them. The question though with 900m shares potentially in a trust why the constant dilution. Just how greedy are these people??? Surely also if the warrants were issued to anyone but Glencore the board should have notified shareholders? Can warrants be assigned to another party without shareholders approval?

[jimduggan] 13/10/2015 10:05

Up 8.6 % tomorrow

[jimduggan] 13/10/2015 10:04

Jenny shut up

[dr rosso] 13/10/2015 09:57

I had a quick google on warrants and came across a warrants issue by Standard Bank. The full T&C are transparent in the form of 55 pages of detail. There is just no way on earth that Fladgate would let 900m slip through on the early promise of a potential deal. Furthermore, read carefully and it is not at all clear who those warrants were issued to. There is no ref to Glencore receiving any at all. They went out to Strand + other parties. That could even mean Strand getting a tiny % of what went out. A skim through that Standard bank doc showed that there are different and complex types of warrants and all kinds of caveats within the legals.

Any Co. entering an agreement to dish out warrants regardless of possible termination would find itself being taken advantage of and be in great difficulty in no time. Havoc for example could simply withdraw its services, do no work whatsoever, wait for a replacement group to get things sorted, see the share price hit 20p... then exercise 100m at 2p.
On the face of it, the Glencore situation is so extraordinarily stupid that it cannot be. One suspects that the warrants did indeed go out, and the recipients were none other than a Swiss Family Trust. Interesting that the Calvet insider trust has just agreed to reduce its entitlement by £500k ie 100m shares. Watch this space and expect similar revelation this week on this Glencore ruse. Remember that this backing crew are ruthless moneymen, masters of deception. Raggett's crew are historically part of the Corvus act, so expect them to get something like a 100m @ 2p sweetener out of this charade.

The obvious follow-up Qs in interview about the G warrants was to find out WHO received them and WHY. Why was there no follow-up?

[minichris] 13/10/2015 09:29

Looks like Sirius needs to be on that most talked about list again.....