Sirius Minerals Share Discussion Threads

[kirtonender9] 21/1/2020 15:12

Anyone who buys shares should know that they could lose all their money. If they did they didn't know this then they should have got professional advice.Furthermore no one should have invested more than they could afford to lose.The Govt isnt there to bail out private investors. SXX was always a risky venture and even if the Govt had underwritten the $500m loan SXX still needed another $2bn to complete the mine and there was no guarantee that would be forthcoming.So I maintain that the Govt took the view that if the project was worth saving then another Company would come to the rescue. That is what has happened.The writing was on the wall months ago.

[kop202] 21/1/2020 14:50

The government had a choice they chose to save Flybe and not SXX..why? Because it went against there mantra of not supporting loss making companies......er no that would be Flybe For the sake of providing security for future loans SXX could have been saved what was so bad about that..protecting the large number of private investors from near wipe out?

[the millipede] 21/1/2020 14:15

I agree the idea of bailing out Flybe is questionable.

This is a company that rarely makes a profit and, if the transport links it provides were as essential as some say, you would have thought they could increase the fares and become profitable.

It speaks volumes that, after years of trying, this has proved impossible.

FWIW there are large institutional shareholders in Sirius (as we are currently discovering with all those RNSs) and small shareholders in Flybe (those who own Stobart shares, for instance). So I don't think there is any mileage at all in the idea the bailouts are for billionaires only.....

[kop202] 21/1/2020 12:31

Many of the "investors" are local people. The same sort of people that Thatcher sold to in the 1980's privatisationsThese people should have been better looked after. Congrats to Scumbag City of London traders ...with their Paul Simon hit...."There must be 50 ways to screw a private investor"

[bolstaf] 21/1/2020 12:24

Check out sharesoc guys and don't go down without a fight

hxxps://sharesoc.ning.com/forum/topics/sirius-forum?commentId=6389471%3AComment%3A55755&xg_source=msg_com_forum

[anil1234] 21/1/2020 11:54

My family members are long term holders and are not happy with the offer of 5.5p a share as all on here. May I suggest as we have join in hxxps://sharesoc.ning.com/ as lots of SXX shareholders on their with help of Sharesoc team are trying to get to 100 shareholders with 100 or more shares / 5% of the shares in SXX, which can assist with getting a Townhall type meeting with BOD prior to AAL and Sxx meeting to be announced in near future.

[the millipede] 21/1/2020 11:50

Sirius is being bailed out. By AA. Why on earth would the government step in?

[kirtonender9] 21/1/2020 08:54

The Govt isnt there to bail out private investors.It was a risky project and if it was viable then another Company would step in without risking tax payers cash.AAL have stepped in but its up to shareholders to accept it. If they don't then SXX goes into administration.Those private investors who can't afford to lose their investment should have realised it was risky and as with all equity investment nothing is guaranteed and you could lose all your money.

[pjml5337] 21/1/2020 08:35

Cannot see why the government did not save this 500 million to get the next lot of financing and then once mine built a revenue of 2.5 billion at year for 100 years makes me sick but will spend 102 billion on hs2

[wedgie74] 21/1/2020 00:15

£107bn for hs2, yet the gov couldn't safeguard the £3bn that it would keep this as a british company

[hannath] 20/1/2020 23:16

Can’t see an higher offer coming now so I’m out at 5.52p rather than wait until April to get it.

[riotinted_specs] 20/1/2020 22:50

We are at 5.54 now can anybody comment on upside and timing of said upside

[beeezzz] 20/1/2020 22:32

Higher offer coming soon.....

[btfd497] 20/1/2020 21:58

My Granny always used to tell me never to invest in Mining or Pharmaceuticals as it can go pear shaped very quickly.

After almost losing big on a pharma share and now seeing this. She is Definitely right. #GrannysKnowBest

[dozyduck] 20/1/2020 21:10

At base, the management (aided and abetted by brokers) shot themselves in the foot with the over-hyped NPV based equity share 'targets' peddled in the 2016's. To take in projected revenues 55 years into the future always was absurd, dodgy, and almost fraudulent. If long term values (and profits) had been more honestly projected, a different long term funding plan might have been more successful than the one depending on part equity funding at the unrealistic price 'arrived at' by those dodgy brokers' analysts. They should be hounded off the market.

[djb3] 20/1/2020 21:07

It's strange the way he's gone quiet Dave isn't it?

[sportbilly1976] 20/1/2020 19:36

If you wish to remain with potash....have a look at EML

[kreature] 20/1/2020 18:22

On Radio4 now.

[noramping] 20/1/2020 16:43

What’s the Aussie woman’s holding