Sirius Minerals Share Discussion Threads

[ambience] 24/1/2020 07:03

This was an article last night in daily mail online (it may be in the paper today or tomorrow and I have mentioned this on the ShareSoc forum) - I think this may be the time to engage through ShareSoc with an extremely senior journalist with great sympathy for our plight and even suggesting possible solutions.

Please sign up to ShareSoc as momentum could be building. Alex Brummer is not any journalist he is an English economics commentator, working as a journalist, editor, and author. He has been the City Editor of the Daily Mail since May 2000, where he writes a daily column on economics and finance.

[pazzuzu] 23/1/2020 19:32

What was in it?

[amaretto1] 23/1/2020 18:03

Yorkshire post today !!

[amaretto1] 23/1/2020 18:02

Yorkshire post today !!!

[kirtonender9] 23/1/2020 15:24

Then they should have sought professional advice.Investing in mining companies is risky, and small companies with very little cash such as SXX even more so.It's not the Govt's responsibility to bail them out. I've heard from a few people who had the bulk of their portfolio in SXX saying the project was too big to fail. I said spread your risk because it can fail. Needless to say rather than reducing their holdings they added and have lost out big time.

[kreature] 23/1/2020 14:30

74 RNSs. Is that a record?

[richard26] 23/1/2020 14:27

£80 plus down........ouch

[richard26] 23/1/2020 14:26

sold and out.......all the best to the remainers...

[kop202] 23/1/2020 14:15

I cant understand why your so unsympathetic to the rather large number of out of pocket shareholders...many local people bought following widespread press coverage..The Daily Wail amongst others.....these people are not like the posters on here just ordinary joe public taken in by the hype

[kirtonender9] 23/1/2020 13:25

That seems obvious to me as well.So either 5p per share or 0p

[kop202] 23/1/2020 10:32

As I've said before theres massive potential for growing mushrooms in the tunnel

[kreature] 23/1/2020 05:50

I think you’ll find it’s all about the early delivery of “really big impossible goals”. At least they were honest...

[dice1950] 23/1/2020 05:35

Sirius Minerals chairman issues stark warning to shareholders
Investors could lose all of their money if takeover deal is not approved, he warns
23 January 2020

[beeezzz] 22/1/2020 21:52

You can look on this project like a man in a dingy trying to land a blue whale....

Sirius is a piddly little company trying to finance a massive project well out of there league...

Still I always wanted to work until I died...looks like its come true...

Good luck with the action or trying to extract the truth out of Sirius...

[kreature] 22/1/2020 20:39

So will AAL start on the 1500m shafts down to get the rocksalt, or will they complete the new railway tunnel to Teesside first? and then have a bit of a think about the rocks ?

[ekuuleus] 22/1/2020 20:26

Db1umb that's very misleading of you shareholders did not get compensation. The people who bought the share placing got compensation.

It's worth noting that I paying compensation to a sub set of shareholders would be at the expense of all shareholders.

Sirius has no money so no compensation. There are 2 options. Reject the bid go into administration probably get nothing although there might be money left over.

The second is to put the directors in jail if you can prove it. Wont help you financially now but 9ther sharks might think twice about scamming pis.

The other sage advice applies. Dont risk money you cant afford and you do your research and take your chances.

It's a fine line proving bad luck verses a conspiracy to RIP people off. One that's very very hard to prove.

[davidosh] 22/1/2020 18:23

Further details about the ShareSoc Sirius Group

[maxdoom] 22/1/2020 17:38

dp1umb

that fine chap :)

Personally I think that there are a good number of gaps in the story as do many others. It does no harm to seek answers.

all the best

[dp1umb] 22/1/2020 17:19

Max Doom I stand corrected RBS did offer compensation to shareholders who misinformed about the financial position of the company when participating in a rights issue, but Fraser hasn’t deceived us in the same way as mr goodman IMHO.

[nige50] 22/1/2020 16:52

Ladies and gentlemen can anybody explain why people keep buying shares if all the shares are going to be turned into cash?

[maxdoom] 22/1/2020 16:06

dp1umb:

Well firstly I would say to you that RBS shareholders have won compensation after being misled at the last fund raising just before the collapse.

BUT, I have not said anything about a class action etc.

At this moment in time the objective is to get further information from Sirius Minerals regarding some of the circumstances, publications and decision making - the company has been extremely poor in keeping the shareholders informed since last July and is still being shy with relevant information that may effect how shareholders choose to vote, basically we are being ignored. People can choose to just vent on the chat forums or they can make their shareholding count, join the list and see what doors a much larger set of shareholders can open...

Only with information can decisions be made, only with shareholders getting together constructively can the information stand any chance of being obtained.... and if at the end of that we find there is reason and cause and lacking then maybe I'll come and talk to you about class actions eh

I would urge you to sign up, it costs you nothing except an email.