Sirius Petroleum Share Discussion Threads

[share_cruise] 07/7/2015 21:32

This company has well and truly tested our patience
But not long to go we're leaving the station

Sirius was sent to test ya
But don't worry you'll love this venture

With black gold just around the corner
Get in whilst you can, the door will be shut.... I did warn ya

How's that for a riddle?

[jimjam22] 07/7/2015 21:24

very much better.
just shut up kid boy chris.
this is a vital transition.
shut it now boy! £££;£££

[1dsk] 07/7/2015 21:15

I do hope you are attending AGM jimjam? Would love to find out what makes you tick and whether you speak in riddles all the time!!!

[chris shiherlis] 07/7/2015 21:03

What has this fella been sniffing? He seems the type to break into back gardens and night and rifle through any underwear he can locate.

[cornishtrader1000] 07/7/2015 20:52

JimJ - in English??

[jimjam22] 07/7/2015 20:22

incorrect Dr.
not at all!
maybe you got a lot wrong.
But I'm pleased you
gorra little correct

Sadly too much wrong.

It will pan out well so stay in doc
dont gamble anymore silly old man.
I know!
I know!

[jimjam22] 07/7/2015 18:36

Tore them up like pulled pork
Is it smell or taste
it's blood, that's all
Too crazed to differentiate

Don't care, it's blood and flesh
it's good,
sleep now, rest your pretty little self absorbed heads.

An eerie lull
for a reason?
Think apple cart,
I said, NO sneezing!
Hush Hush! Quiet now
stifled murderous growl.

Now then, now then, now then?

[solarno lopez] 07/7/2015 11:55

I have no doubt on the veracity of your points SHERLOCK and look forward to the coming party !!

[sherl0ck] 07/7/2015 11:45

Solarno - I suspect the credit side has been quietly building rather nicely indeed in recent years ('other opportunities' section of 1/5/15 RNS comes to mind) but the Board have chosen not to inform PIs or the market yet, hence ITK folk, former Directors and related parties are quite happy to keep loading up. When the full
picture is finally revealed many PIs will miss out on buying much at all, settling to take far smaller positions at much higher prices. And that's by design.

[solarno lopez] 07/7/2015 11:32

Confetti comes with a price !

[dr rosso] 07/7/2015 11:29

None of this share confetti stuff is unexpected. Are they all loaded up yet in their Family Office Trusts?

[share_cruise] 07/7/2015 11:15

The share price should be underpinned closer to 2p due to the havoc warrants IMO

[solarno lopez] 07/7/2015 10:22

And we draw their ATTENTION to that as well DOC ...so far we have seen lots of
going out but nothing coming in on the credit side!

[sherl0ck] 07/7/2015 10:16

Doc - would be even funnier if Greenlands was in some way connected with Calvet. £800k fee for helping to cancel the initial Calvet convertible loan, which as you point out, only $250k was ever drawn and which cost the company $2.5m. Maybe it was in fact $3.7k cost for the $250k loan!! Back to school for Mr Fletcher methinks!

[solarno lopez] 07/7/2015 10:07

We will draw the boards attention to these matters at the forthcoming AGM Doc

[dr rosso] 07/7/2015 10:02

Havoc has been awarded $191k as their technical fee. The 100m warrants are extra.

Worth a look at Page 32. The accruals figure has been made to look like $191k, but is in fact 10x higher. $1.72m is due to an unknown entity.

Scroll down to the loans and we see the Calvet facility of $2.4m. This incurred a ridiculous fee of $2.1m, then a late payment charge of $455k. Late payment of what? Only $250k was ever drawn down, then the loan was terminated was deemed to be not needed. A $2.5m charge for drawing $250k. Taken in 3p shares.

Then that loan gets replaced with an identical one, but now at 1p conversion, allowing another 310m shares to be stowed away.

Pretty obvious that it stinks, but equally obvious that Calvet-Fry knows the likely value of these accumulations.

[htrocka2] 07/7/2015 10:02

'Gambler taking a punt on a successful outcome?'

A bit more to this than meets the eye. He's just stepped down from Afren as CEO..so technically 'unemployed', however, as ex Afren CEO he must be privy to a lot of confidential info and the goings on within the Nigerian O&G Industry...... so why after all this time, three years I think, accept now?. In this game timing is everything....and August looks like an important date.

If he has accepted the shares in lieu of salary, means that SRSP and the ex Afren CEO must have been in communication with each other...I wonder what else they had a chat about?

[sherl0ck] 07/7/2015 09:47

I wouldn't be at all surprised if there is yet another share/warrants housekeeping RNS to tidy up the Glencore 900m warrants, current Director & MH accrued salaries being converted to shares and Havoc converting their $191k fee to shares (if they're allowed).

[dr rosso] 07/7/2015 09:40

Is Havoc taking their $190k fee in 2p shares too?

What has Havoc done since Oct 2014 to earn a fifth of a million dollars, which 9 months later is followed up with a def contract? Why not simply take their fee as cash from oil production profits?

[dr rosso] 07/7/2015 09:39

Nothing to stop Tobe waiting for the revenue stream then taking a guaranteed cash pile of 300 grand. Nothing either to stop him taking shares after the event, derisked in a growing Co.

But no, he wants payment NOW which means he can only be paid in shares. Lots of them. Why would he want 15m @ 2p at this moment in time? Gambler taking a punt on a successful outcome?