Sirius Petroleum Share Discussion Threads

[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.....

[thundercat1] 13/10/2015 09:20

On a more positive note looks like a few buyers are back again, let's see a little tick back up again mr market maker.

[jimduggan] 13/10/2015 09:20

You and your mates are just bitter cause you invested at the wrong time.
You take your frustration out on others...
It is called TRANSFERED AGRESSION

[thundercat1] 13/10/2015 09:18

Jim no one wants to read your comments full stop.

[jimduggan] 13/10/2015 09:03

That's why he is bitter and twisted
No topgunner in my eyes lol

[topgun1000] 13/10/2015 09:00

Alright thundercat your post made me laugh out loud on the train just now got a few looks great comment mate thumbs up.

[thundercat1] 13/10/2015 08:51

Well you took the words out of my mouth topgun themose probably works in oxfam sniffing old dears used under crackers idiot.

[topgun1000] 13/10/2015 08:41

Themose all you do is post nasty personal attacks against people on here you never have anything to say about this share or post any opinions of any use, I think I'm within my rights after losing 90% in a just over a year invested in here to voice my opinion so keep your nasty little cake hole shut.

[them0se] 13/10/2015 08:05

Topgun, I'm sure you and thundercat are cut from the same cloth. Right brace of morbid individuals. Are you pair vat inspectors by any chance?

[topgun1000] 13/10/2015 07:13

Another 6-12 months now!!!
Why do people on here allude to take overs and pie in the sky share prices, a take over if at all would be years down the line!
I'm looking forward to the increased positive news flow Bobo said about!

[ryonislav] 12/10/2015 23:30

Zzzzzzzzzzz

[ryonislav] 12/10/2015 23:30

Yes rudolf...we know mate

[ruedolf] 12/10/2015 23:19

Good interview by Bobo today in that the company was addressing the concerns of its shareholders. Its a new and welcome change from the company.

It confirms that the last 3 -4 years was a mess with little progress on the company's assets likely due to disputes with Guarantee petroleum and Owena oil and aborted funding deals with Glencore and Levant.

All that appears to be in the past with Guarantee now signed up and at last the company is in the process of developing the ororo oil field.

Its also clear other assets won't come into play until ororo is up and producing maybe 6 to 12 months time.

The interview confirms once and for all the company is going down the production route and not the quick takeover some folks are dreaming of.

With Ororo up and running within the next 6 months should easily justify a market cap of £20m in this market with further upside potential if oil price rises significantly or other assets are progressed.

[drrichard] 12/10/2015 23:05

Exactly, Sherlock. One of Fletcher's jobs, as he admitted, was tidying up the balance sheet. Hard to believe he left without this item getting his attention.

[sherl0ck] 12/10/2015 22:23

I've commented on this before but I'll repeat for the newcomers......Glencore were not the recipients of the 900m warrants, Strand and their advisors were. The warrants were issued as another potential form of equity funding to sit alongside the Glencore debt funding off-take, effectively providing £100m+ in total. The warrants are valid independent of the fact that the Glencore funding aspect wasn't ultimately utilised. Despite the warrants potentially bringing in £60m for the company if ever exercised, I would say that the Board are aware of the potential dillutive issue and let's just watch this space to see if there's any future developments on this front.