Sirius Petroleum Share Discussion Threads

[witchywoo] 01/9/2016 14:02

tragically the office junior IS the boss

[dr rosso] 01/9/2016 13:53

Boss "Oi, minion, the natives are getting restless. Can we chuck em a bone?
Howzabout cobbling something together about the long lead items in place?"


Office Junior "Naa, chief, we tried that in Feb 2015."


Boss "FFS, damn, forgot that one. Let's go for "progressing funding."


Junior "Genius, boss,"

[dr rosso] 01/9/2016 13:32

Now you see em, now you don't.

Did anyone spot the appearance of 3 (yes, THREE) buys ate 1.484m? 2 have now been deleted. All were timed at 10.25 but 2 were delayed

[daniel levi bmd] 01/9/2016 13:04

FYI

Excellent read this. Remember don't get caught holding this POS.

It's in terminal decline.

Mkango Resources The Truth Emerges. Debt Ridden! Cash Vaporised! POS!

Dan
x

[daniel levi bmd] 01/9/2016 13:03

FYI

Excellent read this. Remember don't get caught holding this POS.

It's in terminal decline.

Mkango Resources The Truth Emerges. Debt Ridden! Cash Vaporised! POS!

Dan
x

[drrichard] 01/9/2016 12:30

Agree. Sherlock. Fixing the date is easy, managing the content is the problem, as you say.

[sherl0ck] 01/9/2016 12:25

I feel the lack of AGM news isn't so much about getting a date as it's about either not revealing the accompanying proposed resolutions prematurely / or that resolutions themselves will be largely determined by the deal we conclude. Whilst we're still in limbo and awaiting this info, I remain positive that we must be very close to executing on a funding deal. Should an AGM date and bog-standard resolutions suddenly drop, then I'll reluctantly have to conclude that we're still some way away. So far, no AGM news is oddly good news.

[sherl0ck] 01/9/2016 12:01

Shows the criticality of confidentiality and maintaining an orderly market when we run the real daily risk of being prematurely suspended and the headache that this would be for the Company and all shareholders. Also shows why people like Doc H are really unhelpful, regardless of whether they have accurate info or not.

I've said a couple of times already that IMO current trading (and perhaps even including trading right up to the point of first significant news) is but a mere drop in the ocean and reflective of the Board's tightly sealed lips, current market scepticism and anyone on the insider's register being restricted from buying.

So with everyone who really does know exactly what's going on behind the scenes being completely restricted, trading mostly represents a bunch of PIs who have a positive grasp on the Sirius story, yet may still be understandably a little hesitant due to continued lengthy delays and past history.

I look forward to the day when news lands, full disclosure is provided and all of the brakes are removed. As well as the PI herd desperately trying to get a piece of the action, we might even have institutions looking to build a stake. I would certainly hope that the Board have had the foresight to court some IIs in the City and at our plush Mayfair address. You may say I'm a dreamer. But I'm not the only one.

[sherl0ck] 01/9/2016 11:08

Unless disclosure is required under Article 17 of MAR, an AIM company may delay notifying information under this rule if it is an impending development or a matter in the course of negotiation provided such information is kept confidential. The AIM company must ensure it has in place, in accordance with rule 31, effective procedures and controls designed to ensure the confidentiality of such information to minimise the risk of a leak.

In such circumstances, where an AIM company is able to delay notifying information about impending developments or matters in the course of negotiation it may give such information in confidence to the following category of recipient:

(i) the AIM company’s advisers and advisers of any other persons involved or who may be involved in the development or matter in question;

(ii) persons with whom the AIM company is negotiating, or intends to negotiate, any commercial, financial or investment transaction (including prospective underwriters or places of its securities);

(iii) representatives of its employees or trades unions acting on their behalf;

(iv) any government department, the Bank of England, the Competition Commission or any other statutory or regulatory body or authority; and

(v) the AIM company’s lenders.

The AIM company must be satisfied that such recipients of information are bound by a duty of confidentiality and aware that they must not trade in its AIM securities before the relevant information has been notified.

[solarno lopez] 01/9/2016 10:47

The first paragraph of Docs posting shows why he IS smarter

[dr rosso] 01/9/2016 10:38

There is a big difference between a Co. that is performing badly and a Co. which gives the impression that it is performing badly. I believe the word is deception. Withholding price-sensitive info from people other than key insiders.



An AIM company is obliged to notify a regulatory information service without delay of any new developments which are not public knowledge concerning a change in its financial condition, sphere of activity, the performance of its business or its expectation of its performance which, if made public, would be likely to lead to a substantial movement in the price of its shares. The AIM rules specify numerous matters requiring announcement including directors’ dealings, substantial transactions by the company, and changes through whole percentage points to significant (3%-plus) shareholdings in the company.
AIM companies must send their annual accounts to shareholders within six months of the financial year end and also announce half yearly results within three months of the end of the relevant six month period. Accounts must include, inter alia, disclosure of transactions with related parties and each director’s remuneration.
The AIM Rules further require that AIM companies maintain an easily accessible website, with up-to-date management and financial information on the company. This would include details of its business, directors and major shareholders, a copy of the admission document or prospectus, and copies of documents recently sent to shareholders, such as the annual accounts and any subsequent reports. Other required information includes the company’s constitutional documents, details of any other exchanges on which the company has agreed to have any of its securities traded, the number of AIM securities in issue (which must be kept up to date) and details of the company’s corporate governance code and whether it is subject to the UK City Code on Takeovers and Mergers or any other such legislation. Directors will not be able to deal in the AIM company’s shares when they have information ...

[solarno lopez] 01/9/2016 10:34

cos he is smarter than the rest of us ?

[1alfi] 01/9/2016 10:28

DrRosso - you confuse me - if this company is as bad as the image you are currently generating - then why did you, as you announced to everyone on this board, add 237k shares to your investment ?

[dr rosso] 01/9/2016 10:27

Co. hasn't even officially acknowledged that one of the world's foremost O&G dealmakers has been working with them for the last 8 months.

Havoc is in on this cover-up too cos the info I got from Merlin was that the Havoc website had not been updated to reflect what was happening in the field.

Merlin departed the scene when the Ophir/Sirius agreement was pulled in Dec.

[dr rosso] 01/9/2016 10:22

Fuk all has been done. Far from it. Fuk all has been revealed.

Must be nearing that time of year where Coco gets wheeled out to tell us that progress is being made on the funding front to get the pipeline of assets into operation. Doesn't the bloke find it embarrassing to keep trotting out this stuff?

[6cer] 01/9/2016 09:43

1alfi - you're making Dr Rosso's point.

[drrichard] 01/9/2016 08:03

Exactly, 1alfie. There must be an elephant somewhere in the boardroom