Sirius Petroleum Share Discussion Threads

[pipelinepete] 09/11/2017 19:28

Why did we not suspend immediately when we announced BP - but randomly suspended a few days later?

[doug51] 09/11/2017 19:23

Why did they not suspend when we signed the off take agreement with Glencore..

[dr rosso] 09/11/2017 19:15

With it being a key change of status, I'll go for a 10 day gap between AD publication and recommencement of share trading. Fundamentally it's a new Company which will have newly acquired assets and a brand new valuation.

[1sonic] 09/11/2017 19:05

Good find DR Rosso.

[dr rosso] 09/11/2017 18:56

... contradict what SL is saying. Share trading can resume ahead of GM approval.

However...

Dealing effective 10 days after publication of AD

[vatnabrekk] 09/11/2017 18:02

And also, they can't start producing oil until after the GM. But they could have the rig in place beforehand, ready to start as soon as the GM is done?

[astralvision] 09/11/2017 17:12

Many thanks for the reply solarno lopez,yes, if the shares can't trade till post GM approval, it could well be tight.

[solarno lopez] 09/11/2017 16:39

I am certain they can not start trading until the resolution changing the status of the company and share issue etc has been passed at the General Meeting.

Hence why it will be tight this side of the New Year

[astralvision] 09/11/2017 16:37

solarno lopez or anyone else that knows

If the betaville article is correct and the AD is published next week or shortly after, then ,once the AD is published the shares can resume trading?

least that is my reading of the RNS dated 16th August:

'At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 16/08/2017 12:30pm, pending publication of an admission document.'

Or does there have to be a GM first to approve the AD before the shares can resume trading.

[solarno lopez] 09/11/2017 16:30

It will be tight very tight

[pipelinepete] 09/11/2017 16:28

Will it be trading again this year?

[astralvision] 09/11/2017 16:24

It's an AD, not a take-over offer, so no take-out, least not yet, but nice dreaming.

[dr rosso] 09/11/2017 16:18

Ororo is a not insignificant marginal field but we need to recognise it as the starting point for kicking off a multi-billion dollar O&G, predominantly gas, venture.
AD next week, one suspects, and some clarification of the development strategy which lies ahead, or even take-out. Shares in the right hands will form part of the AD.

[aventador] 09/11/2017 13:25

Come on get a bloody move on been another year now and still no sign of oil.

[solarno lopez] 09/11/2017 06:37

Cripes what's wrong with you all.

I get to my screen to see no one has posted over night that will never do

What some whinging and moaning about how long the AD is taking or the BOD are useless

Oh well I will console myself with a nice cup of Earl Grey and a choccy biccy

[aventador] 09/11/2017 06:36

Sums srsp up to a tee lost all our money and caused years of stress.

[handygandhi] 08/11/2017 16:40

I think you meant 'wunch' DrR

(After William Archibald Spooner)

[dr rosso] 08/11/2017 15:42

Bunch of bankers

[1sonic] 08/11/2017 14:25

It’s about time they showed their hand.