Sirius Petroleum Share Discussion Threads

[htrocka2] 18/1/2019 08:22

What I find...let's just say 'curious', is that in 2012, srsp claimed they failed to raise an extra £5m with NIMA when oil was DOUBLE todays price hence pulled the plug on the deal yet have no problem finding the '(up to a maximum of GBP5m in total under the agreement)'....with oil at half the price of $60 a barrel?


(ref: 10 year historic chart)

[htrocka2] 17/1/2019 21:45

'If we ever get all these deals and funding and rig sorted etc this will fly up 100%s of percent plus.'


That's an interesting point.....Cantors '1p on first oil' will be enough to reclaim accruals….but not enough to exercise the company directors options....it'll need to go a lot higher for that.

[aventador] 17/1/2019 21:33

Well news driven also and we've had a string of delays and dillution so hasn't helped.If we ever get all these deals and funding and rig sorted etc this will fly up 100%s of percent plus.

[deadly nightshade] 17/1/2019 21:21

That's right Aventador if you look at the buys to sells since this was 1p you would scratch your heads as to why it's dropped 43% I have seen no evidence of a mass sell off. It seems Mm's can put a share price where they want it because if not why is it a aim share can all of a sudden rise or fall by a big amount on minimal trading??

[xerot] 17/1/2019 20:07

Spot on captminion

[rpat2] 17/1/2019 20:07

And if some of the share price predictions are true captain some of us will be buying boats lol

[captminion] 17/1/2019 20:03

Pipeline whilst I recognise that this is not a Samaritans help line. I think we have all been guilty of blowing hot and cold at some point. The highs are quickly replaced by lows and each and every one of us have different personal circumstances. To some this is 1 of many share holdings to others this is the biggest single investment they’ve ever made and are relying on a return (I know it’s a high risk gamble and nothing is certain but there you have it) if people were only allowed to post positive news on here you’d be very lonely for long periods, so please cut a little slack we’re all in the same boat.

[shez20] 17/1/2019 19:13

Haha brilliant pipeline! Could you just enlighten me on what anyone could possibly be being caught out on here? That soaring sp? I thought not!

[pipelinepete] 17/1/2019 18:55

Agreed some good buying going on today, it seems it's a different avatar every week who's changing his opinion and getting caught out.Negative negative negativeBuy Buy BuySame everytime

[shez20] 17/1/2019 18:28

Anyway why will an early one this year be significant like you suggest?

[captminion] 17/1/2019 18:13

Sorry duplication it’s allowed it’s my birthday 🎂

[captminion] 17/1/2019 18:12

We all thought that the reason for bringing last years AGM forward was to announce some jaw dropping news. In fact it was simply to get authorisation to issue more shares and to give them sufficient time to pull something out their back side. Admittedly to date I haven’t attended a AGM so I’m guilty of lethargy. In my defence I thought there were much better qualified, knowledgable people who would attend and hold the BOD to account. But in hindsight that was a mistake as most of the attendees were seeking technical in depth, long term strategy answers and the BOD batted this questions away in fact padded them out to run down the clock. The questions should be simple and to the point (1) WTF are you playing at ?? quickly followed by demanding to know who, what, where and when and if not completely satisfied by their response a vote of no confidence should be initiated there and then. I’ll definitely be attending the next AGM with gum shield at the ready!!!

[deadly nightshade] 17/1/2019 18:09

Sherl0ck don't worry my timing of postings is much the same, the day before we heard about the CLN'S i posted that this company had seemed to turn a corner in that they are not dishing out cheap shares!!! Thing is we don't know what all these "assets" are and as you posted the other day if these assets all come to light then they in theory should far out weigh any of this dilution. someone posted on here ages ago that a member of the bod once said all the clues are in the rns's, so if we can take it from that we should have a lorry load of assets plus reading the rns the other day funding confirmation on the 15th of feb is as good as in the bag. I am itching to see this rig move and IF it is to ororo then surely that should open a chain of other events.

[sherl0ck] 17/1/2019 17:59

Shez - it certainly felt important at the time but I guess it just goes to show that I’m not ‘the Company’, an ‘insider’; or the other rubbish that gets thrown out. Heck it was less than a week ago that I confidently stated that Barak funding would likely imply no further immediate dilution! I do my own thorough research and share most of my thinking but even my family regularly remind me that my SRSP timing predictions over the years have been woeful. What I think I have got right however is an understanding of the Company strategy and the immense opportunity... so whilst delays haven’t been kind to anyone, my confidence that we will get there in the end hasn’t changed.

[shez20] 17/1/2019 17:56

Nothing up with being positive bleemster, I was very positive until this latest cash call! It doesn't sit right to me! Add to the fact bobo was still stating q4 in December but yet they still can't give us a date passed mid jan after lending it for a small job!

[dr rosso] 17/1/2019 17:46

13 multiples of 500k today in a share-shifting exercise. Certainly not pi trading.

[dr rosso] 17/1/2019 17:40

Co. hasn`t even got a permanent COO. The stand-in will surely hand the reins over to the incoming O&G party which can then take control over the assets which have been set up for production.

[nice beach arse cheeks] 17/1/2019 17:38

A day on the B.B spent moaning and slagging the company off and surprise surprise big large block buys go through.

[bleemster] 17/1/2019 16:58

First to admit... shez you were right. I for one was living more in HOPE and anything possibly negative was not met with open arms.

[shez20] 17/1/2019 16:40

Sherl0ck - 15 May 2018 - 14:33:15 - 78922 of 88871 SIRIUS PETROLEUM - CASHED UP AND READY TO ROLL - SRSP
Letâ€482;s see what tomorrow brings Shez. Not literally of course but I still think the Board would be crazy to push results out 6 weeks earlier than normal and set a date for an early AGM without being very confident of having something positive to appease the front row. The clock is ticking, especially as they’d have to issue in advance any extraordinary resolutions that require a vote. If I was them and I didn’t currently have a rabbit up my sleeves Iâ€͐2;d be stalling until the last possible moment....just like we seemed to do last year!

Crazy the bod hey!

Share price is currently 20% discount to this time last year and we are still waiting for this rabbit to be pulled out the hat!

This rig nonsense has become very tiresome!

[shez20] 17/1/2019 16:11

Sherlock remember when you said last years agm would be significant and not just about getting the dilution passed, news was imminent in your words! Plenty of posters lapped it up, turns out I was right! Why will this one be significant like you state?

[billyrayvalentine] 17/1/2019 16:05

Edgein
17 Jan '19 - 12:34 - 88865 of 88868
0 4 0
Re-CLN, it'll be interesting to see what the 15 day VWAP is in April let alone July 19.

Regards,
Ed.


...speaking of which, I managed to figure out myself 15 days VWAP for first tranche 👍

[openfield68] 17/1/2019 13:18

3p and peace of mind? Absolutely

[htrocka2] 17/1/2019 13:16

'The facility, to be signed later this month, will be drawn in tranches as the oil field operator achieves certain production milestones and will be used to fund the on-going capital expenditures and working capital needs of the business....'

'will be drawn in tranches as the field operator achieves certain production milestones...'


It looks as if some upfront cash is required to reach the first production milestone.