Sirius Petroleum Share Discussion Threads

[aventador] 30/6/2020 21:57

Can guarantee this time next year we will still be locked in this awful firm still none the wiser.

[deadly nightshade] 30/6/2020 16:59

Yep this lot have not got it in them to actually release some news that would benefit the share price in any proper way. Everything since I have been invested here has just been a whole lot of messing. Nothing of any worth has ever been revealed by this lot they just seem to love going around in circles

[xerot] 30/6/2020 16:11

These guys haven't actually done an update that has been correct, ever.

[doug51] 30/6/2020 15:10

Dr lol More chance of getting snow tomorrow than update.

[dr rosso] 30/6/2020 14:58

Yep, really looking forward to their update tomorrow. Letting the shareholders know. What any decent Company would do.

[htrocka2] 30/6/2020 14:22

I was in GRL long before I first bought into SRSP. GRL are only now getting their act together and on the up.

[xerot] 30/6/2020 09:46

Agreed Shez we seem to be the relish on their juicy fat burger and they are gobbling us down like a tramp on a newly discovered half eaten hot dog.

[vatnabrekk] 30/6/2020 08:43

I agree HT.

[htrocka2] 30/6/2020 08:28

Let's put all our differences to one side today and wish the team the best of luck with the court case ... It's important day for srsrp.

[xerot] 30/6/2020 07:52

Crazy how they are continuing to get away with failure.

[aventador] 29/6/2020 21:28

This firms so bad it even makes TSTR look good.

[dr rosso] 29/6/2020 20:48

If they raised 20p to use the toilet, that would be some achievement for this lot.

[xerot] 29/6/2020 20:21

I reckon if these guys went for a job interview at willesden bus garage toilets they would get turned away.

[1sonic] 29/6/2020 17:53

Wash your mouth out 5cer....

[5cer] 29/6/2020 17:16

We have a useless board of directors fronted by a Nigerian scam artist. We stand no chance of prosperity.

[deadly nightshade] 29/6/2020 13:58

Other aim oil firms seem to be doing ok on raising their share price on the back of nothing but talk maybe this lot should takes some lessons, thing is though I think no matter what they come out with if pass experience is anything to go by the share price usually just drops here. We need a bunch of winners running this not a bunch of never beens

[shez20] 29/6/2020 12:15

Yeah in mid March, three months after the AGM!

[vatnabrekk] 29/6/2020 12:07

In between the AGM and now, CIOVID happened!

[dr rosso] 29/6/2020 09:33

$80m from Capinvest; $100m from Reyl; $85m for 109/114; $20m from BP for Ororo; $25m from Barak.Do they just make up these figures, because, with conditions attached, nothing ever seems to materialise?

[htrocka2] 29/6/2020 09:12

I took this from the SOLO rns today....a similar update from srsp would be appreciated.


(SOLO rns) Corporate update. (tagged on the bottom of some negative news...yet the share price rose 4.76%)

The Board has acted rapidly in response to COVID-19, taking a number of immediate measures to manage the Company's cost base and cash flows to ensure resilience. The Board is highly focused on cost discipline and has made considerable progress over the past 18 months in reducing the Company's normal course G&A, accelerating an aggressive cost cutting exercise in recent months in order to preserve the Company's existing cash position. These actions have included:

· c. 50% reduction in Directors' fees in February and March 2020;

· 100% reduction in Directors' fees since April 2020;

· Executive Management unpaid since December 2019;

· implementation of a share option scheme in lieu of fees for the Board and Executive Management which will support the Board's desire to preserve the Company's cash position;

· reduced costs further by transitioning finance function to a fully outsourced third-party service provider; and

· Romina Mele-Cornish will stand down as CFO (currently a non-Board position) from 30 June 2020.

The Company has been working to adopt a plan that will help to conserve the Company's cash position in the near term and seeks to maximise alignment between the Board, Executive Management and the Company's Shareholders. Accordingly, the Company proposes to grant the following nominal cost options ("Director Options") over new ordinary shares of 0.2p each in the Company ("Ordinary Shares") to Directors and member of the Executive Management team (excluding Alastair Ferguson). The Director Options have been granted over a total of 8,990,039 Ordinary Shares and have an aggregate value equal (on a net basis, after deduction of the nominal exercise price per Ordinary Share) to the salary and/or fees due to the relevant option holder up to 31 May 2020.