Sirius Petroleum Share Discussion Threads

[shez20] 29/8/2020 08:16

Again xerot bang on mate!

[shez20] 29/8/2020 07:27

Rosso he has stated what he thinks will happen. Are you just choosing to ignore it as it doesn't go with the rumours being spread behind the scenes here?I’d be pleasantly surprised if there’s a ‘pull the rabbit out the hat’ announcement tomorrow. I doubt it though. I met Antenna a few years ago and I’m sure he had good intentions when he made his August prediction. Things may well have since changed/slipped.... they typically always do in the O&G world, especially considering the recent market upheaval we’ve witnessed.I hope there are cruise ships on the horizon but for starters I think we’ll most likely finalise an oil-focused asset or two before coming back to the market. All the talk of an imminent takeover, Dangote, Sirius Funding plc $10bn, ‘whole 1st floor’ of 25 Bury St, doing 241, Equinor etc is well off the mark in my mind.

[aventador] 29/8/2020 07:22

BumHammer?28 Aug '20 - 22:51 - 104668 of 104669 (Filtered)This makes me laugh filtering this mug! Hahahhahahahahah.

[dr rosso] 28/8/2020 23:38

Next stop, $85m. For 109 and 114. They don`t know the meaning of "adjacent" but sure can bash out some high numbers.

News next week, or is it going to be Q4? Etc

[bumhammer] 28/8/2020 22:51

Fanny batter

[deadly nightshade] 28/8/2020 22:28

Let the games play out then I rekon news will out

[1sonic] 28/8/2020 22:02

That’s funny Aventador

[aventador] 28/8/2020 21:46

Where's all our money gone!Zero assets to show for it the only one we did have went up in smoke!

[htrocka2] 28/8/2020 21:02

yep... CapInvest $80m, Glencore $65m, REYL $100m, BP, £20m.....all these sound fantastic, but as the promises failed to materialise and financial plugs were pulled what are we down to and who are we currently borrowing from......LFC,(LOG) whose directors are currently charged with fraud and 'Wonga'...dear oh dear. ie, crooks and gangsters.

[aventador] 28/8/2020 19:49

They've bled us dry that's for sure.

[dr rosso] 28/8/2020 18:31

Alpha cowboy outfit couldn`t lose. 90m shares converted at average 0.45p and sold straight back into the market at 0.9p. No-brainer, candy off a baby. Pocket near on half a million quid for 1 month`s "work" at no risk. Basically it was a sly freebie handout for someone hiding out at the Norwegian end. Lend £400k in Jan and get £800k back in Feb. A real wonga job, this deal was so awful for Sirius and its shareholders that there has to be a better explanation than simple desperation for cash.


Other investors not too impressed.

[htrocka2] 28/8/2020 14:46

just one more go at this....



'Nobody issues a loan without some kind of security behind it. Alpha dished out £1.75m and within a month made £400k for themselves by converting and selling 90m shares. Norwegian bung?'


So what you're saying is that the shareholders were the security for the loan?, however, as pointed out above... at the JP Jenkins share price ...there was no point in selling.


So we can assume that 'wonga' were offered and acceptedd some form of collateral after all.

[qprallan] 28/8/2020 14:12

"if it were true I think shares would be trading on JPJ"

Very true. Thats where I would go to buy if I was positive. Instead my shares are still there and available and no interest at all.

[bestdeal1] 28/8/2020 14:07

if it were true I think shares would be trading on JPJ

[dr rosso] 28/8/2020 14:01

Sherl0ck back on form telling everybody what ISN`T going to happen.
How about coming up with something useful for once?

[dr rosso] 28/8/2020 13:55

"There has been a very slight delay, but it's on it's way."


yagorralaf


All on for Q4, then?




Actually, more than one person is indicating first week in Sept.
We shall see .........

[captminion] 28/8/2020 13:45

Helloooooooooooooooooo finally the pennies dropped !

[htrocka2] 28/8/2020 13:30

DR...


'Nobody issues a loan without some kind of security behind it. Alpha dished out £1.75m and within a month made £400k for themselves by converting and selling 90m shares. Norwegian bung?'


Do you know for certain that they sold within the month?.....for the company to issue shares below par, with no 'lock-in' period, knowing that they are to be 'off-loaded' at the higher price is...not only robbing the existing shareholder via dilution...but sounds dishonest.....if this is so...maybe we have things to worry about.

[htrocka2] 28/8/2020 13:17

Shez20..'How they show their faces at AGMs is beyond me'....they'll be all right this year, like bandits,. they have to wear masks.

[vatnabrekk] 28/8/2020 12:34

I agree qpr, it seems fairly safe to assume that the moratorium is reference to the $10M loan for the "Additional Producing Asset" i.e. OML 114. I don't see how anything that JC said (in the quote above) could be construed as referring to the $15M working capital facility.

Incidentally regarding the $10M loan from Barak, this is not a risk as far as Barak is concerned because they will have the security of the SRSPs share of OML 114 as well as the earnings from the project if the deal goes ahead, and if it doesn't go ahead then the funds can be returned to Barak out of escrow.