Sirius Petroleum Share Discussion Threads

[bronislav] 25/9/2020 19:06

What would you call it captminion? Can change it to most misleading if you prefer.

[1sonic] 25/9/2020 19:00

My accounts were due in July and companies house automatically moved them on a few months as the timeline got closer so suspect the same happened with Sirius - covid related.

[vatnabrekk] 25/9/2020 18:38

Well, with 9 Billion of bonds, they shouldn't have a problem funding $40M worth of drilling operations.

[bronislav] 25/9/2020 18:21

Shez.I am as frustrated as you and for sirius to give 50% of the company away s significantI hope it is the last dilution and then onto progress.I don't have as big a holding anymore but I know some that do so for all the holders I hope we get rewards for unbelievable patience.If it were not for those 9 billion worth of bonds I would have written it off but it's clear to me they are what Berkeley Square was all about with Simon hawkins the valuation man alongside graham lyons the technical oil and gas man and Mr neal the bonds expert.The starting point will be first asset if rumours are correct but I won't be surprised if we hear nothing.Whoever picks those dilution shares up will want at least double so perhaps an exit point for some but I will see it through to its conclusion just in case ,but if it goes bust I won't lose much sleep purely because like most I've dealt with the going bust scenario.

[twentysixpointtwo] 25/9/2020 18:06

It’s got massive anti climax written all over it. Just wait and see.

[vatnabrekk] 25/9/2020 16:59

I sent another email to Companies House about the accounts deadline. I've had a response to say that it has been passed on to the relevant team, and that they have been asked to respond within 10 working days. Of course that takes us beyond 30th September which is the date that I believe would be the correct accounts deadline.

We will see what happens. You never know, they may publish the accounts by 30th September anyway!

[deadly nightshade] 25/9/2020 16:37

Vat I think one of the hopes were seeing the end of year results by end of September but the bit of research you done about possible results now end of December has probably played into their hands and given another reason for further delay. Antenna and Sherlock went very mute when they were asked about time frames for these hyped cruise ships which I suppose was a hint in itself even though they were said to be approaching fast and that was about a month ago

[shez20] 25/9/2020 16:34

So was we all vatna! Just one big disappointment here after another

[vatnabrekk] 25/9/2020 16:31

Well I really was hoping for something to come out this week.

[shez20] 25/9/2020 16:18

Think the cruise ships sadly were last seen heading towards the Bermuda Triangle!

[shez20] 25/9/2020 16:15

For what it's worth I am hoping we do not come back to market with the single producing asset and we stay suspended until another is finalised least that would put the share price in a respectable place for people who want out then and I see no reason to come back to market if we are close to another asset so if we do it tells you the state of play here

[bestdeal1] 25/9/2020 16:04

bleemster25 Sep '20 - 12:58 - 105635 of 105644


My bad, typo. Should have said NO in the knows are buying.

[shez20] 25/9/2020 15:51

Final boot fill yeah Rosso ;)

[qprallan] 25/9/2020 14:34

" Lets settle on around 2.5bn going out on the cheap to a favoured few, prob around the 0.5p mark, giving a new total of 6bn."

If that price excites you then you can have mine. Mr Jenkins will sort it for you.

[bronislav] 25/9/2020 14:33

Whoever picks up those shares in the dilution will know what their worth will be.I suspect the rumour mill in the knows have little idea what has been put together by sirius.The board lead us all down the path they choose with a few carefully placed rumours.

[aventador] 25/9/2020 14:33

Jenkins platform is useless we need to be trading on the main market whose gonna be buying shares now while we remain largely in the unknown with only rumours to go on.

[dr rosso] 25/9/2020 14:27

Resolution 4: authority to allot shares. The Board is seeking, by resolution 4, to grant a new authority over ordinary shares up to a maximum nominal amount of £5,533,949 representing approximately 60% of the Company’s issued share capital.

Resolution 5: dis-application of pre-emption rights. The Board is seeking, by resolution 5, to obtain a power to grant ordinary shares without ofering them to existing shareholders in accordance with pre-emption rights,which
would apply in circumstances where:
1. the allotment takes place in connection with a rights issue or other pre-emptive ofer; or
2. the allotment is limited to a maximum nominal amount of £2,766,975, representing approximately 30% ofthe nominal value ofthe issued ordinary share capital of the Company.


Res 4 = an extra 2.3bn shares
Res 5 = an extra 1.1bn shares

If they all get issued, we`ll be up to 7bn fully diluted. Lets settle on around 2.5bn going out on the cheap to a favoured few, prob around the 0.5p mark, giving a new total of 6bn.

[shez20] 25/9/2020 14:15

Probably because the ones in the know will be in on placing coming our way which will be done at cheaper than what you can grab them on there for!

[qprallan] 25/9/2020 13:24

That to me makes no sense. No interest at all on the Jenkins site suggests that no one knows anything. I find that hard to believe. There are always people in the Know with more leaks than Wales. All these rumours and research would be more re-assuring if we saw some action on the Jenkins platform.

[deadly nightshade] 25/9/2020 13:23

One thing here is the bods 1.12p options. Millions of them and that's one big payday if they pull off something here. Surely enough of a incentive to get something signed and sealed here

[bleemster] 25/9/2020 12:58

Wouldn't there be buys if that was the case... orders been sat on there for months with no takers! Surely the "in the know" would have snapped them up? Surely?