Sirius Petroleum Share Discussion Threads

[astralvision] 18/11/2020 19:49

Might hit a lot more than 2p if we get news of those bigger boats docking!I don't know, but it's probable, imo, that whoever is looking to buy at 1p is looking to do a lot better than double their money, otherwise I'm not sure if the risk/reward is worth it.And it also seems probable that whoever is looking to buy into what is a one way investment unless successful has an inkling or two of what could follow on.All imo.

[bleemster] 18/11/2020 19:34

I doubt it will hit 2pPeople who are selling are desperateAndPeople who are buying want a bargain and won't pay full face valueIMO

[deadly nightshade] 18/11/2020 17:19

I would imagine the jp Jenkins price would need to be up at 2p to see any possible larger share price sales,

[twodegrees] 18/11/2020 14:59

astralvision, very well reasoned points. Thank you.

[astralvision] 18/11/2020 13:54

What I would say is that if someone is prepared to pay 1p for srsp shares, that gives an enterprise value of something like £50m+. They ain't buying just for the ATOG deal alone, imo, least I hope not. It's a very useful starter deal and the deal has prospects. But I can't see someone wanting to lock away their hard earnt unless they believe there's quite a bit more to come, again imo.So perhaps something is stirring, beyond the very welcome recent news.

[astralvision] 18/11/2020 13:50

twodegrees I'm no expert on this . You suggest no buys were done at 0.7p, but there were, a matched bargain trade of approx 6.7m shares,at 0.7p and showing on the JPJ site.Perhaps the buyer or buyer(s) want more shares, no one coming forwards at 0.7p, so indicative price was raised to 0.9p and then 1p today. Bronislav raises and interesting point, perhaps an order is being filled as we go along, I've no idea what the reporting situation is at JPJ, but, eventually, if that is the case, we should see some reported trades.It could be no ones biting, in which case the indicative price could sit there for ages. We've had 9 months or so of nothing happening on the JPJ site so would be no surprise if it all went quiet again.

[aventador] 18/11/2020 12:49

Its like ebay then . Bid bid bid.

[bronislav] 18/11/2020 12:32

That's how I understand it Twodegrees but I'm no expert on these matters or maybe it's a large buy being met by sells on a daily basis until the buy order is filled?some of the order could have been filled at 0.75 and 0.9 and at 1p.As the share price rises the temptation to sell increases.I would suspect the buyer has seen a clear path as to what the future holds.Any dilution may be at a higher price so the buyer will likely have a limit on what is paid for the order.

[twodegrees] 18/11/2020 12:23

So bronislav, and astralvision, if I understand this, someone wants to buy, the price the other day was 0.70, no one wanted to sell but a buyer is in the wind, so price raised to 0.90, still no sellers, price raised to 1.00, still no sellers and so on and so on, until someone decides to sell, then jpjenkins can match the trade....

[twodegrees] 18/11/2020 12:18

astralvision...Thank you

[bleemster] 18/11/2020 11:54

I'm still a big loss

[bronislav] 18/11/2020 11:18

If you believe what could unfold here then 1p is a steal and no wonder there is no sells to meet the buyers.price will have to go up.very encouraging after 12 painful years.Only cheer has been this entertaining bulletin board.🤔

[astralvision] 18/11/2020 10:55

twodegrees Does this help?What is a Buy Limit Order?A buy limit order is an order to purchase an asset at or below a specified price, allowing traders to control how much they pay. By using a limit order to make a purchase, the investor is guaranteed to pay that price or less.

[astralvision] 18/11/2020 10:53

Hi qprI've got enough of the things as it is!Looks like there's the possibility of selling your shares for 1p via JPJ site, if that's any use to you.Good luck!

[astralvision] 18/11/2020 10:50

Thanks for that info Sherl0ck, very useful to know.So we have a buyer at an indicative price of 1p, just needs to match that up to a seller with the required volume or thereabouts and then we would have a trade.Least that is my understanding.

[qprallan] 18/11/2020 10:48

"qpr, what price do you want for your shares?"


Open to offers !

[twodegrees] 18/11/2020 10:43

sherlock, for the uneducated can you explain that (buy limit orders) because if none are listed how do we know what is going on

[sherl0ck] 18/11/2020 10:38

Astral - JPJ indicative price is determined by buy limit orders, regardless of whether they’re likely to be filled or not.

[xerot] 18/11/2020 10:34

Lol bummer, try getting a dry fixed valley in a tesla

Bad looking vehicles, its like they say you can have an electric car but we are going to design the worst looking thing imaginable.

[aventador] 18/11/2020 10:08

Who wants to buy my shares for 2.5p let me know.I'm driving a hybrid today surely a better compramise,ban smelly polluting buses and old vans yes but not clean modern cars.Plus all these electric cars look bloody awful.

[astralvision] 18/11/2020 09:20

I presume so.Perhaps somebody has read the deal and said slap me shares up there, I want 1p, or perhaps someone wants to buy and has said I will pay a penny.Who knows. Unless we get some trades through then the indicative price, whilst encouraging, is pretty meaningless.

[astralvision] 18/11/2020 09:18

That would be new petrol and diesel cars then, not the existing cars still on the road.Then the ban doesn't apply to hybrids, so effectively most cars will still be powered by petrol/diesel.Certainly changes are coming, but as we're munching through 97mmboe every day then the demand for oil is not going to stop any time soon.Plenty of time for srsp.

[bestdeal1] 18/11/2020 09:07

presumably though, there must be some kind of action going on in the background to warrant the indicative price changing.

Maybe they are wrangling a sell of a large volume amongst smaller buys. (i.e wont post until the full volumes are matched)

Alternatively it could be that the office cat just ran across someone's keyboard.

[bumhammer] 18/11/2020 09:02

Haha whatever Rich, have a nice day