Sirius minerals shares

[tallyhojim]

I'll take a dozen!

[Realwealthuprising]

8 hours ago, tallyhojim said:

I'll take a dozen!

I think you should, Sirius Mineral is a classic buy and hold! As in buy and hold your breath as the numbers keep getting closer to 0 😱

[vand]

Don't end up like these "investors":

https://www.gazettelive.co.uk/news/teesside-news/gutwrenching-how-dream-sirius-minerals-16988585

Should've just stuck to indexing? If they sell up now before it goes to zero and stick what's left into a good tracker it should only take 40-50 years to get their money back

[Bullionaire]

1 hour ago, vand said:

Don't end up like these "investors":

https://www.gazettelive.co.uk/news/teesside-news/gutwrenching-how-dream-sirius-minerals-16988585

Should've just stuck to indexing? If they sell up now before it goes to zero and stick what's left into a good tracker it should only take 40-50 years to get their money back

Crazy that a lot of people in the local area put most of their money in the mine just because it's local. No thought to diversifying, or the fact that it was miles away from making profit. There should be more education on investing to stop people unwittingly flinging their money away like this

[silvernewbie]

Unbelievable people put in their life savings into an AIM share!! I put in around 2-4k but at the very early stage eg 2010-2012 but this was a small part of my portfolio i could afford to lose.  Most of my portfolio ie 70-80% is in trackers

also the company isnt yet dead, the potential hasnt changed its just down to CF to find a new way of funding, with the orders the company already has it should help persuade investors.  Positive news will send this to 10-20p again

[TopHatsTales]

There are a lot of people, who, having slept on yesterday's news, are feeling ruined.

The lse forum makes for sad reading.

I got into Sirius years ago, maybe 10+ years ago. Back when RRL was the next big thing, pffft, what a joke AIM is.

Mine saved, jobs created, but private investors lose big time. Sadly, that includes a lot of locals, who maybe rushed in, with everything, believing the dream.

Anything outside of the FTSE100 just seems like a casino. 

[Martysmith]

I see a lot of people have jumped ship, some suffering upto 80% losses. Very sad for them indeed. 

I am in a better situation as I bought in recently at 2.98p. Although I have made a decent profit I don't believe this is the end and should bring out other interested parties and prompt them to make an offer, so I'm holding. 

[ittle5huggy]

Let's see Majority conservative government.... North east large potential yield company and employment (read northern power house and votes) requires a gov guarantee backing on a bond issue to bring into production..... I'm holding clearly an early move by Anglo is a speculative vulture move to try and rock smaller retail investors into either bailing now on the rise due to news allowing them to hoover up more giving them more voting rights... standard hostile takeover bid... several RNS on the matter good reads also as SXX digs it does produce which would mean a level of production that could generate revenue from the already many MCT of forward TAKE or PAY contracts signed 😕 but as the BIG @5huggy would say wat duz I nose

 

[SilverPirate007]

I was lucky as I bought more when the shares reached 3p, overall my cost is around 7p so a little loss but not as bad as it could have been. I have now sold up and moved the relatively small amount of money back into FTSE 100 stock.

[kimchi]

Not much time left on this one, it seems to me that the fat lady is out the back warming up her voice...

Folks are appealing to Sharesoc who seem to be doing something (well at least a letter to the BoD), seems a little bit too late to me, and many are very much more than 'seriously worried' here...

[kimchi]

https://www.lse.co.uk/ShareChat.asp?ShareTicker=SXX&share=Sirius-Minerals

[Realwealthuprising]

55 minutes ago, kimchi said:

Not much time left on this one, it seems to me that the fat lady is out the back warming up her voice...

Folks are appealing to Sharesoc who seem to be doing something (well at least a letter to the BoD), seems a little bit too late to me, and many are very much more than 'seriously worried' here...

Some deserve sympathy like the locals who were not wised up on investing risks and got sold a dream.... others have been wreckless and should have known better but were too greedy. Its the same old story of greed and naiivety leading to great losses.

What happens next is anyones guess but the whole process from start to finish with Sirius is a very good lesson for all on managing risk and investor psychology.

 

[goldking]

A friend of mine got into this in mid 2016 when it was about 20 a share and put a ton of money in, assuring me he'd read all the blurb and it was 99% a dead cert to get very rich.  He did make quite a nice paper profit from it when the price went up a couple of months later and he came very close to convincing me to chuck in a bunch of money and ride the wave.  Very glad that I decided to go with my gut feeling and walked away!

[kimchi]

4 minutes ago, goldking said:

A friend of mine got into this in mid 2016 when it was about 20 a share and put a ton of money in, assuring me he'd read all the blurb and it was 99% a dead cert to get very rich. 

Folk will be making absolute fortunes on this for a hundred years to come...alas it's not looking very likely it will be all the 'little men and women' locally who were sold the dream and actually funded and supported the project for planning etc to get it this far.

Yes people have been foolhardy and extremely naive but looking back there is 'quite a lot' that doesn't smell right here, which is why folk are going to Sharesoc.

[vand]

If you are sitting on any paper profit then count yourselves very good lucky - you caught the dead cat, but it's not generally a winning strategy for the amount of risk it carries. 

There is a huge difference between buying a solid & proven dividend paying bluechip stock and a mining startup whose first pound of revenue is still years into the future. 

 

[vand]

On 25/01/2020 at 20:26, kimchi said:

Folk will be making absolute fortunes on this for a hundred years to come..

yeah.. the bondholders rather than the shareholders 

[kimchi]

I would be interested to see the 5 page letter of questions and concerns Sharesoc has sent the BoDs if anyone has a copy?

2 hours ago, vand said:

yeah.. the bondholders rather than the shareholders 

Except Chris Fraser with his free shares...OK he won't make billions now but I wouldn't say no to £7m myself, especially if I hadn't done my job properly

[ittle5huggy]

9 hours ago, vand said:

If you are sitting on any paper profit then count yourselves very good lucky - you caught the dead cat, but it's not generally a winning strategy for the amount of risk it carries. 

There is a huge difference between buying a solid & proven dividend paying bluechip stock and a mining startup whose first pound of revenue is still years into the future. 

Or you played it and kept an eye on the short and long plays.... solid divi payers aint a sure bet either most are leveraged to hell if you pick a stock on divi yield without doing yer research your in the same position as a pure punt on a speculative... I'm a "LUCKY" one as I did my research and watched the big money players.... I feel sorry with those who thought it may be a retirement plan, however the fat lady aint sung yet, still needs a share holders vote for it to be accepted, also government intervention post end of this month is potentially more possible, in my current holding carrying a nice bit of red, but thats on this cycle.... through it's time I'm up so me I'm sitting still ...... as the old saying goes in for a penny in for a pound, I know the risks which is why I hedge with shinny and other commodities, if your going to play in stocks and shares you have to be prepared to follow the teachings of Kipling's "IF"  and also keep your eye on whats going on in the world..... lets see what happens when the derivatives market implodes 😕