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Sortie Posted on 11/10/2018 14:32
Sirius
 
 
Why is the price of shares dropping?
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boromike85 Posted on 11/10/2018 14:34

Sirius

 
Shares in everything are dropping. Market hit by US Fed increasing Interest Rate coupled with international trade wars.
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Emnes Posted on 11/10/2018 14:45

Sirius

 
Cost of the mine has increased $400-600m
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Jostler Posted on 11/10/2018 14:46
Edited On: 11/10/2018 14:56
Sirius

 
Been a fair fall over the past few weeks and it's annoying me that've just moved house so have no cash to average down.

Global markets are falling all over the place, and naturally a knock on effect.

Saying that it's currently ahead of the Ftse today though.
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clive_road_stamper Posted on 11/10/2018 15:32

Sirius

 
Yes its nothing to do with Sirius its all those Americans raising interest rates.
And all those Chinese putting tariffs on things

Average down !? - you need to read a book.
But at least you got no money do that. So every cloud.
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bear66 Posted on 11/10/2018 15:35

Sirius

 
Americans start a trade war. Sorry, US President starts a trade war. I'm sure it's good for business and his economy is boomimg.
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Jostler Posted on 11/10/2018 15:46

Sirius

 
"Yes its nothing to do with Sirius its all those Americans raising interest rates.
And all those Chinese putting tariffs on things"

The extra costs for the mine have of course significantly reduced the SXX share price over the the past month, however this has over the past few days been compounded by macro-environmental factors!

I believe in the project, so yes I will average down my share price as I see this price as a serious discount vs what it will be in 3-4 years
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clive_road_stamper Posted on 11/10/2018 16:03

Sirius

 
as Ive said before wait a bit longer and you will be able to buy them even cheaper
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1finny Posted on 11/10/2018 16:06

Sirius

 
Rights issue [?]
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Jostler Posted on 11/10/2018 16:15

Sirius

 
"as Ive said before wait a bit longer and you will be able to buy them even cheaper"

I'm happy to drip feed each month and go from there. Attempting to time the market as a whole is not something I want to look at.

I will keep extra in reserve in cash, if I feel there is a substantial unwarranted drop further, then yep I may bulk buy.
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coluka Posted on 11/10/2018 16:58

Sirius

 
Clive in all fairness you said they would be 20p come the end of last month, they rose to around 30 p in fairness

The last week has seen world fears of a financial crash and currently cash is king. My view has always been that this is a long term hold. Markets are poor thanks to Trump and his cronies. I agree with Jostler it is a deecent buy and oversold at present. Stage 2 financing is the next big key moment. The mine will get built I have no doubts on that. The biggest concern is a takeover as things stand. Either way price will be upward. However the hope is that stage 2 financing is arrived at without a takeover attempt.

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clive_road_stamper Posted on 11/10/2018 22:09

Sirius

 
I did col - and they are closer to 20 than 30 as of today. of course I was exaggerating for effect. I am surprised you think a takeover is on the cards as you have always expressed complete faith in the current owners. And if it happened wouldn't that shake that confidence.

Incidentally the moves in the FTSE100 and US have only a small affect on small cap shares like this one.
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clive_road_stamper Posted on 11/10/2018 22:16

Sirius

 
"Either way price will be upward. "

Misplaced confidence is the quickest way to lose money. There are many examples of stocks becoming 'good value' only to dwindle into obscurity.
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redwurzel Posted on 11/10/2018 22:48

Sirius

 
This share will be volatile and drop more than average when the market drops, because it is a speculative share. I always said this until it is making profits.
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coluka Posted on 12/10/2018 03:50
Edited On: 12/10/2018 03:51
Sirius

 
Clive you really do not talk the talk.

Sorry but you are just a specutalive chancer.where is your substance please?

I will look forward to hoofing this more than you will I suspect, post saved for the future. I have always said this is a long term hold .
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coluka Posted on 12/10/2018 03:55

Sirius

 
Oh, a takeover if it occurred would double the current price at least, it would not shake confidence. No, i dont think it the most likely outcome by the way. DO NOT put words in my mouth [:o)]

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big-eggo Posted on 12/10/2018 08:01

Sirius

 
This is a long term project. Gloating over gains and bleating over losses is pointless. If the recent shifts are getting your gander up - then your are not just investing in the wrong company - you are in the wrong game altogether and should go back to stuffing you money in the low yield mattress that is a savings account - IMO.

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clive_road_stamper Posted on 12/10/2018 09:29
Edited On: 12/10/2018 09:32
Sirius

 
calm down col

"where is your substance please?"

Well the substance is the current price which by definition represents all the known knowns.

Where is your substance for claiming I am a speculative chancer ? I may well ask

And yes I agree a takeover could potentially double the price.

But some time ago -and I think it was you -that expressed massive confidence in the current owner. That is why I asked if it was a confidence shaker for you if he would no longer be the head man .

Im not sure why you have me down as a chancer I have no interest in Sirius short or long and I really love the idea that they can bring some prosperity to the area.

I started off with this whole Sirius thing as a counter ra-ra mentality which was prevelant over the last 12 or so months on this board and was presented as a one way ticket to riches by some and I hasten to add not you.

So far no easy riches have been made by the buy and holders
But for good news they are up a little bit today
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pallister1 Posted on 12/10/2018 19:11

Sirius

 
Bought back into these later today so fingers crossed [:O]
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