Tried to snaffle a few at 5p on FT but the orders were being rejected.
Wouldāve been up 200% if you could have got them at 2p 
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Might turn out to be a lucky escape!
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Future options I would guess will be rights issue, new share issue, bond issue (again) or some fat unsecured loan or a takeover.
All of these will either dilute or decrease shareholder value / potential future profits.
As noted above, i really think itāll likely go bust and someone will come and buy it that has the funding. Really not worth the risk, I think itās the standard investor buying them now that hasnāt got a huge idea on future options. Theyāve already said funding will have gone by March 2020, so they arenāt even a going concern anymore.
Ah damn! Iām glad I didnāt invest loads into it.
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Why did you try to buy with such a poor prognosis or was it just a hit or bust gamble they may creep back to 10p?
Also what happens if it does go bust?
Short term speculation. Although I very rarely follow that path nowadays for obvious reasons.
I only ask as I managed to buy another batch at the low price this morning. Itās a knee jerk gamble but if it tanks the losses are covered elsewhere.
I donāt think itās over yet for Sirius and I do suspect there is some underhand corporate strategy going on somewhere and itāll all end up ok 
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I agree, especially with all the hiring they are doing
I donāt have any involvement with the stock, but quite interesting this morning to watch the selling and buying frenzy which is taking place. - https://www.lse.co.uk/ShareTrades.asp?shareprice=SXX&share=Sirius-Minerals
This thread is an alarming example of how people try to bend everything in order to support their views. SXX could declare bankruptcy and people here would still throw their money at it because they cannot fathom that this is a shitty investment and that they made a mistake.
If someone wants to make money through investing, a realistic view is crucial. Everybody makes wrong decisions, donāt continue throwing money at it to save face.
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Oh you havenāt seen the LSE chat right now, just had a glance right now andā¦sheeshā¦those poor pensions!
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So many pages of comments on there from todayās news.
I hope that the people posting on the LSE forum are not being serious when they say they had their pension invested in such a risky project. Iām feeling really bad for them.
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I got my shares back in march, 20p a share. Then it raised to 25p and I thought I was a genius. Luckily I donāt invest heavily in minerals and futures.
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Some very sad posts around on these forums. If itās true one poster says he put his150k pension into a SIPP and then bought SXX. Others says they remortgaged to buy shares out family fortunes in.
Please everyone on here:
Life is better than money. No matter your loss.
Dont break the golden rules you know to be true when investing. Any company can go bust. That includes Apple or Amazon. This was such a high risk company. Dont lose sight of the principle rules of investing. Dont invest what you cant afford to lose and diversify!
I once invested 20% which was 3 figures back then of my portfolio in a stock. It went bust and it hurt. I learned loads from it. So learn from it. Penny stocks are gambles. Keep it to a flutter. If youāve made a loss imagine you had invested more. If you make a profit dont regret hindsight. Just because you hit success doesnt justify reckless investing.
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Thereās always a lot of hope and despair on that forum. So I had a quick look into their post history and unfortunately I think it might be true 
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I avoided investing not because I thought it would go bust but because I foresaw based on past history of SXX as well as what often happens with exploration companies a constant dilution of capital. For something that hadnt made a single penny in sales Iām so baffled why so many people saw that it would go into profit any time soon. I argued this on this thread months ago if you wish to look. I think I said Imagine at 20p it makes a 100% profit in 5 years and thatās a big if but you could make close to that by investing in the S&P500 for almost the lowest risk there is.
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Iād normally argue against government stepping in but I think thereās a genuine case here. Weāre talking about possibly tens of thousands of individual investors losing significant chunks of their pensions, and a loan guarantee that could easily make up for itself with just tax revenue after a few years. The only reason this isnāt being considered is itās a project outside of the SE that hasnāt turned over anything yet, otherwise it would get slapped with a subsidy instantly. Management is incompetent but this seems to me like the most common sense way of minimising the impact of that.
Compared to total UK population the % losing a large amount is tiny. Socialising their losses mean I should also be able to bet on a company and get a refund from tax payers if it doesnāt pay off
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Iād normally argue against government stepping in but I think thereās a genuine case here. Weāre talking about possibly tens of thousands of individual investors losing significant chunks of their pensions, and a loan guarantee that could easily make up for itself with just tax revenue after a few years.
No. 
It was on them that they made a wrong investment choice. At this point in time, everyone and their dog knows that they should diversify. They went all in either in stupidity or in greed. Why should I pay for their stupidity or greed?
Otherwise, then we should also be able to go all in in extremely risky projects and be bailed out if they fail, but not otherwise share the upside.
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