Sensible.
The LSE share chat is a shitshow. When the Sirius boss criticised online forums, he was clearly talking about LSE.
Congrats to those who took a punt on Sirius after their share collapse. Maybe you’re going to stay in a bit longer hoping for a counter-bid. Either way, you knew it was a gamble.
The LSE share chat is full of those adamant that going all in on a speculative mining stock is an “investment”. It’s full of conspiracy theories and people begging the government for money.
4 Likes
This looks good. I’m long with Sirius, I also bought in the dip, I’m down 2% total.
Tempted to sell now before these buyers back out.
1 Like
The Sound Energy ( SOU ) board on LSE is insane. As you might expect for a share that has gone from £1 → 2p in three years.
1 Like
I was able to sell out of my position today and at a healthy profit.
5 Likes
2 Likes
We are almost down the same %. I only bought £5 worth as my first purchase on FT to test the process.
1 Like
What are the likely outcomes for shareholders here?
@AchillesFirstStand assuming all your shares as in Freetrade then the answer is no, you probably cant vote against the takeover. I don’t believe Freetrade has set up corporate actions for anything listed on here - thats not unusual though.
Just out of curiosity, why would you vote against it? It seems like a good offer or option for shareholders?
I’m in a similar position, holding shares at an average of 17p. I’d probably vote against it. In a weird way, I’d rather see my investment go to 0 than accept an offer way under what I bought it at. I always knew it would be a ‘boom or bust’ investment and I’d rather see it though.
On the other hand, accepting the deal will (hopefully) secure jobs and reduce the risk of bankruptcy, so I recognise there are plenty of reasons to accept the deal for the people directly impacted. At the end of the day, I’ve invested an amount that will not affect me in any way materially if it goes to 0, other people won’t be so lucky.
1 Like
Most people bought for way more than the 5.5 p per share offer and would be forced to realise loses. some people rather keep the high risk high reward now that their investment is -80%
2 Likes
Some textbook loss aversion behaviour around this stock ( perhaps understandably )
3 Likes
I sold my small holding the day before🤦♂️
Then bought back in thinking it was on the rise 
So I took a small loss and now I’m out 
I wasn’t being too serious, I also know that Freetrade doesn’t support shareholder rights for shareholders, currently. If I did have the choice, I would most likely vote against the buyout. The buyout offer does give me some confidence that the project has potential, maybe not with current management although, and there may be an opportunity for Sirius to raise funds without having to sell the company.
Either way I’m interested to find out what happens when shares got to zero or when they get bought by another company. I wasn’t really treating this as an investment, just threw in all the change in my account ~£20. It’s also quite an interesting project in general.
2 Likes
After following the hype here on Freetrade I bought in at close to the bottom and sold yesterday. Too many M&A’s fall through to not take profit from my POV. Good luck to those staying in. 
1 Like
Thanks you. I bought more.
Actually, :freetrade: has asked us to vote on other corporate actions such as the just eat takeover. I don’t know if there is anything specific about each case to which ones get voted on
2 Likes
@Viktor Please can you confirm how Freetrade will manage the takeover? Thanks
2 Likes