Sirius Minerals šŸ‘¾ ā› - SXX

That’s interesting. I’ve had shared since early 2019 and I didn’t get any information like this.
I’m too bothered in this instance, but this would be a great feature.

That is a massive administrative hassle though. None of the large brokers I have ever used bothered with offering these services to small investors.

I believe HL are, they will vote the way the majority advise them.

It would be a nice differentiating feature then, if there was some relatively simple way to vote in the app. Using a button or filling out a form, for example. Not sure what would be involved on the administrative side.

During a fractious shareholder meeting, at which security guards were drafted in to monitor ā€œcredible threatsā€ against directors, investors branded members of the board ā€œstupidā€ and called the takeover a ā€œbloody disgraceā€.

:grimacing: unsurprisingly it got ugly

ā€œThis isn’t a great price but it is the price,ā€ said Fraser, who acknowledged that his inability to secure financing to complete the mine was the ā€œgreatest failure of my careerā€.

:upside_down_face: sounds like Anglo are overpaying, he will take anything.

From

2 Likes

So it’s a done deal then and the takeover is going to go ahead.
Look at Sirius page on Twitter

2 Likes

I’ve owned this stock since the beginning of 2019, thanks to buying in the dips my losses only come out to 0.67%. whereas the stock actually fell from 50p to 5.5p.

I took a punt and bought at 3.8p.
Did watch it yesterday and I figured the chances of it being voted into collapse by silly investors, who were angry at losing their life savings, I sold it and made a small profit.
Would have made the same profit again if I’d held until today but I was happy to make a small gain rather than risk losing it all

1 Like

At the end I only gained 9%.

I bought more shares the day before yesterday, and today I have a small gain of 4%
Happy didn’t lose on this one

1 Like

If we are getting 0.055 per share from the takeover then I’ll make a small loss.
Wasn’t a big holding for me though, just something I would throw a bit into as a bit of a gamble.

edit: nvm, just did the maths and it looks like I’ll make a 2 quid profit. :man_office_worker: :chart_with_upwards_trend:

4 Likes

When will the 5.5p per share be credited to our Freetrade accounts?

Don’t think it’s due to be paid until 30th March, then I’d imagine Freetrade will need a few days to disseminate.

1 Like

thank you

The in-app message from Freetrade says:

The cash is due to be paid to us on 31st March and we will issue this to your portfolio shortly after.

1 Like

I’m looking forward to my Ā£1.65 for my 30 shares. That’ll get me a 4 pack of wispa with 65p to spare.

5 Likes

Ā£10.73 for me, on an investment of Ā£10 . The way the markets are I’ll take that thank you :slight_smile:

4 Likes

YouTube video on this project: https://www.youtube.com/watch?v=u0pI7BjBha8

2 Likes

Really haven’t heard much about the scheme since Sirius collapsed. Positive is pushed ahead. Video is PTSD for investors