Weāve tried to keep everyone as updated as possible using the in-app messaging but I appreciate it would be more convenient having everything displayed within the activity feed.
Corporate actions donāt currently appear in the activity feed, this is something our Engineers have on the horizon but itās not yet ready to roll out. We made the decision it would be better to offer this opportunity to shareholders whilst the activity feed was imperfect rather than not offer this event at all.
If required, we can at any point provide a transaction history showing how you reached the number of shares in your portfolio.
There are so many large potash companies already. This news article should not change your view. What was your rationale behind investing un SXX generally?
Yup, itās been a tough week for most stocks. Iām new to all of this and itās hard to be positive with the uncertanty of Brexit etc, but will be keeping with itā¦ Iāve always wanted to invest and when this app came along it was the perfect solution
This doesnāt look good does it? They have to sell the bonds in September or theyāre out of cash. And thatās conditional on the economic environment getting betterā¦
Buying SXX is not investing, but gambling. More like blackjack than investing in Coca Cola or P&G.
Thatās something all SXX investors should know before they buy. Itās a pennystock.
Same here, I think things might get worst before they get better but time spent in the market is better than trying to time the market. Plus my investment goals are very long term so Iām happy to ride out this Brexit / Trump tariff mess.
I completely agree that itās a huge risk but investors should do their research before investing in ANY stock.
With that in mind, itās worth noting this FT article states that āIf it does not issue the bond, Sirius will run out of cash by the end of September.ā
No I planned to hold it for the August RNS, I would have held for a few % drop, some of my shares are currently 12% down and Iām holding them because I donāt see them as a gamble.
I dropped Sirius because the sp tanked 30%, and then all the forums started filling up with the same old penny stock, get rich quick nonsense
āThis is a buying opportunityā, āfill your boots at these bargain pricesā, āI invested my life savings into this and Iām now down Ā£100k but Iām in it to the endā
Sound Energy followed the same route, same noises, same hopes to be rich off the back of a single penny share ā¦ and I lost Ā£1,000ās because I listened to the rampers and didnāt follow my plan.
So I sold Sirius not because it was a week later, I sold it because they dropped 30% and failed to raise the money they said they would and Iām not happy with that.
Personally I think Sirius did the right thing in pulling the bond issue if it was going to be punitively expensive in interest.
It leaves them at the mercy of the market over the next 2-3 months as there is no guarantee that the market will be any more settled come Sept (and it could conceivably be worse).
Having said which the fundamental concept behind Sirius is good and it is a pity that they got themselves in this mess with funding. Although it is a massively capital intensive project they donāt appear to have done a very good job in selling it to potential financiers.
