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Sirius Minerals could be handed Government lifeline for cashflow problems

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BoJo the Clown wants to use taxpayer money to bail out private investors?

How very 'free market' of him.

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On 05/09/2019 at 13:45, dmedin said:

BoJo the Clown wants to use taxpayer money to bail out private investors?

The 'talk' of the government bailing out Sirius is just wishful thinking.

TeesideLive: Sirius Minerals 'may offer investor incentive' to solve cashflow problems

Buy bonds and receive free warrants which will convertible to shares.

DOI:  I'm short Sirius at 10.404.

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From Financial times before market open today:

image.png

 

This is not advice just news. 

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Ah yes, to be an 'insider' with that information to hand before it is released publicly.

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1 hour ago, dmedin said:

Ah yes, to be an 'insider' with that information to hand before it is released publicly.

The information was released before market open today, as soon as the auction period ended you can see that price movement. It's dropped a little but still up from market close yesterday: 

image.png

But the question is, will this continue to rise off the back of the news or was this a short lived bull movement?

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Posted (edited)
16 minutes ago, CharlotteIG said:

The information was released before market open today, as soon as the auction period ended you can see that price movement

 

From what I've seen such huge gaps are permanent and never get filled (most recently example was when Red Hat shares skyrocketed after the company got acquired by IBM), but retail traders never get to enjoy the big gains after the news is released.  Fortunate are those who were holding long positions overnight though :D

Edited by dmedin

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2 minutes ago, dmedin said:

 

From what I've seen such huge gaps are permanent and never get filled (most recently example was when Red Hat shares skyrocketed after the company got acquired by IBM), but retail traders never get to enjoy the big gains after the news is released.  Fortunate are those who were holding long positions overnight though :D

This is true. When trying to buy this morning, due to the large amount of buy orders and limited sell orders, you more than likely wouldn't have been getting last nights close :( 

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24 minutes ago, dmedin said:

 

From what I've seen such huge gaps are permanent and never get filled (most recently example was when Red Hat shares skyrocketed after the company got acquired by IBM), but retail traders never get to enjoy the big gains after the news is released.  Fortunate are those who were holding long positions overnight though :D

...unless AAL pull their offer

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Jeremy Naylor has done a short piece this morning speaking about the potential deal and what it can mean for Sirius Minerals: 

If you have Twitter, you can find the piece there. 

Alternatively, click here.

We also have a news and analysis piece with the video included. Sirius Minerals share price soars after Anglo American weighs £386 million rescue deal.

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