"This crap post of yours did cost me over 25k for selling Thursday and missing out the TH... this is a lesson to learn of who fingers can become shaky, for reading unprofessional advisors. Hope some of you don't get sucked in the future."
With respect, comments like this one, and a few others in response to TTC on this thread really aren't necessary, and the sooner we can all appreciate that hotcopper is not an investment advisory service, the sooner we will all benefit from its real value as an investor internet discussion forum - and acknowledge the disclaimer provided at the footer of every stock forum page on hc.
In regards to TTC's post I find no interpretation of any investment advice on offer - Imo, he simply raises a couple of valid points which has formed his opinion that SIR is currently over-valued. Importantly he also said, "Give this a week or two to settle down" so it would appear some of the posters here may be a little hasty in firing off the insults.
Imho, I believe TTC will be vindicated within the time-frame specified, and I certainly can't find anything convincing to sustain this rally, nor the current value of the company's securities.
All red hearts have earn't their colours through the respected following of hc members who have listed them as "favorite users" and imo the fact that we are offered contrasting opinions from a few of our red heart contributers, as well as other respected posters, only adds more value to the SIR forum.
On that note, and back on topic, can someone correct the following assumption if it is wrong...
Back in 2009 when Bennett, Ashly and Creasy etc disposed of the Apex (AXM) nickel assets to Croesus (now Sirius) in return for approx 70 million Sirius shares and 600 million unlisted SIR options with a 3c conversion price. They also reimbursed themselves for past costs associated to nickel assets, Mr Creasy also organized +250 million SIR shares as reimbursement for past exploration costs incurred on said properties and nickel interests which were transferred to Sirius.
I believe it was also stated at the time that the deal was structured in such a way so that AXM shareholders would benefit from any future success acheived from the SIR assets, however in 2010 when Mark Creasy purchased 600 million unlisted SIR options back from AXM for $450k, did this not essentially strip all AXM shareholder exposure from the nickel assets?
Mr Bennett also commented on Mark Creasy's purchase of the 600m unlisted SIR options through his Yandal Investments as "demonstrating his confidence in the company's future" but imo as he had already received reimbursement for past exploration costs on these assets prior to transfering them over to Croesus, doesn't it also demonstrate that either he had no confidence in his nickel assets in 2009, or that by purchasing the 600m 3c strike price SIR options off Apex, was simply a way of cutting AXM s/holders out of the previously structured deal?
