Seems we are into a Mirror Image of Sirius Just like Segue has...

Seems we are into a Mirror Image of Sirius

Just like Segue has done -

Sirius….

On 22 Jan 2010 Sirius instigated a share buy-back plan which was FOC to Small Shareholders for any “small unmarketable parcels” of Sirius Shares in their possession.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01031071

Eleven Months Later….

On 17 Dec 2010 Sirius announced a 20:1 Consolidation of Sirius Shares in Issue’

Going down from 1642 million to 82.1 million (SEG now has 1743.6 million SII)

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01134210

Eighteen months later…….

On 26 July 2012 Sirius announced the Nova Discovery as a result of RC Drilling.

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01316643

At the time of this announcement Sirius SII had grown to 150.9 million Shares in Issue.

http://www.asx.com.au/asxpdf/20120719/pdf/427gyp8v9x8hts.pdf

The Sirius SP went to $2.80 by end September 2012 on declaring the Nova Discovery……

and to $3.50 by Feb 2013 on the Bollinger Discovery……...

http://hfgapps.hubb.com/asxtools/Ch...&pma1=0&pma2=0&volumeInd=9&vma=0&TimeFrame=M4


SEGUE Now has 1743.6 million Shares in Issue

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01529833

If SEG Consolidated TODAY at 20:1 - 1743.6 million becomes 58.25 million SII

If it was possible to announce a Nova Scale Discovery TODAY

(Without of course having done any of the pre-requisite RC Drilling !!)

Then the SEG SP “could” be $2.80 x 150m / 58.25m = $7.25

(That’s $0.36 in the current unconsolidated form !!)

Other Calculations are available – DIY !!....

GL – Oilf.