Following the update in May, the Sirius Claim Group has been working with potential legal partners to consider potential claims.
There are a number of different claims that are being considered but, in all cases, they must pass the significant challenge of not only being considered technically viable by both legal and financial partners but also, that any derived awards/damages/compensation must substantiate the time, effort and risk of pursuing. It follows therefore, that reviewing potential claims is a time consuming and very detailed piece of work but we are confident that this stage of the process will be concluded by April next year. We would also remind readers that despite all the hard work that has been done so far, there is no guarantee that a viable claim as outlined above will be found.
As we enter this final period of review, the more information we have to corroborate what we know, the better. Therefore, we would welcome contact from any previous employees of Sirius Minerals if they have any information to share, this would be confidential and can be anonymous. Simply email us at: siriusclaim@montana55.co.uk
We truly appreciate that it is frustrating for ex-shareholders that we cannot provide further detail at this stage but, this is to ensure that we do not prejudice any claim(s) and we ask for your patience and understanding.
For those that have followed the related news over the last 20 months you will have seen that Anglo American have now removed Chris Fraser from the project, meaning that all the original management has now been changed. Additionally, they have made both financial and timescale reassessments of the project. Maybe they also now think that everything previously stated was not necessarily correct.
Wishing everyone a Merry Christmas and a happy New Year
Best regards,
Paul Anscombe
Chair: Sirius Claim Group
20 December 2021
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Group description: | SIGnet Taunton is a new group with around 10 keen members at present, with a range of investment styles and experience. We welcome new members. |
Meeting Type/Venue: | In person meetings at a golf club near to the centre of Taunton. |
Meeting Frequency/Timing: | We meet on the first Monday of every month at a golf club near to the centre of Taunton, 11am until 3pm with a lunch break. |
Group description: | An online group for those who are new to investing, or have only been investing for a few years. Including topics such as: – What is a share or a bond, why and how to buy them. – Comparing funds, unit trusts, Investment trusts and exchange traded funds. – Portfolio management and diversification. – ISAs, pensions, SIPPS and how to save tax. – How terms such as PE ratio and dividend yield are used to value a share. – How to use technical analysis or charting. |
Meeting Type/Venue: | Online using Zoom. |
Meeting Frequency/Timing: | Meetings are usually held on the last Monday of the month at 7:00pm. |
Group description: | An online group for those who already have some experience in investing. Covering topics such as finding companies to invest in, financial statements and ratios, valuation / margin of safety, analysis of companies and investment trusts and exchange traded funds. |
Meeting Type/Venue: | Online using Zoom. |
Meeting Frequency/Timing: | Meetings are usually held on the last Wednesday of the month at 7:00pm. |
Group description: | The Equity Income Group welcomes investors of all levels of experience, from beginners to advanced. The focus of meetings is on dividend paying Investment Trusts, though there is also discussion around individual shares. |
Meeting Type/Venue: | Meetings are held online. |
Meeting Frequency/Timing: | Meetings are held every 6 weeks on a weekday between 7 and 8:30pm. |
Group description: | The Group welcomes investors of all levels of experience, from beginners to advanced. The focus of meetings is on all types of income generating financial instruments, from stocks through Trusts and Funds and ETFs to retail bonds. Meetings involve presentations from members, who are also expected to lead discussions from time to time, as well as discussions on what has been bought and sold since the last meeting. |
Meeting Type/Venue: | Meetings are in-person in a venue in Central London. |
Meeting Frequency/Timing: | Meetings are usually held on the last Thursday of every other month, starting with an informal lunch around 1pm followed by discussions until around 5pm. |
Group description: | A regular Signet Group looking to help members improve their investment techniques through group discussion of member’s experiences. We welcome investors with any level of experience. Group meetings generally start with:
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Meeting Type/Venue: | In person at a friendly pub close to Piccadilly Circus. We also have the option for members to join the meetings remotely if they are unable to attend in person. |
Meeting Frequency/Timing: | Meetings are held in the evening from 6pm to 9:30pm with a 30 minute break for supper, at monthly intervals. |
Group description: | Our focus is on UK listed, high dividend yield individual stocks, although high yield investment trusts/REITS which are of interest to members will also be covered. This group is suitable for members with existing fundamental investing experience (at least 2 years), with a keen interest in discussing in some detail the underlying business, financial performance and future prospects of individual income stock ideas. |
Meeting Type/Venue: | Meetings are held online. |
Meeting Frequency/Timing: | Meetings are held every 6 weeks from 4pm to 6pm on a Monday. |
Group description: | A welcoming group open to all types of investors. Typical meeting content is to have a deep dive presentation on a topic selected by the participants and a session on buy/ sell/ key lessons learnt last month. |
Meeting Type/Venue: | In person at a friendly pub close to Piccadilly Circus |
Meeting Frequency/Timing: | Monthly during the evening on the first Wednesday of the month. |
Group description: | The Enfield Signet Investment group welcomes all types of investors. Currently we are a small group, with a few seasoned investors and others that are looking to learn more about investing more generally.
Meeting content is determined by the group in advance of meetings and the agenda will typically include discussions on stock ideas and other investment themes. |
Meeting Type/Venue: | The meetings are in person at a pub in Enfield EN2. We start with a quick informal lunch followed by a discussion on investment themes, updates on prior investment recommendations and other items members have submitted for the agenda. |
Meeting Frequency/Timing: | We meet at 12:30pm on a week day during the first week of each month. Meetings are 2-3 hours depending on the number of items on the agenda. |
Group description: | This group is for investors rather than technical traders. Although we mostly invest on the basis of Fundamental Analysis, we believe that Technical Analysis can be used to help decide the timing of entering, adding, reducing and exiting investments.
Meetings include presentations by group members on specific topics, and on recent decisions made with the input of technical analysis. |
Meeting Type/Venue: | Online via Zoom |
Meeting Frequency/Timing: | Monthly on the first Monday of the month.
Meetings start at 7 pm, and end between 8.30 and 9 pm. |
Group description: | Our group is a broad church that contains investors of varying experience. Our members’ backgrounds are diverse and include corporate banking, engineering, teaching and the leisure industry. We generally pick a discussion topic for every meeting, e.g. housebuilders or the defence industry, and members are invited to research and discuss different aspects or companies within that industry. We also discuss stocks and investment trusts that we have bought, sold or are interested in and the reasons behind our decisions, and try to make sense of the ever changing investment environment. Discussions are robust and challenging but we are a friendly and approachable group who welcome investors of all levels – we just ask that you contribute, at whatever level you can. |
Meeting Type/Venue: | Our meetings are held in a private room at a nice pub near to South Ealing tube station (Piccadilly Line), not far from Ealing Broadway (District, Central and Elizabeth Line). |
Meeting Frequency/Timing: | We meet every 2 months, usually on a Wednesday morning at 11am. |
Group description: | All levels of experience welcome. A typical meeting agenda includes: – Macro Environment – Trades: Members review existing positions and identify securities with promising TA entry patterns or setups and with suitable risk/reward. Any security, long, short, futures, options may be considered. The convener takes actual positions in trades and maintains his own detailed ledger, accurately measuring performance of individual securities and cumulative activity. Members are notified by e-mail prior to the entries or exits that are decided upon. Following each meeting an updated copy of the ledger is circulated together with the next meeting agenda. Members may wish to maintain similar ledgers of their own but there is no obligation to do so. – Technical Analysis: Techniques and systems used in trades. Members can request discussion of particular aspects of TA. |
Meeting Type/Venue: | Online via Zoom |
Meeting Frequency/Timing: | The first Tuesday of every month from 7 to 9pm |
Group description: | The West Sussex SIGnet Group is open to all investors irrespective of experience. Those with limited investment experience will be encouraged to participate in online training courses operated by SIGnet. The group will be principally focussed on individual stocks or investment trusts covering the UK and US markets and ranging in size from small caps to mega caps.
Meetings will typically include a number of presentations on specific stock ideas and on investing styles and themes. Meetings will also review the performance of our “portfolio” of up to ten stocks chosen by the members in a share picking competition competing against other SIGnet groups across the UK. Additionally, members will be encouraged to identify a share from their portfolios and talk about it for 3 minutes (short ideas welcome). |
Meeting Type/Venue: | We plan to meet physically every month during the day at various venues across West Sussex. During the summer months we may hold a number of evening meetings to encourage attendance from those unable to make meetings during the day. Additionally, we will hold online meetings from time to time. |
Meeting Frequency/Timing: | Meetings will be held on the second Monday of every month. Physical meetings will typically be from 11:30 to 15:30. Evening meetings and online meetings from 19:30 to 21:30. |
Group description: | Open to all investors / people with an interest in investing. Typical meeting will involve members talking about recent purchases, successes, failures and possible future purchases. Also with occasional visiting speakers or members making presentations on a topic of interest. |
Meeting Type/Venue: | We aim to meet on the last Tuesday of each month in a private room at a pub in Playhatch. Start time 7pm with members encouraged to meet up around 6pm for a bite to eat / drink before hand, if their diaries allow. |
Meeting Frequency/Timing: | 7pm on the last Tuesday of the month. Meetings likely to last about two hours but with informal ‘overspill’ before / after. |
Group description: | This group was set up as a forum to discuss companies in detail, each company is introduced by a member and discussion may last one or two hours. Membership is by invitation only and is for experienced investors. |
Meeting Type/Venue: | The group meets at a venue in Waterloo, London. |
Meeting Frequency/Timing: | Meetings are on Tuesday mornings at two month intervals. |
Group description: | This group was set up as a forum to discuss companies in detail, each company is introduced by a member and discussion may last one or two hours. Membership is by invitation only. |
Meeting Type/Venue: | The group meets at a venue in Waterloo, London. |
Meeting Frequency/Timing: | Meeting on Monday mornings at two month intervals. |
Group description: | Group of investors that meets on a bi-monthly basis to discuss all things happening in the world of investing, share each other’s knowledge and give the benefit of each other’s experience. Group primarily focuses on unit trusts, open ended investment companies and investment trusts. However, all investments are up for discussion and new members are always welcome and encouraged. |
Meeting Type/Venue: | Remotely via Zoom on Saturdays on a bi-monthly basis, on dates collectively agreed by all group members. |
Meeting Frequency/Timing: | Bi-monthly. |
Group description: | This group nominally covers the whole of Scotland – although we are also open to members from wider afield. The focus of the group will be on ‘Technical Trading’ rather than Investing. Importantly, we understand that many people do both longer term investing and shorter term ‘technical trading’. Of that mix of styles this group will focus on ‘technical trading’ – so you might expect us to have conversations such as:
Swing Trading, Stop Losses and Position Sizing, Chart Patterns – Cup and Handle, Breakouts, Springs, Flags etc, Support & Resistance, Indicators, Price Targets, Positive Expectancy, Trade Management, Trading Systems, Trade Ideas and Evaluation, Trade Planning, Leading and Lagging Sectors, Leading and Lagging Participants within Sectors, Trade Journals, and the ‘Tools of the Trade’. The majority of the group have both longer term investments and carry out shorter term trades, too. They would term themselves both ‘investors’ with a longer term outlook and ‘traders’ with a shorter term outlook. The group members have broad experience in the markets – including across all asset classes and vehicles (shares – companies, trusts, ETFs, funds; spread-bets, CFDs, Options, Crypto). However, most of the group are predominantly interested in equities within the context of a portfolio. Although some members are highly experienced traders that is not true of all and experience level should not be seen as an impediment to joining. So, if you don’t know who Richard Wyckoff was, or why Fibonacci is even more relevant today than in the 11th Century – don’t worry! Every day is a ‘school day’ for us all – Mr Market makes sure of that! |
Meeting Type/Venue: | The aim is to have a mix of formats to support the requirements of all group members: – Online meetings once per month. Nominally on the last Tuesday of the month in the afternoon. The group will utilise MS Teams. – Occasional Face to Face meetings during week days to suit those members who are retired. – Meetings of opportunity: taking advantage of local investment seminars and events to meet up within the context of investment & trading. |
Meeting Frequency/Timing: | Our aim is to meet at least once a month virtually with physical meetings when the opportunity arises. We are fortunate in Edinburgh to have many quality venues for meetings, and occasional investor events that allow ad-hoc meet-ups around the shared interest of investing & trading. |
Group description: | The Worcestershire group was established in January 2024, and is open to all SIGnet members who have an interest in profiting from, and developing their stock market experience (other asset classes qualify too!). Novices and Fund Managers are made equally welcome.
Meetings consider topical investment issues, facilitate the exchange of ideas, and are intended to provide a forum for the enjoyable sharing of areas of expertise. |
Meeting Type/Venue: | Face to face meetings are held monthly. Various venues in Worcestershire are used. |
Meeting Frequency/Timing: | Meetings are held monthly, on weekdays, typically staring at 12 Noon, and finishing at 3pm. |
Group description: | Our group members have wide ranging investment experience and work backgrounds. Discussion topics include reviewing our recent stock or collective investment buying and selling activity, plus what we are considering buying or selling and the reasons for our decisions. We also have a wider discussion on where we think opportunities might arise in the next few months and what we think needs to be avoided. Members occasionally lead discussions on specific topics such as recent events attended, articles or books of interest and sources of investment ideas and information. |
Meeting Type/Venue: | During the pandemic our meetings were held on Zoom, but we have now resumed meeting in person at a location a few miles to the west of Colchester. Most meetings will now be in person, but it is possible that occasional meetings will be held on Zoom in special circumstances. |
Meeting Frequency/Timing: | We meet midweek every two months. Zoom meetings run for about two hours from 10.30am and in person meetings from 11am until about 3pm, including a break for lunch. |
Group description: | This group meets to look at issues that are of interest to the group, to look at individual companies with an investors eye and collectively raise the group’s knowledge of investable companies. There is also discussion on buys and sells made by members which calls upon and builds the collective skills and understanding of the group members. |
Meeting Type/Venue: | The meetings are held in Piccadilly Circus in a pub private room. The group does not meet on zoom. |
Meeting Frequency/Timing: | The group meets on the second Wednesday in every month from 6.30pm to 9pm. |
Group description: | The National Group is open to all members of SIGnet. It is intended primarily for new SIGnet members, who may not yet have found another suitable group to join. We aim to welcome new members and discuss their investment interests and current investment topics. Investors with all levels of experience are welcome to join. |
Meeting Type/Venue: | Online |
Meeting Frequency/Timing: | The National Group meets monthly, on a weekday evening. Meetings are generally from 7-8:30pm. |
Group description: | This group was formed in September 2023 and meets in-person during the evening in a London pub. The group is open to all investors – a good proportion of the initial membership are experienced investors. |
Meeting Type/Venue: | In-person meetings. Pub. Dinner and drinks. |
Meeting Frequency/Timing: | Monthly on the third Tuesday of the month from 6-9pm. |
Group description: | We are a small group of committed, thoughtful, active, amateur investors who are mostly retired. Our core investment philosophy has always been to look for fundamental value in companies and our inspiration has been Warren Buffett. We are generally buy and hold investors, not frequent traders.
We will look at a wide range of investments, including for example, investment trusts, OEICs and ETFs as well as companies of any size. However we do not look at the more exotic areas of investment such as options, other financial instruments or hedge funds. Our discussions range widely over the myriad of factors that may influence investments and include macroeconomics, investment psychology and political trends and from time to time a member will present a book review relevant to investing. Typically the agenda will include an update on members’ investment activity since the last meeting and a presentation on an interesting potential investment by one or more members. We are all existing or former professionals and undoubtedly it is the combined experience which always makes the meetings both interesting and challenging. |
Meeting Type/Venue: | We have face to face meetings every two months at a venue close to Waterloo Station, London. |
Meeting Frequency/Timing: | Meetings run from 11am to 4.30pm, usually on a Tuesday and include a lunch. |
Group description: | Group focused on active investing, primarily in small / medium cap UK equities. |
Meeting Type/Venue: | Regular Zoom meetings interspersed with occasional face to face meetings and social activities in the North West. |
Meeting Frequency/Timing: | Monthly on Saturdays at 10am. |
Group description: | Our group covers a wide spectrum of mainly stock market investing and trading from equities – which include shares, ETF’s Investment and Unit Trusts. We normally rotate the meeting chairperson (responsible for creating, with member’s help, suitable agendas) and a meeting presenter (members take it in turns to provide a 15 to 45 minute presentation on a subject of their choice). Various investing topics of interest are regularly discussed such as software, brokers, investing categories and markets and any related topics of interest. |
Meeting Type/Venue: | Meetings will be returning to in-person in a private room at a West London golf club, close to an underground station. In the meantime monthly video calls and an in-between meeting email group will continue. |
Meeting Frequency/Timing: | In-person meetings will be held on the second Wednesday of each month in the afternoons, following a golf club one course lunch. |
Group description: | The Options group has been meeting monthly for some 20+ years and new members who are either trading or interested in trading options are always welcome. Our members trade options predominately on both UK and USA shares, indices, currencies and commodities. |
Meeting Type/Venue: | Meetings take place via video call. |
Meeting Frequency/Timing: | Meetings are monthly, on the 4th Wednesday of each month, normally from 12:30 to 2:30 and sometimes run over. |
Group description: | This group is nominally the Edinburgh group. However, the group actually draws membership from: Edinburgh, The Lothians, The Borders, Fife and Stirlingshire.
The majority of the group are what you could called ‘investors’ with a longer term outlook rather than ‘traders’, but several have broad experience in the markets. Most of the group are predominantly interested in equities within the context of a portfolio. Some members have interests across asset classes and are interested in portfolio construction and portfolio management. Although some members are highly experienced investors that is not true of all and experience level should not be seen as an impediment to joining. The group is open to new members. |
Meeting Type/Venue: | The aim is to have a mix of formats to support the requirements of all group members:
– Online meetings once per month in the evenings to suit those members who are working |
Meeting Frequency/Timing: | Our aim is to meet at least once a month virtually with physical meetings as frequently or more often when the opportunity arises. We are fortunate in Edinburgh to have many quality venues for meetings, and occasional investor events that allow ad-hoc meet-ups around the shared interest of investing. |
Group description: | This group is open to all levels of investor and is particularly popular because it meets after working hours in central London. The meeting usually has a presentation or group discussion on aspects of investing and also runs a Buys & Sells session which gives everyone the chance to see what the other group members are buying or selling and why. |
Meeting Type/Venue: | The venue is near Victoria Station in a pub where the group also enjoy a meal from a typical pub menu. |
Meeting Frequency/Timing: | This group meets in the evening in London. It is a face to face group that meets every third Tuesday in the month from 6.30pm to 9pm. |
Group description: | This group is for those interested in investing in the USA. It is open to all investors with a special interest in this area and all levels of experience are welcome. A typical meeting will have a discussion on a particular market issue or a presentation by a member or external speaker on a subject of interest to the group. All members are expected to play a part in presenting and to take an active role in making the group of value to all its members. |
Meeting Type/Venue: | As a specialist group with a wide geographic spread of members, our meetings are held on zoom. |
Meeting Frequency/Timing: | Meetings are monthly and are held on the third Tuesday in the month from 11-12.30PM. |
Group description: | A group that welcomes investors with all levels of experience. We aim to provide a friendly north-eastern welcome to anyone that wishes to join, share their knowledge of investing and benefit from others’ knowledge and experience.
The group discusses a range of investment related topics. |
Meeting Type/Venue: | Currently, we’re meeting in-person at a venue in Durham. |
Meeting Frequency/Timing: | Meetings occur monthly, on weekday evenings from 7pm-9pm. We may vary this, according to demand from group members. |
Group description: | We hold monthly in-person meetings with possible exceptions in August and December. Discussions are generally on the topic of investment strategy and potential companies of interest. Each member is expected to make an investment-related presentation approximately once a year. |
Meeting Type/Venue: | We meet in a private room at a pub around 7 miles SW of Oxford. We usually each order a dish from the pub menu that is served during the meeting. |
Meeting Frequency/Timing: | Meetings are in-person, monthly on the 4th Tuesday of the month at 7pm. Typical meetings last 2 to 2.5 hours. |
Group description: | The group has been successfully operating for over 20 years and currently has members with diverse investment styles. However there is sufficient in common to ensure an interesting mix of ideas and experience which provides a great sounding board for investing as well as the opportunity to enhance our investment skills.
Some members lean towards a buy and hold approach whilst others trade more frequently, some use technical analysis methods, others use fundamentals or a combination. Discussions cover companies predominantly listed on the London Stock Exchange, including small AIM stocks, but investments in other countries are sometimes included. Investment trusts, exchange traded funds, bonds and some other financial instruments are included. Economic issues as they relate to investing are discussed for those who adopt a top down approach. Additionally, experience of different investing software and information sources provides good insights into what members find works well for them. If an investment related subject is of interest to the majority of the group then it is included, such as government budget announcements, pensions and inheritance tax etc. |
Meeting Type/Venue: | Pre Covid we had face to face meetings once a month in a pub for a 3 hour session just a few miles to the west of Cambridge during an evening. Covid forced a change to video conferencing for meetings. These meetings remain monthly but are split into two shorter sessions, they normally take place on the first and second Thursday of each month. From 2023 at least two meetings during the year will be face to face.
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Meeting Frequency/Timing: | Monthly, usually on the first and second Thursday of each month from 7pm. Any face to face meetings will also be on a Thursday at 7pm. |
Group description: | The group is open to more experienced and established investors who are active traders in shares, bonds and other investment vehicles. All present members are “mature” individuals but this would not preclude younger experienced investors.
At present there is an interest within the group in AIM shares with a view to inheritance tax planning but this is not in preclusion to other interests, REITs, Investment Trusts, Property etc. |
Meeting Type/Venue: | Meetings take place in person at private houses mainly in the north Leeds area. On occasion, especially in the summer, meetings may be held in members’ houses elsewhere in the general area.
At each meeting the members outline their recent activity and its relevance to their overall investment goals. Current fiscal events and economic conditions are discussed. |
Meeting Frequency/Timing: | The group meets each month on a working day determined at the end of the preceding meeting.
The meetings commence at 10:30 am and continue until around 1:00 to 1:30 pm. |
Group description: | A small group covering Dorset and South Hampshire.
We enjoy wide ranging discussions sharing views and knowledge on all investing types. We discuss relevant world events, sectors of interest, unit and investment trusts and individual equities. The group has been running for many years and members are all active investors. New members welcome. |
Meeting Type/Venue: | Monthly meeting alternating between Zoom and Face to Face. The latter is in a local pub near the New Forest. All the meetings of recent years have taken place in the evening. |
Meeting Frequency/Timing: | Monthly during the evening, 7pm-9pm. |
Group description: | Meeting once a month, our group covers a variety of investment styles. We also have an active WhatsApp group and we welcome new members. |
Meeting Type/Venue: | Physical meetings at a venue in Preston, Hitchin, SG4. |
Meeting Frequency/Timing: | Monthly on a Saturday at 10am (usually the last Saturday of the month). |
Group description: | Experienced investors who have been members many years and newer members wanting to learn about investing. Members discuss portfolio content and reasons why they have certain assets and investments. Buys and sells discussed along with interesting shares being considered along with current issues in the market of local or international influence. |
Meeting Type/Venue: | Physical face to face meetings held in a central pub in Easton in Gordano. |
Meeting Frequency/Timing: | Usually monthly to 6 weekly, mid week 12 noon to 2pm with lunch. |
Group description: | We are a relatively small group, but have a wide range of interests so always start every meeting with a discussion about world issues and the “investing environment” generally. We always discuss individual members market activity and any interesting opportunities on their watchlists. There is currently a lot of expertise in the small cap value area of the market within the group. |
Meeting Type/Venue: | Our preference is for a physical meeting and a hotel in Meriden (Coventry) is the usual location, but we do have on-line meetings when weather and/or health issues make that the most suitable option. We rotate the chair and this is agreed at the previous meeting. |
Meeting Frequency/Timing: | Our preference is to meet every 4 weeks on a Thursday evening, but the exact details are agreed at the previous meeting. |
Group description: | A small group whose primary interests are equity and Investment Trusts. |
Meeting Type/Venue: | Currently meeting online using Skype. It is envisaged to have occasional meetings at member’s private houses in the future. |
Meeting Frequency/Timing: | Meetings are held fortnightly on Tuesday mornings using Skype. |
Group description: | Most members are experienced investors. The main focus is on equity investments (single stocks or investment trusts). Other asset classes are discussed. Meetings involve presentations from members who are expected to lead discussions from time to time. |
Meeting Type/Venue: | Meeting quarterly, physically in Central London. Other months (8 months per year) on Zoom. |
Meeting Frequency/Timing: | Meetings are generally held on the 3rd Wednesday of the month. The Quarterly physical meetings are from 11am-4pm (with approximately 1 hour break for lunch), the Zoom meetings (during the other 8 months) tend to last up to 2 hours (11am – 12:45pm). |
Group description: | A long-established group, however, we welcome new applications. Our meetings start at 10:15am with coffee and scones when members comment on their investment activities since the previous month. Generally, each member reports on a specific Company/IT/Fund e.t.c. This brings us to about 12:30pm when the meeting ends, and we have lunch. |
Meeting Type/Venue: | In-person at a Golf Club in Belfast. |
Meeting Frequency/Timing: | The group usually meets on the second Wednesday of the month, all year round, except in July and August when we have no meetings. Meetings commence at 10:15am and last 2-3 hours (including lunch). |
Group description: | We welcome anyone interested in investments regardless of their level of knowledge and experience. |
Meeting Type/Venue: | Physical meeting in the Boardroom of a venue in RG9 (pre-meetings in the bar). |
Meeting Frequency/Timing: | Monthly – 3rd Wednesday of each month at 18:00 (except January, where the meeting will be held at lunch time). |
Group description: | We are a friendly social group welcoming investors with all levels of experience. Our membership varies between those with little or no knowledge of investing to those who live off their investing or their portfolios. We do not invest as a group so there is no money on the table, and we never discuss individual worth; we simply discuss and share investing ideas, we analyse the state of the market, individual stocks, funds, trusts, bonds etc., and we invite contributions from all group members. Guest speakers and company presentations are a regular feature, as is the SIGnet competition and also our own long-term Manchester Portfolio. We invite members to volunteer presentations from time to time on particular topics of their interest / expertise. At each meeting members are asked to share their latest or potential buying and selling activity. Our face-to-face meetings are punctuated by a lunch break, and for those with the time there is socialising and drinks afterwards. Most of all we learn from each other. |
Meeting Type/Venue: | The group meets through a combination of Zoom and face-to-face meetings at a central Manchester boardroom style venue. |
Meeting Frequency/Timing: | Meets bi-monthly, 10am-3pm on Monday mornings, usually mid-month. |
Group description: | The Leicester Square Group welcomes investors with all levels of experience, but all members are expected to contribute to our discussions. We discuss/analyse individual stocks, market trends and investment topics. Guest speakers are sometimes invited to address the group. At each meeting all members are asked to inform the group of what stocks or collective investments they’ve been buying or selling, or are considering buying or selling. A friendly and supportive discussion is encouraged. The meeting is punctuated by a lunch break, providing an opportunity to socialise. After the meeting, members may stay on for drinks and to socialise further. |
Meeting Type/Venue: | Physical meetings at a central London venue |
Meeting Frequency/Timing: | Meets bi-monthly, 11am-4pm on a weekday |
…so what is the basis of any claim? – Yours an unhappy ex-Sirius share-holder or now an only slightly happier Anglo-American share-holder…
As a private shareholder I lost £40k, when Sirius management virtually gave the company to Anglo American.
Rob I am sorry to hear your hard-earned cash went the same way as mine (!) but the loss of money backing a speculative purchase is not grounds for legal action; however, potential mis-management at Sirius is a different matter…!
I don’t disagree & do understand. However, the way the management sold out their shareholders, was a disgrace, even more so when the MD took £1+m on the deal.
I’m not holding my breath for this to come to fruition but I really appreciate what Sharesoc are doing by looking into this. I’ve got the mindset now that my hard earned savings are gone and if does go anywhere it will at least be something to help get myself and many others back on track. I’m well aware with any investment there is a risk but this project was massively oversold by management as the goose that laid the golden egg when it wasn’t all going as well behind the scenes as they said it was.
It would be interesting if any legal grounds have been established or (possibly) close to being established…
I lost about 30k investing in Sirius. Am I supposed to provide evidence of this to share doc or sit tight for the time being ? I don’t want to get missed if part of those losses are being returned to investors. Unlikely I’m sure but live in hope.
Hi Andy,
The ShareSoc/Sirius team continues to work with legal firms to establish whether there is a viable, fundable case that can be brought, on a no-win no-fee basis. If, ultimately, a claim goes ahead, we will be in touch with you, as we have your details and interest in a claim and will ask you to register with the legal firm that is managing the claim. As long as you then do that, you will not miss out if the claim is successful.
So, please sit tight for the time being and we will let you know whether the claim proceeds, or not.
Thanks,
Mark
How do we check if we are on the list?
What currently are the grounds for a claim… Mismanagement?
David,
To go “on the list” you need to join our campaign, here:https://www.sharesoc.org/campaigns/sirius/#join. Make sure to tick the “I would probably join a claim” box. You have not signed up yet. Anyone that joined the ShareSoc Sirius group is “on the list”.
Potential grounds for a claim remain confidential, whilst the Sirius group team works with legal firms to establish whether there are sufficient grounds for a claim to have a realistic chance. A lot of evidence has been brought together which needs to be worked through. We don’t want to forewarn opponents of the details of a claim – nor to publish anything potentially defamatory, until it’s been reviewed and validated by legal experts.
Best,
Mark
Second by second minute by minute hour by hour day by day updates
Sirius minerals were very clever sucking in investors,we have the orders by tonnage for polyhalite
Their made our investment exhilarating, we were blinded with big machines and concrete segments,colour pictures, tracking boats, music,pictures of giant potatoes cabbage and carrots
Money was being burned with local good causes to buy the locals,
I rang my broker first time we never got the finance, that was the time Fraser was out swimming
My broker laughed and said and I quote, the people who provide the finance are not at their desks they are on holiday,
We had another share issue was it 22 pence it cost me thousands to take my offer up,
Why did they ask shareholders for more money,just before they never got finance,
I’ll never understand that,
Chat rooms with I suspect planted employees or shorters
How many lines read this is 3p stock, I laughed at that, but I never laughed for long,
Pictures with local MPs the mayor the chancellor of the exchequer Hammond
The delegation to China with the prime minister and well documented and publicised
The deal with ADM partnership the Brazilian partnership China partnership
The suspicions deal with the lady with the big hat from Australia
Promotion from the AIM to the 250 and we had not earned a penny
Fraser was a guru at raising finance with fortiscue with all his palls,
It was just a matter of filling out the forms
I even had polyhalite samples sent to me,Tristan pottas
So we’re did Sirius get all the polyhalite for the trials, boulby by any chance that was handy ehh
The tunnel fiasco all of a sudden it was to cost more lots more
The bad news had started and it never stopped
Now what about the lady reporter from the daily mail, she mis quoted Chris Fraser
He was going to take Sirius private oh really that’s a miss quote Tristan pottas
First stage finance second stage finance that’s clever
One thing is clear shareholders kept on giving Fraser and his gang kept on taking buying and giving it away
The reporter from the daily mail is our star witness,
Was their ever likely to be any finance
Was it all a con
Was this the plan from the start
Why did we get just 3.2 pence a share
Who bought shares
Who never bought shares that should have bought shares
Who was the annalist who made the last video and his company bought all the shares
He was dismissed for loosing millions and he was singing Sirius praise the lord
Anglo America dumped Sirius minerals shareholders as fast as they could
To this day Anglos American are using the same script this seam of polyhalite is worth billions
For years to come job security employment big potatoes and carrots
Funny how it wasent worth two ballon’s if you were a Sirius minerals shareholder
I wish everyone who invested all their hard earned cash all the best
Funny how all the puppets disappeared
I can only hope in the interests of fairness justice will be served
The boss of embattled miner Sirius Minerals has suggested that investors may have been badly advised when they backed his company. More than 85,000 retail investors face heavy losses after Sirius’s $3.8bn (£3bn) fertiliser mine project in the North York Moors was thrown into doubt last week when it failed to raise $500m in bonds.
Chief executive Chris Fraser said: “I read stories where people seem to have over-invested or probably not taken the right advice. I feel very bad for those situations, but we have been clear about the opportunities and also the risks.”
went from hero to the villain overnight
Sirius Minerals has launched an internal investigation after a senior worker was allegedly heard discussing the controversial takeover by Anglo American with a hotel barmaid before it was publicly announced.
Local resident and Sirius shareholder Andrew Green claims that on January 7 – the day before Sirius told the stock market about the takeover of the struggling potash mine in Yorkshire – he heard an employee loudly talking about a deal with Anglo American that was going to be revealed ‘as soon as tomorrow’.
Green’s allegations come as the mining company fields criticism for a spike in its share price on January 7 – the same day he overheard the brazen pub conversation.
A source close to the deal confirmed that the announcement was rushed out on January 8 in a bid to avoid getting on the wrong side of regulators.
Green, 46, said he had been taking his dog for a walk along the beach in Robin Hood’s Bay – a fishing village south of Whitby in the North York Moors National Park, close to Sirius’s Woodsmith Mine – when he stopped at the Bay Hotel bar.
Steve Davies, Manager of the Jupiter UK Growth Fund Why did Steve invest in Sirius minerals
He lost his job
Sorry I am unable to find the lady from the daily mail who was on a site visit to woodsmith mine when she reported Fraser had other ideas, what did she really uncover
Their is a minimum value of a ftse 250 company and it’s not two ballon’s
85000 thousand shareholders gave Fraser and his gang a vast amount of money
All he had to do was organise finance
Did they actually try an organise finance
He just kept on asking the shareholders for more money he was like a wasp in a jam jar kept changing the plan,
The finance was in the post,and it never arrived ever always tomorrow
The planing the detail the implementation of the project was mind blowing
Who was Fraser really working for
Who was ready behind Fraser getting the mineral rights
The nice guy from Australia personally persuaded the land owners to agree
To a fee for tunnelling under their land,
Ohh and it was in the National park
Fraser, pottas ,Clarke ,scrimshaw ,rhinheart,the non executive members of the board
They could move heaven and earth but they could never organise the miserable finance
After meeting all the milestones required to pre qualify for it
Remember did we pre qualified for government aid at the very start remember that interview
Proactive investors,
So infact all these very clever people who worked with Fraser at citi group and all the large institution’s who
We’re bussed around woodsmith mine on a daily basis, to see concrete blocks and boring machines
Could not see or hear finance was never going to arrive
Who was responsible how and why did we get promotion to the ftse 250
When we had not earned one penny in revenue but the company was valued at two billion,
The double seam of polyhalite was an asset worth hundreds of billions of dollars
Let’s not forget the gypsum and the salt,
So did Fraser and his gang bleed the shareholders dry
With no intention of getting finance
They let the clock tick tock down till any offer was better than nothing
The spending on the project never stopped, it was spend spend spend
And Sirius mineral could not raise a dollar
How much did the government pump into the steel works at red car
Around the same time
I invested on the information that I was given on the RNS and all the company’s promotion
And build updates,
Who was really behind the biggest shareholder scam Great Britain’s ever seen
And it never even got a mention
600 billion and a 50 year life,
Tristan pottas sad it will see him off
No Tristan it seen us all off at great expense to 85000 shareholders are we all wrong
A quick update from Cliff Weight and Paul Anscombe 8 May 2022: We are pursuing a line of investigation following legal advice. Until we get some proper response then there will be nothing to report. The possibility of a claim is still in review.
Has there been any update or a potential deadline for a response?
Thanks for the hard work.
I lost a very large amount on Sirius, so thank you to any/all who are trying to get some justice done. In my opinion, collusion was happening between the interested parties in Boulby and Westminster – the evidence trail will be there if anyone is motivated to look for it.
I lost £40k on the acquisition of Sirius Minerals, by AA. Sirius directors whilst encouraging their private investors to support them, they sold us out. Unbelievable!
I followed and invested in Sirius for 5years with confidence in Chris Fraser and the fact that it was one(of 13) projects under the ”Northern Power House” proposal . which was later endorsed at Prime Minister;s Question time in the House of Commons by Theresa May.The project was backed up by a great deal of confident constant publicity by Chris Fraser and a number of Investor Gurus.I answered every call on rights Issue up to the final one in May 2020? which raised £400 mil.Up to that point the project had made consistent progress which then only needed the raising of the £500 mill bonds to cotinue with the final stage.All it needed was the Government’s backing of the loan(no financial. payment} which had been promised from the early days of the project . What happened to that promise?
I suspect ther were some background discussions between certain government mnisters and the ICI chief of the company across the valley. Also there must be a question about the integrett of the Sirius board to ask for that last £400mil Rights Issue and then months later sell the company for that amount.That was our investors money.
Finally.the curt almost unpologectic (out of the blue) statement made by the then Chairman was devastating and showed almost a disiinterest in the happenings.A sad ending to a bold and exciting project which I was proud to be part of but leaves a very bad taste inthe mouth.
P.S Ilost £60.000 and unfortunately £20.000 of it was may wife’s who never buys a raffle ticket.I am constantly reminded of it during 60 yrs of marriage.
Allen, I fear I am repeating myself… I am sorry to hear your hard-earned cash and that of your wife went the same way as mine (!) but the loss of money backing a speculative purchase is not grounds for legal action; however, potential mis-management at Sirius is a different matter…!
Any update
Looking for any updates regarding legal redress please. Invested and lost £100,000 .
Hi Sharesoc, tomorrow marks a whole year from the latest Sirius Mineral post here, has this claim been put to bed or is it still alive? that’s all I ask no detail needed.
Hi Paul and other readers. I can confirm the claim is still alive and we pursuing a line of enquiry. It is however taking much longer than we expected. I am sorry that I cannot be more forthcoming at this stage.
I lost a large amount of money when Sirius failed. I felt like I’d been deceived and conned at best, mugged at worst. It’s has long term effects on my mental health and my life. I buried my head in the sand and tried to forget about it. On a recent trip from Whitby to Scarborough, by pure chance I drove past the Woodsmith site. I felt physically sick. I googled Sirius Minerals when I got home and came across this site. Well done to you guys and more power to your elbow. I’ve signed up for updates and look forward to watching progress.
I was a shareholder in Sirius and lost about 25k. Do I need to sign up for any potential action or as a previous shareholder will I be included or contacted if any action goes ahead ?
Hi Derek,
To be informed about any action, you should join our Sirius Shareholders Group. Make sure to tick the “Yes, I would probably join a claim” box.
Otherwise, you will probably not be contacted.
Best,
Mark
is there any news regarding this issue?