Sirius Minerals Share Discussion Threads

[alphapig] 30/11/2016 15:17

What cards are they, mystic megs?

[deanroberthunt] 30/11/2016 15:13

looks like 14.3 on the cards now

[deanroberthunt] 30/11/2016 15:13

well done to all those shareholders who managed to get some extra shares at 20p......lmfao

[leonidas] 30/11/2016 15:13

this is now getting out of hand well well oversold.............like capita.................also well oversold.

[millse] 30/11/2016 15:05

10% discount to open offer price

[mrphiljones] 30/11/2016 14:35

mr.oz
30 Nov '16 - 14:23 - 24204 of 24205 0 0
ffs Johnstupid - it's not new


Can i borrow this nutter to short me an entry point over at Pantheon Resources please Mr Oz I'll promise to return him when i'm done...........;-)))

[celeritas] 30/11/2016 14:31

And maybe why its falling as the Chinese showed no interest.

[mr.oz] 30/11/2016 14:23

ffs Johnstupid - it's not new

[johnwise] 30/11/2016 13:55

08 Jun 2016

Sirius Minerals PLC delivers new Chinese off-take deal

[thanksamillion] 30/11/2016 13:51

Typo - for 60p read 6p

[johnwise] 30/11/2016 13:26

"When!!!!!! will it be 60p"


Count down to the announcement: Who has bought big time into Sirius Minerals ?


Sirius Minerals: Chinese investors will be invited to pump in money by Government ministers

The polyhalite mine project will be built near Whitby :: Northern Powerhouse officials will invite Chinese investment



Theresa May has promised to work for a "golden era" in the UK's relations with China, as the country's vice-premier visits London for talks.




08 Jun 2016

Sirius Minerals PLC delivers new Chinese off-take deal

[netley lucas] 30/11/2016 13:09

People will sell if they think it will go lower, it's understandable, even for small investors. It can help lower averages and can free cash up. I think there's more sophistication nowadays from the average PI than we often give credit for. People have wised up, they don't just buy & hold.

[deanroberthunt] 30/11/2016 12:00

they're not bothered it's immediate gratification

[investment dave] 30/11/2016 11:54

Dean I do agree to some extent but it would be easier to offload above 20p on a bull run rather than noq

[deanroberthunt] 30/11/2016 11:51

anyone who forward sold the majority at much higher prices....so any of the IIs et al

[investment dave] 30/11/2016 11:47

Muckshifter has got this spot on regarding a macro level however I am interested in trading the daily movements. Would be interesting to know who is offloading below the underwritten placing price

[deanroberthunt] 30/11/2016 11:36

muckshifter has it spot on.....

[investment dave] 30/11/2016 11:35

I can't understand who would be selling on the 5 million tranches as this is not small bucks. I can only deal in max 2m clips which has been extended to the full. It must be some institution

[nugacity] 30/11/2016 11:35

Muckshifter that was a big 'un, but nothing compared to the Prof's 5m holding ..... I thought 5 inches was the norm! He must find it difficult turning round? And driving?

Don't understand why the registrars need weeks to return our refunds, I don't think that delay and the doubts about how many shares people are getting is helping the share price at all.
In this computer age it looks like they conveniently depend upon paper , printing and the royal mail.

[investment dave] 30/11/2016 11:34

Could it be JP Morgan offloading the shares the bank has underwritten ?J.P. Morgan Cazenove has agreed to fully underwrite the Firm Placing and Placing and Open Offer and Convertible Bond Offering. Further, J.P. Morgan Cazenove and Liberum have agreed to underwrite the settlement of the Firm Placed Shares and conditionally placed Open Offer Shares placed with Placees

[investment dave] 30/11/2016 11:27

5m on the offer lol wonder who is dumping stock hmmmm

[par555] 30/11/2016 11:26

Professor Pettigrew,

You might like to comment on muckshifter's excellent post ?

[muckshifter] 30/11/2016 11:15

The surprise, that shareholders here seem to have suffered judging from the huge number of posts recently, surprises me. If I was a holder, I too would be dissapointed at the pathetic rights issue, but that’s the way it goes. The huge placing was surely always going to make the shares fall predictably to the placing price, as the placees are rarely, if ever, the sort of holders prepared to hold a risky share for six years while waiting for profitable production. My expectation was that the “investorsR21; here were a stoic bunch prepared to wait that long, and the traders were looking forward to years of playing the ups and downs.

Sirius still have many serious technical and financial hurdles to overcome, imho, although I think they’ve made a good start with the selection of the two main contract teams, and should, hopefully, eventually succeed. So I would expect plenty of setbacks and triumphs over the next few years, probably mostly during the shaft sinking and tunnelling phase, if I was a shareholder.

A few examples of areas where I see vulnerability to serious dissapointment, long delays and big cost increases would be:-
Serious problems with the grouting method used in the deep shafts to get through the aquifer. I’m assuming grouting is the chosen method, although Thyssen are specialists in ground freezing, because the anticipated programme is way too short, imho, to allow for freezing at the depth where the problem area exists. One of the deep shafts had a full depth on line borehole to assess ground conditions, the other didn’t. But in either case they are shafting through variable “dirty” fine / medium sandstone, iirc, which makes grout penetration a serious risk.

Instability of the tip at Lockwood Beck. This tip was by far the least stable of the proposed tips when the five TBM approach to tunnelling was in place with corresponding tip facilities, and it has two substantial streams / small rivers adjacent to tip areas. Under the current plan to use just three TBMs this tip has to take probably an additional 150,000 cubic metres of tunnel arisings in its two areas. Any serious slip in either of these tip areas, which blocked a stream, or even seriously threatened one, would effectively shut the job down, imho, for a prolongued period. The changes to the other two (shallow) intermediate shafts ( one put on hold, one reduced in diameter) because of the changed tunnelling plan would exacerbate the problem imho, as it would preclude adding an extra TBM to recover the programme.

Although I’ve read quite a few posts here saying that stage 2 financing has been achieved, I don’t remember seeing any RNS confirming that. There are several potential nasties here, imho. Firstly any delays to the deep shafts would delay stage two finance, I would think, and the big danger becomes inflation looking three years out as the major contracts will have inflation safeguards built in for the contractors and suppliers. Any bad news revealed by additional site investigation for the tunnelling, to be carried out over the next couple of years, could affect the programme and delay the financing plan. I also find the idea that the potential government loan guarantee, which essentially reduces interest costs substantially, would be granted before tunnelling is complete, a bit unbelievable.

Good news on the other hand is likely to be less dramatic, and its significance may not be taken on board by market participants. Great news would be completion of the deep shafts on or before time, but it might not cause excitement. Goodish news would perhaps be the sale of mudstone tunnel arisings from the Teeside portal for waste disposal cell walls and capping, but perhaps not big enough to report, etc.

Sorry I don’t do one liners!

PS. I would have expected an announcement about the work on exterior road improvements which have to be complete before work on site begins - but nothing yet. Perhaps the value is not significant enough to warrant an RNS.

[deanroberthunt] 30/11/2016 11:04

as if it wasn't enough OCD man spamming.