Sirius Minerals Share Discussion Threads

[ch1rp] 22/5/2017 08:21

Looking good for 60p!

[johnwise] 22/5/2017 08:17

11_percent, was that your £50 grand ?

8.09 am

200,000 buy @ 28.84 pence

[johnwise] 22/5/2017 05:03

Facts and figures behind launch of one of Teesside's biggest industrial projects

THE PROJECT

Sirius Minerals is focused on the development of its £2.2 billion North Yorkshire polyhalite project – the state-of-the-art new “Woodsmith Mine” south of Whitby and tunnel containing a conveyor belt system to transport mined polyhalite to a materials handling facility and port at Teesside.

[hazl] 21/5/2017 22:44

let's hope we have a good week again....there are never any guarantees in this game of course.

[johnwise] 21/5/2017 21:33

Facts and figures behind launch of one of Teesside's biggest industrial projects

THE PROJECT

Sirius Minerals is focused on the development of its £2.2 billion North Yorkshire polyhalite project – the state-of-the-art new “Woodsmith Mine” south of Whitby and tunnel containing a conveyor belt system to transport mined polyhalite to a materials handling facility and port at Teesside.

[investment dave] 21/5/2017 18:18

Yes this will hit the sky tomorrow so high

[carla1] 21/5/2017 17:51

Goose ... going to take 100k first thing... Traders to play with...

Thanks for the advice :-)

[hazl] 21/5/2017 15:45

'Shore Capital models a risked net present value between 65p and 82.5p per share for Sirius, depending upon the nature and make-up of the project’s Phase 2 financing – suggesting very significant upside from the current price of around 21p."


Haven't seen this before....April date.

[richard26] 21/5/2017 12:27

Ha ha ho ho....

[carla1] 21/5/2017 12:08

Goose... you heard it here ... 40p will be reached in the very NEAR FUTURE !!!

All ABOARD

[richard26] 21/5/2017 12:06

ha ha i wish...

[investment dave] 21/5/2017 10:44

More than 29p open

[hazl] 21/5/2017 10:44

I know,11%.
It's all based on logic of observing what the hedge funds are doing.

You might well be right from a traders perspective,though you were (from memory) calling 25p a short-term top a few days ago.

What will be the long-term figure though?
That is the more difficult question.
Though more interesting to me.

[lenses] 21/5/2017 10:40

Hi Divmad.

I hope so. however regardless if the SM14B drill did not provide further geo data I suspect AMC will not delay the schedule but go ahead, but will have to add some contingency to their quote. This from the April prospectus, p50 of CP report (313)

"Provision has been made for the detailed design phase to be completed as part of the preworks schedule. As with all major construction projects, there is a risk that changes may be required to the design, schedule and, ultimately, the construction costs as the detailed design stage progresses into construction and the ideas are analysed and tested. AMC has utilised the available data and highlighted areas where more information is required. Predominantly this information relates to the portions of the shaft that are associated with the Bunter Sandstone and the Transition Zone.

A further drillhole, SM14B, plus deflections has been planned and costed which will add significantly to the information available and will allow for more detailed estimates to be developed. AMC has assisted in developing the requirements of this drill programme which will take place as part of the early works. This will allow AMC to coordinate with the drilling contractor and be involved in the collection of the data. The timing of this hole will be such that it will provide the necessary information prior to the completion of design phase.

AMC is satisfied that the areas of concern are sufficiently well understood at this phase to allow for the development of appropriate designs to mitigate the anticipated conditions. The design is sufficiently conservative and should cover most likely eventualities that could be encountered. So, whilst there are scenarios which could cause an increase in cost and/or schedule equally the drilling of SM14B could indicate that the opportunity exists to further improve the costs and schedule in the event that the conditions are found to be less challenging.

SRK has included a sensitivity analysis in its financial analysis presented later in this report which shows the potential impact on the economics of the project of delays in construction."

and this p54:

"SRK’s structural interpretation identified a possible fault in the vicinity of the shaft locations. This interpreted fault was assigned a moderate confidence (confidence decreases towards the southwest, becoming low as the shaft location is approached). While the interpreted fault has a maximum throw of 60 m at the Kirkham Abbey Formation, which is approximately 100m below the mining horizon, this is likely to decrease both to the southeast and upwards to the mining horizon and shaft. The presence or absence of this interpreted fault has not yet been confirmed by the SM11 holes or the partial drilling of SM14.

Further clarification will be obtained after completion of the proposed SM14B and its deflection holes. The drilling, testing and interpretation of SM14B and its deflections have been included in the cost estimates given in Section 13 of this report. These are planned to be drilled using triple tube coring assemblies which SRK fully endorses.

If the interpreted fault referred to above is confirmed during drilling of the SM14B borehole then this may require modifications to the design of the shaft or shaft bottom infrastructure. AMC has prepared the sinking estimates for costs and schedule based on the information provided to date. Contingency costs have been determined based on the information available from the boreholes drilled to date and the experience of AMC in negotiating the ground conditions likely to be encountered. Information derived from the SM14B holes will be incorporated into the design as part of the detailed engineering process."
-------
L.

[hazl] 21/5/2017 10:13

Oh come on....he's saying...

sell when I do .... because I couldn't stand the share going up when I'm out!

[11_percent] 21/5/2017 09:44

29p open tomorrow.

[11_percent] 21/5/2017 09:41

Never said that.

[plasticjohn] 21/5/2017 09:32

11_percent: So from what I can tell -- and it is quite difficult to tell because you talk in barely comprehensible riddles -- Sirius and its employees are engaged in one huge scam and the whole thing will eventually collapse. Any evidence for those assertions, if that is indeed what you're implying?

[11_percent] 21/5/2017 09:00

John,
When you click on that link, it wipes your PC.

[johnwise] 21/5/2017 08:36

Malicious Software Removal Tool

"Windows Malicious Software Removal Tool (MSRT) helps keep Windows computers free from prevalent malware. MSRT finds and removes threats and reverses the changes made by these threats. MSRT is generally released monthly as part of Windows Update or as a standalone tool available here for download."

This is not Real-Time Protection,Full scan can take up two hours..
Its free.

[redirect1] 20/5/2017 23:43

Guys this will share will rise as it is all fur coat and no knickers.
Hope the money lasts should go have a look at what there spending it on.
Fantastic new offices by the way huge building biggest office block in Scarborough floor each per employee.
Staff morale huge not.

[gilscottheron] 20/5/2017 22:51

I do okay......I'm doing okay. I'm never going to be rich........but if these do okay. So do I. I didn't think asking an honest question would be such a bother so I won't. Why would I be here if I didn't trade? My life is not that dull.....or is it!!

[11_percent] 20/5/2017 22:50

mr.oz,

Hope I did not cause too much problems in holders minds, things had to be said.

[11_percent] 20/5/2017 22:45

You do understand....

JPM did the funding

Now the big shorter.

IMO