Sirius Minerals Share Discussion Threads

[johnwise] 07/5/2017 22:01

Emmanuel Macron, 39, becomes France's president

You had your last chance France and you blew it. Enjoy the migrants ruining your once beautiful country.

[twelvefinches] 07/5/2017 21:20

what a bunch of efffing crooks, no wonder the aim market is on the verge of total collapse, GL

[carla1] 07/5/2017 20:50

TOON ARMY ? x

[incanus] 07/5/2017 16:15

New questions over armed robber’s funding
Marcus Leroux
The Times
An oil company chairman who concealed his underworld past by changing his name has links to a northern businessman that raise questions over his source of funding.

The Times reported yesterday that Daniel Levi, who as David Hopkins had served two prison sentences, failed to disclose his criminal record to the shareholders of Sefton Resources, in breach of London Stock Exchange rules. Levi made a name for himself sharing tips and gossip about small-cap companies through his website, GuerillaInvesting.co.uk.

[daniel levi bmd] 07/5/2017 15:27

Great Video.

Of Jekyll & Hyde, ethos Watch it!






Mr Hyde
(Dan)
x

[stock surfer] 07/5/2017 15:10

Looking good on the short and long term with all these media suggestions to buy SXX.

[gilscottheron] 07/5/2017 14:58

Obviously the week is always a week behind!!! But it's good that it included it in it's some to buy section and not the sell! All my little eggs are in this basket.......although looking long term!

[hazl] 07/5/2017 12:58

PPPVN thank you for your reply, I seem to have not had a moment for the computer since!
Above post,bodes well,as there are likely to be readers that are similar then, thanks Gil.

[gilscottheron] 06/5/2017 22:15

I can only afford the paper copy.....fell through my letter box this morning.

[investment dave] 06/5/2017 22:10

It happened last week mate.. have you been in incubation.?

[gilscottheron] 06/5/2017 12:45

Got tipped as a buy in The Week.......been waiting for years to see that happen!!

[ppvn] 06/5/2017 10:18

Hi Carla. Absolutely. I have no idea where the price is going. Nobody does and anyone professing to is guessing. As I have said several times, my sole motivation has been to hopefully help some people manage expectation going forward. Now also when RNS' are released, people will appreciate all they mean is money in the bank for Sirius, people appreciate the risk vs reward of selling at the upper end of the trading range, people know the likely lower end of the trading range, and people know the likely duration of the range. People now also know why the share price will behave as it will so hopefully won't lose any sleep over it. So yes, apart from all that, jackanory is about right.

[carla1] 06/5/2017 08:16

PPVN... Great input but as you admit... you don't have a clue where the price is going apart from a trading range for a while.. so it's all jackanory ?

[casapinos] 05/5/2017 19:15

PPVN - thanks - I promise not to trouble you again! Your "guess" is useful as it's obviously based on a sound grasp of , at least one, significant factor affecting the company and its SP, and it adds value to my analysis of the company , which was deficient in that area.I share your view that the company's prospects are good (or I wouldn't have invested!. I agree that the foreseeable risks in execution are, IMV tolerable , and that, as with any long term project, the "unknown unknowns" must be balanced. I don't think a major poly deposit will be found in Yunan or Sichuan province of china, or that GM crops with much larger yields will come along soon, nor indeed that the worlds population will stop growing for the next 40 years (but maybe level off?)On that basis i am happy to add for the medium term(in my case that's 5-10 years) - I am patient man! I am also a little more assured as a result of your input .
thanks again.

[ppvn] 05/5/2017 18:00

Hi Casapinos. As I’ve previously stated; I don’t have a crystal ball and I don’t know what decisions that the funds that hold our convertible bonds will make. All I can say is that on 27th April it was clear that the most likely path for our shareprice was back down to just below 24p, as I hopefully made obvious at the time. In my opinion, the most likely path that we will tread from here is that 23p or thereabouts should be the bottom. That will however be the bid; I think you would be lucky to pick up shares below 24p as I stated on Wednesday. For all the pricing below 24p yesterday, were there that many opportunities to buy below 23.5p? You could certainly sell shares, but not very many opportunities to buy. I’d guess that we will rise again now, possibly up to 28p, maybe even 30p. Will we come down again? I think that also likely. However - will I sell? I don’t think so – not unless there is some announcement that there is infact no potash, people don’t need to eat anymore, etc etc. That’s because if our CFO attracts the right party this share will continue to rise and much more so. But - there will be selling going on in the background, and there will continue to be. Remember that these funds also have a vested interest in the success of Sirius, and they are invested at $0.3076p. Sure, they can make money below also, but they will make more above. You’re asking me to guess at which point the funds will sell at – and the answer to that is I simply don’t know. I don’t know their strategies, and I don’t know their objectives with this stock. All I can say, and as I’ve previously stated, is that 20% return in a year is very good, and that’s at little risk to themselves. As I have also stated, by August(ish) time, and to say that month is simply because I’m guessing how long it’ll take to sell 1.1bn shares without negatively impacting the price based on market volume, I’d like to think that the shares will be sold and bonds converted – you’ll see from RNS’ going forward what strategy the funds are taking (and each fund may have a different one). To me, this share has considerable upside with what I at least perceive to be limited risk – but that is my own opinion, and I’ve hopefully made clear that nothing is guaranteed, every share can go down as well as up, blah blah blah. You asked me to guess, and I have. Not something that I’d usually like to do, but there you have it.

[casapinos] 05/5/2017 17:05

Thanks PPVN an excellent summary of your insights.A the risk of distorting your thesis, can I summarise and seek further clarification(you have every right to correct my misunderstandings) . Were you a convi holder you would drip converted shares into the market over the next 12 months?at a few mill per day in the hope of turning a tidy profit without depressing the share price below your key levels.Your assumption being that the attractions of SXX mean that all your sales would be absorbed by the market(PI's or II's?)
Hence early next year sxx has 5.2 bill shares in issue , the remainder of the present cash pile on the books(less construction expenditure)and is free of the dilutive implications of the debt and has an share price of 25p or above, ergo market cap £1.25 - £1.4 bill.
If that were not the case and there was still a significant rump of convi's uncashed, am i right in assuming the implications of that would be that holders had been unable to dispose because the downward pressure on the share price was too great?or that 8.5% per annum was a better return than was available elsewhere(though most expect interest rates to rise)presumably it is implicit in your analysis that convi holders have no intention of being long term holders of SXX stock (or any other?)
thanks again for your insight and yuor patience!!

[1crossfire] 05/5/2017 17:04

The biggest mistake anyone can make is to believe the crazy crazy people that post on here. No matter how believable it sounds

[ccr1958] 05/5/2017 16:27

No one ever went skint taking a profit :))))

[spirito] 05/5/2017 16:23

hands up if you let them steal your shares yesterday.

[richard26] 05/5/2017 16:01

27p next week...

[ccr1958] 05/5/2017 15:41

will watch now to see if ppvn is right ,he/she makes sense and is a welcome addition , I have taken some profit and stuck it in WG. GLA.

[ragewarrior] 05/5/2017 15:13

PPVN good posts but hard to read...I'll settle for 26p next week when Times and Mail highlight the share again... Ha ha

[blueball] 05/5/2017 15:03

25p finish here imo.