Sirius Minerals Share Discussion Threads

[blindsquirrel] 19/6/2017 14:44

Cheers grahamburn,
So am I right in thinking you are saying that the higher share price would be less dilution? The converter would get $200,000 worth of shares per bond rather than a fixed quantity of shares per bond?

[grahamburn] 19/6/2017 14:32

I have no wish to start a minor family disagreement, but I fear my brother might be incorrect in his earlier posts in response to blindsquirrel's query on the conversion rate for the bonds.

The INITIAL conversion rate (announced on 3 November when the bonds were issued) was indeed 25% above the Placing Price for the concurrent placing ordinary shares of 20p (namely 25p) at the then rate of exchange with the dollar.

However, Friday's conversion rate was 30.76p - 1m divided by the number of shares issued and all the previous conversions seem to have been at that price. I am unable to locate any precise information as to how this rate has been arrived at, but guess it must have been in the full offer document for the Placing Shares and/or Convertible Bonds (which I cannot locate from a quick search).

With all the conversions taking place in the past month or so, when the price has hovered above 30p, there is some logic in the conversions by some of the bondholders.

[johnwise] 19/6/2017 13:03

19th June 2017

Sirius Minerals PLC 84.6% Potential Upside Indicated by Liberum Capital

[blueball] 19/6/2017 11:39

Looking good for 35p this week sometime.

[blindsquirrel] 19/6/2017 11:18

Trading with a much smaller spread today. I guess it's because of entry to 250 there is more mm involved. Hope there is a positive quarterly report this week as that should give it a boost up.

[hazl] 19/6/2017 09:48

Back in this morning.This is better suited to riding
it out really I have decided.
Good luck folks.

[mr.oz] 19/6/2017 09:06

mmm.... the essential bit is a bit of a stretch
( it's a new product , purporting to be essential/bulk yet is currently niche
interesting pricing strategy to unfold )

[mad foetus] 19/6/2017 08:58

It looks a uniquely compelling investment opportunity. Easy to understand, well funded, in a part of the world where jobs of this type are desperately needed, and a product that is essential.

[johnwise] 19/6/2017 08:50

07:00 19 Jun 2017

Sirius Minerals' FTSE 250 elevation underlines growing market confidence in the Yorkshire project

[spirito] 19/6/2017 08:44

Slow upward pressure hopefully.

[tmmalik] 19/6/2017 02:36

This week shares will move to 35-40p territory I guessQuarterly update due which contains some positive update about project plan timelines.

[carla1] 18/6/2017 22:34

Goose it's not a nation wide portfolio.. Geordie land... the wombles make things to difficult.!! Ps.. you been drinking with ant ??

[11_percent] 18/6/2017 22:31

Carla1,


Do you think the Stg2 funding will be secured on the mine/ resource.

Answer the question....did you have knomes in Grenfell.

[11_percent] 18/6/2017 22:23

4 Para are waiting.

[11_percent] 18/6/2017 22:21

Fact verse politics.

[carla1] 18/6/2017 22:16

Goose hide.. the wombles are coming out with security !!

[11_percent] 18/6/2017 22:11

Oh dear....

The Greatest and Best City is New York.

Fact Number 1, high rise is safe.

----

Unless you got cought up in 9/11.
Which was self inflicted.

[11_percent] 18/6/2017 21:19

mr.oz,

DIS.

I am told the cash flow is not good, hence the recent share price fall.

I am getting out, when/ if we have wee rebound.

[11_percent] 18/6/2017 20:59

Carla,

Did you have knomes in Grenfelld.