Sirius Minerals Share Discussion Threads

[blindsquirrel] 21/2/2018 14:09

Oh I see. I thought you were out of SXX....I guess that fantasy trade didn't count lol

[11_percent] 21/2/2018 13:56

Long and strong.............SXX is going to BLOWWWWWWWW..............I TOLD YOU THIS, 22 WAS THE LOW.


Out of DOW at moment...........will get back in when it stabilises and resumes its rise to 50,000.......hedge at 40,000.....

SXX up 11% from 22p.....

[blindsquirrel] 21/2/2018 13:52

And just for the record.....are you long or short on DOW at the moment?? LOL

[blindsquirrel] 21/2/2018 13:49

Let me guess 11%......you are back in right? Sorry I mean you were back in at the absolute bottom lol

[sux_2bu] 21/2/2018 12:48

Price rising nicely. :-)

[borisjohnsonshair] 21/2/2018 12:47

11 IQ it's you that likes to blow.

[11_percent] 21/2/2018 11:35

Anyway..........as I predicted.....22p held, and share shuffle took place.........we are now on a PUMP........look for that RNS.

its going to BLOWWWWWWWWWWWWWWWWWWWWW......

[11_percent] 21/2/2018 11:31

Some posts from "The Fall" thread (XEL)............carla1, they were not even going to tell you....lol......

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o1dsmokie
21 Feb '18 - 11:11 - 401 of 404
0 0 0
Another death in the XEL saga, it`s all over now, not a penny left- they were warned

hahahahahahahahahah

11_percent
21 Feb '18 - 11:17 - 402 of 404  Edit
0 0 0
smokie,

who now???



o1dsmokie
21 Feb '18 - 11:20 - 403 of 404
0 0 0
The company,

the share and the company are both officially dead, not even enough for a stamp to inform Karlala

[chrisatbirdies] 19/2/2018 16:50

Thanks for the posts ppvn and pugwash north.much appreciated

[stoaty1] 19/2/2018 16:43

pugwash north, monthly updates from somebody on the ground would be most useful and appreciated.

[teataster] 19/2/2018 16:34

Thanks for that pugwash. Keep posting it's good to hear another local perspective.

[pugwash north] 19/2/2018 16:24

Living only a stone throw away from the main site I have seen the progress being made for a few years now. Having been on site a number of times now the professional & attention to detail is superb. There quest to pacify locals, improve infrastructure & encourage well being has been very refreshing. Having bought in at less than 8p I am very happy with the progress & also the mineral rights they have been paying out for close on 3 years now have all been re-invested in further share buys. I have no doubt this project will succeed. The Lockwood Beck station is well advanced as I pass that almost weekly.This is based solely on the way Sirius have gone about ever aspect of the project. I am no analyst just a vey confident local investor. I can accept glitches along the way, as there has been. Even when share price touched 40p I was not tempted to sell. I know this is not backed by anything else than a "gut" feeling. I just though you might like a view from a local prospective.

[y1phr1] 19/2/2018 16:01

Totally agree with you ppvn.

[ppvn] 19/2/2018 15:32

Everyone welcome as ever for the musings. As I’ve said in the past, it’s only a written justification of my investment here – useful to put out to scrutiny since its very beneficial to have scrutiny placed upon investment strategies. I do think the stars will align though - and I’m probably more optimistic, but from the sound of it, also more pessimistic for possible outcomes for Sirius. I only invested here because I believe debt finance will be achieved and think there is enough evidence for me to assign around 80% probability of this happening. I’m of the view that should debt finance be secured, the uplift in price from here will take many by surprise, and that once the mine is built out and we are a producer, it will be an entirely different ballgame. For example, I believe Sirius really will get into the FTSE 100 without having ever produced more than a few test cores of polyhalite. However, without debt finance, I think the discount will be severe – sub 10p. But I don’t give this outcome greater than 20% chance for reasons I’ve previously noted, and I lose no sleep over this possibility. Debt finance, if achieved, I also believe will be at a higher interest rate than 4 or 5%. My investment therefore has an asymmetric risk reward profile – I’m 80% sure that I should return more than 1000% over the next 5 years. If and when debt finance is announced I believe that the overhang of our bonds will be cleared and institutions will begin buying this share in earnest, and the shareprice will of course reflect this. I am however cognisant that I assign a 20% risk to losing just under 50% of my investment – and I can live with those numbers.

[johnwise] 19/2/2018 14:34

What’s more, financial security should lead to a re-rating of the stock as investors pile in to take advantage of the de-risked opportunity. Indeed, as I’ve written before, if Sirius can achieve its production target of 20m tonnes a year, it could produce an annual profit of more than $2bn or approximately £1.4bn compared to the firm’s current market cap of a little over £1bn.

[dp1umb] 19/2/2018 14:15

11% I don’t always agree with you but your right about the loan funding stg 2 it is by know means a given so without it there would be a dilution at a discount to the previous offer so we would be talking about 18p per share.

[11_percent] 19/2/2018 13:26

PPVN an excellent post without being a ramp.


============

.................I believe that the signing of 4.35mm TorP agreements reflects this and am still optimistic (and yes it is optimism) that the 7MTPA figure will be achieved in the relatively near-term.........

So, basically, the belief that the offtake figure will be met, is based on "optimism".

The other rampers belief is based on "conviction"........see above.

[johnwise] 19/2/2018 13:21

What’s more, financial security should lead to a re-rating of the stock as investors pile in to take advantage of the de-risked opportunity. Indeed, as I’ve written before, if Sirius can achieve its production target of 20m tonnes a year, it could produce an annual profit of more than $2bn or approximately £1.4bn compared to the firm’s current market cap of a little over £1bn.

[dp1umb] 19/2/2018 13:20

PPVN an excellent post without being a ramp.

[11_percent] 19/2/2018 12:57

Not My Real Name
19 Feb '18 - 12:20 - 31105 of 31106
0 0 0
Thank you indeed PPVN. You are in danger of being labelled another employed troll by the resident rampers but your input is most definitely welcomed by the handful of realists on here.

NMRN
=======================

Don't think he is an employed boiler room troll............more a "top boy" from the Hedge Fund.

[11_percent] 19/2/2018 12:36

Hi guys, its quite simple.

We need the Stage2 finance to complete the construction of the mine....end off.

We want the terms of that finance to be as cheap as possible.........this means loans as opposed to the deals that were done to get Stage 1 finance away.

So, what CF does is, goes to a syndicate of banks and ask for a loan. He says that the repayments on these loans have a cast iron guarantee. He says, the UK Government, through the IPA, will guarantee the repayments on the loans, so even if SXX goes bust, the banks still get paid. He says, that because the Banks are guaranteed to get their money back, it is low risk and the banks should give SXX the loan at a nice low interest rate, say 4-5%.
As you can see, SXX should the cash for Stage 2 at a very low interest rate.

Now, the Banks don't just give out a Billion. They have said, we need to be sure there is a business here.
That is where the 7 million Ton per annum comes in. The banks said, SXX needs to get offtake agreements of 7 million tons per annum to demonstrate there is a market here.

So, this is where we stand at the moment, we have 4.3million ton per annum offtakes agreements, and need more.

If this does not happen................Stage 2 finance being loans is off the table.

That means Stage 2 finance will a lot more costly and look something like the Stage 1 finance.

[not my real name] 19/2/2018 12:20

Thank you indeed PPVN. You are in danger of being labelled another employed troll by the resident rampers but your input is most definitely welcomed by the handful of realists on here.

NMRN

[teataster] 19/2/2018 12:17

Thank you for your contribution PPVN, an interesting read.