Sirius Minerals Share Discussion Threads

[11_percent] 06/5/2018 23:05

Anywhere you like....

[carla1] 06/5/2018 22:50

Goose where do I drink in abz

[11_percent] 06/5/2018 22:46

Evening Carla, was not ignoring you......was on a role.

Do you think we will see the rising this week......

[11_percent] 06/5/2018 22:44

PPVN......your sacked.

eurofox is now "Top Boy".

[carla1] 06/5/2018 22:39

Goose... in your Scottish haunt x

[11_percent] 06/5/2018 22:24

hazl,

That will get them attacking you.

-----------------

POST OF THE WEEK
eurofox
1 May '18 - 16:45 - 32214 of 32294 0 1 0
3 trades at the close (including the UT) totalling over 5 million, together with impressive management of the order book all day long all contribute to the good progress - also good to be in a commodities share like this right now.
=====================
# Main trades are after hours.
# “impressive management of the order book all day long”…..the use of bots/algos here has been excellent.
# “contribute to the good progress”̷0;…...indeed, as I said, share price being walked up in an orderly fashion.
# “to be in a commodities share like this right now.”………..tend to disagree with this bit, as this is not a commodities share at the moment, it’s a financial share…

[hazl] 06/5/2018 22:11

John you keep posting while the other poster talks to himself.
People know the score here now.
The share-price will do what it will do.

[johnwise] 06/5/2018 21:14

Video President Trump spoke about immigration, his poll numbers and the GOP tax law at a tax event in Cleveland, Ohio.

[johnwise] 04/5/2018 20:55

USA Unemployment Finally Falls Below 4% for First Time in 18 Years
Video

[ppvn] 04/5/2018 18:58

Hi CHF, no problem at all. As you can see, it's a bit of a guessing game (we have to guess at what price the funds will sell, how much finance costs are on their shorts, CB coupon values etc) which is why it's an inexact science. But hopefully it can be seen, from the data we currently have available, there isn't that much longer to wait.

Eurofox, lol. I genuinely thought it was an autobot posting old stories until very recently.

[johnwise] 04/5/2018 18:50

You to can go blue, join the big boys with no timing out on the monitor page and much more from £15.75 a month

[coolhandfluke] 04/5/2018 18:48

Hi PPVN Many thanks for your time and patience explaining how it works. I'll have to read a few times before it sinks in.CheersCHF

[eurofox] 04/5/2018 18:35

Johnwise,

Why are you such an objectionable person?

[ppvn] 04/5/2018 18:04

Hey CHF, no. A CB strategy is:
1. Buy CBs
2. Sell corresponding shares as a hedge (thus building short interest in issue)
3. Convert CBs into shares
4. Return borrowed shares from short sell using converted bond outturn
5. Continue until all CBs converted.

We are in the latter half of stage 5 I believe so as I was saying earlier, it's not going to be too much longer. Because a significant number of bonds already gone and established shorts remain, the price that CB holders are prepared to sell at is increasing, hence our share price is going up. Once all CBs gone hopefully it can be seen that a large element of the downward pressure on our shareprice will disappear. Hence I expect a large uptick in our share price once that happens.

[johnwise] 04/5/2018 17:59

You could ask this guy instead of making it up on the hoof

[coolhandfluke] 04/5/2018 17:55

Hi PPVN Sorry. Are you saying 'when bonds converted the number of shares go up so, as a percentage, shorts go down?

[ppvn] 04/5/2018 17:10

Chf, the shorts could be unrelated but every time bonds converted the numbers go quite significantly down, and all declared shorts (barring JPM) have been funds that operate convertible strategies. So it is a guess but I'm personally confident in the guess. Unfortunately our CB holders don't tell us their current positioning so we have to go with the clues they leave in the public domain...

[coolhandfluke] 04/5/2018 15:45

Hi PPVN/NMRN Actually I do not understand the correlation between the short shares and the cb's. Why aren't the short shares just borrowed by someone with nothing to do with cb's?Cheers.CHF

[sux_2bu] 04/5/2018 15:34

Price is grinding now

[coolhandfluke] 04/5/2018 15:16

NMRN Thanks for your explanation. Good information to have to try and understand the share price movement better.

[mr.oz] 04/5/2018 14:41

NMRN. Congratulations, that's once more than I did

[not my real name] 04/5/2018 14:21

Thanksamillion,

LOL. I keep him open because I remember he has twice found something new AND relevant.

Bit of the chimps, typewriters and Shakespeare syndrome methinks.

NMRN

[thanksamillion] 04/5/2018 14:15

NMRN

Dont know what you are on about, all I ever see from JW is "Filtered"