Sirius Minerals Share Discussion Threads

[ppvn] 31/5/2018 10:32

Hi Lenses, sorry I'm being a bit pedantic. The totals add up to the 10.38% figure so they are double counting them rather than it being a subset, All of CFs shares are now held in his investment trust. I just find it surprising that FactSet produce this data that is either incomplete, inaccurate or incorrect and still get used! No slight to Sirius at all however. Data vendors should just know better.

[lenses] 31/5/2018 10:24

AFAIK they are correct PPVN.

Entry '2' is a subset of entry '1'. it would indeed be more informative if that was clarified.

L.

[ppvn] 31/5/2018 10:04

Thanks NMRN. Again though, I find myself in awe at how FactSet are able to pass off their "research" as anything but a waste of money. Look at the top two holdings in that list. Notice anything?

[lenses] 31/5/2018 08:20

Tnx NMRN.

Most enlightening. Note (edit) non nominee II holdings.

L.

[not my real name] 31/5/2018 07:58

Sirius response to e-mail.

Q1.In the recent RNS (17 Apr) you stated that $244.2m worth of bonds had been converted and this represented 61.1% of the bonds in issuance. $244.2m/$200,000 per bond equates to 1,221 bonds. 61.1% of the 2,000 bonds issued equates to 1,222. Can you please confirm which figure is correct?

A1.Following settlement of the Invitation, US$244.2 million in principal amount of the Bonds (representing 61.1 per cent. of the aggregate principal amount of the Bonds originally issued) are expected to remain outstanding. This equates to 1221 bonds. 1221/2000 = 61.05% rounded up, outstanding

Q2.In the last Investor Presentation (May 2018) you gave a free float figure of 90%. The directors account for 3.62% of the remaining 10% but can you tell me where the outstanding 6.38% are held?

A2.The free float figure is based on Factset data (see slide attached), Factset is publically available to subscribers, typically the outstanding 10% are Directors and individuals Factset would deem long-term holders. Factset generates the latest available data to produce the report and updates it regularly.

Q3.Why do you not include other trading venues (NEX, Chi-x, Turquoise, BATS) in your ADTV figures? The addition of these venues raises the figure from 22m to in excess of 25m.

A3.Because we are listed on the London Stock Exchange, this is what we chose to include.

NMRN

[ppvn] 30/5/2018 15:44

Thanks very much NMRN, very reasonable indeed!

As ever, guess it all depends on which data you choose to use!

[not my real name] 30/5/2018 14:51

Hi PPVN,

Got a reply from Sirius. The confusion over the number of bonds was caused by a mathematical coincidence. The actual figure was 60.05% which they rounded to 61%, or EXACTLY 1 more bond!

The 10% missing free float figure is made up of Directors holdings and people deemed to be long term holders by factset. They sent me a list which I will put in a separate post.

The reason for not including the other shares sales is.......we are listed on LSE and this is what we choose to include!

Fair enough all round I would say. Hell of a coincidence around the bond numbers though, and we both said before, albeit in a different context, that we don't believe in coincidences! I do now!

Oops, got visitors, post later.

NMRN

[carla1] 30/5/2018 14:33

Great news John.. Think we will be going north pretty soon

[thanksamillion] 30/5/2018 13:44

No idea what you are saying John as I have you filtered but welcome back after the long absence.

[johnwise] 30/5/2018 13:29

09:47 30 May 2018

Sirius Minerals shares set for a re-rating in the coming months as Yorkshire mine advances through development

Liberum has a 'buy' recommendation and with a 60p price target suggests substantial upside, although the broker's full asset valuation sees the mine developer being worth up to 110p per share

“The company has noted that Europe and Brazil are most advanced in terms of new offtake.

[johnwise] 30/5/2018 13:01

09:47 30 May 2018

Sirius Minerals shares set for a re-rating in the coming months as Yorkshire mine advances through development


Liberum has a 'buy' recommendation and with a 60p price target suggests substantial upside, although the broker's full asset valuation sees the mine developer being worth up to 110p per share

“The company has noted that Europe and Brazil are most advanced in terms of new offtake.

[ialwayswinatmonopoly] 30/5/2018 12:41

14, 16, 33, 39, 40, 45IMHO

[thanksamillion] 30/5/2018 12:31

All based on a repeat of Feb/Mar/April STO and RS charts I suppose, which is fine as long as history repeats itself - which it rarely does, tho it does tend to rhyme.

[carla1] 30/5/2018 12:23

Wow... great you see the future..Lottery numbers please x

[ialwayswinatmonopoly] 30/5/2018 11:54

The share price has peaked (in the short term) today if it closes at 34.5(ish)Trading is buoyed by the imminent AGM in the expectation that there might be something juicy amongst the formalities. Once it's realised that there's nothing other than reiterations of the status quo then the share price will flake to something around 31.5p which would be a good opportunity to add.IMHO

[skinny] 30/5/2018 11:19

Click on .

[andymoore07] 30/5/2018 11:17

Can you copy this article onto here please?

[skinny] 30/5/2018 09:50

Liberum Capital Buy 34.60 60.00 - Reiterates

[teataster] 30/5/2018 07:47

Another Times piece today:

hxxps://www.thetimes.co.uk/edition/news/the-government-should-be-backing-sirius-minerals-transformative-mining-project-p2t6zb25n

[cottlet] 29/5/2018 21:39

lengthy positive article in the times yesterday

[lenses] 29/5/2018 17:43

Ah yes. VSM - Vertical Shaftsinking Machine (or VSSM) - a general term for the various forms of automated cutting and muck lifting machines that are becoming more the modern way but in particular are safer for operatives as there is no requirement to work at shaft bottom re:



DMC propose to use a version of VSM with the same kit they used at Jansen, the Herrenknecht Shaft Boring Roadheader (SBR). So far proven to ~1000m - with some hiccoughs mind.



More generaly



Very impressive kit. It'll be a great day when they hit poly.

L.

[muckshifter] 29/5/2018 13:23

Thank you NMRN, I knew it referred to that machine, but couldn't make out what the initials meant!