ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

SXX Sirius Minerals Plc

5.49
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals Plc LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 5.49 5.485 5.49 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sirius Minerals Share Discussion Threads

Showing 34851 to 34874 of 50600 messages
Chat Pages: Latest  1400  1399  1398  1397  1396  1395  1394  1393  1392  1391  1390  1389  Older
DateSubjectAuthorDiscuss
20/7/2018
06:07
Good morning ,RNS out positive imv
daithedeath
19/7/2018
22:19
Cartel working overtime and sounding desperate x
carla1
19/7/2018
16:24
I'd personally love to believe in the "stringent viability checks" but somehow, after Greece, I don't think SXX should have too much trouble...
ppvn
19/7/2018
15:38
I am happy with the equation format. The Government guarantee is subject to stringent viability checks and it is no secret to anyone in Government, Sirius or anyone else who has followed the story of this Company that TorPs = Banks backing (6 x £100m) = Government guarantee.

Read the Sirius website, it's all there. Read the Chairmans report (Scrimshaw), it's in there too! Read the banks initial response to investing and guess what............it's in there too!

Edit: I almost forgot. It's in the original feasibility study as well!

NMRN

not my real name
19/7/2018
15:17
NMRN with respect, your equation is in reverse format.

The government needs to show the world that brexit worked and we are doing Okay. it is inconceivable that it will walk away from a guaranteed job generating GDP improving project and leave a hole in the ground.

So the question is when (not if) it will 'come out'. That's when the share price should head for it's true value.

81lucky
19/7/2018
14:45
Admire all your confidence but the facts are...............no torps = no bank finance = no Government backing.

NMRN

not my real name
19/7/2018
14:35
The Government will back this project, It's going to create so many jobs, tax incomes, spending for the UK economy
prmoldoaks
19/7/2018
14:25
My guess is that the government will make a 'statement' by announcing a successful project, generating plenty of UK (Northern powerhouse) jobs, around BRexit negations. I feel Gilt edging of stg2 bonds will keep until then, regardless of off-take situation. When this happens the share price should find it,s true de-risked value. share price for now should hoover around current or MM manipulation values. (Please note the first two operating words)
81lucky
19/7/2018
13:28
81lucky/LizSlave,

Good article, well found. Just backs up what all the sensible posters have been saying on here for months and months.....................we need more off-take agreements.

Nothing good happens without them and that is why the banks have not sent their commitment letters yet!

Fingers crossed they get some signatures on the long promised TorPs very soon.

NMRN

not my real name
19/7/2018
12:27
Why the world needs Sirius to succeed

by Chris Fraser, CEO

By 2050 the global population is expected to reach a total of 9.8 billion people[i]. To accommodate them, more food must be produced than ever before in human history.

johnwise
19/7/2018
12:12
https://www.sharesmagazine.co.uk/article/crunch-time-for-sirius-minerals-as-it-tries-to-secure-3bn
lizslave
19/7/2018
10:38
There is an article in the share magazine that makes the current position, with pro,s and con,s and pricing clear to date. Very interesting story so far and future insight.
81lucky
19/7/2018
09:49
Sirius Minerals PLC 47.9% Potential Upside Indicated by Berenberg
johnwise
19/7/2018
08:10
Site is shut. Delay is inevitable. Bad publicity followed. HSE will be monitoring Company even closer now. Not sure what your point is?

NMRN

not my real name
19/7/2018
07:55
The accident was at Wilton not Sneaton
mirandaj
19/7/2018
05:59
Another accident closed the site since monday. Another delay! Need to get the safety sorted. Bad publicity and HSE will keep shutting them down for longer and longer periods.
NMRN

not my real name
18/7/2018
22:49
PPVN, your view is the norm in many sectors but the large mining companies, esp the state owned ones are very used to taking long term views on mine investments so I don’t necessarily think a transaction can only be post construction/cash generation.
lendmeafiver
18/7/2018
22:20
Hi lendmeafiver,

Doubt any bids from companies for sirius prior to them becoming cash generative. But you've hit the nail on the head for investors; once our mandated sellers exhaust their supply (below $0.5383) the price should realistically go up quite significantly. Cheap at this price, simply because of our CB holders. Will change soon enough.

ppvn
18/7/2018
20:42
There must be a short window of opportunity for a bidder for this company between the next tranche of offtakes and funding close. After that the price rises.
lendmeafiver
18/7/2018
19:27
Well if the mine is as good as they say it is, repaying the debt shouldn't take that long...100% stage 2 financing seems appropriate....
beeezzz
18/7/2018
13:33
if you read all the replies, they retract their statement a little.

"Negotiations with lenders are ongoing and the Company is on track to achieve financial close in 2018. It is our intention that Stage 2 financing will be 100% debt."

peteship
18/7/2018
12:39
Should they not have RNS'd that tweet info confirming 100% debt? Its been talked about all over the place as the next big hurdle. I anticipated confirmation of arrangements to be a big mover of the share price in either direction.
coldspring
18/7/2018
12:28
Hi PVPOWER,

The article I was reading was in relation to oil prices going forward into the next decade so is largely unrelated to sirius. In a nutshell, more and more sweet crudes (low in sulphur) are being exhausted and with sour crude being more used in refineries there is a greater content of sulphur in the heavier fractions. Power stations have scrubbers fitted to remove the SO2, but the global marine fleet can no longer be fitted with these in time for the 0.5% sulphur content fuels that must be used from 2020. So basically there should be a more rapid reduction in SO2 in the atmosphere from that time. Levels have been falling gradually for a couple of decades - historically crops got their sulphur intake by rain dissolving SO2 in the atmosphere so farmers haven't really needed to add more. But that's all changing which is why grasses, potatoes, etc etc are all showing an incredible increase in yield when poly4 is added. Sirius are targeting (for the moment) high value crops rather than broad acre, so as to maximise profit in the early production years. But more and more crops will need a source of sulphur going forward.

There is obviously loads of the stuff about, but it's how to do it in a cost effective way. MOP has no sulphur, SOP obviously does but the cheapest that can be made is about $200 or $300 per tonne. Sulphur can be directly applied, but in itself is water insoluble and changes the pH of the soil so needs to be ground down and mixed into the soil. Costly and tiresome.

Sxx are forecasting cost of sale at $31 per tonne to the dock. For many years they should be way, way ahead of any other source of this increasingly important mineral (and poly4 has three other critical minerals too...).

Re. The CBs and sirius' comments, I don't disagree that they are unlikely to be playing games. But what they have said doesn't rule out dilution and I've not heard anything that does (I've listened to all their calls). I am aware they have delivered on their promises, but just highlighting that no promise has yet been made to that effect.

ppvn
18/7/2018
10:29
The tweet says 100% debt. CB allow a provision for equity. I don't think they are trying to play games by saying 100% debt if there is a chance of a hybrid option.
ialwayswinatmonopoly
Chat Pages: Latest  1400  1399  1398  1397  1396  1395  1394  1393  1392  1391  1390  1389  Older

Your Recent History

Delayed Upgrade Clock