Sirius Minerals Share Discussion Threads

[not my real name] 26/7/2018 10:30

prmoldoaks,

You are oblivious to FTSE250 Trading rules, as I say this is not AIM

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hxxps://www.handbook.fca.org.uk/handbook/DTR/5/1.html

I bring your attention to DTR 5.1.2

Exactly as I described in my previous post. It would seem you are oblivious to reality which I find surprising for someone who has "been trading in this game professionally for many years." :) LOL LOL LOL

NMRN

[ppvn] 26/7/2018 09:47

Haha! GM to you too. I think the latter!

[not my real name] 26/7/2018 09:44

Morning PPVN,

Great minds or fools? :)

NMRN

[ppvn] 26/7/2018 09:41

Hi prmoldoaks,

If you look back to the RNS' from mid 2017, you will see several entitled "issue of shares pursuant to convertible bonds". You will then also note the blocklisting application dated 29th June 2017 where it makes it clear that no individual RNS' will be provided for bond conversions going forward. There was another blocklisting RNS dated 12th July 2018 which was made, presumably because the 300mm filed last year have been exhausted.

No filing is required by selling bondholders, other than their declaration of shorts. This is because they are not selling down a holding, they are selling shares short which they then return to their lenders by converting their bonds. No holdings RNS are required since they hold bonds which are not necessary to declare.

Our bondholders are interested only in selling shares for the maximum price they can achieve; whilst they are short, this is only a mechanism used as part of a CB strategy. This has been discussed many times.

You are indeed correct when you mention that people should be careful when reading bb comments.

[prmoldoaks] 26/7/2018 09:37

ha ha more dribble again good attempt though, but still inaccurate dribble no FEEDING this market !!!!!

You are oblivious to FTSE250 Trading rules, as I say this is not AIM

[johnwise] 26/7/2018 07:38

"The Sirius Minerals Foundation has launched its latest grant giving programme, which this year focuses on increasing or developing skills in the local area.

Last year the charity gave out grants totally nearly £300,000 to local community projects.

[johnwise] 25/7/2018 19:56

prmoldoaks 25 Jul '18 - 18:48 - 33163 of 33164 0 1 0

Wow I've been trading in this game professionally for many years and I've never ever read so much inaccurate dribble in all my life lol

[hazl] 25/7/2018 19:18

Fair enough.
Let's keep it civil.

[prmoldoaks] 25/7/2018 18:48

Wow I've been trading in this game professionally for many years and I've never ever read so much inaccurate dribble in all my life lol

The price being held back/down by bondholders selling slowly ha ha ho ho ha ha lobl.

Where are the RNS to support this, there are none and I rest my case, and please don't come back and say they don't need to notify??????? anyone with that % of stock would have been obliged by law, (reduction in holding). This FTSE250 not AIM !!!!!

If this stock is being sold down by a major holder you would not see an upward trend line chart for this long, I put this all down to some trying to de-ramp the stock probably because they sold at 28p and have been hoping to get in lower ever since, seen it ALL before.

35p is a resistance level that's all, and many early buyers down to 22p recently will probably have stop set at 35p as it was set quite convincingly in the chart as the recent high last time, that's why a wave of selling comes in not a crafty Bondholder sitting behind his desk saying oh lets sell a few more and hope we don't get noticed lol

Be careful what you read on the BB's guys

[not my real name] 25/7/2018 17:38

Hi Lenses,

Short tracker only tracks those with more than 0.5%. That equates to 36 bonds or 23.5 million shares. I would think there would be very few CB holders with that amount, maybe a handful?

Their sales would then not show up on short tracker.

I did also mention the redemption at 40p in my post.

As you say, time will tell.

Hazl, don't start again.

NMRN

[eurofox] 25/7/2018 17:35

SETS stock easily manipulated through DMA with quote stuffing

[lenses] 25/7/2018 17:16

I think the comment from Staley on the outcome of the 'Invitation for conversion..' (17/4 RNS). Re:

"This has enabled us to facilitate an orderly conversion for bondholders and optimise our capital structure ahead of stage two financing later this year."

may give the clue that CB holders are quiet and not much in the way of bond converting is going on at present. Plus it is notable that there is little movement re variation in open shorts - a rise of some 0.35% over the last ~3 months, covering ~25 bonds only.

I've long concluded 35p is the self imposed cap by the market (the vast majority of that action coming from traders, who also in vast majority follow the tenets of TA aisi). 35p arose from the kicking the share price got from June '17 - post first conversions. Other later conversions have not been instigated by a 35p cross afaict.

So the question is who's right?

Also note the co can redeem at par post 19/12, if the share price crosses 53.85c, presently 40.8p.

L.

[ialwayswinatmonopoly] 25/7/2018 16:47

SETS stock can be manipulate you tit.The price moves without trades and intra-trades. Maybe it's pixies?!?

[hazl] 25/7/2018 16:36

Yep he gets personal....don't worry monopoly....
He's not worth it.

[carla1] 25/7/2018 16:28

She gonna BLOWWW

[ialwayswinatmonopoly] 25/7/2018 15:57

Dear fountain of all knowledge Why are the bond holders active at 35p and not say 34.7p, 33.45p etc etcThe 30dma & 200dma have now clearly diverged (in last few days) which indicates early pressure of an upward share price movement. Chill out with the confrontation

[not my real name] 25/7/2018 15:41

Monopoly,

The bondholders have been dribbling shares into the market ever since the price went north of 25p, which was the strike price. We have tracked them throughout and that is where we got the figures from. Obviously they can't short a 100m shares at a time because that would slaughter the share price and take the share price below their 25p strike price. (Which would then spark a flurry of buying as they could then profit from buying at less than 25p.

Half a billion shares waiting to be sold would rein in any share quoted on the stock market. You are being a bit naive to think otherwise but if you insist, dream on!

NMRN

[ialwayswinatmonopoly] 25/7/2018 15:35

The direction of the share price is driven by a the sentiment, OBV and MM manipulation. I don't think the volume from the conversation of bond holders is active. The activity at 35p is not big enough to point to the scale of the bond holders.Mark my words. When this punches through 35p in the coming days it WILL fly and CB will not rein it in.

[not my real name] 25/7/2018 15:27

Monopoly,

What planet are you on? We had the discussion yesterday about the outstanding CB holders. PPVN and I may have varying opinions about how many are still outstanding but the answer is definitely between 450 and 700 MILLION shares. That's why the price gets smashed when it gets near to 35p.

With the volumes being traded at the moment (less than 20m average per day) it will take months for us to be clear of the sellers.

Normal charting rules (not that I believe in charting) do not apply because we KNOW there are hundreds of millions of shares that will be sold.

What indicators point to an imminent breakout?

NMRN

[ialwayswinatmonopoly] 25/7/2018 15:12

35p is a widely accepted resistance for this stock. If you have watched the activity over the last few days you will notice that every time 35p is offered it gets smashed with selling. If we are to break 35p then the sellers have to run out. Nothing more complicated than that. Once buying outstrips selling at the point of 35p then we can move on. Not long now though. All other indicators point to an imminent break out.

[11_percent] 25/7/2018 15:03

y1,

You don't say........

[y1phr1] 25/7/2018 12:15

Somebody must be fixing this share valuation it's to constant