Sirius Minerals Share Discussion Threads

[ppvn] 01/8/2018 12:33

Thanks for taking the time to refresh my memory of that list NMRN, but none of those things satisfy me to a degree where I am comfortable believing them to be the actual reason. CB strategies are well known and it's clear to anyone offering finance packages what will happen with the bonds. I like to believe that the path since stg1 finance was announced has been fairly clear in terms of share price performance, the behaviour of our CB holders, and hopefully that's been reflected relatively accurately in my postings (humour me - I like to think i have a rudimentary understanding of CBs for one!! ;-))

So why in that case would any financier need any of those things to be done? It would happen anyway. The conversions have been no more orderly than they otherwise would have been. The cash in the escrow account is paid to CB holders anyway. The hedging activity and the corresponding reduction in overhang would have cleared anyway too. So why? I still don't know but I'm never going to, unless I corner Staley personally sometime after all this is distant history.

Perhaps the world has indeed changed and evidence for compliance purposes is indeed needed for the blindingly obvious. I don't know. But all I'll do if I start thinking about this again is go on a path of rambling possibilities and maybes so I'll just keep quiet!

[hazl] 01/8/2018 12:32

Wow!
The highest it's been for ages....must be working upto stage 2 I guess.
So glad I wasn't put off by the many negative posts when I first came in here.

[ppvn] 01/8/2018 12:19

"Last but not least"!!

[not my real name] 01/8/2018 12:17

PPVN,

Good logic but your reasons, if put in order of importance, probably need reversing!

The PR machine has definitely moved into top gear in the last month. Again! Funny that!

Edit; Just looked at the original offer to convert and the reasons given are as follows:

· reducing outstanding debt in advance of the Company's stage two financing later this year

· enabling the Company to release some of the cash which was set aside in a secured escrow account to cover interest payments on the Bonds

· reducing hedging activities in respect of the Ordinary Shares by some Bondholders

· reducing overhang on the Ordinary Shares underlying the Bonds from ongoing potential ad-hoc conversions and enabling unwinding of associated hedges.

NMRN

[ppvn] 01/8/2018 12:08

I still struggle with the reasoning behind the incentivised offer. I've never seem anything of that nature with CBs before so I have resigned myself into believing it has something to do with stg2 requirements of lenders and that I'll never have an answer that satisfies me.

I appreciate that however many shares are left to sell (I still believe in the region of 450mm) is not an insignificant amount, however with the TorP level being at or very close to stg2 required levels, with the CBs undeniably running out, with the distinct possibility of financing to production being achieved in the next few months, and finally CFs options coming due - I for one can see a steady rise up and potentially accelerating past the upper bound of the CB conversion price, even if some shares remain to sell.

[not my real name] 01/8/2018 11:53

Morning lenses,

I take your point but the holders of the "half billion" are the ones who declined Staleys "generous" offer of an orderly conversion for bondholders!

I take from that that they think they can do better dripping them in as and when or wait for a big institutional buyer.

As you say, it's only 10% which a wealthy Chinaman (other nationalities are available) may decide looks good/cheap.

NMRN

[johnwise] 01/8/2018 11:15

UK exports to non-EU countries continue to outstrip EU

Export opportunities outside the EU continue to increase for British entrepreneurs as the UK transitions towards leave the European Union.

[lenses] 01/8/2018 11:15

Morning NM

"half a BILLION".

Yes, a very large number - but also well understood and well flagged. Detering the 'Herd'? Not a bit of it.......So far!

Two things stand out to me as this leads in to St2 (potential transformational as this huge earnings mine then fully funded to plan): Stayley's comment post the sweetened CB offer last April, re: "This has enabled us to facilitate an orderly conversion for bondholders" and how this behaved previously prior to the lead in to St1 and the vol turnover through then.

History doesn't repeat itself, but back then during that 4m to 2/11/16 churn/issue got to ~100%. From that I hope you can see that a decisive 'trampling underfoot' by the 'Herd' (or in Stayley's more technical: 'orderly conversion') of the 1/2bn (that's just ~10% of the issue) CB overhang is not only eminently doable but also highly probable.

The PI is willing and greedy!

We'll see how it goes.

ATB.

L.

[johnwise] 01/8/2018 11:04

‘Free ports’ plan for North could give UK £9bn boost

Proposals to create a series of free ports across the north of England are gathering momentum among ministers as a new report reveals that special zones could deliver a multi-billion pound boost to the economy and create tens of thousands of jobs.

Seven “supercharged free ports”, offering relief from customs and import tariffs together with enterprise zones that have tax incentives to boost investment, could create as many as 150,000 jobs and add £9bn a year to the economy, extensive research has found.

[johnwise] 01/8/2018 10:52

06 Mar 2018

"Our world class project based in North Yorkshire has the potential to disrupt the global fertiliser market and contribute substantially to the UK economy," said chief executive Chris Fraser

Sirius Minerals PLC (LON:SXX) expects to build on a year of “meaningful progress” with plans to significantly advance its fertiliser mine development through 2018.

The operational and boardroom efforts are expected to culminate in the completion of the project’s Stage 2 financing later this year.

Giving his outlook statement for the remainder of 2018, Sirius chairman Russell Scrimshaw described it as a “pivotal year” for the company.

“The construction of the first new fertilizer mine in the UK for a generation is an opportunity to create thousands of jobs and bring significant economic benefits to both national and local economies.

“In order to fully realise this transformational opportunity for the UK, a partnership with the UK Government, in the form of a Treasury Guarantee under the Infrastructure Project Authority's scheme, is essential.

“Securing this guarantee and our stage 2 financing will be our core focus for the year and I am comforted by our excellent progress made to date.”

[11_percent] 01/8/2018 09:53

Skinny,

Don't worry about the gaps......they will filled in a few years time when the construction/build of the shafts goes pear shaped in aquifer zone.

[skinny] 01/8/2018 09:44

A couple of gaps now on the chart.

[not my real name] 01/8/2018 09:40

Let's keep some feet on the ground. It's very nice that the share price is going up but volumes Monday and Tuesday were 27m and 34m. Today looks like being somewhere around there as well.

We have around half a billion shares (yes that's half a BILLION) waiting to enter the market! Plenty of sellers just biding their time and waiting for their price to arrive.

NMRN

[11_percent] 01/8/2018 09:21

"O" buys piling in.......... 37.271

[11_percent] 01/8/2018 09:19

been on the phone to my m8s @ the hedge Fund............going for 45....spike at 50.....this is it guys.......

[johnwise] 01/8/2018 09:16

It was All Over the News in November 2010

Potash made the news recently when BHP Billiton Limited (NYSE:BHP) withdrew its hostile takeover bid for the Potash Corporation of Saskatchewan (NYSE:POT). The giant mining company was staking its $39 billion bet on the projected long-term need for increasing the world's food supply.

PotashCorp is the largest fertilizer company in the world, engaged in the production of potash, phosphate, and nitrogen. With a presence in seven countries, it accounts for 20% of global production. In 2009, potash accounted for one-third of the company's revenues, totaling $1.2B in net sales. More impressive was that the gross margin from potash sales was 71% of the total, ample evidence of the profitability of this business segment.

BHP had its eye on the huge potash deposits in Saskatchewan, and PotashCorp has existing operations with extensive reserves in very stable environments. In addition, the barriers to entry in this business are substantial, requiring significant capital investment and long lead times.

The Bottom Line
With the world's population projected to grow by 75 million in the next year, the demand for potash is expected to grow along with it.

t's no surprise that PotashCorp was an attractive target to BHP. Life can't survive without food and water, and potash is a vital part of the formula for expanding the efficient expansion of the world's food supply. There are no known substitutes for potash, and the acquisition of PotashCorp would have quickly established BHP as a world player in this growing market.

Why Polyhalite is superior to potash

Sirius Minerals - The deposit

[11_percent] 01/8/2018 09:12

Its gona BLOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW


45p by Friday.....Stg2 finance sorted.....

[ttg100] 01/8/2018 09:03

What a waste of space - filtered

[2theduke] 01/8/2018 09:00

This is the SXX board.... nice copy and paste.

[johnwise] 01/8/2018 08:35

It's was All Over the News in November 24, 2010

Potash made the news recently when BHP Billiton Limited (NYSE:BHP) withdrew its hostile takeover bid for the Potash Corporation of Saskatchewan (NYSE:POT). The giant mining company was staking its $39 billion bet on the projected long-term need for increasing the world's food supply.

PotashCorp is the largest fertilizer company in the world, engaged in the production of potash, phosphate, and nitrogen. With a presence in seven countries, it accounts for 20% of global production. In 2009, potash accounted for one-third of the company's revenues, totaling $1.2B in net sales. More impressive was that the gross margin from potash sales was 71% of the total, ample evidence of the profitability of this business segment.

BHP had its eye on the huge potash deposits in Saskatchewan, and PotashCorp has existing operations with extensive reserves in very stable environments. In addition, the barriers to entry in this business are substantial, requiring significant capital investment and long lead times.

The Bottom Line
With the world's population projected to grow by 75 million in the next year, the demand for potash is expected to grow along with it.

It's no surprise that PotashCorp was an attractive target to BHP. Life can't survive without food and water, and potash is a vital part of the formula for expanding the efficient expansion of the world's food supply. There are no known substitutes for potash, and the acquisition of PotashCorp would have quickly established BHP as a world player in this growing market.

Why Sirius Polyhalite is superior to potash

Sirius Minerals - The deposit

[prmoldoaks] 31/7/2018 23:39

11% well before the share price can move forward it needs to clear sellers, and they're probably quite a few ready on break-out.

Plenty of buyers over 37p today they will be holding for good gains, the buyers buying out the weak hands

[11_percent] 31/7/2018 23:14

eurofox
31 Jul '18 - 17:55 - 33310 of 33313
0 0 0
well, that cleared out a few weak hands.

==========

What are you on about.......translation please...

[81lucky] 31/7/2018 19:37

SP Idea?
My guess is that the price will bounce around high 30,s (day traders etc) on anticipation of Financing news. Based upon type of financing share price should settle around brokers consensuses. 2021 should see a breakthrough of the £1 barrier. After which it will be at the mercy of market forces relating to poly4. (My view is that we are moving in times where food production will be up there along with climate change). Once debt is settled and full dividends kick in.....happy days!