Sirius Minerals Share Discussion Threads

[carla1] 21/8/2018 09:47

Bothdavis they are employed to troll this share...a nice little cartel of them ..swapping log on names all day...in fact most days they talk to themselves...all designed to give a negative vibe and back slap one another.. you have spotted them..it's not hard

[mr.oz] 21/8/2018 09:32

Better post 😁

[not my real name] 21/8/2018 09:21

bothdavis,

You obviously have no idea about anything to do with the mechanics of this share.

Read some of the previous posts, educate yourself, then come back and have a sensible conversation.

NMRN

[bothdavis] 21/8/2018 09:11

Never understand - If you are invested in a company- why give negative responses to people trying to share positive info OR if your not invested - why post negative comments at all - are you simply enjoying winding others up OR just mischief making?

If your NOT invested and surely want the share price to rise - go away!

[not my real name] 21/8/2018 09:04

Marshall Wace now shorting again having been absent from the tracker since the enhanced offer.

Just reached the 0.5% limit so trackable again.

That's 4 large funds active at the moment. share price going nowhere fast and I fear that even with good news we will get a surge for a couple of days then shorted back to 36p. Have to get rid of them though so just have to accept it. Maybe Johnmoron could post something positive from 2015 to help us!

NMRN

[johnwise] 21/8/2018 08:04

About Us

For 100 years the Institute of Quarrying has been supporting people working in the mineral extractives industry. We are the only professional body with the history, knowledge and international experience to advise both individuals and businesses about the skills, training and personal development needs required to build successful industry careers.

Feb 17, 2017
Our largest turnout for many years met recently in Doncaster for a presentation by Matt Parsons of Sirius Minerals on their planned new mine in North Yorkshire.

[eurofox] 21/8/2018 07:53

It's alright JW. No need to apologise

[johnwise] 21/8/2018 07:48

Excuse mr.oz.. third rate education and Low IQ

Herrenknecht Tunnel Boring Machine (TBM) animation.

[eurofox] 21/8/2018 07:46

More clotted cream please.

[mr.oz] 21/8/2018 07:42

Johnstupid. All part of the propaganda project team.

[johnwise] 21/8/2018 07:39

A major mining project will “transform” Teesside’s economy and breath new life into the Wilton site, a new report claims.

The economic impact assessment by leading consultants Quod predicted the Sirius project – to mine and export a vast resource of natural fertilizer known as polyhalite – will create thousands of jobs and attract new investment into the area.

Since it was given the green light, Sirius Minerals has already started digging in North Yorkshire to mine polyhalite - which will then be transported to Teesside for processing.

Now a new independent study has estimated the £3.2 billion project will permanently add up to 17% to the economic output of North Yorkshire and increase the size of the Tees Valley economy by 18%.

And it said the benefits will be felt for decades to come – delivering a huge long-term boost for the area.

Construction work has already begun construction work on its Woodsmith Mine site near Whitby.

Two 1,600m long shafts are being drilled to extract the polyhalite, a unique fertilizer which contains four of the six minerals plants need to grow and has been proven to boost crop yields.



The polyhalite will then be transported through a 23-mile long underground tunnel to a new processing plant and specially-built harbour facility at Wilton International on Teesside.


The development will have a national impact

The Sirius Minerals project is the largest private sector investment in the North of England and is set to deliver major economic benefits for the UK in the coming years,

The Quod report said the project would boost Britain’s economy by £2.3 billion a year after Brexit as millions of tonnes of fertilizer from North Yorkshire are exported from Teesside right around the globe.

It also laid out a series of local benefits, including the creation of more than 1,000 high-paying jobs along with training opportunities for local people.

Sirius will become one of only 265 firms in Yorkshire and the Humber employing more than 1,000, and recently announced a series of open days for local people to find out about employment opportunities.

The positive knock on effects

The project is expected to attract investment from other companies involved in the supply chain, creating a “clustering” effect at Wilton.

The report said: “Sirius will spend £316m every year to operate the mine and will prioritise domestically sourced inputs wherever possible, supporting supply chains in starch, wax, utilities and machinery.

“This spending will have the potential to strengthen the existing industrial cluster in Redcar and attract new, complimentary investment.”

It added: “The mine and facilities will support an integrated and circular supply chain, strengthening existing clusters and creating new ones.

“The North East, and Teesside in particular, is an area that has the highest level of Government support for investment and regeneration. Sirius’ investment plan, ethos and project aims will help Teesside to achieve its programme of ambitious goals over the next 10 to 20 years.”

And it said: “The activity will be there for the long-term, embedded in – and transforming – the local economy.”

[eurofox] 21/8/2018 07:38

The cartel want this down ...... to what?

[carla1] 21/8/2018 07:33

The cartel want this down...The institutions controlled the placing price...simple really ...

[clotted cream] 20/8/2018 20:57

This BoD has only badly mucked up once, that being with the infamous 'crashing through barriers' arrogance. The first attempt on that left them with a very bloody nose and an share price down some 75 - 80% in the following 4m.

Are they not again trying to crash through barriers. The constant need to keep promoting the product and producing presentations that are "myth busting" because the industry is less convinced shows that the arrogance is still there.
Treating the MH Guarantee in the same way as the 1st planning and pre empting the risk committee and other stages and daring them to question the validity of the project by repeatedly overegging the economics.

Same style from same leadership?

[thanksamillion] 20/8/2018 18:37

Cannot find a report of it however ITV local news ran an article on Northern Powerhouse visit to NE today including interview with Graham Clark at Seaton mine site.

[ialwayswinatmonopoly] 20/8/2018 17:05

Oh dear! Sub 35p (RRGR) before end of this week. IMHO. However this should be the bounce point. DYOR

[eurofox] 20/8/2018 16:42

Also, if such bonds came to market they would have to rate pari passu with any other SXX senior debt for me to invest - I certainly wouldn't do subordinated debt for this.

[eurofox] 20/8/2018 16:40

If that happens its all over for the PI anyway.

[thanksamillion] 20/8/2018 16:35

eurofox,

"and if so I would end up with some mine assets if real difficulties are encountered."

That's if GINA's deal hasn't already secured those assets in such an event.

[eurofox] 20/8/2018 16:23

Hopefully, such senior debt would come in "not less than £100K per buy" chunks so that is out of reach of the majority of short-term traders.

[eurofox] 20/8/2018 16:13

The majority of my investments are in bonds. I think bonds will be in the funding mix for SXX. If they are, and the coupon is 5%+ senior debt, then I will invest a lot more (above my core share holding) via that route, because as 11% points out there is the aquifer zone to cope with (contrary to your "no water problems" assertion), and if so I would end up with some mine assets if real difficulties are encountered.

[anley] 20/8/2018 15:56

Eurofox..........not quite sure what your last post is driving at.

I am being bullish, but like Cross Rail which was difficult has now or is nearly complete. What I said was going across barren land with no buildings on the surface no gas/water or elec to contend with is a lot easier but will still encounter problems.

Where will you be contributing funds and what for is now my question.

[nickgrant2] 20/8/2018 14:00

IAWAM,

I see your point but, for sake of argument, in 4 years, everything has gone well and we are looking at say £3.50 (picked from a dividend yield based on stats from expected revenue).

Again for sake of rough figures, that is a 1000% increase on current price.

My point is that in that case, does the risk of being out on good news (as was mentioned) outweight the relative extra income? Which largely depends on whether you re-invest your profits. Respect on the 44% gain though. Never to be sniffed at.

[eurofox] 20/8/2018 13:17

In spite of all my points above, I still have an investment here, but I am realistic enough to suspect the process will not be easy and need one to be ready to contribute funds towards the expansion of the share base to maintain one's share of the ultimate returns. I have also been involved with the procurement of major government projects, so I know how they move from their side. I would hope I am being prudent.