Sirius Minerals Share Discussion Threads

[stoaty1] 19/9/2018 08:11

mar622wend, we may be a bit sad, but no where near your level !

[mar622wend] 19/9/2018 08:08

PPVN Not My Real Name 11 percent and others

You people must be sad lonely people to sit watching SXXX thread all day spouting your
so called expert opinions Why dont you go away and get a life

[stoaty1] 19/9/2018 07:10

PPVN, I don't know if I am just being Mr Thicky, but could you enlighten me please!

[ppvn] 18/9/2018 22:32

Well you may well be right, but I'm personally more optimistic I must say. I thought I could identify around 10 to 15mm shares bought back by funds - they've been selling historically anywhere above 25p, but this time seemingly above 26p. Below 22p back in December/Jan time it was only highbridge that bought back and that was only about 4mm shares. We will find out soon enough anyway but we really could be anywhere at the moment.

Speaking of CBs (and as it's the time of day for conspiracy theories) - did you PUT any cash down on a particular car manufacturer...? Hilariously ridiculous sequence of events worthy of a bad film, with CBs again the star of the show. And cue the subsequent actions that'll inevitably lead to pleas of "I was having a breakdown honest so please go easy" etc. Way worse than AIM.

[not my real name] 18/9/2018 22:20

Still reckon we have a long way to go with the CBs. The higher volume certainly helps but I suspect most of the CB holders would have been buyers during the recent rout which is no good to us.

NMRN

[ppvn] 18/9/2018 22:09

Haha! Hi NMRN,

Well to be fair, people are being given advance notice and plenty of time to stick or hold. Admittedly some got more advance than others, but it's a start!

Still think we will be ok. And still very interested to see where we stand with CBs- literally could be anywhere post these higher vol days. share price being intraday jumpy, which is possibly a good sign. Stay tuned.

[not my real name] 18/9/2018 22:03

PPVN,

Hmm. It would appear the "we are not planning to raise capital" is just as bad on the main market!

NMRN

[ppvn] 18/9/2018 21:53

Mmm. Had a few expensive lessons there myself (as i'm sure we all have). Most important lesson?

Statement: "We are not planning to raise capital"

Translation: prepare to lose 50% of your investment within 3 days (If you're lucky).

Not a place for trust. I was pleased when sirius moved to the main market.

[y1phr1] 18/9/2018 16:48

We will soon be back to 38p at this rate, then onwards.

[eurofox] 18/9/2018 16:47

good trading day

[stoaty1] 18/9/2018 16:43

The important thing for me Dave, is that after the tree shake, the recovery!

[davethehorse] 18/9/2018 15:34

Good old tree shake

[eurofox] 18/9/2018 14:31

well that cleared out a few day traders

[ppvn] 18/9/2018 13:38

Hi Lenses,

Might not share my homework if people are going to gloat...

I just post here to try and help out whilst our cb funds are about. Better in someone's pocket in my opinion - doesn't change my investment.

I rather feel bad for those who may be suffering sellers remorse (They may be proven right yet, let's not forget).

See you in Nottingham, sheriff!

[johnwise] 18/9/2018 13:15

Sirius Board and management

Chris Fraser
Managing Director and CEO

Age: 43

Date of appointment: January 2011

Skills and experience: Chris Fraser has almost 20 years’ experience in the mining industry with a particular focus on financing and strategic developments. He is the founder of the Project, has led its development since 2010 and has been managing director and CEO of the Company since January 2011.

During his finance career he worked for KPMG, Rothschild and Citigroup, the latter culminated in him being appointed head of metals and mining investment banking for Australia in 2006 and managing director in 2008. Upon leaving Citigroup in 2009, he founded Sigiriya Capital, a boutique advisory and investment firm. Chris founded York Potash in 2010 and subsequently joined Sirius Minerals Plc in 2011.

He is a member of the Institute of Chartered Accountants in Australia, senior associate of the Financial Services Institute of Australia (FINSIA) and a member of the Institute of Company Directors in Australia.

Current external appointments: Director of Sigiriya Capital Pty Ltd and C&J Fraser Investments Pty Ltd; member of the UK-China CEO Council; Director of the Northern Powerhouse Partnership and member of the Coventry University Advisory Board.

Click on photos

[danny baker] 18/9/2018 12:50

Henchard, the 95 million shares will be issued for an investment shown in the balance sheet at cost (i.e. the value of shares at issue). I wouldn't expect any tangible asset value in the subsidiaries they are buying into. It is a thinly disguised equity raise to 'pay for' a £30 million investment in the balance sheet. Stage 2 funders will want to see as much equity as possibly in the structure as equity takes the first slice of risk. The rising share price might persuade some of the CBs to convert which would also be helpful. I wouldn't be hugely surprised if the share price continued into the 30s and the Company announced a small institutional placing to try and satisfy 'overwhelming demand'. I am a long term sceptic but I wouldn't dream of shorting SXX as you can easily get caught out.

[johnwise] 18/9/2018 11:58

VIDEO

POLY4 a game changing product mp4

[pvpower] 18/9/2018 11:03

He could borrow it from Gina - dat woman gotta big handbag ...

[lenses] 18/9/2018 10:51

In no circumstance.

Where does he get the £4.5m from?

L.

[ppvn] 18/9/2018 10:33

Sooooo.... Anyone still think CF might be exercising his options by the tail end of the month....? (He asks, only a little over half jokingly)

What a wild September.