Sirius Minerals Share Discussion Threads

[kirtonender9] 05/10/2018 10:41

Who said SXX was going to finish the week on 30 or even 32p???

[davethehorse] 05/10/2018 10:15

Looking like another down day

[johnwise] 05/10/2018 07:54

Sirius POLY4 a game changing product mp4

Video

[ppvn] 05/10/2018 07:40

It's not a sirius RNS but as you say Mr Oz, doesn't look like the competition are going to give Sirius an easy time. Just as well our costs are $30 / tonne really.

[ppvn] 04/10/2018 18:15

Ah, must have been the "drop the share price 30%" award!

Patience, patience

[coolhandfluke] 04/10/2018 18:07

Hi PPVN As the award is for achievement' it must be for past performance.

[ppvn] 04/10/2018 17:19

Just kind of wish they'd get on with it! The Sept announcement was all very well and good but watching this share now is rather tedious and just can't wait for things to get going on the finance side of things a bit more!

Edit: I see an RNS has been released for some share incentives. Wonder if that is for a past milestone or future.

[pvpower] 04/10/2018 16:33

On a more serious note, an article about ICL's increased activity with their own polyhalite. A few errors, but worth a read.
hxxps://agritradenews.co.uk/news/2018/09/21/potashplus-launch-marks-change-of-focus-for-icl-uk/

[pvpower] 04/10/2018 16:09

Start wasn't up to much either. nor the bit in the middle come to think of it. I'm with Johnlessthanwise - bring back capital punishment in schools or send em to the colonies...... Come on john boy, get yer pom poms out and wave em around, that'll give the share price a lift!

[davethehorse] 04/10/2018 15:14

Weak finish again

[mr.oz] 04/10/2018 12:19

Haha
Some quality posts here.
( just not from the resident fool)

[not my real name] 04/10/2018 12:11

No mirrors in your house then John!

NMRN

[johnwise] 04/10/2018 12:09

2theduke

I DON'T WASTE TIME WITH LOSERS

[2theduke] 04/10/2018 09:53

1. "ohh a new post on SXX"
2. "ohh its Johnwise, nevermind I will have read that 3 years ago"
3. Sigh..

[davethehorse] 04/10/2018 09:52

Shorters still in control here

[johnwise] 04/10/2018 07:37

"The investment opportunity for the stock appears to be compelling. The mine it is now in the process of constructing is intended to have a 100+ year life and expects to eventually produce around 20m tonnes of polyhalite per year. This will be made available across a wide range of markets Sirius Minerals is forecasting operating costs which are among the lowest in the industry $30-$35 a ton,when production kicks off in 2021.

At an average assumed price on the world market of $198/tonne for the new POLY4 product, that represents a gross annual turnover of about $3.6 billion at peak capacity of 20 million tons per year. It anticipates cash margins of between 70% and 85%, which should lead to a rapid pay-down of debt levels. This could leave the company with a rapidly-rising cash balance in future years that may end up with investors in the stock receiving high dividends for many years to come." Potassium Chloride (Muriate of Potash) Spot Price is at a current level of $215.50 ton


Operating costs..."Sirius Minerals is forecasting operating costs which are among the lowest in the industry $30-$35 a ton" with all mined polyhalite transported underground to the materials handling facility on Teesside on the low impact mineral transport system (MTS), located in a 37km long and 4.3m wide tunnel underground to the materials handling facility on Teesside

Mineral Transport System

Materials Handling and Harbour


Operating costs..Transported potash at K+S Potash Canada ?

"The almost 2-kilometer-long unit train was loaded with about 13,000 tonnes of MOP standard potash and was pulled by four Canadian Pacific (CP) locomotives. The 1,800-kilometer-long route through the Rocky Mountains took three days".

[johnwise] 04/10/2018 07:27

"The investment opportunity for the stock appears to be compelling. The mine it is now in the process of constructing is intended to have a 100+ year life and expects to eventually produce around 20m tonnes of polyhalite per year. This will be made available across a wide range of markets Sirius Minerals is forecasting operating costs which are among the lowest in the industry $30-$35 a ton,when production kicks off in 2021.

At an average assumed price on the world market of $198/tonne for the new POLY4 product, that represents a gross annual turnover of about $3.6 billion at peak capacity of 20 million tons per year. It anticipates cash margins of between 70% and 85%, which should lead to a rapid pay-down of debt levels. This could leave the company with a rapidly-rising cash balance in future years that may end up with investors in the stock receiving high dividends for many years to come." Potassium Chloride (Muriate of Potash) Spot Price is at a current level of $215.50 ton


Operating costs..."Sirius Minerals is forecasting operating costs which are among the lowest in the industry $30-$35 a ton" with all mined polyhalite transported underground to the materials handling facility on Teesside on the low impact mineral transport system (MTS), located in a 37km long and 4.3m wide tunnel underground to the materials handling facility on Teesside

Mineral Transport System

Materials Handling and Harbour


Operating costs..Transported potash at K+S Potash Canada ?

"The almost 2-kilometer-long unit train was loaded with about 13,000 tonnes of MOP standard potash and was pulled by four Canadian Pacific (CP) locomotives. The 1,800-kilometer-long route through the Rocky Mountains took three days".

[ppvn] 03/10/2018 16:47

Bit lower on the finish but sets us up well again for tomorrow. Not trading advice etc

[not my real name] 03/10/2018 16:41

Ha ha. :)

NMRN

[ppvn] 03/10/2018 13:31

$600mm?

Just that CDO... ;-)

[not my real name] 03/10/2018 13:27

Well he was tasked with increasing institutional shareholders. I suppose a £600m cost over-run is one way of doing it! :)

NMRN

[ppvn] 03/10/2018 13:06

Hi NMRN,

It would appear logical, but I'm not convinced and don't think any pricing is even close to being discussed (or at least I hope it isn't). My primary reason for this belief is actually our CB holders - why would they accept anything at 28p when their optionality on bonds runs to 42p? That would in my view run very much against the whole premise of being acceptable to investors new and existing - or whatever the language was in the RNS.

Still haven't seen proper short holdings trickling in from the last month's plummet so I'm still in the dark on their movements. We are approaching (well, final third or so) of equity to come from CBs- upon all of them being sold our share price should be up in the 40s frankly; so think something is probably going on because we aren't but I was thinking more along the lines of a possible second tranche of CBs to plug the gap in stg2. But this is wild speculation and only time will tell.

Just a waiting game at the mo. Got my stall set out, but it's all on Staley now.

[borisjohnsonshair] 03/10/2018 12:52

Move on. Not at that stage!!!!