Sirius Minerals Share Discussion Threads

[prmoldoaks] 09/10/2018 19:59

Just remember the famous words of Warren B "Be fearful when others are greedy, and be greedy when others are fearful" works every time for me if you take the long-term view, never thought I'd get the chance to buy into these at 25p again well happy, see you in 2021 :-)

[eurofox] 09/10/2018 19:53

The most recent drop back to the 22p region was jacked back up again too quickly through spread-bet positions, so has no real substance. One could tell this from observing the Level 2 order-book activity at the time. Moreover, history would indicate that shorting back to 22p can be done with relative impunity, so it will happen again.

[ppvn] 09/10/2018 19:46

Lots of jolly buzzy words there!

What's so special about 22p? And which leveraged positions?

[eurofox] 09/10/2018 19:30

Only 3p lower to go to start filling the gaps at 22p. Need to clear out some more leveraged positions.

[mr.oz] 09/10/2018 17:24

Detect a change of tone, seems like Carla has sold out at a loss?

[eurofox] 09/10/2018 16:40

11% - may be a bit early but I'm buying again

[11_percent] 09/10/2018 16:06

carla1,

Who is the "partner", the construction/technical one...........and who is the silent financial partner??

[carla1] 09/10/2018 15:58

Goose what's the buy in price x

[11_percent] 09/10/2018 15:57

I rather suspect we may get an RNS tomorrow explaining EXACTLY why the shares are now worth 25P!


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.....and I rather suspect that there will never be an RNS explaining anything........EXACTLY.....

[11_percent] 09/10/2018 15:54

Goose tell me why x

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Why what...???

[ppvn] 09/10/2018 15:53

Bloody hope not!

[not my real name] 09/10/2018 15:44

I rather suspect we may get an RNS tomorrow explaining EXACTLY why the shares are now worth 25P!

NMRN

[carla1] 09/10/2018 15:42

Goose tell me why x

[11_percent] 09/10/2018 15:41

Much as I hate repeating myself........its falling nicely........the beat goes on.....

[ppvn] 09/10/2018 15:23

Really rather irritating. Suspect I'm mad but the timing of the announcement (I.e. raising possible dilution with an up to 6 month timeframe) could be an opportunity for funds to get more of an established position here. Unfortunately think I'm likely to be mad since none seem to be buying!

Just seems to be such a negative thing to put hanging over the company for such a long time! Oh well, not like our CEO and CFO gave themselves massive pay hikes for doing such a great job!

[eurofox] 09/10/2018 15:18

who? surely not 11%

[not my real name] 09/10/2018 15:15

Ever get the feeling someone knows something you don't? :)

NMRN

[borisjohnsonshair] 09/10/2018 15:08

No but the direction is confirmed!

[coldspring] 09/10/2018 15:06

Some Sirius dumping going on today......thought these levels were long gone. Any charters hazard a guess where the bottom is?

[ppvn] 09/10/2018 13:12

Hi dp1umb,

I do see your point but i personally disagree with your conclusion for the following reason. Stage 1 raised £370mm in placing, $400mm in CBs (call it £300mm sterling), etc, brought it to a total of $1.1bn or thereabouts (net) (so about £850mm or so). We aren't paying anything back on the CBs so it's literally straight into the bottom line (or should be).

Our current market cap of c.£1.2bn means that all the prep work, the mineral rights, planning permissions, work to date, IPA work (and indicative approval of $1.5bn I think it's fair to say?), access to loans of around $1.5bn, TorP agreements, etc are assigned a value of £350mm.

It's not reflected imo, and the share price is nowhere near where it should be - and in my view that's down to the uncertainty of $400-600mm shortfall.

[borisjohnsonshair] 09/10/2018 11:37

Bull and Bear in agreement. Next move quick and sever, direction totally unclear! Based on three year chart, I'd say up up and away

[not my real name] 09/10/2018 10:48

Morning PPVN,

Very close to the CB holders closing the shorts. Thought they would have helped out already to be honest!

Assuming CF is true to his word he has to offer future CBs above the 25p price and with best part of a billion already spent on the mine you would assume a fair bit above 25p.

Your views?

NMRN

[jw30] 09/10/2018 10:09

The orders are like a mirage which disappears when you get close to it, lol.