Sirius Minerals Share Discussion Threads

[ppvn] 10/10/2018 14:13

Haha, hi NMRN,

OK I promise not to be as negative on their recent moves as long as no institutions come aboard at these prices and Staley doesn't get a big fat bonus because of it.

Deal?

[not my real name] 10/10/2018 14:05

Afternoon PPVN,

Don't be too hard on the company incompetence. The St 2 has been delayed but from Q4 (possibly December) to Q1 (possibly January) would only be a month. By quoting in quarters they are just buying a bit of wriggle room and after the way they have performed in the last few weeks I think that is a prudent move. ;)

NMRN

[detective1] 10/10/2018 13:26

big buys going through. +finish

[dp1umb] 10/10/2018 13:20

CARLA take 5 minutes to digest skinnys chart and yes if all goes to plan the shares will reach 60p but not until 2023

[ppvn] 10/10/2018 13:15

Most of them are probably based in Cayman I'd guess, but nice try ;-)

[jw30] 10/10/2018 13:13

Not to worry. We have powerful friends in Wall Street who happen to own the printing press lol. Perhaps a surprise Xmas present?

[ppvn] 10/10/2018 13:03

No the market thinks it's going fantastic that's why we are 40% down in a month. Sheesh.

Think we plumbed the depths today [yet again] with luck (in price as well as chat quality)

[jw30] 10/10/2018 12:59

Market doesn’t believe the stage 2 finance talks are going well?

[johnwise] 10/10/2018 12:44

"In the long run, though, I’m upbeat about the prospects for Sirius Minerals. Even though its project may be costlier than previous guidance, the progress being made in signing offtake agreements has been positive. In fact, the company has done better than many investors were expecting in this regard, and this could make it easier for the company to achieve the required level of financing over the medium term.

Alongside this, demand for the company’s POLY4 fertiliser could increase in the long run, with world population growth expected to remain high. With production still expected to commence in the next three years, the overall strategy being employed by the business appears to be being delivered.

But in the long run, I believe that with an NPV of around 230p per share and a share price of 25p, there could be a margin of safety on offer. As a result, I’m optimistic about its investment potential."

[ppvn] 10/10/2018 12:42

Hi Mr Oz,

I sincerely hope not! As we know, there are a whole host of parties involved including governmental organisations which could all cause delay in their own way. As they said last month, one is reliant on the other that is also then in turn dependant on the next. But to have the timetable shifted back by a full quarter is pretty shabby in my view, and if as a PI I'm hacked off, I can only hazard at what our existing funds are thinking.

For the past couple of years it's been widely known that stage 2 is the pivotal point for this company. Let's hope they can get it across the line as I'm sure they will, but my goodness they haven't delivered for existing shareholders have they!

Edit: As a follow on I'd personally think that a material problem other than the quarter delay is unlikely. Let's face it, we are at the lower end of a well established range set by our CBs so perhaps I'm being a little unduly harsh.

[johnwise] 10/10/2018 12:36

"In the long run, though, I’m upbeat about the prospects for Sirius Minerals. Even though its project may be costlier than previous guidance, the progress being made in signing offtake agreements has been positive. In fact, the company has done better than many investors were expecting in this regard, and this could make it easier for the company to achieve the required level of financing over the medium term.

Alongside this, demand for the company’s POLY4 fertiliser could increase in the long run, with world population growth expected to remain high. With production still expected to commence in the next three years, the overall strategy being employed by the business appears to be being delivered.

But in the long run, I believe that with an NPV of around 230p per share and a share price of 25p, there could be a margin of safety on offer. As a result, I’m optimistic about its investment potential".

[mr.oz] 10/10/2018 12:23

PPVN, do you therefore perceive a reason for not being able to get on with Stg 2?

[ppvn] 10/10/2018 11:52

Close price will be upward of 25p with a favourable wind.

What a shambles. Get on with Stage 2 I say. Will be very interested in what the proxy firms have to say next April!

[skinny] 10/10/2018 11:40

Hmmmmm



Although looking oversold.

[dp1umb] 10/10/2018 11:07

CARLA 60p maybe in the next 2 years but £2! What have you been smoking?

[ialwayswinatmonopoly] 10/10/2018 10:50

Graph didn't look good at 27.5p and looks worse now.Indicators are straining at the moment and look as if they will snap up but if share price does snap up I think it will be a false snap and further, temporary woes are due (20 trading day horizon).I'm really really sorry but I think 22p will return but sub 22p should then be a good entry op.

[carla1] 10/10/2018 10:30

Cartel.. this is worth way over 60p and in a few years will be over £2..Just play the trading game x

[eurofox] 10/10/2018 10:18

next stop with a 23 handle

[mr.oz] 10/10/2018 10:16

Carla.. You feeling blue, then?

[detective1] 10/10/2018 10:04

There is no placing.

[wynmallen] 10/10/2018 10:02

Why buy if you think you will get them for 22p as placings always do reach placing prices

[wynmallen] 10/10/2018 10:01

Do you feel a big g placing is about to be announced...hence drive down on price..

[diesel] 10/10/2018 10:01

Post 34777, while I'm sure Poly4 is a good product, why stoop to visual tricks to try and sell the case?

[detective1] 10/10/2018 09:58

25p finish. Torp news imminent. ST2 in the final stages. Pleasant all round.

[dp1umb] 10/10/2018 09:52

Carla why would you sell at 38p when you’ve been telling us for the last 2 years there worth 60p?