Sirius Minerals Share Discussion Threads

[carla1] 19/10/2018 11:01

Good morning cartel and day dreamers ..Eh ozz x

[kirtonender9] 19/10/2018 10:46

JohnWhy post old news? I guess your worried about the shareprice.But it smacks of panic on your part.

[kirtonender9] 19/10/2018 10:43

Those worried about the drop in shareprice could always buy KP2 which is likely to be into production 12 months before SXX and that assumes stage2 financing is a success.

[ppvn] 19/10/2018 10:34

Fair enough, trade how you see fit! Under 25p we all know who the buyers are anyway. Slap bang on average trading vols for this time of day so guess you took up the slack on an otherwise quiet day.

Let's see how the day pans out.

[eurofox] 19/10/2018 10:27

blame me for this morning - I dumped 500K into the market at the start of trading at an average of 24.8p as a partial hedge against continued weakness. made a lot trading this so can't complain.

[davethehorse] 19/10/2018 10:02

Agree 22p does look to be the short term price it's heading for. Low volume but very weak.

[ppvn] 19/10/2018 09:42

Hi Eurofox,

One of the benefits of this company is the low cost of mining poly-4. Fortunately the economics stack up here regardless of brexit outcome.

What would be the tariffs on poly-4 either as MFN or non-MFN status, by the way?

Don't panic, Mr Mainwaring!

[borisjohnsonshair] 19/10/2018 09:13

Johnlosinglotsofmoney

[borisjohnsonshair] 19/10/2018 09:13

You can't hide peoples posts - Johnclown

[eurofox] 19/10/2018 08:24

..there is also the problem of a complete brexit FU which will mean no near-term european torp and even more importantly, reluctance of lenders to commit significant funds until the soup clears

[johnwise] 19/10/2018 08:18

27 September 2018 on RNS Number : 1238C

Chris Fraser, Managing Director and CEO of Sirius, commented:

"The Company continues to work with both the UK Infrastructure Project Authority and the lending banks, and the stage 2 senior debt financing due diligence process is ongoing. Bank commitment letters are expected to be obtained from commercial lenders in the fourth quarter of 2018."

"A number of financing alternatives to fund the increased capital requirement are under active consideration. Financial close of stage 2 financing is expected to take place in the first quarter of 2019."

[johnwise] 19/10/2018 08:17

With the Sirius Minerals share price having fallen of late, it now has a market capitalisation of £1.2 billion. Its NPV is around $11.4 billion,

[bazildonbond] 19/10/2018 05:48

Guys, guys, guys, spread some of your Potash risk. If you're a little concerned/nervous about whats happening with SXX (lack of positives/information/f2 etc etc) check out EML, i found this co when doing research on Potash future developments/markets etc, they are probably at the same stage as SXX, maybe a little behind, they have a large(ish) 20+ years minimum resource without the huge costs associated with getting it out of the ground and transporting it, all at tempting share price. This isn't a ramp or investment advice, do your own research, add comments to the EML thread not this one and/or delete this post if you don't think it's appropriate. Regards, Baz!

[grity] 18/10/2018 23:13

Is it a no brainer buy if it goes below 22p or even 20 ? Got some dry powder .

[11_percent] 18/10/2018 23:09

Its not looking good........going below 22p??????

[mr.oz] 18/10/2018 22:17

Get a grip.
... If only, eh Carla?

[carla1] 18/10/2018 20:31

Ah the cartel are playing out... group hug x

[eurofox] 18/10/2018 19:24

...indeed it looks as if we'll get another bite of the 22p handle given the market dump tonight

[jw30] 18/10/2018 19:07

Dow not doing too well either. Think the Fed and Wall Street will be doing their best to ensure the republicans get wiped out in the upcoming midterms.
So, lots of downside to the share price until then.

[11_percent] 18/10/2018 16:24

This graph is NOT looking good.........3 lower highs and 3 lower lows......looks like 22p is nailed on.

[davethehorse] 18/10/2018 15:30

Very quiet day on here, SXX trying to make it's mind up..

[carla1] 18/10/2018 07:33

Top of the morning fellow investors and cartel members