Sirius Minerals Share Discussion Threads

[johnwise] 07/12/2018 08:08

Mineral transport tunnel portal breakthrough at Wilton


Video

[eurofox] 07/12/2018 08:04

More exposure now before the impact of Tue doesn't look worthwhile

[carla1] 07/12/2018 07:20

Good morning fellow investors..A nice rebound ahead for the markets...Goose bank before Tuesday x

[11_percent] 06/12/2018 22:49

Goose I done ok ... x

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I don't doubt it.

[11_percent] 06/12/2018 22:49

beeezzz,

As carla1 says, its earlier. SXX said (and they were vague/lied) that it would be start of 2nd quarter, so, say April.


Basically, in 3 months SXX will be bust.

[dp1umb] 06/12/2018 22:48

Carla have you been snorting ketamine??

[carla1] 06/12/2018 21:11

Earlier...it's all a worry..Goose I done ok ... x

[beeezzz] 06/12/2018 21:09

When will they run out of cash is it next summer, or earlier..

[muckshifter] 06/12/2018 20:41

Sorry 11%, I’ve just seen your post asking about my end of year prediction figure while reading the last three weeks worth of posts (which mostly seemed to indicate excessive boredom!). I believed it was in a January post written after the end of year update supplied in January, so had a look to check that I had put it in. It was 18p mentioned in the middle of post 30798 which was a post predicting that bad news about cost / progress was being suppressed but I thought it would come out in the mid year update (which in a way it did, as that update was the first time “on budget” was dropped)

While I’m here I’ll comment on a couple of things.

The award of the MTS fitout to Strabag looks a real “dog’s breakfast” of a rushed contractual arrangement, as a variation order, with almost half the work on prices yet to be agreed after about four years of work on the deal with the two contractors, no doubt done to satisfy the banks but I don’t see how it would. I’m thinking of buying a few Strabag shares!

This is about the time that I had expected Sirius to lose their nerve and announce a rights / placing / industry partner investment as a result of discussions with the banks specialists, but nothing has happened so far, so perhaps I’ll be proved wrong. On the other hand, it might just be that Sirius are lining up arrangements to cover the shortfall, which I’m expecting to see include a further substantial increase in contingencies above that revealed in September. My view, fwliw, is that they should have gone for a billion dollars in the Summer and that it would still be in the best interests of shareholders to do it now.

[11_percent] 06/12/2018 19:02

carla1,

Hope you are not holding since 38p...…...you boys must be loooooooosing a fukcing a packet.

[not my real name] 06/12/2018 17:10

davethehorse,

I'll have a bet it finishes at the end of next week above 22!

NMRN

[davethehorse] 06/12/2018 13:45

Don't think we will see 22p for a while only going lower in this market

[carla1] 06/12/2018 12:50

Dave ..sell its stressing you :-)

[johnwise] 06/12/2018 12:13

"The first 125m of the tunnel will be created with traditional tunnelling methods, before a tunnel boring machine (TBM) takes over for the rest of the 8 mile drive from Wilton. Two more tunnel boring machines will be lowered into the ground at the mine and an intermediate site to drive the remaining 23 miles. The underground transportation system, linked to the mine, was chosen to avoid impacting the surface landscape of the local area."

Video

[11_percent] 06/12/2018 12:00

eurofox
6 Dec '18 - 11:37 - 35752 of 35754
0 0 0
if there is any increase in short positions while the price is sub 22p that spells trouble.

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Indeed, but GOING SUB 22, is the leading indicator...…….the shorts will probably be ON BEFORE it moves under 22...….

[11_percent] 06/12/2018 11:56

Its not about volume (stampede) ...….its about manipulation.


They have set the algo at 22.6 for the rest of today.

[not my real name] 06/12/2018 11:41

Only around 4m traded on the main market. Not exactly a stampede is it?

NMRN

[eurofox] 06/12/2018 11:37

if there is any increase in short positions while the price is sub 22p that spells trouble

[johnwise] 06/12/2018 11:35

"The first 125m of the tunnel will be created with traditional tunnelling methods, before a tunnel boring machine (TBM) takes over for the rest of the 8 mile drive from Wilton. Two more tunnel boring machines will be lowered into the ground at the mine and an intermediate site to drive the remaining 23 miles. The underground transportation system, linked to the mine, was chosen to avoid impacting the surface landscape of the local area."

Video

[jw30] 06/12/2018 11:12

Banks have a heightened perception of credit risk since Lehman. The financial modelling of this project does not lend credible support to its bankability.

The CB holders might be increasing their short positions.....perhaps they smell blood from an impending stage 2 dilemma?

[eurofox] 06/12/2018 10:58

but why rescue anyone until the price is even lower?

[not my real name] 06/12/2018 10:56

I'm sure our CB shorting friends will come to our recue again this afternoon.

They have done since the 600m news broke.

NMRN

[eurofox] 06/12/2018 10:45

banks taking a real hammering - not an ideal situation for borrowing large sums of money

[jw30] 06/12/2018 10:20

Nonetheless a serious blood bath lol.

[spirito] 06/12/2018 10:00

It's just the general blood bath