Sirius Minerals Share Discussion Threads

[up just a little bit] 23/1/2019 14:42

Several months back there was an article on SXX saying if it dropped support was 16p.

[not my real name] 23/1/2019 14:38

Guess someones selling a lot then!

NMRN

[11_percent] 23/1/2019 14:37

Awful lot of buying going on...……….

[11_percent] 23/1/2019 14:34

Chinese Investor,

Indeed...…...employed trolls in operation.



Chinese Investor
23 Jan '19 - 14:25 - 36473 of 36474
0 1 0
One Of The Greats !

lionheart69uk (SXX) 12 Jan '19 - 21:58
Professor Pettigrew must be feeling sick right now.
I hope he sold a bundle when it reached 30p+ a few months ago.

Professor Warren (SXX) 2 Jan '19 - 22:17
He certainly did - so don't worry about me.

[11_percent] 23/1/2019 14:32

Ok...…..in case you missed it.....share shuffle going on...….

[11_percent] 23/1/2019 14:23

Ok, we need to face the facts.

"The first portion is expected to be a $500m to $700m high yield bond, according to analysts, followed by $1.5bn of bank debt and a further $800m to $900m of loans guaranteed by the UK government’s Infrastructure Project Authority." "However, analysts said the plan would result in higher financing costs, at least in the short term".

"Each tranche of this new structure will be fully committed from the start and, whilst it may raise the cost of the debt for the high-yield bond, this could be possibly offset with lower rates for the IPA at the end of the construction period." said Liberum analyst Ben Davis.”

Stage 2 finance will be – “a $500m to $700m high yield bond.”
The interest rate on this bond will be 12%, considering the risk here.
However the main question is, who will fund this bond…………I tell you now, you will never know.
And, how the hell do SXX intend to pay the interest on this bond……with no income.

[valek] 23/1/2019 14:18

Yep 11% sold at the absolute peak if you didn't know, he's one of the greats, in real life his name is Warren.

[11_percent] 23/1/2019 14:14

From 38p to 20p = 18p

That's a 47% drop....hope you all got out at the top like myself.....

[11_percent] 23/1/2019 14:06

jw30
23 Jan '19 - 13:03 - 36463 of 36468
0 1 0
11%. More than 65% of the shares are held by PIs of which there are something like 20000 holders. Many will lose their investment. Thus might turn out to be one of the stock market biggest heist in the UK.

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jw30,

I have to disagree with you there...….this is ALREADY the biggest heist/scam in the UK.

But, I take your point....PIs get shagged again....without any lube...

[dp1umb] 23/1/2019 13:57

Before the RNS last autumn I was calculating SSX had 70% chance of getting stage 2 funding away with minimal dilution now unfortunately as it stands today it’s looking more like 20% so an 80% chance of painful dilution or even total loss.

[davethehorse] 23/1/2019 13:54

Wheres JohnWise (not) lol

[dp1umb] 23/1/2019 13:52

Johnshouldbe£1 any comments on the latest developments??

[not my real name] 23/1/2019 13:19

Quite right Professor,

The only one on this board with any intelligence and foresight is your good self. I noticed that yesterday when you insisted the RNS was positive and would be good for the share price!
-----------------------------------------------------------------------------------------------------

Post 36315 - "Everything is well on track. The next move should be the share price reflecting the golden prospects going forward.

A STRONG BUY."

Lol.

NMRN

[jw30] 23/1/2019 13:03

11%. More than 65% of the shares are held by PIs of which there are something like 20000 holders. Many will lose their investment. Thus might turn out to be one of the stock market biggest heist in the UK.

[davethehorse] 23/1/2019 12:39

In freefall...

[davethehorse] 23/1/2019 12:29

Well its certainly going to be heavily discounted, 10p-12p probably imo..

[11_percent] 23/1/2019 12:19

19.94...….and heading lower......placing price will 12p....

[11_percent] 23/1/2019 12:18

davethehorse
23 Jan '19 - 12:12 - 36454 of 36457
0 0 0
Squeaky bum time I'm afraid...

================

Not for me it isn't.....got out long ago.....

[thanksamillion] 23/1/2019 12:17

I understand why most on this board wish to trash SXX today, however a more informed comment from jqnewcastle on lse site.

Sirius Minerals changes $3bn debt plan following lender talks

The following are some interesting (fair) points:

"The first portion is expected to be a $500m to $700m high yield bond, according to analysts, followed by $1.5bn of bank debt and a further $800m to $900m of loans guaranteed by the UK government’s Infrastructure Project Authority." "However, analysts said the plan would result in higher financing costs, at least in the short term".

"Each tranche of this new structure will be fully committed from the start and, whilst it may raise the cost of the debt for the high-yield bond, this could be possibly offset with lower rates for the IPA at the end of the construction period." said Liberum analyst Ben Davis.

[11_percent] 23/1/2019 12:16

The company added that it is working to secure agreed commitment letters as soon as possible.

"Executing our stage 2 financing plan remains our priority,” said Chris Fraser, Sirius chief executive.

“We continue to make progress towards obtaining stage 2 financing commitments and are working constructively with all relevant parties to achieve this.

============================

"it is working to secure agreed commitment letters as soon as possible."...……...we were told we would have the bank commitment letters at the middle of last year.....so mow 7-8 months overdue and sign of getting them....not looking good guys...

[davethehorse] 23/1/2019 12:12

Squeaky bum time I'm afraid...