Sirius Minerals Share Discussion Threads

[carla1] 29/1/2019 08:36

Good morning fellow investors..The stories from goose are improving.. definitely related to muck !!

[valek] 29/1/2019 07:47

Better sell all my sxx and head over there then for the pump. Lol

[kirtonender9] 29/1/2019 07:42

More upside in KP2 than SXX certainly in the short term, now the DFS has been announced this morning. Remember what happened when SXX released its DFS rose from under 10p to 50p. A similar rise for KP2 can't be ruled out.

[not my real name] 29/1/2019 06:55

Pref Pettigrew. There is no chance of the government underwriting the whole project. Zero. Nil. Not a cat in hells chance!

NMRN

[professor pettigrew] 28/1/2019 21:05

Of course, all this conjecture and speculation could be wide of the mark.

Nobody knows what the government's plans are re Sirius.

The local MP is working hard at laying the facts bare before the government, so I say again, there is always the chance the government will underwrite the whole thing.

Or do they want to be seen ignoring the North again and increasing unemployment?

I don't think so.

[11_percent] 28/1/2019 19:58

This share has had me living in hope for a couple of years. Bad way for the bod to conduct themselves really and hope they can make it up to all their long suffering shareholders.

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I think you find that there ain't many "long suffering shareholders".......most are trading it...........and the time to buy is coming up....

[mr.oz] 28/1/2019 19:55

PPVN, all
This is a massive undertaking in the most conservative of surroundings/circumstance

I'd rule nothing out now.

[11_percent] 28/1/2019 19:55

mr.oz,

Was going to say......Stg 5, over run funding but thought it was bit previous, and you beat me to it.

Who's side are you on.....

[mr.oz] 28/1/2019 19:47

In the header. Resisted the temptation to include further issue of copious amounts of equity

[11_percent] 28/1/2019 19:36

Look guys...….I NOT slagging this share off...….its the best trading share ever...…..and it close to the time to BUY...…

20p it is...….PPVN has told you this....

[11_percent] 28/1/2019 19:33

Plan B...….you would make a dog laugh...….plan A was never going to happen.

Its all about financial engineering and milking the project......and THAT was always PLAN A...…..nothing has changed.

[11_percent] 28/1/2019 19:30

mr.oz,

Can you put the Stg2 - Stg4 in the header....cheers.

I remember when you put the original Stg2 (low interest loans) schedule in header....how we laughed...….

[mr.oz] 28/1/2019 19:27

Plan b, not to be confused with stages 2,3.4

[11_percent] 28/1/2019 19:26

I remember discussions in late 2017 (was it? A long time ago now!) when I was working on the assumption of there being around 7bn shares in issue at the time of mine completion. Let's see how it looks when it's finally (hopefully) announced.

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

The problem is that....there will be more than 4 Stages to the finance...….there will be a 5th Stage when the project schedule over runs and more funds are needed. This is almost certain, and is most likely to happen in the aquifer zones of the main shaft sinking.

Even more share dilution...…...which will result a small dividend.

[11_percent] 28/1/2019 19:19

"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".

Stg2 Finance.
"The first portion is expected to be a $500m to $700m high yield bond..”

Stg3 Finance
“followed by $1.5bn of bank debt”

Stg3 Finance
a further $800m to $900m of loans guaranteed by the UK government’s Infrastructure Project Authority."

[11_percent] 28/1/2019 19:14

Haha, very good. I believe sirius are still referring to it as stage 2 but I would agree it is now somewhat protracted!

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Mmmm…..possibly, will need to check...….in any case you will never know who is getting paid the interest for these loans...….these are the scammmers.

[11_percent] 28/1/2019 19:11

PPVN,

Just like repeat that your analysis of the 20p share price was spot on.

[kreature] 28/1/2019 19:10

Thanksamillion: "they are processed by adding various agents for bonding etc and the end result is lots of aprox 1.5mm globes. "

So what are these "bonding" agents?

Who will shape the polyhalite rock granules (and blend?) into "globes" ?

I thought the polyhalite was just crushed into granules and shipped ? Many thanks

[ppvn] 28/1/2019 19:06

Hi 11%,

Haha, very good. I believe sirius are still referring to it as stage 2 but I would agree it is now somewhat protracted!

It'll be interesting to see what indeed the final figures look like. Stage 1 had an element of "high yield debt", did it not...?

I remember discussions in late 2017 (was it? A long time ago now!) when I was working on the assumption of there being around 7bn shares in issue at the time of mine completion. Let's see how it looks when it's finally (hopefully) announced.

[fostere] 28/1/2019 16:05

"And, how the hell do SXX intend to pay the interest on this bond……with no income."

By raising more than money than is needed for construction purposes to allow them to service the debt...but then i'm sure you knew that :)

[kreature] 28/1/2019 15:40

Thanksamillion 27th Jan: "clearly you are totally uneducated in this process"

Thanksamillion 28th Jan: "I am not sure if this process is currently carried out individually and mixed together in appropriate volumes later to obtain your various mixes"

Thanksamillion, if you're "not sure" of the process yourself, then don't worry about it.

Anyone else know how the polyhalite can be blended into an NPK product without dilution ? Surely it's impossible ?

[11_percent] 28/1/2019 15:35

Our BOD really need to get cracking on closing out stage 2.

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

PPVN,

Stg2 finance is now dead.


That last update just told us that Stg2 has been broken down into 3 separate stages.


So, we now Stg1 (past), Stg2, Stg3, Stg4.


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"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.

[johnwise] 28/1/2019 13:45

29 MAY 2018

Video
Sirius Minerals and Cibra with Portuguese Subtitles

Video