Sirius Minerals Share Discussion Threads

[johnwise] 29/1/2019 17:26

I have Just taken him off filter -Not My Real Name- I see he is still spouting nonsense.
Could he be one of Ken Griffins sidekicks ?..

[kreature] 29/1/2019 16:52

I can see how they might sell a few bags to local councils in the winter to treat the roads, but as a fertiliser isn't polyhalite missing two of the main 3 macronutrients that define what a fertiliser is? As such (and with the financial uncertainty), I'm thinking 15p is more likely than 25p at the moment - ATB

[not my real name] 29/1/2019 16:47

Aah defective1,

Here we go again!

"Some chunky buys going through this aft."
------------------------------------------------

Question: Where are these chunky buys coming from?

Answer: Chunky sellers!

Unless you have an amazing exclusive on the, until now, undiscovered vagaries of market forces!

Please enlighten us.

NMRN

[11_percent] 29/1/2019 16:44

PS......they are soooooooo thick....they think in round numbers.....

[kreature] 29/1/2019 16:43

Good for topping up perhaps ?

[11_percent] 29/1/2019 16:40

Its not good....its not bad...it is just what it is...……..PPVN told us why its 20p...…


They have taken it down from 38p odd...….and we now have the 20p base for the next pump...……;.if you recall, it was 22p the last time.

[kreature] 29/1/2019 16:37

Is that good ?

[11_percent] 29/1/2019 16:35

20.08 close....LOL....you cant make it up.....

[kreature] 29/1/2019 15:51

Better to ban forward-selling and ambiguity in RNSs, rather than shorting IMO. I assume that wouldn't apply to SXX though. ATB

[valek] 29/1/2019 15:05

They have my vote then.

[johnwise] 29/1/2019 14:58

Labour party says they will ban shorting shares when it wins the general election

[lionheart69uk1] 29/1/2019 14:55

My lips are sealed, JW.

[detective1] 29/1/2019 14:11

Some chunky buys going through this aft.

[johnwise] 29/1/2019 13:51

lionheart69uk1, was that your trade ?


A buy trade at 1.16pm 1,000,000

[lionheart69uk1] 29/1/2019 13:31

Your sudden optimism finally persuaded me to dip my toe in the water once again, 11_percent.

[11_percent] 29/1/2019 12:46

Sitting on 20.....

20 is it.......might buy a few...

[johnwise] 29/1/2019 11:25

London's potential for mining finance, investment and deal making

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[johnwise] 29/1/2019 11:25

London's potential for mining finance, investment and deal making


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[professor ex fiancee] 29/1/2019 11:22

pettigrew

For someone who claims to have worked in financial markets, your ignorance really is at an extremely high level.

If ever the Government got involved here, it would be curtains for current shareholders who would be diluted out of sight.

Please leave the discussions to people who have a basic level of understanding.

[johnwise] 29/1/2019 11:14

US$3.0/ $ 4.0 billion is peanuts to mine such an asset

[johnwise] 29/1/2019 11:09

US$3.0/ £4.0 billion is peanuts to mine such an asset

[johnwise] 29/1/2019 11:06

The Company is making progress with the US$3.0 billion (GBP2.4 billion) debt component of the stage 2 financing.

The Company has been engaging with prospective lenders throughout the process and has revised certain aspects of our proposed US$3.0 billion stage 2 senior debt financing to modify the credit risk allocation amongst the various prospective lenders. The original structure contemplated two equal tranches of debt, one commercial bank tranche and one IPA guaranteed tranche, which would be drawn on a broadly pro-rata basis and also rank senior secure, pari passu. Our new structure contemplates three tranches of debt, totalling US$3 billion in aggregate, that will rank senior secure, pari passu, but will be drawn sequentially linked to key construction milestones. The first tranche will be an uncovered debt capital markets tranche, the second a commercial bank tranche, followed by the third being the IPA guaranteed bond tranche. This structure is designed to reduce both the risk and the quantum of any IPA guaranteed bond tranche to the taxpayer as by this time we will be past the major construction risks and POLY4 sales underway.

A group of lenders and the IPA will be working closely with the Company and the lenders' advisors to work through the due diligence reports and the detailed terms and conditions of the structure and the financing. The Company is working towards having agreed commitment letters as soon as possible.

Due diligence reports have been prepared by the lenders' advisors and the Company is engaging with prospective lenders and their consultants to address the due diligence matters that have been highlighted. The Company believes that the due diligence undertaken by the lenders' advisors supports the Company's Project cost estimates announced on 6 September 2018.

The Company is confident of being able to address the due diligence items highlighted by the respective consultant reports through negotiation of the detailed terms of the finance documents.

In relation to the additional capital the Project requires, the Company continues to progress all options previously outlined with a view to securing the additional capital in a manner which complements the senior debt financing and meets the liquidity requirements of the Project.

[johnwise] 29/1/2019 10:59

2018 A Year of Significant Progress


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[johnwise] 29/1/2019 08:51

2018 A Year of Significant Progress


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