Sirius Minerals Share Discussion Threads

[johnwise] 30/4/2019 07:33

£ 5 billion is peanuts for such an asset

[kirk 6] 30/4/2019 07:32

Bloody hell thats massive overall dilution. If there are any problems going forward imagine the sell off

[kreature] 30/4/2019 07:32

‘ at a price between 15 and 18 pence per New Ordinary Share to be determined by the Bookbuild.’

Doooooh, ok can I pay the higher price please derrr. Are you seriously saying that the price hasn’t already been decided? Are you seriously saying that there has been no forward selling?

[gersemi] 30/4/2019 07:31

What did you expect? You can't make an omelette without breaking a few eggs.

Natural resource development demands huge amounts of capital expenditure. That level of funding doesn't grow on trees. Such capex demands dilution. It can never be any other way

And believe me, if they're budgeting for a certain level of capex then you can be damned sure that'll be an understatement

Projects of this capacity always overshoot on cost

[mrpiggy] 30/4/2019 07:29

I spoke to investor relations after phase 1 financing and they assured me there would be NO share dilution for phase 2..... go figure.

[johnwise] 30/4/2019 07:24

J.P. Morgan Cazenove has agreed to fully underwrite the Firm Placing and Placing and Open Offer of approximately US$400 million and New Convertible Bond Offering of approximately US$400 million at launch. Further, J.P. Morgan Cazenove and Liberum Capital Limited ("Liberum") have agreed to underwrite the settlement of the Firm Placed

[mr.oz] 30/4/2019 07:23

Interested in PPVNs take on events from a patient and knowledgeable investor point of view..
NMRN.. A while longer to wait

[11_percent] 30/4/2019 07:21

…..SCAM....

[trickyricky] 30/4/2019 07:20

Short term pain for long term gain?

[pazzuzu] 30/4/2019 07:17

Give it up john. It's going to be a horrible day

[johnwise] 30/4/2019 07:15

Today's announcement provides a clear pathway to a fully financed project in the months ahead, while enabling us to progress construction at full speed."

[clotted cream] 30/4/2019 07:14

The directors salaries are covered for the future

[11_percent] 30/4/2019 07:14

Placing 15-18

[johnwise] 30/4/2019 07:12

30/04/2019 7:02am

RNS Number : 5217X

Sirius Minerals plc Launch of Stage 2 Financing

Today's announcement provides a clear pathway to a fully financed project in the months ahead, while enabling us to progress construction at full speed."

[ialwayswinatmonopoly] 30/4/2019 07:12

Bloodbath. If the RNS includes information about senior debt then this will be one of the most volatile days in recent years, with hedge funds rocking the boat from morning til night. Which direction it will take take all depend on how much of a (blood)bath the existing shareholders have to take according to the details. Strap yourself a in for a bit of fun folks

[johnwise] 30/4/2019 07:12

30/04/2019 7:02am

RNS Number : 5217X

Sirius Minerals plc Launch of Stage 2 Financing

Today's announcement provides a clear pathway to a fully financed project in the months ahead, while enabling us to progress construction at full speed."

[markth126] 30/4/2019 07:07

Down we go folks!

[jw30] 30/4/2019 07:05

It’s a re run of stage 1. Bloodbath!!!!!

[11_percent] 30/4/2019 07:05

CB Offer.

Stage 2

Results

[aimismylife] 30/4/2019 07:02

What's the price target here

[simondunmore] 30/4/2019 06:57

Morning folks, be lucky. Simon

[11_percent] 30/4/2019 06:52

Morning all....