Sirius Minerals Share Discussion Threads

[datait2] 30/4/2019 11:26

sxx do a r/s split and get rid of amatuer private investors that only go for mining stocks, chatrooms are full of mining stock investors, always has been for last 20 years.

why do you not find them chatting about great small companies with superb products/services you can buy today that have exponential growth??

easy, cos it is too much like hard work to look for them for the average chatroom PI IMO.

[kreature] 30/4/2019 11:22

We already said it before it happened. Has anyone bothered to calculate the fully diluted market cap at 18p yet?

[11_percent] 30/4/2019 11:20

so, what are we saying here...….10 billion shares, give or take.

[kreature] 30/4/2019 11:19

Oh, it looks like a railway line. Oh, the ‘Visitos Center’ looks like a railway station. Oh, the shaft looks like a subway ‘head house’. Oh, the conveyor belt tunnel looks big enough for a commuter train. Oh, that duck quacks like a duck. No, it’s a highly profitable mine and we will all be rich one day ?

[johnwise] 30/4/2019 11:09

JP Morgan backs Sirius Minerals $3.8bn financing package for Yorkshire mine

Chief executive Chris Fraser said there was now a “clear pathway to a fully financed project” enabling construction to progress at full speed.

The equity will be raised through a placing with existing shareholders, who include Australian mining magnate Gina Rinehart and major City institutions.

[johnwise] 30/4/2019 11:08

JP Morgan backs Sirius Minerals $3.8bn financing package for Yorkshire mine

Chief executive Chris Fraser said there was now a “clear pathway to a fully financed project” enabling construction to progress at full speed.

The equity will be raised through a placing with existing shareholders, who include Australian mining magnate Gina Rinehart and major City institutions.

[datait2] 30/4/2019 11:03

the stocks i own are in America, i rarely look at their share prices, why, cos i look at their NAV, which is the correct price,

not "mr markets daily, weekly, monthly wiggly line price"

I have been watching SXX for 3 years , but today has brought forward my analysis and opinions on what to do next.

noramping,if you dont like it then you should log off, and do what i do and rarely bother looking at my investments share price.

you should have confidence in the companies you own, analysis of its NAV and analysis if you think it will give you exponetial gains!

talk of blue/red/blue/red today ,.doji candlesticks etc means nothing important.

[grity] 30/4/2019 11:03

Any Chartists here, been looking at the long term chart, to me it’s saying below 17p is no entry , so if you want in now is the Perfect Storm moment to fill your wellies. Fwiw imho !

[johncasey] 30/4/2019 10:58

big news out at KDNC

Highlights from Hastings News Release:

· In principal eligibility for the German Government UFK scheme confirmed for up to USD 140 million (approx AUD 200 million) from Euler Hermes.

· UFK scheme offers concessionary project finance loan terms for a period of seven years.

· Progressing on due diligence on the technical, economic, environmental, legal and special aspects of the Yangibana project.

The confirmation is based on the understanding that a German Tier 1 company will be the off-taker for a minimum of 5,000 tonnes of Mixed Rare Earth Carbonate (MREC) per annum from Hastings' Yangibana Rare Earth Project for a minimum contract period of 10 years. Further due diligence is being undertaken on the economic, technical, legal, environmental and social aspects and the UFK loan application will be subject to final approval by the German Government's Inter Ministerial Committee.

As announced in July 2018, Hastings has exclusively mandated the German bank, KfW IPEX-Bank GmbH ("KfW IPEX Bank") to provide project finance loan advisory services and assist Hastings in relation to securing approval from Euler Hermes Aktiengesellschaft ("Euler Hermes") for the UFK Cover. KfW IPEX-Bank, a wholly owned subsidiary of the KfW Group is a leading German export and project finance specialist with significant experience in the debt financing of mining projects worldwide.

The Yangibana Project involves the development of Rare Earth's deposits rich in neodymium and praseodymium, elements vital to permanent magnets that provide many critical components of wide-ranging high-tech products, including electric vehicles, renewable energy wind turbines, robotics, medical applications and others. The development of this project is expected to bring benefits to the Gascoyne, Carnarvon and Meekatharra regions of northern Australia including through employment and business opportunities. The Yangibana Project aims to be the next significant producer of neodymium and praseodymium outside of China.

[datait2] 30/4/2019 10:57

i told you I cant short I only own own a SIPP, would own sxx maybe just before production, once bond holders have converted and i think others should do the same, i have gave my points fairly.

there is no need to be snide!

[noramping] 30/4/2019 10:54

Data, off you pop then, why dont you go a frequent the BB’s of companies which are going to make you rich, why waste your time here?

Your short or trying to deramp to get an entry point, by which time your second face starts to pump.

[pazzuzu] 30/4/2019 10:53

I don't about some comments on here. I think it's a good buy when it gets to 15 or perhaps slightly below. I will fill my boots then for sure.

[datait2] 30/4/2019 10:52

the other prob we have sxx is owned by private investors, who relish at a stock that sells in pennies, this only attracts private investors imo.

if sxx had far less shares in circ at say £10 a share, the pi's would disappear and go after some cheesy 5p a share oil/gas/copper exploration stock in west africa, morroco, bulgaria, russia, alaska,bahamas like they always do.

they are always attracted to sub 20p stocks imo. they ruin a good company's price with their constant buying/selling. imo.

[fruitfly2] 30/4/2019 10:51

datait2 - Yes, usually get built but rarely goes to plan and never on budget.

[squire007] 30/4/2019 10:50

This is the time to buy .............GLA

[11_percent] 30/4/2019 10:49

datait2,

Stg2 was never going to be low interest bank loans, with Gov guarantees.


It now looks like they a trying to scam the IIs into buying the placing......sp being supported at 18 to get the placing away. We will know by 5.00 tonight.


Anyway, the underwriter gets cheap shares.

[davethehorse] 30/4/2019 10:49

Just that if you buy now or hold I think it will be cheaper later so can buy back for less

[datait2] 30/4/2019 10:46

dave why is that important?? to a mine that will be years away from completion, why are you asking such an impatient question that has no relation to the build time of the mine,

even less relation to the stock price next month, next year??

[davethehorse] 30/4/2019 10:43

Any predictions on the price at todays close - 17p ish I reckon.

[datait2] 30/4/2019 10:43

fruitfly mines do get built, just means returns arent as good as folk thought and it takes many years to get return on capital.


my point is when do you now buy into SXX ?
can you stop the bond conversion, no.
what returns can you expect,
how many years wait,
will you miss out on not owning better stocks growing their EPS at a faster rate.

point 5 is the most important imo.

[fruitfly2] 30/4/2019 10:43

Carla has fallen on her sword.

[davethehorse] 30/4/2019 10:41

Where's Carla1??