Sirius Minerals Share Discussion Threads

[y1phr1] 28/8/2019 08:08

123 gold you have not got a clue. Unproven you know nothing.

[rakepat37] 27/8/2019 22:58

Just see the 2 massive buys gone through for nearly 500k pounds ... someones feeling lucky

[1234gold] 27/8/2019 22:21

the product has to be classed as unproven. As far as I'm aware, the product used in the ag trials was sourced from the ICL mine... Also, running ag trials and having ToP agreements doesn't actually guarantee pricing of +$150/t. Let's face it, the history of the sales agreements has been less than transparent. Are farmers actually going to pay for nutrients they don't necessarily need ? At the end of the day, it's about the potassium and there's not a lot of it in the polyhalite product.

[amaretto1] 27/8/2019 22:09

What worry me, is the possible cost over run. Take HS2 for example as the latest !

[kennyp52] 27/8/2019 21:38

1234Gold ... interesting that you state the product is unproven ... you sure about this ?

[dp1umb] 27/8/2019 19:30

Hedging, shorting, smoke and mirrors?!

[1234gold] 27/8/2019 19:23

We'd all be better off putting in £1,000 to save Bolton Wanderers and Bury...

[1234gold] 27/8/2019 19:20

Let's take this back to first principles. The project is a massive development requiring enormous capital (and subsequently risks to equity investors) with the intention of producing and selling a product that is, for all intents and purposes, unproven. Even worse, its run by an ex-investment banker who was a part player in the financing of Fortescue Metals - his thought process must be something along the lines of 'let's make this too big to fail and everyone will get on board'.

Guess what ? Over 85,000 retail investors in the UK have listened to Chris Fraser without doing a deep dive into the product, the markets and the development risk.

The development timetable in itself is long enough for Chris Fraser and his management team to make themselves wealthy while UK retail investors continue to get burnt. This stock is now down c75% of its highs and with massive dilution having occurred with significant potential for more.

I'll be the first to admit that the trading of the stock presents for wonderful money making opportunities that I myself have benefitted from. Always buy the dip...85,000 retail punters will ensure you'll make money, but don't fall in love with it.

I'll wager with anyone that this stock will be in administration before it generates any positive cashflow.

[kennyp52] 27/8/2019 18:55

Yes .. the shorts getting burned hopefully . Real possibility of government guaranteeing the main lending without the need for a bond issue thereby providing cheaper borrowing , no dilution and possible return of confidence the project will complete to production and sales . I think I know where the share price is headed in that scenario .

[pazzuzu] 27/8/2019 18:01

Shorts up again, now 6.01%. I know where this is headed. Do you?

[pazzuzu] 27/8/2019 17:45

Your an idiot.

[rumobejo] 27/8/2019 17:28

still closed blue at 2% up even with the countless knocking down from early gains on the day, it was well over 7% in first hour, more of the same tomorrow 11p then 12p then starting at 15p on bond complete rns

[kennyp52] 27/8/2019 17:27

An share price of 8.12 on 12/8/19 to 10.39 today's close ... does not mean the price is going up .... REALLY !!!

[pazzuzu] 27/8/2019 16:33

A Periodic spike does not mean the price is going up at all. The prevailing trend for this share has been down for the last 12 months plus and continues to be down.

[rumobejo] 27/8/2019 16:24

Shorts were going up in August and price is going up too, make of it what you want, fact is price will keep going up...

come on a strong finish in last few minutes...

[skinny] 27/8/2019 15:34

.

Reducing - which is what they did before increasing last time!!

From the 21st :- Citigroup Global Markets Limited 4.8783% --> 5.0249%.

From the 20th :- Citigroup 5.0125% --> 4.8783%.

[11_percent] 27/8/2019 15:13

Ok, I will ask the question......what does the RNS mean and what are Citi doing.

[pazzuzu] 27/8/2019 15:00

Except shorts are going up not down. Which frankly means,1. Another delay announced after Dilution to bridge gap to bond sale2. Shorts close with share issue3. Bonds sale complete with or without gov help. Sorry but this seems the most plasuable set of events from now on. The fact the last issue was at 15p is irrelevant, remember the issue before that one, yep, 20p.

[rumobejo] 27/8/2019 14:54

Plan is still:
1. Get bonds/gov funding sorted
2. Price rerates, short toast and rush to close
3. Price rerates more, maybe 20p+
4. Raise more equity at 15p or more based on strength of rerate

that sound more sensible and reasonable, and all focus on step 1 now

11p will soon be history, and there is a gap to 12p when it opened on bonds delays rns, then 15p last placing price, then...

[kirtonender9] 27/8/2019 13:48

SXX run out of money at end of September, so even if there is Govt backing, it would come AFTER September.So a placing is needed to keep the lights on. More dilution for private investors.

[johnwise] 27/8/2019 13:45

The POLY4 story - From our mine to your field

Video