Sirius Minerals Share Discussion Threads

[bilateral] 30/8/2019 11:26

I would tend to agree with what 1234Gold states but I believe that there is more chance that it will get to 15p than 5p.

[1234gold] 30/8/2019 09:50

sorry - not sure why that posted twice !!

[1234gold] 30/8/2019 09:49

I've been contemplating reinitiating a short position over the last week. Given the persistent attitude of the PI's though, not sure if I will just yet.

If I look at this from a risk/reward basis, it's probably priced about right at 10p. If the company gets the bond away in the next 2-wks (and it has to be in the next two weeks), the stock probably rallied to 15-20p. If they don't get the bond away, the stock falls to 3-5p.

Too binary for my liking right now and certainly no fundamental reason to be long.

[1234gold] 30/8/2019 09:49

I've been contemplating reinitiating a short position over the last week. Given the persistent attitude of the PI's though, not sure if I will just yet.

If I look at this from a risk/reward basis, it's probably priced about right at 10p. If the company gets the bond away in the next 2-wks (and it has to be in the next two weeks), the stock probably rallied to 15-20p. If they don't get the bond away, the stock falls to 3-5p.

Too binary for my liking right now and certainly no fundamental reason to be long.

[kirtonender9] 30/8/2019 09:49

Not a chance.You are living on eutopia

[johnwise] 30/8/2019 08:01

Bloomberg.

Farming the World: China’s Epic Race to Avoid a Food Crisis

China’s 1.4 billion people are building up an appetite that is changing the way the world grows and sells food. The Chinese diet is becoming more like that of the average American, forcing companies to scour the planet for everything from bacon to bananas.



China to increase meat supply to meet rising demand

China will take measures to increase meat supply in the market to meet rising demand, Ministry of Commerce (MOC) spokesperson Gao Feng told a press conference Thursday.

[rumobejo] 30/8/2019 07:48

looking to crack 11p today

here is the expected sequence of events that would lead to 20p+
1. bonds/gov funding sorted 15p+
2. shorts forced to close 20p+
3. equity raise between 15p-20p

then the ultimate re-rate to 30p and beyond...

[johnwise] 30/8/2019 07:45

Bloomberg.

Farming the World: China’s Epic Race to Avoid a Food Crisis

China’s 1.4 billion people are building up an appetite that is changing the way the world grows and sells food. The Chinese diet is becoming more like that of the average American, forcing companies to scour the planet for everything from bacon to bananas.



China to increase meat supply to meet rising demand

China will take measures to increase meat supply in the market to meet rising demand, Ministry of Commerce (MOC) spokesperson Gao Feng told a press conference Thursday.

[wheeze] 30/8/2019 07:45

https://www.theguardian.com/environment/2019/aug/29/adani-mine-would-be-unviable-without-44bn-in-subsidies-report-finds

[walkermike1] 29/8/2019 22:22

Somebody sensible? Unlike you then?

[fez77] 29/8/2019 21:30

British Bulls - "STAY LONG"

[traderguy1] 29/8/2019 21:18

SoilderBoy...that was a UT trade ( uncrossing trade ) after hours. Doesn’t mean nothing for your information. Have a read up then talk some sense...lol

[soilderboy] 29/8/2019 18:58

Very heavy sells after hours. Some body sensible.

[prmoldoaks] 29/8/2019 17:20

Look at the charts and see how many relief rallies this stock has had, Bond markets are worse than ever, so expect lows to be tested before an answer is forth coming,

[walkermike1] 29/8/2019 14:37

What roadshow?

[alphapig] 29/8/2019 14:27

Ahh blueball, so it's starting to work it's way down then, lol!

[bilateral] 29/8/2019 14:22

the market was a lot more jittery then, it will calm down in September when the Trump China trade deals calms down. Share price backs this up, went as low at 7.5p, now back at 10.5p. It is still risky for the average investor, but clearly if you are following this thread you know that if you want returns you have to take risk. I think that they will find hungry investors in September in and around 15%, which will help them unlock the revolver. Again buying now for a potential 50%-100% upswing in the next 30 days represents great value. My thoughts, but you are of course entitled to your own.

[not my real name] 29/8/2019 13:45

Bilateral,

Investors were not the least bit hungry 23 days ago when the bonds were on offer at 13.5%. Didn't even fancy a snack, not even a nibble.

What has happened in the last 23 days to change their minds?

NMRN

[bilateral] 29/8/2019 13:24

They will be doing their roadshow this month. Have no doubt that they will raise the 500M as investors are still hungry for income, and with interest rates falling investors will snap up this offering whether it is priced at 8% or 15%. Fill your boots whilst it is at this price, will get to 20p by the end of the month.

[1234gold] 29/8/2019 12:22

Agreed. Construction of this project is not the riskiest part. Production and sales of 10Mtpa ramping up to 20Mtpa is actually the key risk for SXX investors.

The product is a blending tool for MOP at best. Remember when CF used to talk about this project potentially producing SOP ? Now that would have been the way to go - but obviously wasn't viable.

[kirtonender9] 29/8/2019 12:05

This project is still very risky. All construction projects are risky, this more so because the price of potash could fall with other suppliers coming on stream.I don't think the tax payer will be too pleased if the Govt bailed out what is still a private company regardless of whether a lot of jobs are going to be created some time in the future.It won't happen. I doubt it would happen under a Labour Government, never with a Tory one.

[spirito] 29/8/2019 11:50

I have no idea but I'm balls deep so sticking with it!