Sirius Minerals Share Discussion Threads

[lendmeafiver] 13/11/2019 11:28

Interesting wording isn't it

[the brex pistols] 13/11/2019 11:21

This company is a sitting duck for ICL.

dyor

[djb3] 13/11/2019 11:17

The Brex pistols - you've honestly just said 'it's better than it's been for a long time here' are you serious? All that's happened is people have been backing it last few days on hope that a backer is found. They still haven't found one and are in the same position since the bond issues got pulled!

[bherring27] 13/11/2019 11:05

lol. Yet you are here.... On a fringe forum, Making up words like Deramper lol. Pathetic.

[the brex pistols] 13/11/2019 11:04

Ignore them John.

Investing is mostly about risk/reward. Right now it's better than it's been for a long time here.

We admire your honesty Millipede!

[djb3] 13/11/2019 11:04

He deserves to be reported for everything. You just have to look at the forum he created to show he was pumping it up for years. Feel sorry for everyone who listened to him - should feel ashamed of himself.

[mr.oz] 13/11/2019 11:02

Johnstupid
Where are you today?

[skinny] 13/11/2019 11:00

lendmeafiver from page 67....

[redirect12] 13/11/2019 10:54

Kreature imo I'm 99 percent that things are more than discussions a lot more the why things are going on site and the why contracted staff are about things it's as if its a done deal but of course that means nothing

[johnwise] 13/11/2019 10:52

Bherring27

I did not get where I am today by wasting my time on your sort

[bherring27] 13/11/2019 10:46

Hi John, I have looked over your posts and compiled a report. You will be reported to the FCA for Stock Manipulation,

[johnwise] 13/11/2019 10:44

Wage slaves..At least pretend you are working ...Gone to Costa

[lendmeafiver] 13/11/2019 10:34

Page 67 of ICL’s 2018 annual report is well worth a read.

[bherring27] 13/11/2019 10:34

John, You are absolutely cringworthy.

[johnwise] 13/11/2019 10:32

The De Ramping is very disappointing this morning from the usual bunch of serial De Rampers..Guy's remember what your school report said... ." A time waster that must try harder"

[bherring27] 13/11/2019 10:26

Hi Skinny, What a well thought out well reasoned argument you present there. So I am a member since yesterday, How does that affect the quality of the information, I could work for the FCA investigating Stock manipulation for all you know, I could be a fully fledged signed update financial analyst, But I joined yesterday so yeah sure.

[skinny] 13/11/2019 10:18

bherring - a member since, well today.

[kreature] 13/11/2019 10:08

MTS plans show a 3.33% slope for around 1km from Wilton ? 2.65% the steepest in UK at Lickey Incline

re funding, I'll take a guess at a gov-contribution if necessary because no-country leaves an unfinished tunnel in the ground.

[the millipede] 13/11/2019 10:07

Who knows kreature. I guess that would just prolong the agony and perpetuate uncertainty, as each time they would have this kind of "cliff edge" funding requirement before running out of cash. Whereas $600m gets them to production, and revenue, so hopefully no more cliff edges.

We can all take a view on this and there are only so many options. The funding will either be raised or it won't. And if funding is raised it will either be debt or equity or some kind of joint venture (which is not too dissimilar to an equity raise, with perhaps the added benefit of splitting the then future costs with another party) or some combination.

If funding is not raised, obviously the share price will trend towards zero. But to me all other scenarios lead to a likely profit from here and some scenarios might even lead to eventual profit for longer term holders. What I am suggesting is that even if all the $600m is raised through new shares issued at today's prices (which is not what I think will actually happen), there is more value in this for current holders than 3p per share.

For years I have been an admirer of this project and wanted to invest, but always thought the risks were discounted too readily by investors and as a result the share price too high. That equation has now changed. The finance risk has always been there - that has not really changed - but it is now very much factored into the current price in my view.

So I am long now and, like everyone else, just talking my book.....

[kreature] 13/11/2019 09:53

eccentric maybe. I don't know why it has to be 600m in one go, rather than lots of smaller placings ?

[bherring27] 13/11/2019 09:39

Hi kreature, I am not sure they have any other choice right now. Where else is the money coming from? What John is doing is criminal, Talking about Sovereign Wealth funds etc. He is basically lying.

[kreature] 13/11/2019 09:35

redirect info is usual good imo. But will it mean dilution ?