Sirius Minerals Share Discussion Threads

[lendmeafiver] 13/11/2019 16:52

Debenhams is a very poor comparable, this is completely different situation from a retailer with too much debt that needed to restructure its retail units, this is a single construction project business so surely the board could scale back operations accordingly and manage cash flows if they really had to. Again who would force a bankruptcy and why in this case?

[the brex pistols] 13/11/2019 16:48

One or two (or one of the same) gimps on here. No need to read their/his/her irrelevant rubbish. Probably just being paid a pittance to talk down the share. Who in their right mind would own this stock if they were rubbishing it constantly? Answer - no one!

[djb3] 13/11/2019 16:42

It's gonna be another Debenhams imho. Everything that Debenhams had went to Celine on the cheap and even Mike Ashley lost his 30%.

[lendmeafiver] 13/11/2019 16:28

Sorry I don’t understand what you are trying to say.

[dp1umb] 13/11/2019 16:23

lendme so it should be all plain sailing from here and the shares should recover quickly upto around 15p before testing 40p in the spring?

[lendmeafiver] 13/11/2019 16:15

Sorry I don’t understand the logic or should I say lack of logic behind some of the arguments here, firstly who would bankrupt the company and why? when the company could just slow the build down further and reduce overhead if they really had to, additionally I do not understand the extreme dilution being suggested, current shareholders down to 5% doesn’t sound right, surely the company will raise normal debt once the higher risk parts of the build have been funded?

[djb3] 13/11/2019 15:56

If it's bankrupt it would just be sold to highest bidder (a totally different company) who would take everything and shareholders unfortunately would be left with nothing. As kreature just said it's not millions needed, it's billions - anyone coming in would want total control and also any future income to even attempt to put that kind of money in - it's very high risk as it is and it would be years before they get anything back from their investment.

[dp1umb] 13/11/2019 15:54

Because historically this is what ordinary shareholders get from these positions.

[lendmeafiver] 13/11/2019 15:37

What is the logic behind your 2 to 5% statement?

[dp1umb] 13/11/2019 15:35

No the original shareholders would probably only own between 2 and 5%

[dp1umb] 13/11/2019 15:34

No the original shareholders would probably only own between 2 and 5%

[lendmeafiver] 13/11/2019 15:31

Why would it be bankrupted? even in the event that financing completely failed surely they would just mothball the site, reduce the overhead and run a solvent sale or refinancing process, who would trigger a bankruptcy and why?

The project has USD11bn of NPV according to the latest RNS, if the company is financed to completion then in theory with that sort of NPV even people who purchased at the very peak could well see their investment fully recovered in time couldn't they?

[kreature] 13/11/2019 14:38

Even if it were bankrupt, a buyer still has to find a few billion quid just to get up and running. The order is too tall imv, but I think that's already been said over and over

[djb3] 13/11/2019 14:08

No one will touch this until it's bankrupt. They don't care about shareholders and know they can get it for peanuts in a few months.

[y1phr1] 13/11/2019 13:37

Every one else has been.

[lendmeafiver] 13/11/2019 13:17

At USD11bn NPV there is no need to wipe anyone out!

[grity] 13/11/2019 13:12

Why would any partner wish to wipe out local shareholders, it would be in there intrest to keep the locals sweet & keep the positive vibe in the air as a lot of the workforce will be local shareholders.
There are a lot of companies who have morals and arnt dog eat dog kind.
DMC does have a office locally maybe just not a coincidence it was ment to be the Halo partner.
Keep positive it Will work out well imho !

[djb3] 13/11/2019 13:00

Be careful Bherring you might get filtered by Johnunwise hahaha.

[lendmeafiver] 13/11/2019 12:53

Well hold on, the project does have a NPV of circa USD11bn so there is surely scope for potentially huge shareholder value if they get the funding resolved.

[grahamburn] 13/11/2019 12:49

But DMC have a number of different projects as evidenced by the side panel on link.

[skinny] 13/11/2019 12:33

Post 45847 - .

[kirtonender9] 13/11/2019 12:28

Existing shareholders are still going to be virtually wiped out.Why would any 3rd party invest now and take care of shareholders when they know SXX are desperate?It won't happen.

[leafysuburb] 13/11/2019 12:17

Thanks to dhc on the LSE, DMC have an advert out for several vacancies in North Yorkshire. dyor

[bherring27] 13/11/2019 12:16

There's no way you got rich by been a "Serial Ramper" LOL, That phrase is absolutely cringe.

[johnwise] 13/11/2019 11:53

world fertilizer.com

"We are in discussions with potential strategic partners and debt investors with the aim of securing the best route to finance our revised initial scope of work and will update the market and our stakeholders on the progress of those when appropriate."