Sirius Minerals Share Discussion Threads

[wheeze] 09/1/2020 22:25

Someone buying stock for AAL clearly

[kreature] 09/1/2020 21:54

Massive buys, or worked sells ?

[wheeze] 09/1/2020 21:53

Massive buys after close today. Anybody have a clue what these are about ? Short covering possibly or someone in the know that a counter offer is on the way ? I have serious mistrust over the way this financing deal was handled. I do not trust JPM or their advice, but thats just me.

[beeezzz] 09/1/2020 20:59

CF seems to be taking the easier way out, whether shareholders will go for this deal or challenge CF to get financing...

[kreature] 09/1/2020 19:51

£383m cap is looking shortable imv. Y'r 5.5 non-offer isn't even built on sand, and there's still a multi billion dollar concrete pipe to pay for, using zero revenue. The market is there to be tapped, so why not use it

[pazzuzu] 09/1/2020 14:56

Sp pis have paid for most of it and shouldered a load of risk, he then flogs it cheap and cuts it out of pis hands. Who called this a year ago, was it 11%, well done sir. And i would bet fraser is still employed with AA after the deal, i bet you he will be. The whole thing has been a contrived scam, and his pathetic 10k buy we thought was just him trying to rally support in the most ill informed way possible was more likely a little coded message to his pals to say, hey guys we are below the sell off price now!

[ekuuleus] 09/1/2020 14:17

Thanks skinny much appreciated

[skinny] 09/1/2020 13:36

Ekuuleus, you can sift the chaff for the wheat .

[johnwise] 09/1/2020 13:35

12.04 a buy of 10,000,000 shares ?

[the millipede] 09/1/2020 13:28

Ek - if you read through the Sirius stock exchange announcements, all the bond info is there. Would be useful to have some kind of summary on the website though, I agree.

[ekuuleus] 09/1/2020 13:23

:) was lookin to buy a few a few days ago about 3.3p but then motley fool tipped them so I steered clear. Would have sold yesterday after the news.

if I had an account to short I might be tempted but little risky.

[ekuuleus] 09/1/2020 13:21

:) was lookin to buy a few a few days ago about 3.3p but then motley fool tipped them so I steered clear. Would have sold yesterday after the news.

if I had an account to short I might be tempted but little risky.

[walkermike1] 09/1/2020 13:14

I can't see this deal going through. Just a hunch.

[kreature] 09/1/2020 13:12

So why would the share price fall below the latest non-event price ?

[muckshifter] 09/1/2020 13:10

Ekuuleus,
the $400m bond was the one held in escrow pending the completion of the stage 2.2 financing deal with JPM, and was repayed on the declaration of a "non event", iirc.

PS. Soon found the source of my remembered value:


$240m + 8% interest for 3 years (the money Sirius had to hold in escrow to pay the interest was for the first 3 years iirc so would have lasted until November 19). Roughly £225m after conversion.

[kreature] 09/1/2020 13:00

Why would the share price fall below the done deal no offer made price ?

[mr.oz] 09/1/2020 12:45

SXX off my watch list
Thread likely next

[ekuuleus] 09/1/2020 12:42

what bind information I could find is as follows:

3 issues
International bonds: Sirius Minerals, 5% 23may2027, USD (Conv.) (XS1991118255)
Outstanding face value amount 106,600,000 USD

International bonds: Sirius Minerals, 5% 23may2027, USD (Conv.) (XS1991116127)
Amount 400,000,000 USD


International bonds: Sirius Minerals, 8.5% 28nov2023, USD (Conv.) (XS1515223516)
Outstanding face value amount 137,600,000 USD

[amaretto1] 09/1/2020 12:04

Your avg 8p Leaving u with 2200Imo, buy 200,000 XSG.

[cottlet] 09/1/2020 12:03

beerboy wants the price to drop so he can jump in again!!!!!

[beerboy2] 09/1/2020 11:03

Yes sell them and move on theres little chance of a 2nd buyer coming along

[kreature] 09/1/2020 10:50

Probably just watching the construction of an enormous gold tap to market. Does an RNS of chit-chat news prevent a future placing? I doubt it somehow.

[costax1654x] 09/1/2020 10:26

Anyone noticed ORM ?Gold asset in Salamanca and 5 mil £ Cash,no debts, for 3 mil mcap!