Sirius Minerals Share Discussion Threads

[amaretto1] 04/3/2020 08:54

I've got a very good ideaNot linked to any oil or miningRecession proof And the FUTURE !! Massive potential ...

[glenalmond] 04/3/2020 08:52

"So what now?" someone asked on LSE this morning.

Extract of a letter I received from Interactive Investor on 25th Feb:


Expected Effective date: 31st March 2020
Terms: GBP0.055 for each share held
Expected pay date: 14th April 2020

Sirius Minerals plc has announced a Scheme of Arrangement with Anglo American plc, subject to court and shareholder approval at the meetings to be held on 3rd March 2020. If approved, the effective date is expected to be 31st March 2020.

Under the terms of the Scheme, holders will be issued with GBP0.055 in cash in exchange for each Sirius Minerals plc share held.

Cash will be issued to entitled shareholders upon receipt from the company. This may take up to 10 working days from the official expected pay date, expected to be 14th April 2020.


So just hold your horses folks - or sell now and lose a further 10+%, I guess.

[sportbilly1976] 04/3/2020 08:52

what are investors' plans to recoup losses from SXX, or plans to re-invest proceeds?

[djb3] 04/3/2020 08:11

Amaretto's so thick he can't seem to work out he's underwater. I'd go back to school and study Maths, must of been asleep in the classroom.

No sign of the other thick tool Johnunwise, I wonder why.... could they be the same person, or maybe even lovers, not like there anything wrong with that like...

[amaretto1] 04/3/2020 08:10

I'm serious ! U would have held SXX all thru 2020What's the difference ?

[amaretto1] 04/3/2020 07:52

U want a share that will get all your money back this year ? I'll tie myself to the Bridlington Bell if it fails ..... I'm giving u a heads up on the future path of learning !!

[itsnotmeitsy0u] 04/3/2020 07:26

now where is that halfwit pazzuzuz or whatever that cretin calls himself

[itsnotmeitsy0u] 04/3/2020 07:24

will be a quick 2k profit for me - thanks for voting it through s/hs!

[skinny] 04/3/2020 07:01

.

Sirius hereby announces that at the Court Meeting and the General Meeting held earlier today in connection with the Scheme all resolutions proposed (details of which are set out in the notices of the Meetings contained in Parts Eight and Nine of the Scheme Document) were passed by the requisite majorities and, accordingly, the Scheme was approved.

Russell Scrimshaw, Chairman of Sirius, said "The positive outcome from today's meeting secures a return for shareholders, and provides greater certainty in terms of safeguarding the Project, protecting the jobs of our employees, and allowing the community, region and the UK to continue to benefit from the Project."

more.....

[smartie6] 04/3/2020 03:37

Amaretto, are there any shxt shares that you're not in?
How much are you underwater?
I get the feeling that you maybe a shorter.

[kreature] 04/3/2020 00:15

Re today's BearCast ....Yes investors made their own decisions to become shareholders, and sure, no-one was strong-armed into becoming a shareholder

However, I think some may say that investors were deliberately misguided into making bad decisions, eg. via polished youtube videos making unproven claims, such as those in the tomatoes video. Sometimes 10 promotional videos per month, perhaps helping investors to make bad decisions to buy based on fantasy, and giving them a false sense of security. Were those offtake agreements either bogus or exaggerated? Wouldn't the company or someone be liable for shareholder losses if it deliberately misled its investors, or encouraged them to buy while at the same time it had other less favourable plans ?

Personally I'd be looking to see if investors were deliberately misled into making bad decisions. I would not be placing all of the blame on the investor. Whether they were cheated here or not, I don't know, but I'd be collectively looking to find out via a lawyer. Needless to say, I still don't believe this will ever be a salty rocks mine. imo - atb

[itsnotmeitsy0u] 03/3/2020 23:40

nice 24 hour profit for me - will be dumping all 200k shares odd first thing...

[djb3] 03/3/2020 22:22

Best going into PMs now. Markets too unpredictable and volatile. Even PMs battered on Friday due to margin calls, but up strongly since.

[sportbilly1976] 03/3/2020 21:50

Jeez...well done, not we'll die!!

[sportbilly1976] 03/3/2020 21:50

Dyor rather than stir - predictive text!

[sportbilly1976] 03/3/2020 21:49

If announced tomorrow, we'll die for getting at least some return back.The question now is what do you do with your 5.5p's?Looking to retain a potash exposure, and an opportunity to get multiples back...cast your eyes over EMLCurrently 4p, and due to release their Feasibilty Study in the next 4-6weeks with Shard Capital assigning a 22p a share target price by this stage in their development.Truly an opportunity to get 10-15x your investment over the next 12-18 months.Stir as always

[tolly1970] 03/3/2020 21:42

https://www.yorkshirecoastradio.com/news/local-news/3055860/sirius-minerals-takeover-approved-by-shareholders/

[djb3] 03/3/2020 21:26

Graham he honestly makes things up in his own head. Just ignore him thinks he's in the money getting 5.5p back.

[graham2405] 03/3/2020 21:18

Amerto please do explain how he made 25 million?

Given less than a two percent stake in a circa 400m company?

[graham2405] 03/3/2020 21:16

Americans?

The only reason for the American in the name is that, the J P Morgan loaned Oppenheimer the startup cash. In truth it’s historically a South African company, registered in the UK.

[beeezzz] 03/3/2020 21:11

CF said they had looked at all options, yet we never knew what these options were, didn't give shareholders respect in disclosing them so a discussion could be had.

I still think this has a bad smell about it, Government have allowed a major asset in hands of the Americans...

I just hope vertical farming takes off where no fertiliser or pesticides are used producing an ecological perfect organic product...