Sirius Minerals Share Discussion Threads

[hotfinance14] 02/8/2020 16:31

He is a bloody disgrace.

[clotted cream] 02/8/2020 09:21

It was shocking the previous year when he received his bonus for delivering stage 2 finance!

So how could this year be a surprise? We were warned.

That said two wrongs do not make a right

[bdog51] 02/8/2020 08:45

That's shocking. He should return it to shareholders who have lost out.

[solidpink71] 02/8/2020 06:13

Sirius Minerals boss pocketed £1.3m after agreeing takeover that cost many shareholders their life savings
23:07, 1 August 2020

[stephen1946] 21/7/2020 19:58

HOPE THE ROOF CAVES IN AND IT FLOODS.

[11_percent] 29/6/2020 11:41

Graham Clarke, CEO of Emmerson - has joined EML.

[cpap man] 20/5/2020 10:11

EML



Parob20 May '20 - 08:08 - 1093 of 1095

Are we going to break out of the pennant on the chart today?

[johnwise] 20/5/2020 08:58

Hardide Interim Results Improve, Says Demand Not Hurt By Pandemic

[djb3] 13/5/2020 15:29

Funny the way Johnveryunwise constantly posts on Wetherspoons and Barclays but stopped posting on here, I wonder why....

[kreature] 13/5/2020 13:25

It’s always been a tunnel, for a train imv. A tourist attraction in its own right, the greatest asset to the tess development, an hour off the journey for isolated communities. Will be electric, might even be hydrogen powered. But you’re never going to see your 1500m mineshaft. IMO of course .

[cpap man] 13/5/2020 10:35

EML



sportbilly197613 May '20 - 09:40 - 1041 of 1046

tick up coming soon....



Let's see if they fill this? (not mine I'll add)

momentum113 May '20 - 09:44 - 1042 of 1046

Big pockets I see. Seems credible looking at his posting history. Millionaire looking at his profile. Market Makers will have trouble if he gets aggressive.

[cpap man] 09/5/2020 09:25

EML



Parob9 May '20 - 08:15 - 993 of 993

Not sure if this Total Market Solutions interview was ever posted on this bb.

CEO mentions potash producers are usually valued on a 9-10 X multiple of EBITDA, so $2.5 billion once in production. (From 12 mins, 15 secs).

Also mentions DFS should land within the next 6-8 weeks. Interview was on 20/4 so looking at very end of May/first 2 weeks of June.

Plenty of time for the share price to build leading up to it.

[muckshifter] 05/5/2020 11:50

I wonder what has happened at the project. Perhaps those of you who were determined to refuse the AA offer got lucky, as I would imagine that the only work going on despite the lockdown would be the tunnel contract and perhaps the Lockwood shaft, to meet the tunnel. In other words Sirius would probably not have survived.

Anyway, it looks like it's time to get rid of the many millions of megabytes of boreholes, drawings, contract documents, etc that I've kept for the about last six years.

All the best to thread members.

[jsegura60] 04/5/2020 10:32

Are Anglo American picking up where Sxx left off? Are they honouring our shares?

[cpap man] 27/4/2020 10:05

EML



Nice chart @ EML

over @ the "FAR9" thread - POST 39633

EML shifting very nicely upwards now in advance of BFS which is due shortly!

[cpap man] 20/4/2020 09:44

Yup djb3 out and out c8nt

[cpap man] 20/4/2020 09:42

Emmerson Plc / Ticker: EML / Index: LSE / Sector: Mining

20 April 2020

Emmerson Plc ("Emmerson" or the "Company")

Finalised Decline Design Confirms Low Capex Mine Access at Khemisset

Emmerson Plc, the Moroccan focused potash development company, is pleased to announce that it has finalised the Feasibility Study components for the mine access design and costing for its world class Khemisset Potash Project in Northern Morocco ("Khemisset" or "the Project"). The Project is advantaged by industry leading capital costs and bottom quartile all-in delivered cost to customer, yielding outstanding economic metrics including average annual life of mine EBITDA of US$236 million and a post-tax NPV 10 of US$1.14 billion.

To view the RNS will illustrative diagrams and images please use the following link:

Highlights

· Scoping Study development approach confirmed with the mining horizon proposed to be accessed by twin declines constructed using underground mining machinery which will later be used in mining production

· Direct capital cost estimate of mine access component of approximately US$34.1m including a 21.7% contingency, a slight reduction on the Scoping Study estimate of US$34.7m

· This cost forecast places Khemisset in the lowest 10% for mine access cost for potash developments globally

· Design and estimate completed by independent engineering group, Golder Associates ("Golder"), according to AusIMM guidelines for capital cost estimates

· Mine access design and cost estimates are the final deliverable prior to the completion of the full Feasibility Study, which remains on track for first half 2020 completion despite challenges presented by the ongoing COVID-19 outbreak

Hayden Locke, CEO of Emmerson, commented:

"One of the most prominent barriers to entry in the potash market is the overall capital cost to develop the mine. Mine access, typically via a shaft, is one of the single largest determinants of overall capital cost of these projects, and can be hundreds of millions, and in many cases billions, of dollars. We are fortunate to have a Project where this major capital component can be achieved for only $34.1m, a cost saving of over 90% when compared to most projects globally. This reduction in capital cost has numerous knock-on benefits including allowing a smaller project to be developed and providing a more readily financeable project regardless of potash prices.

"A detailed trade-off study was completed to select the preferred site location and considered multiple variables including several relating to optimising the decline construction. One of the key aspects was the overall development timeline of the decline, which is now 14 months, to ensure it was not a critical path item and had sufficient buffer within the overall development schedule.

"To have improved both cost and timeline forecasts for mine access development from our Scoping Study phase gives us further confidence that the forthcoming Khemisset Feasibility Study will demonstrate a world class, low capex, high margin potash project.

"This is the fourth completed workstream item from the ongoing Feasibility Study, which continues to progress well and is on schedule for final release during the first half of 2020."

[11_percent] 18/4/2020 12:42

Anyway......sad days indeed.....previous posts were 10 days ago.

Doubt if I will be back on here any time soon......see you guys....

[optomistic] 08/4/2020 10:15

red nutter, agree with you moving, ii too expensive now for small little dealt holdings. I will eventually move but it's too complicated for me at the moment.

[red nutter] 07/4/2020 16:44

Any thoughts on whether this will re-list as I am transferring my II ISA to Barclays but can't trft this as zero value and I want to close my II account down. They will charge me £9.99 a month otherwise for holding this share.