Sirius Minerals Share Discussion Threads

[hazl] 19/2/2023 10:38

Follow the money bigbigdave.

[hazl] 19/2/2023 10:37

It was not the fault of management or Sirius is my point, but those who chose to take advantage of it.

Government could have helped to fund it and made it Britain's flagship.
Instead it was sold for a song to the American company.

The stock market is not a fair place.

Same people talking stocks down.....hmmmm.


IMO

[bigbigdave] 19/2/2023 10:33

Yes 11 percent, many locals ploughed their pensions into it :o(

[skinny] 19/2/2023 10:32

"The FTSE 100 mining giant bought Sirius Minerals in March 2020 for £405 million after the latter failed to raise the finance needed to build the mine. But because most investors bought into Sirius at a much higher price, the rescue deal meant that about 85,000 local investors who ploughed their savings into the company lost everything."

[11_percent] 19/2/2023 10:31

It was a bit sad......a lot of the locals in Yorkshire fell for it......many went all in.

[bigbigdave] 19/2/2023 10:30

Met a bloke at the pub who told me to invest in SXX.......rule no 1....ignore share tips down the pub :o)

[11_percent] 19/2/2023 09:56

It was a good scam.....worked well.

[hazl] 19/2/2023 09:12

Skinny I have written on SHA. 173260

[skinny] 19/2/2023 08:52

Salt & wounds spring to mind.....

[kreature] 04/9/2022 10:12

The latest is that the poly is still 1500meters underground. Meanwhile the commuter tourist train line transport tunnel or whatever it is, continues to make progress. Wonder when someone will admit that I was right all along.

[skinny] 01/8/2022 10:56

If you want the latest on Woodsmith, have a look at last week's update from AAL

[hazl] 25/7/2022 18:44

Fair enough.

[secretsqu] 25/7/2022 18:39

I couldn't possibly disagree more with your views hazl.

[hazl] 24/7/2022 08:53

I see that even The Times blames the old CEO and I don't think that's one bit fair.
He tried his best to get finance for this incredible asset, that could still have belonged to the country.
The Government could have supported it yet it was given for a pittance to Anglo American!

We know that fertiliser prices have gone through the roof and agriculture will be an ongoing trend.
I feel for the locals who put money into it but the blame ought to go elsewhere in my opinion.
Though I lost a small sum on it I believe the CEO ought to have had something back... it was his passion and he put in a lot of hard work, even writing to shareholders and getting agreements from the National parks prior to giving up.

[terminator101] 24/7/2022 06:51

Nice to see that Chris Fraser increased his renumeration at Anglo to $3.3 million. There are some that might think there was a conflict of interest selling out the company for so little and the CEO retaining his job with increased salary and benefits.

[skinny] 10/4/2022 10:13

Bitter? who me....

[kreature] 23/11/2021 21:44

5km to the coast. I know, let’s tunnel 37km the other way to a different beach. Anyway, how are those 1.6km deep mine shafts coming along?

Interim Results July 2021
‘ At the mine head, shaft boring has started in the services shaft, while good progress is also being made on the production shaft infrastructure.

So not started digging the production shaft yet? And no depth given on the services shaft which links to the train line? Still no mine then, and poly still buried 1.6km below the ground. Would it be cheaper just to buy some regular fertiliser, and use the train line as um, a train line?

[11toes] 22/10/2021 16:17

Neither,will I I hold Finablr sharesA bad investment

[skinny] 22/10/2021 15:17

Me too - they were my biggest holding by value at one point....

As I posted yesterday - after this and WLFE, I'll never invest in a UK based mining operation again.

[11toes] 22/10/2021 15:11

Lost a lot of money myself when Sirius taken over by Anglo American

[hazl] 04/10/2021 10:36

Look how it could have been for us if the Government had supported out little company and not let the Americans buy it on the cheap!

[dp1umb] 17/6/2021 19:37

Kreature have you dipped your toe into silence therapeutics yet?

[kreature] 27/4/2021 19:26

Tunnel now at Lockwood ....13km in out of 37km - looking forward to passenger services via the tunnel guys. Still no mine shaft?

June 2020
shafts at Woodsmith still at 120m
while the shafts at Woodsmith are completed to 120m depth and work on extending them will re-start later this year.


Aug 2020 - shaft still at 120m


and 4th April 2021 (last sentence)

'there is some risk to that and it is around the shaft timing'

[snow1507] 05/2/2021 19:05

Hard lessons learnt. I feel for all those that lost huge sums just before COVID kicked in.