Sirius Minerals Takeover Rumours (SXX)

The big giveaway Sirius Minerals in advanced talks over sale to Anglo American A takeover offer pitched at £386mln, or 5.5p per share, could potentially be recommended by Sirius Minerals management https://www.proactiveinvestors.co.uk/companies/news/910155/sirius-minerals-in-advanced-talks-over-sale-to-anglo-american-plc-910155.html

The big giveaway Sirius Minerals in advanced talks over sale to Anglo American A takeover offer pitched at £386mln, or 5.5p per share, could potentially be recommended by Sirius Minerals management https://www.proactiveinvestors.co.uk/companies/news/910155/sirius-minerals-in-advanced-talks-over-sale-to-anglo-american-plc-910155.html

Kreature I just keep on holiday as you probably know the hardest part of this game is the exit , all those still holding here can vouch for thi. My exit for silence will probably be a takeover at somewhere between £3 and £20. Who knows??

Holidayfunds, "say, $600 million in return for a 40% stake" ---------------------------------------------- I would say more like $600m for a minimum 75% stake. This still leaves $2.5bn to be raised from elsewhere later on. The dilution would just keep on coming and that is why I think they will struggle to find a strategic partner. I subscribe to the administration route followed by complete takeover by third party giving them 100% control. That's why I see no value in the current shares. What the mine will eventually be worth is irrelevant in my view. It would also appear to be the view of the hedge funds. NMRN

At these levels and with the recent update....Its quite obvious to now see It’s being shorted for a reason ... IMO takeover. The asset is worth £8b !! Minimum... £1b plus spent to date.. 100 yr LOM.... the only obstacle to a major making a 5p ps offer for all is CF’s face to all the LTH’s here.5p takeover for a big player would cost £400m , they then pile another £400m into the project and hey presto..... they have a minimum £8billion NAV , secure 100yr LOM project....At these levels ‘Don’t’ let the doomsayers cloud your judgement.

£350m 5p ps takeover would be a good deal for a major. £1b saved (in hand) and a cracking long life project. IMO only

I'm considering a £1 takeover bid on condition that I can keep the TBM and instructions on how to drive it.

No one will takeover a non profit making company. At this moment this company is not a single penny . Any takeover will be done privately. And that means all share holders will lose everything.. as the ball is not in the company hand, sacrificing share holders is not out of the equation and becoming highly possible .

If the company goes bankrupt there will be no company to benefit. You really think the 10% will be kept by sxx. Course it won't all be sold in takeover.

I have some good friends invested in this. I was nearly roped in myself but I resisted when I read about the funding issue. There are several possible outcomes here. My guess for what it is worth is a takeover of some sort and possibly a share consolidation where you get one share for every ten you hold. Alternatively on a lighter note maybe Mike Ashley could buy it up. I genuinely hope that there is a good outcome here.

Will be interesting to see how a supermajor ie BHP Billiton et al takeover engineering operations. I expect that they will be grateful to see British ingenuity in action and will make few changes. Interesting and highly speculative situation. Bit hard on LTH’s though :(

Looks ripe for a takeover soon. PI will be lucky to get a penny.

Surely a takeover by Gina makes sense