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Sirius Minerals Share Chat (SXX)



Share Price: 20.54Bid: 20.58Ask: 20.70Change: 0.00 (0.00%)No Movement on Sirius Minerals
Spread: 0.12Spread as %: 0.58%Open: 21.28High: 0.00Low: 0.00Yesterday’s Close: 20.54


Share Discussion for Sirius Minerals


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andinio
Posts: 76
Opinion:No Opinion
Price:20.54
RE: (Mis) interpretation
Sat 23:56
Unlike D.J. Trump, CF seems to understand the art of the deal. He's deep in negotiating the best deal he can to take the project to a successful completion. To me, the RNS was speaking to the potential investors/financiers. It tells me that he's not a passenger in this negotiation.
 
andinio
Posts: 76
Opinion:No Opinion
Price:20.54
RE: (Mis) interpretation
Sat 23:44
IMHO.
Shareholders were not meant to be the no. 1 audience for the RNS stating 'before the end of April'. He's sending a message to us with the aim to speak to listeners elsewhere ;)
dayt
Posts: 278
Opinion:No Opinion
Price:20.54
RE: Sense of perspective
Sat 23:35
Thanks for the balanced response, i too have been in here since the very early days....and like you added along the way, i do hope for good news soon.. gl.
15LIVES
Posts: 588
Opinion:No Opinion
Price:20.54
(Mis) interpretation
Sat 19:21
Jonesrichard

Yes they didn't have to say by the end of April, but by doing so does this or does this not make those we're now in discussions with think about their timeline for confirmation or not?

They are now in negotiations with a company that has mentioned the end of April to its shareholders and a company that has a proven track record of going elsewhere when it feels heels are being dragged.

We're in the driving seat here now I believe. We have a potentially disruptive product gaining ever more credence, eg Boulby focus, off takes, a state of the art mine etc etc. The list of positives goes on and on. We are the ones being sought.
jonesrichard
Posts: 2,318
Opinion:No Opinion
Price:20.54
RE: (Mis) interpretation
Sat 18:29
My point is that there was no need for them to mention end of April, they could have easily just left it as 'as soon as possible' the fact that they did mention a date makes me think that we will hear something before the end of April, if we don't hear anything then it won't be good for the sp as people are looking for clarity with regards to the stage 2 funding so as long as it is forthcoming then everything should be fine.
Mr.dt
Posts: 790
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 18:17
This rooster sounds like a right c#ck! You know I can't wait for news (positive or neutral) neither matters as it means production is reached so those still holding out for a cheaper buy in can do one!

Positive or neutral will be the outcome as there is no way it can have a negative effect....and it will happen it's just when!??

Thanks to the few who wished me happy birthday i sincerely hope to meet a few of you at some point along this exciting journey. ; )
ffcmember
Posts: 643
Opinion:No Opinion
Price:20.54
RE: Sense of perspective
Sat 18:06
excellent post Lives ..... ST2 will have a massive impact on the sp but so will getting it built... the progress is amazing and I we continue to remember CF saying the value is in getting it built !!!!!
15LIVES
Posts: 588
Opinion:No Opinion
Price:20.54
Sense of perspective
Sat 17:55
Dayt

It can't be delayed if it hasn't been promised.

I've been invested here since 2p and have bought up to 24p. This is a potentially life changing share with the ability to make you vast amounts of money if you play it right. It always has been.

Investors are getting twitchy now because it's getting close to crunch time. For many that's the end of this month but personally it's when our money starts running out over the summer if we still don't have stage2 in the bag by then.

To me, the recent suspension of talks over funding was a positive step. It puts us in a commanding position as I see it. Whoever this institution / soverign wealth fund / wealthy individual is they know that if CF was in secret negotiations with them during his known talks with the banks he could well be in talks now with another quite literally third party. They'll have that in the back of their minds knowing our money runs out over the summer so if they want to invest they'd better make their bloody mind up.

And we all know what a fantastic investment opportunity this is.

CF is ruthless when it comes to business. He does things correctly (planning delay to get it perfect for approval) through to shaft sinking contracts being given to another, unexpected company.

This talk that berates him and of him being a liar and letting us down is pure crap as far as I'm concerned.

Stage2 shall be sorted with the best terms possible and those that have the belief and the patience shall be handsomely rewarded over the coming years.
Dazza1970
Posts: 20
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 17:55
Or roasted tomorrow, with a good stuffing lol
AlanG
Posts: 2,734
Opinion:Strong Buy
Price:20.54
Rooster 2011
Sat 17:53
Rooster I will cut and paste your earlier post after Funding has been announced !!! I trust you will be here then ? Or will you go Deramping on another board ?
avocet123
Posts: 1,437
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 17:51
Hi sweetie rooster. Good chance you might be toast next week ??
dayt
Posts: 278
Opinion:No Opinion
Price:20.54
News
Sat 17:47
Fyi i havent shorted. Maybe i should have . But i do have a strong belief in this Company. Its a personal opinion thats all. Equally i will be very happy if in the next week or so they have it tied up. My famil, friends an i have allot tied up here and we are all lth. That will remain, it would be nice though ro get some confidence, a new stable sp even mid to high 20s and crack on with building .all be it with potential further delays in construction its always the case.
ffcmember
Posts: 643
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 17:40
Hi Rooster can I ask the importance of the 2011 after your name please ??? Is it your DOB ??? I'm betting against it as I think your younger than that !!!
Dazza1970
Posts: 20
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 17:39
Everyone is entitled to their opinion.
Don't believe that will happen but that is my opinion.
If you have shorted (and sounds like you might have) and it drops then well done. If they announce the funding then good luck recovering the losses.
IMO
Dazza
Rooster2011
Posts: 14
Opinion:No Opinion
Price:20.54
RE: Delaying the news
Sat 17:29
We all know 15 to 10pence is coming. They haven’t funding for the next leg, poor state of affairs . Long term been shafted in my opinion sweeties
dayt
Posts: 278
Opinion:No Opinion
Price:20.54
Delaying the news
Sat 17:22
I still think theres an option the confirmation could be delayed, this will have a neg impact on sp.
Or they will say they have mid term finance agreed and st2 step1 form ..
Equally this is all just up in the air thinking by someone who has 400k shares now and a bit nervous.. but ive always been a lth. 2009..
15LIVES
Posts: 588
Opinion:No Opinion
Price:20.54
(Mis) interpretation
Sat 16:48
Jonesrichard

You haven't misinterpreted the March RNS if you believe the end of April is being worked on to get confirmation of stage2 funding. However, you have, to me at least, misinterpreted it if you have read the RNS as giving the end of the month as a last remaining date that is set in stone.

You're correct in saying they didn't need to mention the end of April but the manner in which they have doesn't on the other hand constitute a firm promise.

It's just the way I read and see it. The same way the word 'intended' was put in CFs official company statement a while back regarding no dilution at stage2 funding.
jonesrichard
Posts: 2,318
Opinion:No Opinion
Price:20.54
RE: (Mis) interpretation
Sat 16:21
The general consensus seems to be that news one way or another is expected before the end of April as that is what the company intimated on March 12th, it is correct that they did not promise or guarantee it but obviously as soon as they give their own unsolicited, self imposed mentioning of dates then naturally investors will cling to those dates most probably because we have been starved of positive news that will get the sp moving for a very long time.

The following is from the March 12th RNS:

"The Company is working towards obtaining firm commitments for the Alternative Proposal and its additional financing requirements before the end of April 2019. The Alternative Proposal is subject to the finalisation of the Financial Institution's due diligence and internal approvals.

Further announcements will be made in due course."

Now, they could have left out the words "before the end of April 2019" couldn't they? and just had the line "Further announcements will be made in due course." in it's place but they obviously felt that they would be in a position to at least update shareholders at some point before the end of April, otherwise what's the point of even mentioning specific timescales when they could have just left it like they had before when they stated something like they would be updating on finance 'as soon as possible' which is nebulous, yet on the March 12th update they clearly felt confident enough to effectively make a rod for their own back as if they don't release any update before the end of this month then rightly or wrongly the 'they are running out of money' narrative will have a detrimental impact on the sp in my opinion which obviously genuine investors here really don't want to see, obviously derampers would love to see it so lets hope they don't get what they want and the company give clarity with regards to the financing so we can all move on and concentrate on major torp orders, construction progression ahead of schedule and finally more positive national exposure.

I rarely quote the Fool bit in the article today it states:

"So what’s the latest news and why does it make me a bit twitchy? The answer to both of those is that there isn’t any, and we’re getting very close to the firm’s target of the end of April for securing and announcing a deal.

The last we heard was that there’s an alternative financing proposal on the table, but that was more than a month ago and the newswires have since gone silent. And the more we don’t hear anything, the more investors will fear the worst."

I understand that the whole point of the MF is to be extreme in how they depict situations that companys are in but it seems that rightly or wrongly the general feeling is that people are expecting an update before the end of this Month, possibly it would have been better if the hadn't even mentioned the end of April. Let me know if I have misinterpreted the 12th March RNS.
John2015
Posts: 3,538
Opinion:No Opinion
Price:20.54
RE: Motley Fool
Sat 15:01
Really useful writing that on a Saturday when the markets are closed and most peolpe are on holiday for a long weekend or the whole week.
Well done Alan.
gdshaw
Posts: 22
Opinion:No Opinion
Price:20.54
RE: 10 days to go
Sat 14:46
@SlurmsMckenzie: Both an equity issue and leasing deals were listed as possible options in the RNS of 6th September and reiterated on 12th March, so I don't think there is any reason to doubt the FT's claim that Sirius is assessing them. "People with knowledge of its plans" may simply refer to those willing to do a minimal amount of research.

You might want to infer from the article that these two options are the leading contenders for raising the finance, however it doesn't actually claim that.

(My reading of the RNS of 12th March was that none of the options are completely off the table, but of course that does not imply that the four options are equally likely at this point in time.)
15LIVES
Posts: 588
Opinion:No Opinion
Price:20.54
(Mis) interpretation
Sat 14:10
KOH

Good post.

Misinterpretation of carefully crafted and intentionally worded company statements are the reasons some investors feel cheated and 'lied' to, such as stage 1 funding, RNS announcement regarding quarterly updates, so-called promises concerning stage2 dilution etc etc.

Instead of hearing what they would like to hear when reading official announcements and comments by those in the know when interviewed or put on the spot by probing questions it would be far better to put the words under a microscope and to read them with actuality.

This stage2 funding announcement and it's definite deadline by the end of April is a perfect example of such misinterpretation. At no point have we been told by our company that the deal shall be secured or not be by the end of the month, yet repeated references to it have to some coalesced into the belief such a thing has been promised. It's such thinking that shall lead some to cry foul, lied to and cheating if it doesn't materialise by the month's end.
Chesh
Posts: 15,399
Premium Chat Member
Opinion:No Opinion
Price:20.54
RE: Motley Fool
Sat 14:10
Chesh
Posts: 15,399
Premium Chat Member
Opinion:No Opinion
Price:20.54
RE: Motley Fool
Sat 14:00
I'm sure a link will pop up soon Everestsd,

and whilst search for it.......... Google popped with gem up....... under "People also ask"

"Is The Motley Fool legitimate?
The Motley Fool is generally regarded as relatively legit, at least in that they're not likely to do anything outright fraudulent and they definitely have reasonably in-depth content to provide you. The Motley Fool makes a fair amount of money off the subscriptions, though, and they do hawk them quite violently."

All the best (lol)
Chesh
Posts: 15,399
Premium Chat Member
Opinion:No Opinion
Price:20.54
RE: Motley Fool
Sat 13:55
Not more Motley than Fool then...........!

snigger snigger ...........!

All the best (We must be at a low (SP), what does Hargreaves think about it I wonder :)
Everestsd
Posts: 34
Opinion:No Opinion
Price:20.54
Motley Fool
Sat 13:53
Sorry I should have added it can be read on the Yahoo Financial site




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