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Sirius Minerals Share Chat (SXX)



Share Price: 15.15Bid: 15.20Ask: 15.22Change: 0.00 (0.00%)No Movement on Sirius Minerals
Spread: 0.02Spread as %: 0.13%Open: 15.40High: 15.68Low: 15.10Yesterday’s Close: 15.15


Share Discussion for Sirius Minerals


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Foxhound
Posts: 261
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 23:39
John 2015 - stop stressing over something you have no control over. On balance the RNS released earlier this evening is positive for the company and its shareholder base. Sit back and watch what happens next week when funds get paid back to shareholders who did not get their full allocation. Will those funds go anywhere but into this stock? Unlikely.
 
John2015
Posts: 3,728
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 22:04
'Nuff said. Good night all. Have a good weekend.
laurenlouise
Posts: 2,105
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:44
John2015.....i think you're making too much of this....having received a TR1......then an rns has to be drafted.....then checked and commented on and revised by the board, ......the checked by non- execs and revised etc.....then by the brokers.....then the lawyers...and the advisors.....then round and round until everyone's happy......the more complex the announcement the longer it takes.......and in conjunction with an rns , if appropriate a press release......press release for Sunday newspapers, deadline Friday evening......gedditt....
John2015
Posts: 3,728
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:40
Thanks Scotman - that makes perfect ( and on reflection bloody obvious ) sense, although a lot would depend on the timing of the transaction/disclosure ?
Maybe I'm seeing shadows where there are none, or just getting paranoid after holding these shares for 4 years.
Can't imagine why.
Scotman
Posts: 12,828
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:36
Some amount of detectives here is there not?
Where are Capital based and what is the time difference? Let’s just say imo the 6pm release fits very nicely with the company being notified in an appropriate manner and time given to produce and release the RNS.
Bellers
Posts: 426
Opinion:No Opinion
Price:15.15
RE: Cliffedge
Fri 21:32
Sometimes I feellikethrowing the shovel away and stopping digging but the outcome of all the hardwork Sirius are doing will doubtless make us quite wealthy in future! I’m hanging in here and carrying on. Not long now...
John2015
Posts: 3,728
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:20
Or 18:05 on a Friday before a bank holiday weekend ?
Except its after the close of business and as long as possible before the next trading day, maybe ?
laurenlouise
Posts: 2,105
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:16
John2015.....the purpose of an rns is to tell us and the market any information that the company has that would or could be price sensitive.......the company should issue that information as soon as is practical...there is nothing special about 7am.....
OldRascal
Posts: 983
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 21:08
They sold and shorted in order to drive down the share price knowing that Sirius would need to issue new shares.

These people would steal your eyes and come back for the sockets.

OR
John2015
Posts: 3,728
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 20:57
As no one has come back I have written to the RNS service at London Stock Exchange to ask if it is normal to issue an RNS after close of play on a Friday and under what circumstances an RNS should be issued at a time other than 07:00.
If I get an answer from them I will share.
CliffEdge
Posts: 75
Opinion:No Opinion
Price:15.15
RE: Cliffedge
Fri 20:29
Hi Bellers, thanks for the response. So our average is practicaly identical - yours slightly lower. On the upside, the sitiation we're in has allowed us to significantly reduce our average. However, in doing so im in far greater than id initially anticipated (mote than double). Trying to by my way out hasnt really worked in the short term. But fingers crossed in a year or this will be well above 26p. ATB
Trinityman
Posts: 49
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 20:28
High quality dry irony is so hard to find these days, so it's hats off to you for that post.

Far too much 'wise after the event' and 'I told you so' stuff going on here at present.

Let's be honest, it wasn't too hard making a bob or two this last couple of months was it? So let's not go waving it in everyone's face shouting, LOADSAMONEY!! (Anyone old enough to remember Harry Enfield?) Just bank it and wait for the next piece of action.

Hope everyone has a great bank holiday, the trend is your friend!
WhichWayNow
Posts: 333
Opinion:No Opinion
Price:15.15
RE: Thought for the day
Fri 20:28
Did they know there would be a discounted equity raise. No.

Did they use their experience and judge the market well. Yes.

They de-risked in case the company was unable to raise the money and the SP crashed. And they then took the opportunity to increase their holding, probably because they like the potential they saw. And the money they reinvested helped the company.
A lot of the heat on this BB has been caused by a few people warning this was going to happen (it pretty much always does) and attracting the ire of LTH.
casapinos
Posts: 933
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 20:15
Yes, at least I can't think of any circs in which that would not be the case. The rule is "within two trading days" so as of 08.00 yesterday that means either 08.00 Tuesday, or maybe end of tuesday , not sure which
dayt
Posts: 287
Opinion:No Opinion
Price:15.15
Thought for the day
Fri 20:12
When Capital ditched a shed load of shares.
I bought 25k(£) worth. Roughly at the same time at 25p.
In addition to my holding.
Did they know ? Yes probably, am i angry? No
Its time this Sp got err serious and stabalised for long term.
It is dissapointing at best that its not investigsted... coincidence doesnt work in the market...if it was ftse 100 it prob would have been. But such is life.
duracellAA
Posts: 835
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 20:07
Casa, what I am trying to get confirmation of is, if anyone has crossed the % line due to the open offer shares we should know everything by Wednesday. Yes/no
SlurmsMckenzie
Posts: 184
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:59
You're right LITC there were very strong signs which in retrospect were obvious.
John2015
Posts: 3,728
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:59
Wonder why they waited until just after 6pm on the Friday befoteva bank holiday weejend to make this particular announcement ?
Burying controversial news ? Avoiding a spike in sp ? How often is an RNS put out after close of play on a Friday ?
casapinos
Posts: 933
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:57
dura there are still >1bill shares from the placing not notified, but as the new shares in issue no. is ~7 bill , only holdings of ~200 mill+ (ie >3%)will appear. there may be some of those though.
duracellAA
Posts: 835
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:48
So the open offer shares came onto the market yesterday and since then we have had 3 TR-1 notification am I correct in that they have 3 days to notify crossing the % threshold unless they continue to buy or sell is this correct. So we may see more up until Wednesday next week.
LostInTheCasino
Posts: 632
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:45
Sure, but we were also told about their reduction. Before the St2 news RNS...
SlurmsMckenzie
Posts: 184
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:41
They not only played the odds, they created the odds by creating downward pressure but such is life
casapinos
Posts: 933
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:34
MYO I employ staff to do that !!
Myosotis
Posts: 11,233
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:32
Some pretty nifty machineryl up at Woodsmith, along at Lockwod Beck and down at Wilton.....along with schedules of use in the prospectus but have to say some may find this nifty peice of kit far more useful (see link below).....Have a good long weekend all !!.....

http://www.bluejersey.com/tag/11057/
causal
Posts: 1,720
Opinion:No Opinion
Price:15.15
RE: Rns out
Fri 19:32
Lol. LL be a good girl ,




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