Member Info for mrJimV

stokey , time will tell ,well I have always favoured a partner who is rich and has the same goal as SXX , also will pay their way even for the work SXX has already done so SXX is funded till production ,
Like Scotsman said he hopes no dilution but I think they will have to , there is a lot of choices on the table

stokey , isn`t that what I was saying will it be 500 million or 2 billion extra shares we don`t know what deal is being done with the ii`s , but there has to be some dilution to speed up the money needed to get started , also you mention exchange rate , i would think the borrowing etc would be done on stage payments anyway and exchange rates would happen each time more is taken on these different stages , the amount SXX needs the funding will be complicated ,

I don`t think the interest rates will be that high against what interest rates were in the 90`s but would think higher than normal of present times, when SXX get the finance will they use some of that cash not only run the business but pay any of the loan off . If say finance gets sorted by end of the year the Mine wont go into production for 4 years so they will have to get an agreement that the lenders wont get any money back for 4 years or interest payments only till SXX go into production ,
As for equity that is what a lot of folk will be wondering even if they don`t like talking about it on these bb`s , equity has got to play a big part in the financing just how big , is it going to be 500 million extra or 2 billion extra , the other question who is going to buy those extra shares and is SXX going to look for long term ii`s that dont off load when they get the cheap shares ( as usually they are bought at a cheap rate by the ii`s )

No they wont , He said in his funding update last time he is working on funding Phase 1 , when he is ready to release news on how it will be funded then the SP will either like it or dislike it , remember he has to find a lot of cash for Phase 1 , if he gets it which is pretty well a dead cert I think you will find the SP will Boooom first thing in the morning that the news is released and many will be locked out , I also think the ii`s will know early and buy night before as they generally do which will knock the SP up ,

the reason why it keeps dropping is they haven`t given news on funding on Phase 1 , loads of news on funding Phase 2 but as we all know phase2 funding is guaranteed by the Government . the company really needs to give some news on Phase 1 soon as it is scaring off investors .

is also showing a buy which a lot of the time are right IMO.
http://uk.stoxline.com/q_uk.php?s=barc

Seems good at the moment
Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 08/09/2016, 1 day ago, when the stock price was 169.9980. Since then BARC.L has risen by +2.80%.Market Outlook You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.
Market Outlook You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.

LV / I admit I sold at 47p ready to buy in again but I tend to agree with you 75p or even up to a pound could well be made on news on raising the cash needed for Phase1 , phase2 was very easy to finance , it is all down to Phase1 , could well be the hottest share when phase1 is financed

Looks like relisting soon , also the accounts should keep the Trolls shut up now the accounts have been posted ,GLA

Thank god for Brexit , get some more Jobs since Brexit , also great news the Govt DOES NOT need the MP`s to vote on Brexit TM can do it without their vote , some on this BB said they need MP`s vote to start article 50 , well they dont .
http://www.dailymail.co.uk/money/index.html Lot of jobs need to be filled , House building booming now , forget that Teleghraph post banks will keep rising if all this good news keeps filtering through
Danny / 5 posts for your Telegraph post what you on .