Login:
Share:
Email Facebook Twitter

SXX Share Chat - RSS Feed

Sirius Minerals Share Chat (SXX)



Share Price: 9.54Bid: 9.40Ask: 9.53Change: 0.04 (+0.42%)Riser - Sirius Minerals
Spread: 0.13Spread as %: 1.38%Open: 9.50High: 9.69Low: 9.40Yesterday’s Close: 9.50


Share Discussion for Sirius Minerals (SXX)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


Barrelguts
Posts: 144
Answer
Opinion:No Opinion
Price:13.75
View Thread (2)
sharesman1
25 Jan '14
Means nothing without planning permission.
 
BLUEBOTTLE
Posts: 3,227
Off Topic
Opinion:No Opinion
Price:13.75
View Thread (2)
SXX
25 Jan '14
http://www.contracts-for-difference.com/Borrowing-lending-shares.html

I have set a high limit sell on all my shares. I am hoping that this will help bring stability to the share prices on AIMs companies. If all INVESTORS did it then it could improve things. Nothing lost, hopefully stability gained. Who knows? ATVB BB
GaiasKidney
Posts: 565
Off Topic
Opinion:No Opinion
Price:13.75
Ttq
24 Jan '14
Customer commitments.

The co are trying to achieve 2 things:

To show to the NPA with regard to the Major Development Test that: "the need for the development, including in terms of any national considerations, and the impact of permitting it, or refusing it, upon the local economy" are demonstrated from the volume and seriousness of customer interest.

This same level of deals with customers is also hopefully providing enough for the financiers of the mine build to become convinced the project is worthy enough so they feel able to lend the ~$2bn Capex.

At present with no mine built, it appears no customer will agree a binding deal beyond the recent 'Take and Pay' IMO. But with luck some of the other customers will also 'upgrade' their interest to this level.

A higher level of commitment could come from a customer also buying a chunk of the co, this would also provide the co with working capital - but I'm thinking the co does not want this at this pre PP stage.

So for immediate cash they are resorting to 'scrounging' - much to their humiliation and our irritation :-//

GK.
mcvtrader
Posts: 176
Off Topic
Opinion:No Opinion
Price:13.75
5000,000 buy
24 Jan '14
2 off 500,000 buy just gone through ...
VincentVega
Posts: 995
Off Topic
Opinion:No Opinion
Price:13.75
View Thread (2)
RE: Real sales or Speculative?
24 Jan '14
It's difficult to comment completely accurately without seeing the contracts, but on the face of it we only have 2 contracts totalling 1.5m. Of these 2, the pay or pay contract is also said to be notoriously difficult to enforce legally, but like I said, without sight of the detail, it's difficult.

The rest are MOUs, LIs and Framework Sales Agreements.

So no, we don't have guaranteed sales of 4.8mtpa.
VincentVega
Posts: 995
Off Topic
Opinion:No Opinion
Price:14.00
View Thread (2)
RE: Lol
24 Jan '14
It's more like 45-50m shares at todays prices, given his discount on the VWAP.

This big US Company that you refer to is not investing, he's converting shares and selling them at a healthy profit. That's been his MO and will continue to be so.

Google Convertible Security Finance and read the effect that this has on a Company's shares.
Tryingtoquit
Posts: 36
Off Topic
Opinion:No Opinion
Price:14.00
View Thread (2)
Real sales or Speculative?
24 Jan '14
Hi
I have heard varying versions of these 'letter of intent' sales for the 4.8M of Poly. What's the truth?
Are they guaranteed sales as I have heard, or just an agreement that people might buy, and it may be at so and so price, if SM can get the stuff out of the ground.
Or is it somewhere between the two versions?
Any knowledgeable help appreciated, not people just saying what they want to believe.
Thanks
Carondean
Posts: 232
Off Topic
Opinion:No Opinion
Price:14.00
View Thread (18)
RE: Another 5.5million quids worth!
24 Jan '14
It is clear to me now that they are and have been for a while in a very desperate position when it comes to funding.
///////////
The pennies dropped at last!

Cheers.
Investor123456
Posts: 53
Off Topic
Opinion:No Opinion
Price:14.25
View Thread (2)
Lol
24 Jan '14
I can see from this board why so many private investors make mistakes, what has changed in the last few days, even if there's more conversions u might be talking an extra 10 million odd shares, it won't make any difference, do u really think a big USA company would invest if this company was as Mickey Mouse as some people suggest on these boards, people have their own views but think it's silly posting price predictions, it's easy to say it will go lower, the company also will want a higher share price, the market clearly thinks it's got potential seen these aim shares before if it was Mickey Mouse would have been 1p or lower, it's a big bet on getting planning but investors always knew that,
TheProphet
Posts: 211
Off Topic
Opinion:No Opinion
Price:14.25
View Thread (18)
RE: Another 5.5million quids worth!
24 Jan '14
Afternoon GK
As much as I tend to have a slightly negative attitude towards this company and its leaders, I thought they may of actually done something to stop this poor finance package and help loyal shareholders. But alas I was misguided again.
It is clear to me now that they are and have been for a while in a very desperate position when it comes to funding
The price today is not the issue for me, it is the New york selling that will drop this not the p.i's so I do not read anything into todays actions.

I bid you farewell for now.

GL yourself



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.