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Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Sirius Minerals Share Chat (SXX)



Share Price: 13.20Bid: 13.14Ask: 13.24Change: -0.48 (-3.51%)Faller - Sirius Minerals
Spread: 0.10Spread as %: 0.76%Open: 13.88High: 13.95Low: 12.98Yesterday’s Close: 13.68


Share Discussion for Sirius Minerals


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Poppop
Posts: 471
Opinion:No Opinion
Price:13.22
Tea leaves
Today 15:51
An md with a mining background would have never touched this project without proper funding in place.Widen the tunnel at this stage???,only an investment banker type with their cavalier attitude to spending money (other peoples) excuse the brackets chess and taking risks(again with other peoples cash) would attempt it knowing whatever the outcome he will have made sure he is ok having been well paid for his time.Would every one have invested if Farage was md and they both come from investor banker background.
 
Hargreaves Lansdown
sxx4me
Posts: 361
Opinion:No Opinion
Price:13.22
Query on bond conversion price
Today 15:50
I've forgotten what we decided as a collective board on this. IN May 2020 the bond conversion price will be adjusted from 24 US cents to 19 US cents if the reference price remains low. Of course all these RNS's are filled with legalese and terms not explained properly. But does that mean that the bond conversation price will be lowered to 15p if the SP remains that low for another year. That could mean the bondholders play with the SP for another year, in order to hold the SP below 15p. Alternatively, presuming all the new bonds are sold in September, we could find a decent uplift such that they can't really hold the price down that low.
VincentVega
Posts: 1,399
Opinion:No Opinion
Price:13.29
RE: SXX
Today 15:42
Does that mean that you are predicting 5p?
If so, what’s your timescale?

secrets
skier1
Posts: 3,606
Opinion:No Opinion
Price:13.30
RE: SXX
Today 15:26
As I predicted last year (see thread for proof), SXX has finally hit the 10-15p range !!!

Charts suggest this is now headed for the 5-10p range.
realist111
Posts: 41
Opinion:No Opinion
Price:13.30
RE: taken a position
Today 15:25
if you liked them at 13 your going to get married at 10
earthling
Posts: 11,718
Opinion:No Opinion
Price:13.30
taken a position
Today 15:24
this morning, was waiting for a good entry, didn't think I'd get some in the 13's.

Going to hold long on this one.
bonker99
Posts: 45,191
Premium Chat Member
Opinion:No Opinion
Price:13.30
RE: The tea leaves are looking bad...
Today 15:22
:)
Gold1234
Posts: 16
Premium Chat Member
Opinion:No Opinion
Price:13.28
RE: The tea leaves are looking bad...
Today 15:20
Obviously, we'll never be able to find out, but I'd love to know how much of the last placement was taken by institutions that were just looking to close their short positions. Perhaps this apparent next move down is being driven by those insto's re-initiating their shorts ? Who knows ?
debtnmarrijslave
Posts: 71
Opinion:No Opinion
Price:13.28
RE: Bits of paper
Today 15:19
Gold, last reply I'll make on the subject - you're aware of the massive contingency built into the funding aren't you?
Appychap
Posts: 176
Opinion:Strong Buy
Price:13.39
RE: The tea leaves are looking bad...
Today 15:18
I like when people like gold turn up. Usually ends up jumping in the opposite direction than they predict. Cheers mate
Gold1234
Posts: 16
Premium Chat Member
Opinion:No Opinion
Price:13.28
RE: The tea leaves are looking bad...
Today 15:17
You tell me how many shares will be on issue when its producing first product and I'll tell you whether I'll fill my boots.
Gold1234
Posts: 16
Premium Chat Member
Opinion:No Opinion
Price:13.32
RE: The tea leaves are looking bad...
Today 15:16
When talking about tracking an index, you can't bring in 'one-off' sells as an exception...its either tracked it or it hasn't. So, it hasn't tracked it. Don't fall in love with these things...CF is an investment banker trying to be a miner. Is there a worse combination ?
Bellers
Posts: 487
Opinion:No Opinion
Price:13.40
RE: Bits of paper
Today 15:15
Gold 1234, it appears we are tunnelling 6 months ahead of schedule.... not a bad cushion of time in anyones book.
Doubleheadedcoin
Posts: 8,967
Opinion:No Opinion
Price:13.34
Where It Stops
Today 15:14
Nobody knows

At this rate it will be 10p next Tuesday.

Somebody either knows what they are doing or knows something.

Rogues.

Imo
DGR1980
Posts: 7,353
Opinion:No Opinion
Price:13.34
RE: Bits of paper
Today 15:13
How lucky we are to have so many people with a handful of posts popping up to tell us what we're doing wrong.

Its not patronising at all is it, that they feel we need to be protected from ourselves
Gold1234
Posts: 16
Premium Chat Member
Opinion:No Opinion
Price:13.35
Bits of paper
Today 15:11
As a long term investor in mining and resource stocks, the biggest mistake people make is falling in love with a project. You may see something as the best project in the World, but the ultimate question should always be how many bits of paper will be on issue by the time the project gets into production ? Sirius may appear to be the best thing since sliced bread, but already, I guarantee the long term holders would already be disappointed by how many shares are now on issue. Dilution is value killer. In my opinion, there are likely to be more delays and cost over-runs on this project and anyone trying to predict how many shares will be on issue at first production is just guessing.
gdshaw
Posts: 34
Opinion:No Opinion
Price:13.41
RE: Suggestion
Today 15:06
Beerbull, the offtake agreements look a lot better than allright. The original target was in the region of 7MT, and we're not far off double that now. This really is yesterday's scare story in terms of selling enough to make the mine viable, and it looks increasingly likely that output will be heading straight to 13MT rather than pausing at 10MT.

I can believe it might take years for sales to reach 20MT (if they ever do), but that's just as well because it will be years before the mine can produce that much.
debtnmarrijslave
Posts: 71
Opinion:No Opinion
Price:13.41
RE: The tea leaves are looking bad...
Today 15:05
*one-off ST2-related sells in Sept 2018 and Apr/May 2019, sorry.
Jimmybob
Posts: 696
Opinion:No Opinion
Price:13.39
RE: The tea leaves are looking bad...
Today 15:04
Your tea leave are wrong spin the cup round and look again. Fear and greed buy when others are fearful. Time to fill you boots! JB
debtnmarrijslave
Posts: 71
Opinion:No Opinion
Price:13.39
RE: The tea leaves are looking bad...
Today 15:04
For the last year, except for one-off sells in Sept and April, it has tracked parallel to the AIM all share (AXX).

What technicals say it's going to halve? I don't see the AIM halving so you must be talking about something absolutely huge which nobody is aware of (other than the bonds not being sold, which I think is generally seen as very unlinkely).
Gold1234
Posts: 16
Premium Chat Member
Opinion:No Opinion
Price:13.39
The tea leaves are looking bad...
Today 14:59
Long term technicals suggest SXX heading to 6.5p. Ouch.
Myosotis
Posts: 11,370
Opinion:No Opinion
Price:13.42
RE: the long game
Today 14:56
bonker....even before QUOD 2 comes out, I'm guessing you and others may not be familiar with QUOD1.....worth a look.....

https://siriusminerals.com/downloads/economic-impact-2018-quod-report/
JimboD
Posts: 292
Opinion:No Opinion
Price:13.44
RE: the long game
Today 14:56
by Chilterns I meant Ridgeway. We did the North Wessex Downs comfortably and trouble began once reaching Goring.
JimboD
Posts: 292
Opinion:No Opinion
Price:13.40
RE: the long game
Today 14:55
I've walked up Roseberry Topping many many times in my youth as I grew up at the foot of it. I've also walked from there up Roseberry and across to Lockwood Beck before (and even to Whitby twice), once you get out onto the moors it can be pretty bleak but beautiful regardless. I do miss the walks up north. The closest I've come to it here is I did about 50% of the Chilterns in 2.5 days, before my mate knackered his knee. I still want to do the cotswolds way, but it all seems so tame compared to stuff like the C2C or penine way!




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