The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
ffc / A good starting point is a few banks were willing to put the funds up on stage 2 , of course with the govt guaranteeing the loans , but since that happened there was only the start of the mine , the shaft hadn`t been started then let alone the start of the tunnel , take or pay agreements were about 5 million tons , crop trails were still taking place , the harbour wasn`t even in place or the processing areas , since then a massive amount of work has been started some finished and some in the process at record speed , take or pay agreement now around 13 million tons and growing , the list goes on , so why shouldn`t ii`s buy in , well the banks should be even more willing to fund this with the govt guaranteeing the loans , ( not a bale out to make that clear ) ,
It seems maybe we have a hit the bottom and the SP is now starting to stabilise.
I have seen people mention that after bad news there is always 3-4 days of red days.
We have now come out of there other side imo and an upwards trend looks more likely.
GLA
Is it time to average down?
Answers on a postcard....
Please remember guys a lot of IIs bought in recently. They obviously didn’t think getting the funds would be this difficult either !!!!!! Not saying they never get it wrong but they obviously they also had faith in CF and the BOD ?????
AVO , That all depends on who and how much a partner puts in , a big chunk of the mine has been built , all on target , a new partner may have the funds to bring maximum production much faster than SXX can , there are still a lot of avenues for loans , the Chinese could come up with loans , money doesn`t just have to come from the UK , China and America are buying millions of tons off SXX , but it does not mean SXX shareholders get stuffed even if the SP is very low ,
Avo
But what is the maximum dilution at which we (PI’s) still profit. You’ll find, given our market cap is£300m and SP 4p we can still survive with a huge dilution. I think that is what the folk who were quick to sell maybe don’t get. The base level from which we (me ) profit is much lower (4p!).
Unfortunately, the new wave of 4p investors are going to benefit from the mine being built, LTHs will not obviously fair as well.
He is definitely going to get the mine built alright, and that's great for him. For us on the other hand it looks like we wont have much part of it.
A strategic partner will demand the lion share of the project, thats us pretty much out of the picture.
I stopped reading the bb when the numpties came on after last weeks RNS about the bonds ,the bonds wouldn`t have worked at the current time the company let us know , the company hasn`t stopped the tunnel building they have slowed down other parts which aren`t so important just yet , remember 10 million tons plus order book , 25,000 ton builder bags to get an idea of the size per day being sold everyday , that growing to 50,000 builder bags per day everyday , they will get the funding but not by bonds , lot of the numpties haven`t a clue what is involved with the SXX operations . CF is not a fool and he wants this mine built same as all shareholders even the very big shareholders like Gina R.
Calamari, why not just go the whole hog and make them relatable because they're both headed by human beings.
caamari , but Thomas Cook wouldn`t be able to pay it back , SXX different by a long shot , SXX will get their funding even by a partner
The one upside of the TC situation is that it makes building my filer list much simpler when the trolls & 'doom-mongers' equate the two companies in their posts :0)
Thomas Cook keep getting brought up on the SXX bb because both need money , Thomas Cook has been going a long time and now cant make enough to run the company , SXX has a full order book and on production will make millions for many years , it wants a guarantee from the Govt for the loans from the banks not a bale out like Thomas Cook , I have read the tunnel is scary 23 miles , yes but the company is doing double the speed than first thought it would do .