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At these prices, does anyone think this is worth 5k
It wasn’t that straightforward but I’m not great on my iPhone! Still think if we have to get to plan B there might be something in it - I just felt my MP down South was already aware and quite supportive and he’s a big Brexit MP (as I pointed out to him)!
Well done Fred why couldn't I do that ???
Monitoring the situation ??/ yes I read that but thought I wouldn't hold my breath !!!! shouldn't it be Greg Clarke the Business secretary that we are pushing ????
Chris seems to be looking a bit gaunt, thinner recently, (in a few photographs) no wonder with the pressure he's been under
Tried to copy and paste this - not sure if this will work as a more direct link or not but it does say that Boris and Sajid David are monitoring the situation Sirius are currently in
https://pressreader.com/@nickname13015663/csb_iNBfNi3Cx0vbz1ozp_AZW9wj7453CTA4MpASOd-rhbhTxp_KBnBIibvZWg8tY1-t
https://www.google.com/search?ei=sDNiXeT4AaL1xgPZ5J64BA&q=sirius+minerals+mail+on+sunday+25+august+2019&oq=sirius+minerals+mail+on+sunday+25+au&gs_l=psy-ab.1.2.33i160l3.27620.36569..39253...0.0..0.261.817.2j3j1......0....1..gws-wiz.......0i22i30j33i21.AhLcgdBHqTY
Couldn't provide a link but hopefully if you click on the Scottish sunday mail you'll get it
Thoughtful post Bjorn, sure does beat things like "where's the share price going to be in" x hours...
It's been encouraging to see no major share holders selling down... (I believe)
Gla
Why would you assume that Strabag, JPM, ADM, Gina et al would ONLY buy bonds IF they had a dilutive sweetener attached? The first three lose out massively, as do our high level investors IF the bonds aren't sold. So as I said, it's absolutely in their interest to buy them, no strings attached.
Verde “I’m told” experience should never come cheap and the demand is out there ?????
ffc
not sure how many extra shares I could get by renting myself out........
lol
Verde
B T W I think we all have probably explored the options but those that you mention would almost certainly come with more dilution and I think most would agree that we've had just a little too much of that already ?????
For me it's the Bonds and as a last resort back to the GOV and IPA
Regards
ffc
Jr I'm with Stanley and Fred regarding Credit Cards !!!!!!
sell your motor and buy a bike or rent yourself out (gigalo ?) doing something industrious and rewarding ?????
There seems to be a lot of black and white thinking on this board. All or nothing.
There were clearly not enough takers for the bonds to go in the 'first attempt'. The seniors apparently were on holiday so it was most likely the lower rung managers on duty for the roadshow presentations and given the turmoil that week, just many weren't prepared to stick their necks out. More experienced heads will look calmly and rationally at the bonds, based not on the tantrums of a Potus but on the long term fundamentals, hopefully in the first week back from holidays. However, IMO there would have been plenty of organisations that would have been happy to buy, just clearly not enough of them.
So even if there is a shortfall in takers, there's a lot of organisations with heavily vested interests that surely would be prepared to stick their hands in their pockets.
JPM is the most obvious. I'm not one for believing that if they don't get the bonds away, it will harm their reputation. But their professionalism, the amount of work already done plus the fact that it was their idea in the first place will mean they will try to shift these, at all costs. Talking of costs, from memory, they would be getting over $100m (correct me if wrong) in fees for this whole part of the project. Can anyone really believe they would risk losing huge fees for the sake of potentially the same amount. Buy $100 million bonds, collect full fees, sell $100 million of bonds.
Strabag have a vast amount of resources, time, manpower and money committed to this project. Again, it's absolutely in their best interests to see SXX fully funded for the build. Where do they deploy the workforce? Projected profits drop significantly, as does cashflow. Again, buy bonds and then sell them on the open market, given the fact that there would be more interest in said bonds on a fully funded project.
ADM has a whole marketing plan based on Poly4. They have a very healthy balance sheet. For reasons above, surely there's a very good chance of them buying some too.
Gina - would getting the assets be a huge boon or a massive headache? She'd still have to get it built and then find a seller. Or operate it herself. But will the contracts with Sirius be binding for her? Surely it's much easier money just to keep things as they are and enjoy profits for absolutely no further time, resources or effort.
So, again IMO, there's so many other players out there who would have a win win by buying bonds. And that's not even including hi worth investors who have massive amounts of shares bought at much higher prices, who would stand to lose it all but not spending a bit more.