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Trying to find out where the meeting is is not easy! I can’t remember - where is it again
I know, Chris
Why didn't they choose an easy to get to venue Like say the Ascension islands ??????
Yorkshirebred, you're an absolute genius.
I’ll ask if anyone knows anywhere
I have just contacted The HAC toe see if there might be a meeting place on site ( meeting starts at 11,,, pubs open 11-1130)
Sadly they don't but interestingly it's important to register attending as the entrance (guard house?) will have a list of those attending !
Given the meeting is at 11 so probably a coffee shop ? nearby maybe between tube and the HAC seems sensible ..
Did look at lantana Shoreditch but not sure if that's only for eating ?
Anyway if anyone has any ideas nearer the time ?
for purely selfish reasons (Still on crutches) it would be good if it was between Old street tube and the HAC
ffc
The Times, and now KOH failed to mention the £19 000 000 the BOD are receiving.
___
And NO to the £19 000 000 the BOD are receiving!
Vote NO.
KOH
The Times, and now KOH failed to mention the £19 000 000 the BOD are receiving.
Fraser & The Board completely discredited themselves a long time ago. I don't believe a single word they say. I don't believe a single word Fraser says. I don't believe their intentions and integirty. That's a definite NO from me. No to scare tactics, no to selective approach, no to humongous salaries paid to the Board and CEO who failed to deliver and destroyed the value of the company, no to them keeping positions and a huge payout. No to predatory takeover for next to nothing promoted by those people.
Vote NO.
KOH
Well said longtermview What a guy. The same guy who was pretty confidant stage 2 funding was in the bag.
That only started in 2019 , what year did AAl start showing an interest in SSX ?
Gert, you left off the bit about him adding, "as always I recommend that you please please do take independent financial advice before taking part in the placing. Please don't let my reassuring bullish words and slick glossy presentations bedazzle you. You must, as I've said all along, take independent professional advice before parting with a penny."
Oh, that's right, he didn't start that malarkey until well after the fact when it all started to go pear shape. Thanks for the hindsight note of caution Fraser, much appreciated. I hope you managed to get a good share option package and travel allowance to pop back and forth to the motherland with your AAL contract, while the locals and others pick up the pieces of their lives. What a guy.
When the BoD get a whopping 19M bonus from AA for recommending the deal and an ongoing handsome salary why would you believe them?
Chris Fraser, managing director and chief executive of Sirius Minerals, said:
“Today we are pleased to announce that, as a result of that work, we are launching a comprehensive markets-led solution for our funding requirements which will enable Sirius Minerals to complete the development of its mine and unlock what we believe to be the world’s largest known high-grade polyhalite deposit.
“The funding package will bring together equity, convertible bonds, high yield debt, and a $2.5bn revolving credit facility in a multi-stage, flexible structure that balances the availability of capital with the needs of the project.
“Today’s announcement provides a clear pathway to a fully financed project in the months ahead, while enabling us to progress construction at full speed.”
Gertfrobe - yes!! -
You know this whole thing is looking more and more like a crooked
time share scam - with Fraser now saying - ok YOUR time is up -
- now be a good boy and Bugger off!!
QIA won't in my opinion step in. They would have been approached as a potential anchor investor for the consortium deal and it's clear that they weren't interested in a play here.
------
Ausinvestor your statement above is simply not true. Read the article in the Evening Standard about what QIA offered and why that offer was not followed through.
It is simply not true to state that there are only two outcomes - AAL offer or administration. The fact is nobody knows how the institutional shareholders and bondholders will react if there is a NO vote and they risk losing substantial sums, very substantial in the case of the bondholders.
The bondholders are saved by the AAL deal. But no deal means they're exposed and there is a likelihood they will react.
Yes it's high risk and everyone should be aware of the downside but it's simply not true to state with any degree of certainty or fact what will happen in the event of a no vote. There is still a lot at stake and a lot to play for.
AusInvestor - I guess that means you are Australian. Would by chance your real name be Chris Fraser?
Yellow are you talking about this one by any chance?
Sirius has already been pre-approved for IPA backing. 'The IPA is the last piece of the jigsaw puzzle,' says Fraser.
Chilting, good to see some rational thinking.
This constant bombardment from a handful of voters trying to convince others to vote NO has just gone way too far. They're clutching at straws with far fetched possibilities on QIA or others saving us all, but it's now very quickly becoming clear that this offer looks to be it.
I have always been optimistic about this opportunity and have been very surprised that other parties aren't interested in picking up this project, but I'm now accepting the reality. I don't for a moment think the management had a sinister plan all along to shaft all the investors. They've put years of their life into this project and they're losing more than many on here can comprehend. They simply failed to raise the large amount of money required and that's it.
I suspect a number of the posters on here trying to encourage others to vote NO have either already sold or reduced to an insignificant amount, but are on here pushing this just to lay the booth into CF.
QIA won't in my opinion step in. They would have been approached as a potential anchor investor for the consortium deal and it's clear that they weren't interested in a play here.
When the BoD of any company warn that the company will most likely go into Administration, you wanna pay serious attention to that kind of announcement.
So Mr Fraser you want us to destroy our lives so that you
can get off the hook - - nooooow way!
Come on Mr Fraser - bring on that government guarantee
you went on and on about!!!!
Guys
I'm angry about this too but please make your vote for sensible reasons ! I'm voting NO because I want to see the funding requirements met so we stay invested here , If a by product of that means the bod have to be accountable then so be it !
Don't let the press pick up on just the anger here as I don't feel that will win us more support ?
Regards
ffc
I posted this previously and will say it again, irrespective of what happens PIs will always lose more than CF.
He will just find another position which pays seven figures, that’s the way it works, (rightly or wrongly).
Yes he missed out on a big pay cheque but he will have raked it in till now and will continue to do so. No skin off his nose versus PIs who have no savings or drastically reduced pensions. I doubt he will find himself in a situation where his lifestyle is impacted in any way.
Yes, a big slap on the wrists for him but not much more than that.
OK - you must all make your own decisions - I will sign off now.
Good luck
Peter
Chilting yes there is a risk of losing the rest, but what’s left has been decimated. But the question is, do the big boys, particularly the bond holders, want to lose the lot - and they have a lot more to lose than the average PI.
A NO vote is a risk worth taking to recover my investment rather than 5.5p that crystallizes my loss
Getting 25% for the NO vote will be tricky, but getting 50% of the shareholder vote might be doable if enough individual shareholders turn up with representation rights. Everyone who can, should attend the meeting personally so we can be heard by the court. They will listen to the views of shareholders.
Not if there is a no vote