Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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I mentioned Sirious some months ago, but no one picked up on it. I had bought in around 35.00 and the SP started falling. Anglo American came along and in a takeover paid 5.00. I believe the MD and other directors maintained their positions although I might be wrong. I am worried bout deja vue.
Tilly2015
Sirious couldn't get the financing that they needed ...they had no alternative in the end but to sell out to
Infrastrata have no issues should they need finance ..especially once more revenues start to become income
Tilly2015 In relation to your 10.05 I was invested in Sirius but sold out when they had problems with the stage 2 finance. Personally I think the BoD made the raising of the finance more complicated than it needed to be. They probably could have raised a fair chunk of the finance needed by issuing shares as part of the move to the main market. The other issue Sirius had which does not apply here is that Sirius did not have any income.
With INFA they should have sufficient funds to keep them solvent until more substantial contracts come in. Monthly payments on the Saipem contract start from August these payments plus the ship repair contract work should cover the overheads.
Pokerchips,
I will try again.
Would you kindly expand on your comment: "Infrastrata have no issues should they need finance"?
BlairPeach In relation to your 13.09 post I am not sure what Pokerchips reasoning was for his 10.37 post. I would, however, point you to my post of 11.04 which points to some differences between the situation that Sirius was in and the current position of INFA. Also I observe that the last two placings raised over £9m which would seem to show that the market is happy to back the BoD. There is at present no indication that INFA would be unable to raise necessary finance.
BlairPeach
You clearly have a very negative view at present , no doubt as a result of sitting on a paper loss at present ...but..if you want to engage with posters ..please don't post in that manner again...it will get you NO WHERE .. if you are so negative why on earth don't you sell your shares and look to make your financial recovery elsewhere, in what is a rising market at present in a number of areas ?
My point being that Sirius had very difficult problems trying to obtain further finance ...Infra has however on previous occasions been able to obtain loans held against assets ( not cheap,admittedly) ...and convertible to shares should the loan default ..the BOD also mentioned that their next preference was to obtain a loan rather than further share dilution
I very much believe that further contracts will come from Saipem , in the near future....given the investment going on there ..which will also assist in the financial credibility ...
"We are delighted to have entered into this contract with Saipem and I believe that this contract paves the way for the execution and delivery of future fabrication contracts, a significant number of which are currently in advanced negotiations. "
You are also talking about MUCH BIGGER finance needed at Sirius than any loan required at Infra ...they were looking at a £400 million junk bond, and £230m needed to keep thing going.....and a spending need to get the mine up and running ...in the billions of Dollars !
Here , we are talking about loans on a much,much smaller scale and not all needed at once....a loan may even be backed against further revenue from a project contract etc
A very different ball game
I think your missing the point that I think Tilly was making.
It had nothing to with Infa's capability, or Sirius's for that matter, of raising or not raising funds.
If there was a low ball offer, would JW keep his job with a new owner.
Hypothetically speaking, that is.
Si_Derman In relation to your 18.43 post You are right about Tilly's point but you have to remember that JW has a personal connection with H&W so is unlikely to accept a takeover offer at anything less than what he determines is fair value even if he was offered a place on the board.
Aware of the link with JW, H&W and the SS Canberra, Stokey.
I wasn't suggesting this to be on the cards, in the slightest. Just that everyone had gone off at a tangent to Tilly's post.
That was all. :)
But, as regards your point about such a hypothetical offer. What JW (or the BoD) sees as fair value could be way different to anything shareholders do. Been shafted with other stocks in the past when similar situations have arisen.
To the shock of LTH's at the time.
Anyhoo, don't personally see such a thing happening. bwtfdik, hey. ;)
Pokerchips,
Clearly, I am a masochist (so I am in clover today!).
I have been hoping that the granting of the marine licence (which looks less and less likely with each passing day) would give a bump to the share price, enabling me to get out at evens. With the way that things are "progressing", even the ML will see me way down.
A bigger white elephant, or rather small herd of white elephants, I have never seen. Still something left in the tank for Christmas bonuses though!
Calling the inflexion point, missed the sweet spot myself but that's investing. It is imo now the case that we would be very unlucky if no substantial contract wins are announced over the next 2-3 months given the recent RNS and 'mood music' in the non released presentation...added substantial qty today.
Uncertainty though still exists!
77969 buy not printed yet...dark pool?
Nigel,
77969 buy showing at 10.30?
Specsavers job (again) apologies.