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IBAB, seek and you shall find
"Can't imagine that an investor is going to make a decision this side of an election, and if it's hung (which looks likely) perhaps much later than that."
"Can't" what Is this, makes no sense, believe you mean cannot!
I can imagine a decision at any point, I can even imagine the original stage 2 finance plan was successful and imagine the share price is no 20p not 3.5p. However, we should leave imagination to those in the Arts and crafts realms of life where it works.
Now I have responded in kind with the useless semantics, let take a real world view of your claims.
Brexit bad for investments in the UK, hung parliament bad for investments in the UK. 2 most likely outcomes of this GE. However, unlike IBAB investor have a clue how markets work and they would generally protect large investments with the various tools available to them. Poly4 is priced in dollars, a negative UK market sentiment increases the value. A $600 investment now cements the $1.3b already spent and almost guarantee's the mine will be built and further funding likely possible through bank funding or low coupon bonds. So the GE impact on the UK market is fairly irrelevant for investment here and can be easily offset by the many hedging tools available to anyone with a small amount of knowledge, which I am sure anyone considering a $600m investment will have in spades.
All the more reason to use your time productively - tempus fugit!
Anyhow, roll on Spring in Witham!
Illbetabuck.
You claim you are old enough to retire.and you spend that precious time working for a shorting company trying to persuade folk that a share isn't work been invested in,so the said company can make a few bob out of them.
Not only is that verysad but very sick too.
You must be very lonely
Bucky boy.
Put the rest of it out....
The Company has therefore today announced that the scope of construction activities on the project will now be adjusted while the Company undertakes a strategic review of its options.
The Board considers that a reduced pace of development focused on key areas of the project that will ultimately serve to preserve the most value for the project will provide the Company with a period of up to six months to review all available options for the Company to move forward. The Group will need to secure additional external financing in order to allow it to continue operations after 31 March 2020.
So it was a company decision not one of Jp morgan saying they couldn't the company pulled the offer due to market conditions. Once they change who is to say they wont go back to the market with a need for a reduced amount .... ? Yes the shareprice is down currently, but it can soon shoot up again.
If when they went back to the market they would be going back for less.
https://www.proactiveinvestors.co.uk/companies/news/908269/sirius-minerals-could--get-by--with-400mln-fundraising-says-broker-908269.html
admittedly the above is from the inhouse tame broker but the amounts required are reducing and the tunnel is getting longer ..........
CF used an overvalued share to raise money via rights at 15p . the market has closed off this route to SXX by putting a sub 4p price on the shares .as IBAB suggests CF has few options now .
Here we go it looks like bucky has had to call in the Cavalry !!!!
another idiot joins the ranks
lol...
ffcmember,
I've been looking at his CV, his first interview for a job was for a SCAMMER and his username was billynomates didn't last long though, here today gone tomorrow.
and his second attempt failed because he wasn't allowed billybullXXXX
Care to explain why JPM pulled the plug then, SXX suggested Brexit and current market conditions caused the failure?
JPM were never going to invest in SXX directly as part stage 2 suggest you DYOR on that bit of history which is no longer relevant here. We are also not going back to the Bond market here so not sure what relevance the bond mark has at present but it was the US bond mark that was impacted by Trump and the Brexit impact was on the government guarentee (brexit was just a more important factor to the government of the day so not a direct impact on SXX) which is also not an issues here so please try to stay relevant and up to date.
It will put a damper on raising finance, given finance is likely to come from a foreign country.
Suggest you DYOR here as to way that will not be a problem for a commodity priced in $. But for passive reader this is rubbish like most things signed IBAB.
"Perhaps, but who will own it?"
Who will own what?
"Still doesn't explain why the original finance option failed. I can only assume that any new deal will be much worse than the last one, and it will end up giving over a lot of equity."
Again with the irrelevant history, classic basher, yesterday news repeated over and over and over. Lessons have been learned and SXX ARE NOT attempting a rerun of that so where is the relevance.
You're commitment is amazing IBAB, and the level of detail and research into previous postings is impressive.
My question would be why don't you put all this time and energy into a more fulfilling endeavour?
Brokering a funding deal for SXX? Gardening? Pottery?
Whatever you fancy...
Could you not see the jest in those posts (direct responses to the equally ridiculous bashing we get from yourself and others of a similar disposition. Ah well as forest says Stupid is as stupid does!
"I prefer....
“My Mama always said you've got to put the past behind you before you can move on.” – Forrest."
We may have a break through!! Take this to heart and stop with the re-repeating of old news! :-)