Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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.
Although not a shareholder here I follow the news here very closely.
IMO the deal stinks something rotten. The treatment of the shareholders here is awful.
Another option is why can’t the work continue with workers being paid in shares thereby getting more in the medium tern through the increase in the sp dividends etc. Of course shares won’t pay their bills at first but then at least future funding needs will be much lower. It seems that AAL want their bread buttered on both sides so to speak. They are basically getting a multi billion pound profitable business for a very low price. I sincerely hope some other company can see the great potential here. Maybe the government will guarantee the loan. They would earn a tidy sum out of it whilst the tens of thousands of private investors would recoup their money back albeit in a few years. Anything’s possible.
Strabag have allready been paid in full, until they reach lockwood. That says it all how shxt a deal is on the table ere.
Shaft. : Shafted
Strabag have already been paid in full up until they reach Lockwood Beck so this will not be 'burning money'
All buy a few more sxx ,,just to vote no,,we have all been shafted from at least 8 months ago.
The sp was dragged down screaming,it was pure deliberate,
Now we know why.
Remember all the crop trials,,?
Remember all the torps??
Rememember all the brokers buy,,buy buy,
Im not a bitter invester,but i hate being conned,,and like a level playing field,
Oh and calamarie and co,shut up before you start.
SM please stop almost all spending now (except those used for pursuing funding options)! Shareholders want options to stay invested in the project.
If they stop all spending on construction and start unpaid leave for most of their staff member who are not working on funding options, the money left so far could last much longer for them to work out an alternative solution.
Otherwise, if all the money would run out by the end of March, there might not be enough time to complete the fundraising in alternative path; they have already made such excuses in last December, rather than trying to identifying flexible ways to address the time/remaining-funding problem.
Why the end of March? Why continue construction in driving 1 at this live or death stage.
If they take further actions as they at the beginning of the strategy review (to down tool and save money on staffing), the project can last much longer.
Your question do I regret being out ? I regret being out of what I thought I had invested in a properly run company who had shareholders interest at heart .
But not one that has run rough shod over PI,s who were taken in by fabrications .
When the special offer 15p was offered straight after the offer closed the sp started to drop !! Not once did what a BOD should do is come out with something positive ie how the shaft was progressing , we are on target etc no they just let it drop and drop all the way to 3p !!! I held 1 million at average of 13.5p and so I am well in the hole but no one held a gun to my head and I have never complains when winning do this is the other side of the coin !! But I do complain at what I see as being conned into supporting this project along with everyone else and then seeing the £1.5 billion we have invested being sold off for £385 million !!
I am out and happy to be so my cash is now invested in Dignity who I made a considerable some on the last time I invested in this dying business .
Best of luck to all who are still invested
Wouldn't it be funny if
The vote is turn down by investors
Company goes into liquidation
All the shares brought by AAL to vote themselves in are now worthless.
That pr!ck CF and the BoD now jobless and their shares and high paid jobs gone.
Just an interesting thought.
Hi Calamari. I know that is not true and so do you. ATB Speedy
illbetabuck: 1) … 2) … Or.......... Do not assume that they are expecting the price to rise. It could be as simple as holding onto corporate bonds and using votes they hold to secure the gains made on those bonds since the AAL offer was made.
Some of the IIs that hold their CBs might be in this category.
However, Polygon, now the largest SM shareholder, does not hold onto their CB, and they sold all their 5m CB; so they seem to be determined to pursue alternative options.
If there is no other options/offers/proposal, almost all big IIs should vote for the only available AAL offer.
However, if any alternative proposal appears, AAL would either give up or revised their offer into a partial ownership one (i.e., as a largest owner and strategy partner).
Fastjet…..think this is a done deal mate. 5.5p and that's it. Had some in AMER and hoped a counter bid would come, but never did. Anyway a profit is a profit. atb
If we were to hold our nerve and reject the £0.055p, then I am sure AA would comeback and look to offer a better price, particularly if they have been buying up shares, as they would also lose out if we went into liquidation. With this in mind, I would reluctantly settle for £0.125p
Chris Spencer-Phillips from ShareSoc made some comments on Jupiter's suggestion.
Steve Davies, from Jupiter Asset Management, said: "We would like the Board to pursue any alternative options, including the consortium of financial investors who submitted a proposal for a $680m funding package earlier in January, within the remaining time available.
"We would like to be able to consider a standalone financing proposal that would enable shareholders to remain invested in the project, as an alternative to the existing takeover offer from Anglo American.”
Chris Spencer-Phillips said: "We now have over 750 Sirius shareholders registered and more joining every day; it is fair to say that there are a lot of very concerned investors.
"It is an interesting development because if Jupiter feels an alternative funding package can be put together, since they own 7% of the shares they could help get that organised.
"We could help facilitate that."
"The tell-tale signs of whether there's any sort of option will be if shares go above that (i.e., if the SP would go above 5.5p)."
"Jupiter could come up with an alternative funding package which might encourage Anglo American to offer more.
"We are trying to galvanise the shareholders together and give them some information on what's possible."
https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-top-shareholder-urges-17687829
We all was alan , bloody 1000 s of us , got to admit he sold it very well
It all went wrong when JPM got involved supposedly supporting the company to secure funding while shorting the hell out of Sirius talk about the fox running the hen house !! JPM involvement while shorting us how dose that work ? Heads they win tails we lose
Even though I am out and have held and built my holdings since last time it was 5p
I hope your right in your assumptions I truly do but don't hold your breath I consider it a done deal and we are the ones that have been DONE !!!
Took in by J curve predictions and FTSI top 100 made by C.F .
Wwguk, personally unless the aal deal gets voted against ,fraser now being totally run by jpm/aal at this moment , so dont think he will be working on any alternative , hes picked his side , and it certainly is not pi s side , that will be forced upon him the alternative , if he was working for us ,it would have been announced in december ,
I still hope what we current see on the surface was not the full story of his project, in case he has been working hard behind the scenes on the alternative proposal and would announce it in next couple of weeks.
Yes totally agree hope he gets his just rewards.
What gets me the most is that C.F and his BOD had a real inkling of what lay ahead when they offered us that special price of 15p a share !! Talk about having the wool pulled over our eyes !! I sold all my 1 million holdings at 0.0541 as I could not take any more bull S@@t from our BOD and insulting us with looking after share holders !! This goes down with anything Dick Turpin did !!!
"I'd take that statement very seriously!
They would have been advised legally to make that statement, and pretty much any other statement made at this stage.
The BoD are not playing poker with you, this is serious business".
Like you, the BoD have an agenda. I would not believe a thing.
The big investors are now asking questions and querying the merits of this deal. Media are coming on board too. CF states he is not aware of any other offers...he won't be! Hostile means hostile. II,s hold the key.
Or they have been or are being or will be paid to accumulate shares and vote yes. Seeing as they all seem to pi55 in the same financial pot I would not be shocked.
Yeup. did it again :-) right back on my head for another couple of weeks.
Hi Bucky.
I notice you chose to highlight the "bankrupt" part of my post as opposed to the "counter bid" part of my post.
While you know your stuff you always come down on the side of, it'll be sold, it'll be bankrupt, PI's will loose their money unless they bail out now ...
I know you have an agenda, just trying to figure out what you get from it, unless you get paid direct by the post by AAL :-)
On the good side I've heeded some of your advice, and my other holdings are much more balanced and starting to do weil, so have to thank you for that.
I am getting some toilet rolls printed with the images of CF, RS and TS. Do you think they might be popular