The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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Not today me thinks.
Looks unlikely sadly. Day traders sellling one trade 286,000 shares at 16:20 in particular just put a lid on it I think.
34.01 is all I ask. A very stable day after the initial clambering for FOMO.
Interesting that the banks are working on an assumption of a sales price of $125 per tonne, and the existing offtakes have been sold at $145 per tonne. Should give us plenty of wiggle room with any final negotiations to get that extra 2MTPA?
Hi P Man It's a volume thing only. The torygraph took that from Fertecon's 2015 report to the planners, where they said you would need somewhat higher volumes of fert blend to achieve the same levels of contained potassium if using Poly4 instead of MOP in a given blend. That most proposed blends using Poly4 will also still have a MOP component as well means there will only be a small increase in required kg per Ha for spreaders. Crop trials show for the many particular crops that will benefit more from adding Poly4 to the mix the yield benefits and money gains from that should far outweigh any small extra spreading cost. Pretty trivial. GK.
Scotman. Yes we must. Dont want all them conversion/dilution talks again.
And there we have it as suggested. Royalty drawdown expected in the third quarter of this year (source May 18 IP). Best accelerate that stage 2 stuff. :-)
My bad. Hadn't read back that far when i logged in this morning. I'd be very surprised if the final form for the poly4 doesn't work with existing granular fertiliser machinery.
Dgr. It was mentioned in the dt on the weekend.
Yes Holycheese, what is it that they say the road to Hell is paved with?? To be fair, the company has always couched the St2 debt plan as "intended". It's what keeps my stomach churning on a daily basis. All good fun... LITC
Potashman. Yes I read that in the article. I am not sure. I have never considered it before. It also mentioned in the article about a 50 year life of mine. That I thought was an error. Someone on adfvn mentioned that he check with Sirius website and also found mention of 50 year life, but I cannot see what he’s talking about. I can only see reference to 100 years.
No, no-one mentioned that. Apart from you and your badly crafted attempt at deramping
.. but are we sneaking above 34p again
Holy cheese. It has always stated intended to be. They haven’t discussed talks. Heaven forbid dilution and it will be carnage for a while. Still would be ok in the long run. Well ok for those not yet invested.
Fair play, I read that and picked up on it. The English language can be so ambiguous, both points accepted and understood. Always good to have sharper eyes clarifying rather than my old ones. Cheese.
Afternoon all, Did someone mention that farmers who use poly4 will need new machinery and storage , im sure ive seen it mentioned somewhere. with our conventional fertiliser I knoe farmers have it bulked delivered or in the builders bags. Just wondering if someone could clarify the situation , will farmers need to buy new machinery for spreading and also what do they mean about investment in storage , I would greatly appreciate some info , Thankyou all P
Slide 16 "stage 2 financing -100% debt financing"
Until they RNS that its happened they can't state 'It will be'
I thought we were already in talks with potential lenders.
All looks swimmingly wonderful. Just one word I picked out that I can't help but feel uneasy about "this is not a deramp" I'm so glass half full on this project. It clearly states "stage 2 intended to be debt only" Intentions are great but "intended" and "it will be" are two very different things. Cheese.
Slides 16 & 17 for me. Stage 2 'commitment letters' for June got me tingling too.
Thanks, the last slide (I think it was) of a view of the mine in 2024 made me tingle
No mention of Poly4 tee-shirts just yet though ;-)
Or maybe if you plough the fields and scatter the good seed on the land (plus the p4) they give you one.