Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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& a reduced overall cost .... :-)
Also you wouldn't have to deal with the weather in Canada ...
I'm not ramping by the way I'm a long term holder, if I was ramping I would say that there could be a bidding war between two majors .. there is only one asset like this on the planet.
OK back in my box, back when its all sorted...... one way ......or the other.
GLA ...etc etc.
Yes I am waiting for the 4M sell, like the past two days ............
# Trades 586
Vol. Sold 5,490,877
Sold Value £193.28k
Vol. Bought 12,596,367
Bought Value £443.39k
Overall buys double the sells but we ended flat .........
r we expecting a blue ;)
16:35
wait for it, 3 minutes to go
flat is good.... more like forming the bottom
So just like yesterday the day ended flat ....
The last few lines got me going,,
Re canada wont let hostile take over as its of national interest,or as much as.Are you taking notice bojo.
The last few lines got me going,,
Re canada wont let hostile take over as its of national interest,or as much as.Are you taking notice bojo.
Makes our look cheap by comparison, and for a premium product.............!
game on I say.............!
All the best (but I'm searching for crime atm :()
bit more up to date news.
https://www.mining.com/bhp-to-decide-fate-of-jansen-potash-mine-in-early-2021/
you pays your money ... you takes your choice, maybe it will happen, maybe it will go bust ...
Other mining majors are available :-)
I'm holding.
Pick a strategic partner ... any strategic partner.
https://www.mining.com/bhps-potash-price-outlook-dims-jansen-hopes/
If only they could find somewhere else to invest in and save some money ....
KOH
& ..... those holdings really represent a tiny fraction of their overall portfolio
Yes agree, that's why they can chip in more, along with a strategic partner ... hang on for the ride ...
KOH.
16.5p currently so yes I'm down ..... a lot on paper. Its only a loss when you sell
But the asset is still there, tell me where else in the world could a major (BHP billiton, RIO, Glencore, etc) get a mine up and running in a friendly country (regardless of brexit) with a 50 year + guaranteed offtake of 10 million tonnes + of product, giving an annual $1 billion profit (ok so figures are off the top of my head) but you get the picture.
Also CF has done this before, this is the second time around, and for what its worth I think he has made the right call to reduce the spend while this gets sorted.
Like I say hanging on for a couple of years time, that's when I'll really be interested in the share price
Lovely post Fred, totally agree with you, managed to find a few penny s for a little top up earlier today, the 35th time Iv'e bought shares in this company, hopefully the news will take the sp back up to where it belongs then I won't be tempted to buy any more at these prices. Looking much more positive overall here now, hopefully the brexit deal gets voted through Saturday as perceived certainty will help the markets in general and should help if and when we decide to go the bond route again, although at this point it looks more like an entity such as the quartis may well step up to take part in the massive potential that we have here. Well done all LTH's
"Don't forget, Norway and Quatar wealth funds are in this along ...."
___
I wouldn't hold out too much hope of that. Percentage-wise, those holdings really represent a tiny fraction of their overall portfolios - they may hold simply because they can easily afford that bet. And they not always get it right anyway. And even if, it will cost the company a fortune. The same with government - I think they spend considerably less time dwelling on "wasted opportunity to help funding Sirius " than some here think...
Fraser's options now must be seriously limited and negotiating power close to 0, think about it objectively for a second.
His proudly sounding "strategic review" is in fact a desperate fight for survival. Clock is ticking, the countdown has begun. Potential saviours understand that. They know that he will do / accept whatever's on offer / necessary to stay alive. And it will very likely cost a lot. Practically guaranteed. Unfortunately this is not a good news for the current holders no matter how you look at it.
If you haven't managed your expectations after the last month, it's time to do it now. More pain to come. Nothing's for free in this world.
KOH
If you want to de-ramp proper Cherokee............!
why don't you liken the project to the Chunnel............! or even TC or Debenhams....... :)
All the best (erm...........spider pants.......! been done before eh :()
Cherokee
Steve Davies is being replaced at Jupiter - I think that they are starting to look for his replacement now.
"There’s many more bigger fish with huge amounts invested and at stake like you say and they are not going to curl up in a ball and let this simply fail."
I can't remember who said this, but the Norweigans and Qataris wont have the same risk as us PIs... it will be a significantly smaller part of their portfolios (probably a fraction of a percent).
Jupiter is the anomaly, but Steve Davies has a terrible stock picking track record, worse than Neil Woodford.
Spot on Forseti - this is a long term venture that’s why I got in not for a quick profit otherwise I would have sold at 50p.
There’s many more bigger fish with huge amounts invested and at stake like you say and they are not going to curl up in a ball and let this simply fail . It’s also important to remember this and also the huge amount of on the ground progress and infrastructure. This is big it’s not some small third world mining venture it’s plain and visible for all to see the huge scale project this is in reality.
:))) keep the faith and don’t listen to the pessermists !!!!!
Some call that Forseti............!
your average down top call value that is........! if you don't mind, what's your current average......?
I'm a big fan of the Subsclub, not sure if you've heard of it :(), but perhaps it might suit, depending on your circumstances..............obvs IMO....!
All the best (helpful.........?)
Don't forget, Norway and Quatar wealth funds are in this along with Jupiter Asset management, all hoding shares at a cost of hundreds of millions, if it goes to the wall they loose their money, if they do some sort of joint venture, then they don't . This is what going to save the share price, yes its gone down recently (I intend to average down @ 1p/2p) but long term (4 years) is where I'm looking.....
If SXX is taken over by another company it may be a cash bid or a share offer or a combination of both.Whichever current shareholders can keep a slice of SXX
SM have done whatever they needed to do to get the plans passed and the mine funded.
They will do whatever is needed to get the mine built - even if current shareholders are not part of the solution.
My heart hopes that a miracle happens but my head says run for the hills.
Not long now before we get more clarity.
I have decided to hold half of the holding that I had. I feel better for having made that decision.
If funding is achieved, I’ll buy more shares and rebuild to my pre-sale number - it may cost me a few grand. If funding isn’t achieved, I have a few grand to soften the blow.
OR
it's all very well doing a 'once more into the breach friends' post .but that's spinning it .C Fraser in a recent interview says that SXX investment was always high risk/ high reward investment and that small shareholders are to blame for not getting proper advice or indeed taking advice from these forums .it wasn't sold like this to the locals at all in the early days .it was hyped up like mad and it's left an awful lot of people in a right mess . (modsto123 just keeping it real )
" In my mind there is no doubt the mine will be built and local jobs saved and local area will prosper." - Fred
As much as I would love that to happen, I now have my doubts about the construction too.
__
I don't.
- The mine will be built.
- The construction will be fine (we are in the 21st century and it's not exactly landing on the moon, is it?)
- Jobs will still benefit the region and next generations
- Taxes will benefit the government
- Sirius charity will benefit everybody
- The product will benefit the world
- Current shareholders will pay for it all dearly (in one form or another including the potential ultimate price)
- Future shareholders will enjoy growth, stability and prosperity.
We are in the wrong place at the wrong time I'm afraid my Dear LTHs. Timing's everything in this game.
KOH