Roundtable Discussion; The Future of Mineral Sands. 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.
How exactly have you worked out that price?
JR
In the spirit of civility...
Can you please read the prospectus....
I too believe there could be value from here (3p)
BUT all previous programme, NPV, ramp up to 13mtpa, construction, cost models, debt repayment timescales..... is all out of the window and the model is being scrapped and started again. This is 10 years of planning being started from scratch from a weak position.
I reiterate, I see value, even if we are diluted to 20%. But this is from a base of 3p.
"How in your delusional mind do you think a fair price is between 10-15p ?
Unfuknbelievable..."
maths
How in your delusional mind do you think a fair price is between 10-15p ?
Unfuknbelievable...
"What do you think, based on where we are, the SP should be?"
A fair price right now in my opinion is somewhere between 10-15p due to not yet knowing how the finance is going to be raised to complete the build, obviously if finance news arrives and it is not too dilutive then we could well see 30p + at some point within the next 6 months, of course if the finance cannot be raised then until it is the sp will be where it is now, possibly a little lower so that's why getting this finance sorted is so vital, as it has been for the last 12 months but of course we are more up against the clock now so really need a good bit of news before the end of this month to flip sentiment of our project which will be very healthy for our sp. Still lots to play for and no doubt more twists and turns until the mine opens at some point in 2021.
Forget me not:)
Bandanman.
Not seems we are the minority here,,but keep believing mate.
GL
AlanG
You state we are oversold
What do you think, based on where we are, the SP should be?
Nixan - words out of my mouth, Flappingchicken's attitude of ""I'm alright "" is what you can find when you ignore what the company is trying to do. It is not just about the SP.
Regenerate an area with limited jobs so that people are on Min wage in dead end tourist or fast food jobs.
Regenerate a Port and the supporting infrastructure (bought too early and now costing us ...) It is in an area of outstanding beauty - but that doesn't put food on the the table. NYNP is full of people who have independent wealth and do not have to work for a living - the rest of the area does - if there are any jobs that is...
As I am corrected by Littlened - All I wanted was to Govt to back the 500M bond - and then we had access to 2.5 B of revolving credit - enough to finish the mine.
But after all the MP's have had their mugshot and press cutting service slows down - we have nothing.
I hope against hope that some white knight will ride by and say - 'Yup, I'll have some of that' and the mine gets finished and the PI's who have been in from the start can have something to show for their support and the Govt can use the income generated in tax (and more income and corporation tax from more workers and companies in the regenerated area) to help Flappingchichen decide what to put his money ..........
ATB to the LTH
AlanG - you mentioned that main shaft is ahead of schedule. Can you expand on that and state your source? Thanks
I am a tax payer and would rather my money go into supporting our economy,,creating jobs,,injecting money into depleted austerity ridden areas,,rather than banks,,and just replacing cut backs that were enforced for no reason but stupidity and greed,,,i will help others with an extra few pence,in the pound,
be it health service,,deprived communitys,and such like,,but more so a company that could add alot more than my few pence of taxation.
so greedy bxxxxards ,"why do you disagree with that?"
Spot-on AlanG. And I agree the polyhalite may be time-limited but I just wonder what Sirius Minerals will develop into using their patents, retained profits, joint-venture partners and so on. It would be fantastic to have the mine, the processing, binding or whatever added to a major head office in the area. Thus resulting in employment for the area, whatever that may look like, for generations long after we have departed
Alan
You honestly believe everything the company tells you?
We have forward orders in place for over 14 million tons per year cost of extraction £30.00 sale price $150 a ton so we have the most efficient mine, with the worlds largest deposit of poly and 100 years life .
Alan, I'm with you on this, money and profits are cruel and don't care about people much.
So recent negative activity is sort of expected, part of contemporary life,
just not everyone is prepared to deal with it.
But to be fair - there are real risks and problems (financing, etc.) , not imaginary,
so outcome ambiguity (dilution) not going anywhere.
That's why it's so popular feeding ground for shorters and their company.
I have been here for more years than I care to remember and the board has never been so full of Boll@@@@ !!
Can anyone imagine for one second a van driver at Marks and Spencer's , Tesco or any other large company knowing what's going on in the board room ?
Then the normal Trolls forecasting 2p today !!!
My take on things is that as we all know we have been subjected to significant attack from the shorters who care not about job,s ( exept their own )
Attacks by Mottley a Clowns and other media no wonder C.F. Is well ****@@ off as at every corner people are attempting to thwart his efforts.
The share has been well and Truley oversold and facts are facts work continues on the main shaft which is ahead of schedule significantly de risking the business , costs have been cut and main cost of any company is people and regrettably job,s have been lost.
We have forward orders in place for over 14 million tons per year cost of extraction £30.00 sale price $150 a ton so we have the most efficient mine, with the worlds largest deposit of poly and 100 years life .
The B.OD are actively looking at several options for finance / partner and I am sure something will materialise .
So I take no notice of the doom and gloomers and knife twisters they have to get some entertainment somewhere when we have as I expect turned the corner they will drift away and find another board to Post the end is nigh .
Best of luck to all LTH