Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not gloating brother, Ive actually bought 25000 shares out of my daughters savings for a future investment, I beveled it would come good, i merely pointed out 3 weeks ago theres allot of unforeseen challenges mining polihalite and its hard going and i got ripped to shreds. I've wished the good luck all along but the tonnage SM were hoping for could be overoptimistic and got ripped for it.
Whatever the outcome, and I do hope the mine gets completed one way or another, Finance is going to be more expensive, the lower the share price the less likely a placing will happen. So it’s going to be a long haul, the risks haven’t gone away with the construction and a takeover is a far away dream, Administration might be the only option for an investor to get involved on the cheap but even that isn’t without its risks. Good Luck everyone let’s hope CF can pull a rabbit out of the hat.
Says the guy who created a second account just to come here and gloat.
I'd say you're the failed keyboard warrior my friend.
Have a lovely day now
DGR another know it all, your a boring keyboard warrior. I don't need to explain to you my friend, go cry on someone elses shoulder
Bol1ocks do you have 150,000 shares Polyminer.
If you were that sure that it wasn't going to work 3 weeks back you wouldn't have any
DGR, get your head out your ass, i have 150000 shares, im as gutted as the rest and I hope it will pull around, In not gloating.
Was this share tipped by ADVFN a few weeks ago
Here we go again, Modem day shaft sinking and tunnel driving equipment is very efficient, getting the tonnage out of the ground is something totally different,
I'm not complaining one bit about Boulby, we have met challenge after challenge and were getting production records all the time but nowhere near what SM are hoping for and we have 4 developed production panels.
So what you're saying is you created a new account purely to come back here and gloat?
That must surely be the right attitude.
Tool
Mr Morningsun, I only stayed on here for a 2 days and deleted my account, couldnt be arsed with the attitude and negative way when I questioned anything and went against the grain.
I hope you're right Sageman
Sageman, Nice post.
I hope you are right. If you are, a share consolidation will be inevitable at some point.
At Uni I studied both the Euro tunnel project and the Humber Bridge. Both got built but both were plagued financially during the construction process due to poor engineering, delays and colossal budget overspend. I was therefore very cautious here and expected a similar scenario. In contrast this has been a well run show from an engineering perspective. A sound business plan with the engineering going pretty much to plan. To fail because of the state of the markets rather than because of the incompetence of the project is thus a surprise. However, the mine is solid, the jobs matter and the financial case is compelling. This will get funded and built. We may see 50% dilution or more but in 5 years time holders currently underwater will be in the black. SXX won't be your get rich quick scheme but similarly I do not believe it will beggar you. I am holding for the long term and ignoring the paper loss.
So Poly, if you put a message on here 3 weeks ago as you claim then where is it? This is your first post....
And Stella Rose is 2 months ahead of schedule.
Not sure how either of those are relevant to you complaining that Boulby had trouble mining polyhalite
Yet the drop in price has absolutely naff all to do with what youre claiming? Bit of a pointless post fella. The shaft is being sunk at a ridiculously fast rate, heard it from one of the lads on site yesterday. Nothing has yet been slowed down by what you claim and therefore your post 3 weeks ago is still completely irr.
3 weeks ago I put message on here and got and got spectacularly shot down in flames, insulted and ganged up on, I mine Polyhalite , I know how hard it is to cut, I see what it does to the machines. These people on here who blow wind up each others backsides say they know about mining, they dont !!! the projected production figures are unachievable the tunnel is to ambitious and expensive, then theres a very good chance the project cost will spiral out of control, they always do ! I sincerely hope it goes ahead, we see miners as brothers, with the fact and figures SM have promised, high risk.
where are you know boys, you know who you are !