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Still holding Steady!
And lets not forget we are up since easter. Its hardly doom and gloom
I disagree Andy, I don't think PIs have that much impact on the sp any more. I do however think the II's will increase their holdings once ST2 is confirmed
Dilution not solution.
DGR. I mean the uncertainty from some PIs to fully commit with the known solution which will occur. It certainly feels like that’s what stopping us. Even after the last Torp in October. The SP declined. I think the Cbs holders have us by the short and curlies until they decide otherwise.
another race towards 38p from Monday could well be on the cards
It will have to appreciate a hell of a lot for me to retire off it unless I'm planning a very frugal lifestyle! It has that potential though. This is a serious investment they are making in something tangible with real and necessary applications on a global scale.
This isn't the CBs. We hit this price and had the offer to exchange for extra shares. Anyone who didn't exchange then, is unlikely to exchange for less than a penny up
I think the only thing that is causing us not to break towards new highs is these damn CBs. I am not totally knocking them because we needed them in 2016. I just wish we could get rid soon, take the short term pain and then really kick on. Looking forward to H2 of 2018 with excitement. Just want these shackles removed
BHarris, agreed, tomorrow is never promised but if i live to the age of between 43-48 then I am looking at an early retirement and that is something I could do with! Lol
The Gov't backed bond is critical for short term shareprice support and growth. Once that happens it will underpin everything the company is doing. This is the kind of share that I think could be worth anything up to 10-15 pounds within about 8-10 years.
It is my belief that this is and will be a good share ; )
IB. So am I. As I put in my original post. I think we are in control.
a cheap share does not always equate to a good share..
Andy, I think LITC summed it up precisely. I also think, as others have suggested before, that we could get a simple TorP signed up very easily, but we are working to get more than that instead. We have time still, so rather than signing up now, why not be more ambitious? I think the SXX team have this completely under control. Totally relaxed despite the short term downward drift at present. ATB
Hi kaleltm, my simple answer is, I am not at all wealthy to begin with, comfortable but not wealthy. At 33p I am getting 3 to the pound. At 50p I'm only getting 2 and therefore will be looking to venture on something cheaper again! Dt
Listened to it twice. I just get the impression that his tone changed markedly from a few months ago where it seemed obvious we were about to get a Torp and unltimatley did, to his tone yesterday.
Andy have you listened carefully to the webcast of yesterday's CF presentation??
Personally I took a lot of relief from yesterday's presentation. For some time we have been in the dark as to the what was happening with regard to the final tranche of the future sales contracts required by the MLA's for St2 debt funding. Now it has been reiterated that yes, the target is still up to 7 mpta, and therefore as per CF's own words they are targeting a further 2.6 mpta (ie. the balance between the current 4.4 and 7) primarily from the valuable NW Europe and Brazil markets, which according to him are in themselves complex in nature. He explained quite straightforwardly that this was because they were now looking to move to more valuable contracts than simple TorP's in order to create more value in the long run for shareholders, now that the agronomy case for Poly4 was more widely accepted in the farming industry. He sounded eminently relaxed and confident in achieving the required volumes (and by implication could have already done so if just in TorP form). Reading between the lines, this might now not be achieved by end H1 but it's coming, and in time to satisfy the lending requirements for St2 in H2. I would now be surprised if he does not get the debt funding plan away as intended, though the greyest area would now appear to be how much commercial debt-raise they need to have exhausted before the govt is prepared to underwrite the remainder as govt-back bond. Really good news IMHO; we can relax. ATB LTH's, LITC
IB. Yes I have. And most impressed. Why do you think we haven’t progressed with TOrps?
Andy, Have you listened to the recent presentation by CF added to the Investor Presentations section on the website? I think that offers a good reason why we haven't seen any more TorPs and where the company want to be.
Just curious as to why you have set 50p as your top up limit? I consider this to be still very much ground level
Scotman. It was probably in a podcast. It was always spoken like it was imminent. I cannot remember exact phrase. But we were in no doubt it would come soon. It did, in October. Looking at presentations. They all stated negotiations are progressing well. The latest one states “ongoing negotiations to agree additional supply agreenments”!! Now I don’t get the same feeling like they are close to another Torp. From progressing well to no mention of how these negotiations are going. But and it’s a big BUT, I think they are going to try and get the stage 2 without additional TOrps. Maybe we are in control and don’t want anymore at discount price. We will see.
As I am fairly new to investing in sxx (Jan 31s) i am currently scrambling to gain as many shares as i possibly can whilst this is cheap. What I mean by that is i will not be buying once it passes 50p so possibly not far now till my accumulating period is over! ; )
I don�t ever recall him say �imminent�.