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Scotman, regardless of any "previous publications", this negative assertion regarding Poly4 has been made in a national publication read by thousands of current and prospective investors. It needs to be addressed and in no uncertain terms. Furthermore, CF's 5 billion shares comment must be raised and is certainly NOT water under the bridge, as we the biggest attempted finance-raise in the company's history approaching, and in previous CF got it quite wrong in terms of what he laid out as the intended plan beforehand and what then transpired. AGM's are, among other things, an opportunity for shareholders to hold the board and management to account. I take that you are not interested in accepting my request and would therefore ask any other shareholders reading here to do so. Thanks, LITC
I agree with Mysotis and Scotman about this - I suspect and hope that it is we, with those empty rectangles over Brazil, Europe, Africa and India on page 8 of the new Investor Presentation, and with MOUs and Forward sales Agreements that could be converted into TorPs, that are in a strong bargaining position. Any major distributor wanting to get early-bird pricing may need to sign up pretty soon, or find that we can complete Stage 2 without them. And on price, while the overall guidance has been for an average of $145/tonne, the announcement wording for individual TorPs is deliberately vague, and anyhow the price moves according to market prices of (some of) the components), eg Wilmar 26 Oct 17: "The prices to be paid pursuant to the Agreement are calculated using a formula linked to the market price of certain nutrients contained in POLY4 and is broadly in line with the Company's existing supply agreements.". So maybe $145/tonne is already an underestimate...
Poly4 is designed to be spread using current spreaders. The spread coverage has been taken into consideration and has been detailed in previous publications. The 5 billion shares being ridiculous waswithin a video interview. However, stage 1 finance which took us to this point is coming up for 2 yrs old now. It�s water under the bridge. Draw a line, it is what it is. It was needed to get the project moving. And moving it is! Onwards!
I won't be able to make the AGM. Given the recent comment in the Telegraph report that farmers would need extra storage and machinery if they switch to using Poly4, I would really appreciate it if any of the contributors here would raise this as a question at the upcoming AGM: I think the BOD need to be pressed on this, as it is a argument made in a credible, widely-read publication now out there in the public domain. None of the investor presentations havde made any reference to the facts about this, and the onus must now be on the company to provide a detailed and specific response to the actual facts about this. It would also be interesting if someone could press CF on his previous assertion that 5 billion shares was "ridiculous". It would be best coming from any investor who was present at the time that he said it. His answer will be illuminating, especially in light of the "intended" plan for all-debt St2 and in light of his pre-St1 plan for St1 to be a mix of debt & equity, when clearly after the fact it was, to all intents and purposes, just equity and major dilution. Many thanks in advance, LITC
I wonder if any would be able to get inline with sirius if they get layed off,about 250 they reckon as the potash mining comes to an end in june and polyhalite mining starts.not nice being layed off hope they get sorted.
Any potential offtake partner will know the price of previous deals ie. $145us. They will not know what position SXX are in with other potential partners nor how many there may be. With fertiliser prices on the up. It�s a good time to negotiate.
If the announcements are made before the AGM (via RNS) then they won�t be NEW announcements at the AGM. There is a small chance of a new offtake being announced within the next week. My guess is that potential offtake partners are fully aware that Sirius need to secure a deal ahead of Stage 2 so will be playing hardball over the terms of any such agreement. Sirius do not have a strong negotiating hand until Stage 2 is secured. OR
That and more Jack, I think the stated resource is only 7% of the license area .....that and more :-) Regards Jesse
A resource of 2.66 billion tones (mean grade 85.7% of our gold) gives a nice 133 years mining at 20MTPA. Imagine the accumulated divis for the life of them shares :)
As GK says if you are replacing MOP as a source of POLY4 you'll need bigger storage/application rates but field trials show MOP/POLY4 blends as the way to go. With regards to 100 years or 50 years, surely it could be 100 years at 10 MTPA or 50 years at 20 MTPA depending on what speed we are pulling POLY4 out of the ground?
If the Chairman is planning to make any major annoncements at the AGM he will, I believe, need to make them to the market first. Therefore any RNSs will come within the next 8 trading days or on the mornig of the AGM. I will bet on the morning of the AGM.
In comparison with previous day's, I think today is going to be a flat day. Can't see the SP being much above yesterday's close, in fact it may finish a tad lower.
Seems the PR target is widening http://www.growthbusiness.co.uk/gardening-the-fastest-growing-uk-businesses-2554061/
All are equally as important as each other. Aj.
More importantly at this point is the commitment letters due in June18.These are paramount in the royalty drawdown. Gina needs to see these.
Sep - Dec 18 Presentation online. Aj.
Just read an article in local gazette, work to start in a few wks, at Wilton International site, cool may be able to see progress every day, only live a mile and half away.
It does look like we are eating the cash though GK. Ginas money penned in for drawdown Q3. Guess the machines are costing a bit upfront. Also puts pay to the hopes of not needing her cash.
Correct GK, fertecon 2015 report, "nasty pasty " on the blue board "dined out " on that morsel for at least a month to my recollection,feels like a upward movement about to happen. :-). Regards Jesse
33.82 + 2.61 %
LSE quotes uncrossing trade of 846267 at 33.82
off the back of one sale of 161 shares at 16:29 ! Their UT WAS 33.82 ! Laughable, if they didn't value the porfolio on it. Nevertheless another positive day - even if we had the inevitable, annoying day trader dip at close.
Wishful thinking it was. However, the day’s price fluctuations after the initial run up to 34.5 have been stable with a reasonable volume and bode well for the remaining ‘no news’ days up to the potential big news day. Steady is good.
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.