Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Chris Fraser, managing director and chief executive of Sirius Minerals, said:
“Today we are pleased to announce that, as a result of that work, we are launching a comprehensive markets-led solution for our funding requirements which will enable Sirius Minerals to complete the development of its mine and unlock what we believe to be the world’s largest known high-grade polyhalite deposit.
“The funding package will bring together equity, convertible bonds, high yield debt, and a $2.5bn revolving credit facility in a multi-stage, flexible structure that balances the availability of capital with the needs of the project.
“Today’s announcement provides a clear pathway to a fully financed project in the months ahead, while enabling us to progress construction at full speed.”
Lots of happy people.
https://uk.angloamerican.com/about-us/leadership-team/leadership-team
And karma does catch up with everyone at some point.
Looking at Donald Trump - his boorish behaviour, other unsavoury acts have eventually amalgamated to place him in the position he is in now.
Whoever knows what happened to the chap from RBS when it collapsed?
Just to add before anyone reads anything into my previous two posts, I have seen no evidence whatsoever that there was any wrongdoing or impropriety on the part of any bank or financial institution backing Sirius minerals. As I cannot edit the post, I wish to make sure the content is not misconstrued. This is just to clarify that I would like to see transparency surrounding the trading patterns in Sirius minerals around the time of the collapse in SP.
It would also be interesting to ascertain whether said bank had any links to Anglo American. Not suggesting anything except to say this would bear investigation if we had anything in this country resembling the SEC.
our regulators in the United Kingdom are completely lacking in dentures or gonads as a result of which big money enjoys predatory environment lick nowhere else on this planet.
I think the shareholder action against Sirius minerals, the company, is somewhat misplaced. My reading of the situation at the time was that a certain large financial institution pulled the bond offer and simultaneously shorted the company through a subsidiary. There was concerted short selling in the company shares at the time up-to the tune of ten percent of the entire company, dark pool trades may have accounted for even more than this. I believe that this lead to the collapse of the share price down to a penny. The whole sordid story behind this is what needs to see daylight. I guess the story will never be told. Keen to hear if anyone has more detail on this .
disgraceful
“Chris Fraser bagged nearly £900,000 in bonus share payments and was awarded a further £417,000 performance bonus for 2019“
Performance bonus, Yes it was.
To give him his dues, he didn't clarify who they were being paid too.
Still looking in from time to time - was in this from Richard Poulden days, Philwad and the ilk on iii.
whatever happened to LK hyman and some of the others? my god, in hindsight, those Fraser quotes make you seeth
He has a hell of lot to answer for his day with mother karma awaits
“Now, Fraser, a former banker born in Britain but raised in Australia, wants to make the final step and turn Sirius into a FTSE 100 giant”
'My job is to get Sirius to paying dividends“
More comedy.
“Sirius has already been pre-approved for IPA backing. ‘The IPA is the last piece of the jigsaw puzzle,’ says Fraser“
How about that witticism.
“Sirius Minerals has launched an internal investigation after a senior worker was allegedly heard discussing the controversial takeover by Anglo American with a hotel barmaid before it was publicly announced”
More comedy.
“Online shareholder chat forums are a “disgrace” and should be shut down, the boss of Sirius Minerals has claimed.
Chris Fraser said that the Financial Conduct Authority should investigate the bulletin boards where retail shareholders in Sirius and other companies discuss their investments”
Being called a disgrace by Chris Fraser is hilarious.
I've just read the post concerning sharesoc.
Ive resigned myself to my eye watering loss of over a 100k on SXX.
I cant really see them getting very with the claim but might as see what's what. The last share offering of 15p to share holders followed soon after by the 5p deal was a particularly sour pill for shareholders to swallow.
The presentation pack and recording from our webinar with Sirius on 8th Dec can be found here for full members to view: https://www.sharesoc.org/seminar/sharesoc-campaign-webinar-sirius-minerals-8-december-2020/
To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: https://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: https://www.sharesoc.org/contact-us/
This should be subjected: "Webinar Recording" apologies
The presentation pack and recording from our webinar with Sirius on 8th Dec can be found here for full members to view: https://www.sharesoc.org/seminar/sharesoc-campaign-webinar-sirius-minerals-8-december-2020/
To access the presentation, you'll need to be a full member of ShareSoc, which is a not-for-profit organisation that supports individual shareholders and campaigns for shareholder rights. If you're not already a member you can join here: https://www.sharesoc.org/membership/
Once you've joined, you'll receive an invitation to register for our "members network" private social network, from where you'll be able to access the presentation (and presentations on 100s of other meetings). If you're already a member and have any difficulty accessing the report, please do not hesitate to contact us here: https://www.sharesoc.org/contact-us/
Hello everyone! Good to see some old names - I do miss some of them! I’ve just listened to the ShareSoc webinar as I missed it the other day. Made me feel better that they are obviously working very hard on our behalf. It’s just good to know that something is being done and I’m grateful
https://www.sharesoc.org/blog/corporate-governance/update-13-12-dec-2020-sharesoc-sirius-shareholders-group-sssg-and-siriusclaim-www-siriusclaim-com/?fbclid=IwAR1CjQLyWARlIKZEDMIDymt-mcIKKHiyM7v5Jn5nyAAASLOvr6UjcDuVzHw
https://www.thetimes.co.uk/edition/business/anglo-american-invests-more-in-woodsmith-mine-nsd8qcs7m
All the doom on this site before the daylight robbery took place was completely unfounded and engineered to drive the price down.
https://www.thebusinessdesk.com/yorkshire/news/2067331-mine-project-workforce-to-swell-to-1400-as-massive-funding-boost-revealed
I would think that the answer to that question is no, but I recommend that you check with someone who is experienced in company law. If a claim is made I think that it would be a class action against Sirius and/or Anglo American, and I would have thought that all of the affected shareholders would benefit from a successful case, not just those who have signed up to the Claim Group, and lawyers would instruct the various nominee companies to disclose who were the beneficial owners of shares which were, for example, bought in the rights issue and open offer, so that everyone receives their fair share of the proceeds of the claim after the legal costs have been deducted.
There is, of course, no certainty that a claim will be made. Much will depend on the strength of the evidence.
Ok, thanks Archways, glad to hear that you have more than recouped your losses.
Do you need to sign up to sharesoc to be part of any claim moving forward?
Sorry, I should have said info@sharesoc.org
Haus - yes, I am sure that you can still join in. Go to info@sharesoc.com
jonesrichard - I am almost certain that it was you who drew my attention to Greatland Gold, and I thank you for that. I put the proceeds of my Sirius shares into Greatland, and have more than recouped my loss.
I am sure that anyone who put money into Sirius at the time of the rights issue and open offer (in May 2019?) at 15p per share will be interested in the Sirius Claim Group's efforts to bring a case against Sirius and Anglo American, and it does not matter that the shares were sold before the 5.5p per share offer went through - the claim would be for 15p per share less the actual proceeds. That is not to say that the Claim Group is not looking at other possible grounds for a case, but I am just answering jonesrichards' question.