Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Is this fertiliser from your mine approved for organic vegetables?
Yellow are you actually kidding. You think cf walked from the deal because there was a better one. Walking away from that deal has cost hundreds of people their jobs, knocked us out of the ftse250, decimated the sp.
With the demise of the JPM deal I have often thought if in some small way it might have suited SXX in as much as I think they said other people were interested.
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I’ve had the same feeling that even before the original bond withdrawal there
was something in the background - my experience (view) of CF is that he never walks away from a deal unless there is a better one in the offing..
With the demise of the JPM deal I have often thought if in some small way it might have suited SXX in as much as I think they said other people were interested. I have never been involved in high finance but I wonder how much influence or involvement JPM will have in current negotiations?
Indeed the demise of the JPM deal may yet prove to have been a blessing..
Of course its a blessing! Was like forever bending over backwards for a narcissistic, manipulative relationship.....what a bloody relief!
RrrrrRrrrrrr.......what a strange comment.....you think I've just opened a trade?.......well if i had then it would suggest that I agree with myself....
Agree with myself !......hang on ......you could be on to something here....
Indeed the demise of the JPM deal may yet prove to have been a blessing..
GLA
What is clear though, is that any that will participate above, must also bring something to the table that will support or enhance the further funding that will be required to enter into production...
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Not forgetting that the demise of the convertible bond element from the JPM
deal, along with any added value a new partner may bring to the table will mitigate any perceived loss in value to shareholders ....
GLA
Or in other words Lauren. You have just opened a trade.
Hi verde.....I've never been an advocate of the pound party.......I've been a shareholder for many years and have always sought to apply a gritty reality to my investment.....i want and wanted sxx to do well , but I wanted to see clearly the risks involved......so in the past I saw dilution as a possibility and I questioned wether we would get our loans, as I've asked about the true value of our take or pay contracts....
I'm now just pointing out that a loan with stiff conditions , plus some high interest bonds are a real possibility......
Were this to happen, and we go on to produce a billion a year profits , then the pound party will get my vote......
Oh.... and by the way ...vote for BORIS.....
So I take it you're still a holder here Myo! lol
Whilst I know it’s a bit like we’re in Dragons Den and I think it’s understandable for SH’s, particularly LT based on what’s happened so far with financing, and the current SP to be feeling ‘worn down’ at this point - what I don’t think is reasonable is the attack we’ve had on this board from some posters with their one line predictions. When you take filters off it’s unbelievable how much at times they post esp after a more positive day than we’ve had for ages and from that hopefully the two following points of page 4 of Strategic Review overview will be considered -
Point 1 - Protect and maximise shareholder value
Point 4 - Maximise shareholder value
- Minimise Dilution
- Reduce financing costs
‘To expect a good deal for current equity holders is irrational.’
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Not to forget that we have some veRY lage and wealthy
institutional shareholders with an interest in our industry...
GLA
We have more than one interested party so I think it’s important to remember the dragons den post from sorcerer earlier !
Convertible bonds won’t be calculated at today’s sp so I’m up for that !
And as for not getting the bonds away ? I’m pretty sure that was only because JPM didn’t like the warrants part of the deal taking us over the 15%
It seems to me that we can now work out mutual terms without anyone calling the shots ??? 16-18%is very attractive to a funder and given our margins of ford able too
Aimo
Ffc
"Before you buy"?.... Ha ha....grow up!
"LL
so we still need to keep a date free for the £1 party then?"
Verde"
That is exactly the type of comment that gives the Bashers and Trolls the faux excuse they use to keep their relentless attack on this board.
Some of you never learn, however I'm pretty sure they would come up with some other nonsense to attempt to excuse their behaviour here.
Sheps8.
‘To expect a good deal for current equity holders is irrational.’
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Unless it comes from existing shareholders.....
GLA
That’s what I’m worried about Fred ... it will be difficult not reply to the agenda driven posters here though!!!! Fwiw I agree with LL and Scotsman take on funding and I don’t agree with bet a bucks very quick response !! All just opinions though we can think about it digest it then stick to why we came here in the first place. Progress has been amazing, 13mtpa forward sold for an “ unproven” product, massive % profit margins , 100years worth of poly just sat waiting to be rescued!!!!!! Crikey now I’ve written it down I think I need to find some pennies to add some more !
Regards
ffc
Fomo should be arriving any minute now.
LL
so we still need to keep a date free for the £1 party then?
Verde
Feel strongly that it'll come from strategic partner loan with conditions and high yield bonds......
—
Me too LL. An expensive long term loan with royalties per tonne on the back side perhaps.
I’d settle for that.
Two articles on sxx in todays telegraph.......don't think either author has thought it through...
We need 600 mill and I can't see this coming from equity raise.....just can't !
Feel strongly that it'll come from strategic partner loan with conditions and high yield bonds......
If the future business has profits of one billion and a P/E of 15 ,then our market cap would be 15 billion. Divided by number of shares gives share price.....
So if there were 10 billion shares, then one pound fifty share price......