Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Ok thanks for clueing me up , keep it coming :)
Myosotis no worries , I haven’t been in here that long maybe 3/4 months , sold another stock I was all in on . Did a bit of research on here and took the plunge , 20p
15p & 8p have been my entry points each time getting a bigger slice of the pie , holding well over 1/2 mill here . I don’t need the cash so letting it ride . By the way I was about 50 million out on my £1 billion guesstimate, not a massive amount in the grand scheme of things ;-)
If that the case LITC........... he's a bit behind the curve .........!
By about x2 wks...............!
Or..........? la la brigade :)
All the best (historical journo, and historical trading is easy :()
"Perfectly reasonable comments in that article all round really".
Couldn't agree with you more aimofthegame6. The author is generally on it with regard to Sirius, and personally I think the article is helpful in keeping unsuspecting investors' feet on ground especially if they've been over-exposed to the la-la land brigade's ongoing ramping campaign.
Hi D H C,I think you would find that LTH's expect the sp to far exceed 15 to 20 p.In due course, naturally.
And Gina’s $50m
Intentional idiocy?
Not gettin it is he..............!
Thought I was daft .......... :)
All the best (I always be here for 'em :()
Don't forget the 400 m in escrow released when bond go too
M . Well at the moments according to the Grapvine we are almost out of cash , hence issuing of bonds . The bond sale of £500 mill would release another 500 mill from jp , total 1 billion in coffers , next round will hopefully not be left till the 11th hour
The holly grail under the Moore’s , & I reckon a billion?
I also found this a bit funny... LTH could still be sitting on a profit and therefore it could be sensible to take some profit off the table (kicking yourself for not taking it earlier) due to the increased risk of not getting funding. I think I may be the brave investor (maybe stupid! :P) who would put his shirt into this! Nice to know that they are looking at next month, although I still think that pulling the bond issue was a mistake and that they are unlikely to get better rates than they had! We will see.
Thanks guys must have missed the discussion through all the clutter on here . Suppose thinking positively we will be heavily de risked after the initial bonds have been taken up & once we’ve got the October update , hopefully they won’t be needing the rcf anytime soon after this offering
Gla
The last sentence in the article states "It would take a wildly brave investor to buy at this time, but existing owners definitely should hold on."
To me that doesn't make sense as generally people who already hold especially LTH's will in general have a much bigger holding than someone who would buy in for a quick punt hoping that the bonds are taken up so people already invested have much more to lose, maybe I'm not interpreting the sentence correctly, it may be that my brain is scrambled from thinking too much about this company! lol
Hey dadean................!
I'm so thick skinned, all Tosh goes over me head......... ;)
All the best (I fink we did agree mind :()
Yes, but they can use the RCF if they like- only it will probably be more expensive than the bonds. It’s basically there to gaurantee the financing of the project. Plus bond issues should be easier to raise as SXX will be a ‘rising star’ by then and hopefully earning an income.
That is how a revolving credit facilty works. And has been discussed here several times.
In effect its like having a £500 fee free overdraft, and a £2000 overdraft with a fee.
Its cheaper to take out a loan when you get over £500 overdrawn to pay back the overdraft and start again, rather than take the full £2500 in the overdraft
The theory goes POSTI that each subsequent raise will be for a lower interest rate as the build will have progressed them and the markets will be more comfortable with Sirius.
The article is saying every time Sirius will need to access the JP credit facility it will need to issue similar bonds to the ones they are trying to flog now , this sounds a no alarming to me , wasn’t aware of this
hey Chesh, may have been exagerrating with the "burn your certificates bit (and atone for your sins) " broker reccomendations... but thats the way its felt (the press coverage) lately
that little rise continues ---
bought a few this morning, nice to see blue for a few .........
Probs right dadean..........!
what do I know :(
All the best (I know he ain't no sparky :)
who said burn your Certificates.........?
Perfectly reasonable comments in that article all round really. I wouldn't see SXX as a new fresh buying opportunity unless you're a binary investor - great when it works for ECO, not great if you held MTFB etc. As a new investor you're basically banking on the bonds being sorted and then you're likely to be bang in the money, if they don't then you can lose a lot. Hold recommendation seems sensible based on the upside potential but over-hanging downside risk
Don't know Chesh! a reccomendation to Hold is a good bit better than the burn your certificates recommendations of late, may drive sentiment a bit for those that readers. perhaps previous holders who read that might think dam i sold out, perhaps should have held..........
I really doubt it dadean..........!
the recommendation was to hold, and not inviting to buy in.........!
All the best (don't know the guy, but he ain't no sparky :()
looks we are rising on the back of that article?!