Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Skier1. You were probably standing on platform 1 of Leicester Station 176 years ago waving off the first Thomas Cook organised train to Loughborough shouting at all the passengers that this company will not survive. It took you that long to get it right and it will probably take you another 100 years to get SXX fate right:)
A bit like you post Skier1. It would be interesting to know what you will do if Sirius came to you and said please save us. Your unimaginitive answer would be......its a lost cause. Thats why i doubt you are a captain of industry. I think you would win the Mr Hindsight competition though. Cluless omeba
That’s just fobbing off language. What is the reason?
I would love to know what criteria we are not fulfilling. Can’t we get this information citing the freedom of information act?
Hi Illbetabuck. New preferential shares with higher buy in cost (say 10/20p), given the attached benefits of owning them. It could cost Sirius, but if successful, we would be back in the game. I'm sure someone at SM would have thought about it if feasible.
“Judging by the markets attitude towards SXX regarding the last bonds at a supposed 15% interest, has anyone thought that maybe there are no financing options left to SXX and only a complete takeover or strategic partner are the only possible solution to SXXs problems.”
There was an obstacle in the way called JPM. Had they agreed to waive adding warrants to the bonds, we would have been funded by now.
Staying positive, we might, just might, end up with a better deal. Might take longer but we just might.
Which option is preferable? Shareholders finance the Shafts or get wiped out or diluted out of existence.
Rhetorical I think.
Money given back for Convertable bonds not preferential shares.
Just a thought. I'm no finance expert. Issue new share...call them preferential shares fir the funding of the shaft. These will attract better viting right better dividends and a royalty thrown in for good measure. These preferential shares have an end date and sirius buys them back in ten, twenty years down the line for x times. Given that 400 million pounds was recently returned for the preferential shares, it's likely appetite exists. This does not dilute current share ussue and current share holders need to wait. Once shafts are finished go to the market for the rest of the money to finish the project. Thoughts on a postcard.
Entitled Old Folk. Wrong on two counts. No one has ever given us anything and the last time i looked i was quite young. Typical example of knowing little and pretending to understand a lot. I absolve of all your concerns for the consequences i will face now and in the future. Please bring more to this BB other than nonsense and insults.
Poor misguided, disheveled Mahatma. No one is asking for a bail out and no one is asking for us to be nationalised. The government provide a facility whereby Companies that find it difficult to get finance can ask for a guarantee. In return, the company thus sponsored provides jobs, Export revenue, Income Tax, tax on profits which are then paid into the system to run the country. Some of these funds are paid into the Social Security network to help people who are less fortunate and not as lucky as us SXX investors, live a life worth living. Without companies and inward investment where would we be? Mad Max strikes a chord. I think there is only one ignorant person on this board, and he has just been told to go forth and multiply by FFC and Chrisatbirdies. PS: In the world you would live in there are no bridges under which to go an live.
Here, here here Fred16. I agree with the sentiment. Kicking anyone when they are down serves no purpose unless self gratification is your thing. I think all SH know the position we are in and until we are told it's over we need to stay positive and hold on to the belief that people better qualified than us are working hard to turn the situation round. I do not subscribe to bashing the BoD and CF as they are at the sharp end of the wedge and it is they who have talked to and, hopefully, learnt from the people with the money. Hindsight is 20/20 vision and we would all be super millionaires if we had that infallible ability. Sometimes we learn the most from our mistakes and there is no reason yet to believe that this cannot be turned around. Sure we will have some pain, but we/me cannot give up.
On the issue of illbetabuck, he has his opinions. They are monotonous, un-factual and I think I have heard them once or twice in teh years of reading this blog:), but to say he will affect the share price is a stretch. How many people read these blogs after all? Out of interest do we really believe there are 85,000 of us who hold shares?
Sounds as if the game keeper turned poacher. Surely there must be a conflict of interest if:
(JUNE 18, 2019 / 4:43 PM Reuters) JPMorgan first bought a piece of Highbridge, co-founded by Glenn Dubin, in 2004 and purchased the rest five years later. In 2015 the lender agreed to sell the majority of Highbridge’s $22 billion private equity business to senior executives.
Highbridge shorts shares on a company JPM are trying to finance.: JPM executives own Highbridge and no one at SM thought this is a conflict. Is the FCA interested to investigate?
Are JPM still involved with us or have they been thrown out?
I still feel positive, to the extent that MMs still have not finished using SXX as a vehicle for making money. I certainly feel the deck was, and still is stacked against us though. Good luck to all of us.
This share has caused many sleepless nights as I have seen my investment dwindle to nothing. I have read many opinions on this BB and the RNS issued by the company in September, however I’m still not 100% sure why ST2 was not successful. Two main reasons spring to mind 1) Risk of shaft building and 2) lack of market for our product. For both I can submit good for and against arguments. Aquifers below 1000m level have a high risk of flooding, but as you can read in
http://www.image-archive.org.uk/?p=56116 , even Boulby managed it in the 80’s!! (Great picture by the way) Even after the shaft was flooded. Therefore, without underestimating the work content, is the risk that big for ST2 to have failed?
The lack of market for our product? But if we can extract it cheaper and more efficiently than others, who are selling their product for 245USD/Te and our product is the gold standard for plant growth, surely, we can force ourselves into the market – especially with the off takes we have. And who knows what the market will be in 3 to 4 years time.
Or is there a more sinister reason ST2 failed. Other market players do not want us. Reading an article on Jensen, I gleaned that JPM are BHP’s financiers on that project. BHP, a company with a huge income and no doubt a coveted client to many other banks. You can imagine what goes on in board rooms. Were we naive in choosing JPM to help us finance our project?
Are we being told the whole truth of why ST2 failed? Answers on a post card.
PS: no advice on saving myself please, I'm too far gone.
Isn't it a shame that the UK government are not prepared to back SM and yet are prepared to back a Petrofac who are involved in B&C scandal.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.theguardian.com/business/2019/feb/17/petrofac-co-founder-accused-posthumously-bribes-maroun-semaan&ved=2ahUKEwj_9YzsvrLlAhVLalAKHc_vB70QFjABegQIBRAB&usg=AOvVaw1g_t9m6DlOn-iR6ZWhwwMB&cf=1
https://www.google.com/url?sa=t&source=web&rct=j&url=https://amp.theguardian.com/politics/2019/oct/15/revealed-cameron-and-may-lobbied-bahrain-royals-for-tory-donors-oil-firm&ved=2ahUKEwim-bGPwbLlAhWFUlAKHRgyDaAQFjALegQIAxAB&usg=AOvVaw1iL12m1nG2BrCQUPJGriId&cf=1
In case you need to quickly evacuate all cars. Driving out is apparently quicker than reversing into the lane and then going forward.