Member Info for avocet123

but not off topic. HMI have just struck a deal with a major Brazilian distributor of fertiliser. Any chance this could undermine our efforts in Brazil?

The bonds will always have one over the equity. Why do I think that? Well, we ALL know the mine will get build, the project overall will not be a failure, not at this stage, we have come to far. The real question is, will shareholders benefit?
Option A. Mine will be built, existing share holders will have the living xxxx diluted out of them and will need to wait more years before breaking even or even making a profit.
Option B. Mine gets built on 100% debt, and shareholder will make mahoosive profits.
Shareholder success is binary.
Bondholder will win either way.

well i dont believe anyone say anything until i see it, and today i have seen half of it. the other half might be next week, or it might not be.
But i do agree with noteasy that it would now seem that now it looks like torps are not important, commitment letters are.
For as long as I have been invested in this, it always looked liked the next stage seemed like it was important one, then it wasnt, and the next thing was important, then it wasnt etc etc. In other words, PA was going to set the SP on fire, then commencement of the build then inclusion in the fte250, then the torps, etc. It almost feels like we will one day sell 20mta, and still be at 35p. (that fine if there is a 35p dividend)
We have been at 45p when things looked a lot more shaky than they do now!!! It makes now sense to me.

But Sam7, then the answer is already here! The re-usable plastic bag. And your would not want that to degrade. My wife has been using the same re-usable plastic bags for 8 years! Where is the need for any bags, even bio degradable ones, if everyone start using re-usable plastic bags? And I do see most shoppers using re-usable bags. So where is the need for oxo then?

Chilting, surely the shorts already in existence dont influence the SP. It is only when a new short opens, that the SP is negatively influence, and conversely when it closes. If more opened today, for whatever idiosyncratic reason, and provided they were opened by existing shorters over the 0.5% mark, we will see so tomorrow when the FCA update their short tracker. But I would not have thought, that they would increase their shorts in light of the positive developments. It is possible that we will see another trade deal over the next 4 weeks. It could be at any time.

My thoughts are this is still 50/50. Even if we had 7m worth of deals, it still doesnt mean that dilution free finance will be forthcoming. I have 23% of my only modest portfolio in here, and that's not much compared to some of you in here. But I am still anxious.

On another note, Brazil, huge market to be sure, but HMI is on their doorstep. Not invested in HMI, but I am considering it as next investment.

Joshua, they corrected this in follow up tweets to read "intended". So dont assume this tweet has meant anything concrete.

Scotman, any deal is not good enough until the aggregate of the deals takes us to 6.5m. At 5.7m we are in a much better position than yesterday. And really we only need to secure another two puny 500m deals to get it over the line. Hell, even the 5.7 we have now might be workable for the banks. I dont care, just no dilution please.

So 5.7 aggregate now. Thats close to that magical 6, 6.5 and 7. They all seem achievable now.

Your kidding me. spooky. I felt it in me bones!!!

Any day could be the day. It could even be today.

old news

Golfer, whilst I agree with you, it is unfortunate that I could not find a single grammatical error in your post. Because that would have made my day.

Why? Doesnt need sign off. Its only confirming what has been stated in plenty RNS's previously. Its not news, it doesnt need sign off, it doesnt need an RNS.
Its been stated in before.

Wasnt it a given that HMI would get the approval?

It is of course serious. But I think that was the cause of the dip yesterday. The SP recovered today as it became clear that no one has died, as harsh as that sounds. Because that would have been a different beast altogether.
But lets be clear that despite all the excellent H&S precautions I am sure the BOD are taking, these things do happen, and this might not be the last time. Construction is a dangerous business. I get hurt regularly doing DIY for heavens sake.

wow these shares just keep going up and up. Would have liked to invest, but the PE ratio is crazy. PE of 88??

ah sorry, got carried away again. Yes I agree, they may well do so, and hopefully pay a much higher price later. In saying that, they do have their own supplies of potash, though it may not be poly4.

By the way potash is picking up yet again, albeit slowly. http://www.infomine.com/investment/metal-prices/potash/1-year/

The only ones currently standing like a deer in the headlights are the UK gov. Unfortunately the EU is ready to fight, waiting for us, and they will get the better deal. Get used to it.

Boy if the shorts got it wrong they are screwed. If they didn't we are. Notched up again yesterday.

Without knowing the terms of the lease thats difficult to say. Could be punitive pull out charges and a win win for the port either way.