Member Info for bandanaman1

I agree with the comment - 'someone' will pick up the entire company for nothing - just to complete the mine and create the jobs, so needed in the area.
All LTH and PI's will be wiped out - it will be a 'packaged deal' buy from the administrator and if CF stays in the role it will be a tragedy twofold.
He might have lost hios 2% interest in SXX (but no doubt will be given a stake in any new 'Phoenix company', which will slowly added to over the next 4 years as the mine gets completed.
So once again the 'mugs' of PI's that 'created' this company and backed it so that it could start the mine have been outdone by the impotent FCA and shorting Hedge funds (who couldn't give a toss whether the mine was built or not - as long as they got a bung from the betting...)
All of the LTH have been put over a barrel and made to take it without a whimper, I have had enough of the 'financial institutions' and the MP's and governing bodies that are happy to throw money away left right and centre on wasted ID cards / IT systems for NHS / HS2 and others...

This is slow death by a thousand cuts .... agonising and painful - I just want it over with

bandanaman

IMHO I think that CF pulled it as he expects rates to drop to a much reduced level and hence any funding is at a much lower cost.

I am probably wrong - but that is my rose tinted view of the situation - that and looking like a rabbit caught in the headlights ....

Sheps - succinct, as always ......

'Each to their own' as my mother would say, traders do have a place in business, as they are a general expression of the sentiment on the future position of the company.

Shorters however are the scum of the earth and it should be banned,

The Hedge funds that do this, generally do it with inside knowledge, work to the extent of the law (and outside it as they are rarely challenged and caught) and basically try and destroy a company for profit.

Seen and been on the end result of some of these - Tiger Fund / Quindell ....

ATB to all PI's - bandanaman

GK, your views are OK as a 'Trader' - someone with the time and knowledge to be able to sit back and watch the flickering of the screen and pounce when a profit is there.

Many on these boards do and investment in the long term view, they do not have the luxury of being able to trade constantly.

Trading is no bad thing, cashing in on the movements, but I feel there are more LTH than 'traders' using these BB's ....

IMHO

bandanaman

DGR - but at least you have made the 1st target....

Now you can sit back and ignore bulletin boards for 3 years and then have a 'peep' and see if you were a) - right, b) - clever, or c) - skint .....

GLA - hope the DIVIS come (for my kids / grandkids sake...)

As I constantly remind PI's on this board, especially when the SP moves 'dramatically'.

Greed is the enemy of Profit, when you enter into a share then you should set yourself 2 x targets (fair and achievable).

These should be - a) - At what price should I sell and realise my profit.
Also not forgetting - b) - At what price do I sell and accept the loss incurred.

Greed will ruin the 1st setting, whilst 'frozen in the headlights' will ruin the 2nd setting (and you).

If 25% profit or loss is the target then that is many times what you would get / lose in the bank.

Selling a % and getting a free ride is a good way / staking all or nothing hoping for a continuous ride is a sure way to lose in the long run.

By the way - I never follow my own advice and have been in this share since the 8p days and even though I sold out at 45p - I then bought back in at 35p ......

GLA to all - (except shorters - may they burn is the cesspits of hell, along with the useless FCA and other allegedly controlling authorities. Give me the SEC anytime!!)

Bandanaman

If you use HL then there is a Max charge of £45 / years for an ISA - charged monthly - you can 'bed and ISA' your shares into the ISA from your Fund account - If NOT with HL at moment then you can either sell and use the cash to open an ISA (£20k / year) or transfer the shares across - but that takes time ...

Yorkie,

As an 'expat Tyke' myself, I am worried about your post .....

After much pulling and thrusting my wife did manage to get the stalk out of her 'Cupid's Garden' (as she tenderly like to call her veg patch). however my wife also found it too large to handle.

A two handed grip did work - but she did wear a hole in one of the gloves.

More after, once she got it out and gave it back to me, did not know what to do with it, seeing as all it 'fruits of the earth' had gone and were consumed.

I did mange to break in half by snapping it across my knee, but that only made things worse... (I now have to book an appointment to see the doctor - due to a damaged knee..)

Be careful what you wish for ..as Geoff Boycott once said .. 'cud b'trouble int pillowroom here..?'

bandanaman (now selling the granules at £20 for 4 ...)

PAA et al,

PM me and I will give you the email address of the person to contact - alternatively contact the press office and request some 'sample bottles' as an 'interested investor' and 'gardening enthusiast' - they should sort that out.

100gms / m2 is the prefered dosage rate as I recall - but if you spread at the roots of a growing plant then you do not need the 'scatter gun' option - and you can apply to more plants.

May your chillies grow large and give you much sustenance - something akin to SXX ....

ATB - bandanaman

PAAA / Myo - If you wish to get your hands on some Poly 4 then just ask them.

I requested some (as a keen gardener and wanting to try some out to see if any difference) and they sent me 8 x 'sample bottles' - the ones you see in their photos.

I used a couple of the bottles ......

I have just pulled up the last stalk of my 1st crop of sprouts, it was 5'6" tall and we have been eating the sprouts since August. I nipped out the top at 5'6" as it was getting too top heavy ..."!
The sprouts were larger / firmer - more like 'mini cabbages' - but very tasty and filling.

The 2nd crop of sprouts that had no Poly4 are their normal 4' tall - the sprouts are normal sized.

Apparently Onions like Poly 4 as well

I also put some down around the runner beans and we had a large crop of them - subject to the temperature dropping from the unusual highs of this summer.

Just saying - if you want some samples - just ask them .....

(Wary of putting some around my 'magic beans' in case I am pressured into climbing it and looking for a golden harp somewhere in the clouds.. (my knees are knacked) .. - I can always look for some young Jack tho'....)

ATB - Bandanaman

Like many on this board I think - broke the Cardinal Rule and fell in love with the share ...

Institutional investors especially 'managed funds' are more concerned about where the company stands - Once you get into the FTSE 250 then II will start to look at you - once in the FTSE 100 then all funds will look - many funds will not accept AIM companies.

AIMBHO - bandanaman

Hi PAAA

To Clarify, mine is a Maritime background - (Consultancy - Engineering / Ship repair / inspection / classification and ship operation).

The rates of 5000t/h is what the facilities can load at - most ships will rarely be in a position to accept the cargo at that speed, due to getting the stress levels and bending moments correct - otherwise it can overload the vessel and 'break its back'.

The more modern 'Dry Bulker' may have capacity to load several holds at the same time up to a certain % of cargo and then it will have to be 'topped off to achieve optimum sailing conditions and draughts etc.

Unfortunately lots of 'older vessels' will have to be loaded at a much slower speed.

If you took 3000T/H as a guide then it will fill the ship in just over 1 day - hence 250000 tons is only 3 x ships and less than 1 week's volume to load.

So it is not as much as people might think - consider the replenishment speed as well - so that the 'pile' is maintained at a steady level to accommodate the vessels - without having to wait nor having to slow production as there is nowhere to store it .....

ATB - bandanaman

Myo - I think 250,000 tonnes is 3 ships, not 2 as an 'average' Bulker (for fertilizer) would be 80,000 in size for this type of cargo - I have copied the appropriate data as follows;

......... Each of these cargo groups requires special vessels: container .... bauxite/alumina and phosphate rock) account for about 57% of total ...... A large volume of a fertilizer cargo (e.g. 80,000 tonnes of a typical bulker size).

The speed that these cargoes can be loaded is also the main criteria and this will vary from 600T/H upwards - 2 x sources of information are shown below
opensea.pro/blog/shipping-fertilisers
portal.helcom.fi/meetings/HOD%2052-2017-405/MeetingDocuments/3-3%20Draft%20Report%20on%20potential%20sources%20of%20nutrient%20inputs%20-%20Baltic%20Sea%20ports%20handling%20fertilizers.pdf

ATB - bandanaman

Great interim results and a reasonable SP rise - still weird that there are no broker forecasts or annual targets / projections from the company - something we can see if they hit the planned milestones...

ATB - bandanaman

Interesting deduction Cherokee. - not far wrong with me - now 65+ (just) but been retired for some 8 years now.
I invested int SXX after getting out of QPP and have been here for some 5 years now.
Built up a 7 figure sum of shares but as I don't really need the cash I have transferred almost 1m shares to my sons and grandsons so that 'should anything happen' they are not in the IHT catchment.
Also transferring other funds into son's accounts - but slowly blowing whatever we want when ever we want.
This will be a great share in 5 years time and that is why I am passing it across to my sons to enjoy.

ATB to LTH
bandanaman

Note the statement / words - 'EXTRA £4 BILLION' - so in addition to existing aid - and to be matched by private sector
(Not unless there is a chance that Mozambique laws and courts do NOT honour UL rulings .....)

IMHO - bandanaman

From BBC news 28/08/18

Arriving in South Africa on Tuesday morning, Mrs May said she wanted the UK to overtake the US to become the G7's biggest investor in Africa by 2022.

She promised to continue existing economic links based on the UK's EU membership - including an EU-wide partnership with the Southern African Customs Union and Mozambique - after Brexit next year.

Promising an extra £4bn in direct UK government investment - which she expects to be matched by the private sector - she said while the UK could not match the "economic might" of some foreign investors - such as China or the US - it offered long-term opportunities of the "highest quality and breadth".

GLA - bandanaman

Already agreed £2 billion is for Mozambique - hence pressure on Mozambique courts to ratify the ruling.
Let the General cream off some aid money instead.........
GLA - bandanaman

There are 4 x International events between now and early October that SXX are attending.

Brasil / China / South Africa and USA - it would be really nice IF a new TORP could be announced at each event - culminating in the Govt Guarantee in late October ... what a run in at the end of the year - what great headlines and exposure as well...

Just 'topped up' another £8k - today - my 'last top up' for today ........

GLA - bandanaman

I have not seen any definitive plans for the port - but I do recall that loading of the vessels will be done by conveyor systems - so it is up to SXX to decide on how many conveyors to use at the same time - as you can see from the examples I have posted you can have 4 /5 / 6 feeds into the vessel - BUT the more feeds in then the loading of the vessel is critical as the stresses and bending moments exerted on the hull CAN break the ship in half .

The same situation applies when discharging the vessel / speed is NOT THE CRITICAL FACTOR - rather stress build up in the hull is - and so loading and unloading speeds are defined by the vessel and not the port.

(Hope all are taking note - I will be asking questions at the end......... hee hee!)

bandanaman