The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Could CF negotiate a royalty deal with a major investor in the next couple of months. This in my opinion would be his and share holders best option. GR offered $250mill for a 5% deal. Could CF offer a larger royalty deal to her or to another investor which wouldn't include share dilution but a much larger loss of future profits. Is Andrew Forrest of Fortescue watching in the back ground. We as SH's may still have a few options to get some funding. Lets hope CF can come up with a deal. This is not game over for SM but unfortunately the clock is ticking. Please DYR ....GLA....LTH.
It has been mentioned in the last hour on CNBC that a record of nearly 150billion dollars in corporate bonds was sold last week. The highest weekly volume on record.
Lets hope this bodes well for SM
LTH GLA.
Any genuine long term holder should be very satisfied with the St2 finance deal announced this morning. We are now fully funded with contingency. The end goal and true value of this company is a fully funded build. Personally, if we can keep the future share count to 9billion or slightly less, I will be happy. The short term share price may fluctuate, but over a short period of time, this will stabilise with the addition of major institutional investors. Personally, I think CF has done a remarkable job in raising such a massive amount of finance. I will be happy to add to my holding in the next week or so. N.B. A very good and well received post from Sheps8. As always DYOR
I have just sold 40,000 shares from my Halifax account and bought them back immediately through my IG isa account. There may be a number of other shares that are been sold and re-purchased like this. It may show as a sale. GLA.
My gut feeling is that Gina R may dip her hand in her pocket and offer some of the $4 -600m required for either or portion of the company or for a % of future sales. Hopefully the BOD have other options on the table, with possible share dilution a last resort.
Just an opinion of a patient sirius investor who has faith in our BOD......GLA.
Navara........What a stupid comment.
These clickbait articles from motley fool shouldn't affect the share price, but it may shake a small number of nervous investors into selling their shares in the next few days.
This share is a long term investment.(a minimum of 5 years)Sorry to sound like a ramper, but I am convinced that the companies fundamentals are excellent, even with the possibility of some share dilution in the near future.
Motley Fool will bring out another article in the next few days stating the complete opposite to this drivel.
Just clickbait crap.
LTH GLA.
No signs of John25, Skier1 or Kirkgate this morning.
Just Trolls who have a perverse wish to see this great venture fail.
LTH
Morning All
60% SM....40% Shell B
LTH.....GLA.
I have just seen a trade for 729k SM shares on the cnbc ticker at 11.22am. Much larger than normal. Hopefully a purchase order.
Nokesa.......could you please refrain from telling us about down days. It is a tad irritating at 8.30am
Regarding our potential $4 - $600 million shortfall do you think the BOD may consider another Gina Rinehart like royalty deal, but on less generous terms as hers. Maybe 5% of future revenue for a certain time frame for the $5 or $600 million we may require. We would lose 10% future revenue, but we would avoid further share dilution, and hopefully have a fully funded mine. Just thinking out aloud. GLA. LTH.
I live in East Hull and hope my investment will give me decent dividends in the future and also good paper profits. I appreciate what Sirius could do for the economy of Scarboro and its surrounding areas including Teesside. Well paid jobs and the prosperity that comes with it. Nice first post Jingles66. Keeping the faith.( long suffering Hull City season ticket holder)
Chris France......Am i the only one wondering why you are so desperate to see the S.M project fail.
Whilst it is always disappointing to see the S.M share price fall, and to watch paper profits slide, sit back and ask yourself why am i invested in sirius minerals, and has anything changed since the september announcement. False whispers of possible stage 2 setbacks or impending disasters are scaring off a number of the more nervous investors. Like Paa said, in times like these, it is sometimes advisable to sit back or switch off the computer and focus on other things. To me the S.M fundamentals look extremely compelling, and is still on target for 2021 for the first poly4. Great post from sheps. G.L.A.
Hello Myosotis
I am one of the sirius investors who reads the posts,but do not contribute. I have been invested in Sirius since 2013 and have a fairly modest 150,000 share in this company, most of which are held in an Isa. Like most people I was disappointed with the $ 400-600mil cost over run mentioned in september, but have great faith in our BOD's. If there is some dilution, so be it. Hopefully our last resort. Completion of the mine on the revised budget is our end goal. The build progress in 2018 has been phenomenal and we can look forward to state two finance completion early next year. I am a long term investor who will not sell a single share, I may add a few if the share price stays under 30p. Keep up the good work Myosotis. I for one appreciate the effort you make, I also appreciate the efforts of other members of this board. Keep the faith and we can look forward to a business that will do wonders for the local economy, as well as give us Sirius holders great capital appreciation in the future.