The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Looks like its going to be a great day here chaps, plenty going on and talks well underway for a partner. I would think we should get an RNS next week giving us the terms agreed and this share should rocket to around 27p. "Brexit wake up wake up" Sorry about that I was dreaming and I have been woken up to the same old shite as every other day; promise, untruths and jam tomorrow!!!!!!!!!
Maybe nothing new to you but maybe for others thinking of investing. Just trying to be helpful.
Sirius Minerals are building the first deep mine in the UK for over 40 years. The mine will extract polyhalite mineral which is sold as a multi-nutrient fertilizer. The project consists of two deep shafts, a 36km underground mineral transport system and new handling and export facilities on Teesside.
Sirius Minerals Plc is a FTSE listed company focussed on the development of its polyhalite mining project near Whitby, North Yorkshire. The polyhalite resource of 2.66 billion tonnes, as defined according to the JORC code, represents seven per cent of the Project’s area of interest. Polyhalite will be extracted via two deep mine shafts and transported outside of the North York Moors National Park to Teesside on a conveyer belt system in an underground tunnel. It will then be granulated at a materials handling facility, with the majority being exported to overseas markets. The Company is aiming to achieve first product from the mine by the end of 2021, ramping up to an initial production capacity of 10 million tonnes per annum (Mtpa) and then full production of 20 Mtpa. Construction is already underway across the multiple project sites and once in operation the mine and facilities will employ over 1000 people. "The Mining Institute October 18 2018"
The plan is to ship the first POLY4 fertiliser in 2021. The product has required a significant marketing effort to generate orders to ensure Woodsmith is financially viable. Recently Sirius signed its largest supply agreement to date – for 2.5mln tonnes per year – for key markets in South America. This has taken total contract volumes to 8.2mln tonnes a year. "The announcement of our largest supply agreement to date with Cibra, Brazil's sixth largest fertilizer distributor, has enabled us to exceed the target peak aggregate POLY4 take-or-pay volumes intended to support stage-two financing and further agreements are expected to be completed soon,” said managing director Chris Fraser. (Proactiveinvestors Sep 27 2018)
Hopefully today was the last of the drops. Should see a steady rise now until news in a couple of weeks and then it could fly. Personally I can see this at 38p by end of November, so much so I bought another 20k today. This is a good company with a good product and it will succeed and that success it not too far away, On the research I have carried out and what I know I'm very happy being in.
Funding is the big question. Until we have some real and positive answers I expect it to rise and fall, probably fall back inti the mid 20's by start to mid October.
Jefferies confident on Boohoo update
Jefferies is expected a large jump in second quarter sales from Boohoo (BOOH) despite the online fashion retailer moving warehouses and investing in service and marketing.
Analyst Caroline Gulliver retained her ‘buy’ recommendation and target price of 280p on the shares.
She is expecting second quarter sales to rise 36% ‘despite some planned disruption’ from warehouse moves and ‘continued investment in service and marketing to underpin longer-term multi-brand, international growth’.
Gulliver said the company was on track to hit its 2019 guided numbers and she considers ‘Boohoo to be very well placed for a profitable key Christmas trading period to come’.
The problem first started with VAL some years ago when the share price went up considerably over a few weeks and all us lot were doing very well. When suddenly, from out of the blue, VAL issued an RNS stating " we no of no reason for the rise in the share price". From that day on the share price went from bad to worse. I personally lost 20k, the total for all PI's must have been millions. There was no need for such an RNS other than to bring the share price down. Now I have a theory for then doing that but, I let you come to your own conclusions.
Well its been another bloody good week! We have had some great news and only seen our share drop by a few percent and on top of that news of a partnership could be with us at any time now. By the way, great time to buy. Have a wonderful weekend and look forward to next week and what it might bring. Forgot to say, thanks to our board members for their hard work this week, keep it up chaps.