Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Completed my assessment on where the share price will be in 2023, as I do about six times a year.
Guess what?
Its the same as it was last year and the year before that.
Anyone else come up with the same figure?
Cheers.
Camp.
Tick-tock tick-tock.
Hey Andy......as you have declared you have now sold your core holding @100%+.
So why not pump your CGT bill into Sxx soon, until your bill arrives next year, should get you a nice clump of shares.
No risk,win,win whatever happens for you.
Cheers.
Camp.
Tick-tock tick-tock.
Shareholder value, following an all familiar pattern, trashed yet again, don’t blame PIs for questioning this situation nor blame outside dark forces this is solely a BoD foul up.
*******
Pray tell me Ru Sirius, what are you going to do about it?
Procrastinate for the next 6 months.
Cheers.
Camp.
Tick-tock tick-tock.
https://tinyurl.com/y8zsabdj
Don't think so.
Read the trend.
Cheers.
Camp.
Tick-tock tick-tock.
Andy & the Bleeding hearts, give it a rest.
You personally came out of this with over 100% profit in approx two years of holding, am I correct?
All you bleeding hearts that are nursing him, just fuel the discontent of him and others like him.
Yes I have empathy for some that have now sold and made a loss for whatever reason. But is is their decision to sell and they have.
Some discontents here would not be happy if they won the lottery.
Can someone please tell me why the change in MTS?
Can someone tell me why we the shareholders were not told earlier?
Leaks in the stock market....heaven forbid!
Cheers.
Camp.
Tick-tock tick-tock.
Sirius Minerals’ (SXX) promises have always been big, but no one ever promised that building a first-of-its-kind polyhalite mine would be plain sailing. This week, shares in the prospective miner pulled back sharply after investors learned that capital expenditure requirements would be $400m-$600m (£309m-£463m) higher than previously forecast.
SXX:LSE
Sirius Minerals PLC
1mth
Today change
-3.59% Price (GBP)
26.32
The company said that after consulting with newly appointed contractor STRABAG, it had decided to increase the diameter of the 37km tunnel between the Woodsmith mine and a processing plant on Teesside. The tunnel will also now be drilled at a slower pace.
There was more bad news. The completion of second stage financing from banks – and potentially the UK government – has also been pushed back from late 2018 to the first quarter of 2019. And to compound matters, Sirius has delayed the timing of its long-term ramp-up by a year. Within a day of the announcement, the group’s shares had dropped 16 per cent.
In rising costs, investors have a good reason to fear a potential hit to equity. Sirius does not plan to seek more than $3bn in senior debt in its second stage financing, leaving a $0.5bn shortfall in capital needed to get the Woodsmith mine to first production.
That could come from any one (or a mixture) of four sources, says Sirius. Two options – the addition of a strategic partner at the asset or project level, or a capital markets fundraising via a convertible note or share sale – are dilutive to equity holders. Two others – completion support from potential stakeholders or financial investors, or the use of subordinated debt and leasing providers – are not, although clearly come at a cost that was not foreseen a week ago.
The capital update wasn’t entirely negative. Pending due diligence, Sirius has received responses from potential lenders “which support a commercial debt tranche of approximately $1.5bn”. More than 3Mtpa of binding offtake agreements are about to be signed with Brazilian and European buyers, and design and build contracts for the mineral transport system drives have now been signed. We are also told that forecasts for first stage production operating costs have been reduced by 10 per cent, thanks to lower port storage and loading and materials handling cost estimates.
IC View
Shore Capital, which helped to underwrite first stage financing, concluded that “on balance, we were quite encouraged” by the update. Clearly, some areas have been de-risked. Elsewhere, uncertainty has risen. Brokerage Liberum has modelled a fall in Sirius’s net present value of up to 30 per cent, or down from 108p a share to between 75p and 100p, depending on the financing solutions available to Sirius. That would still leave our long-term buy call (23p, 25 Jan 2018) in the money. Buy at 27p.
Last IC View: Buy, 33.8p, 20 Jul 2018
Cheers.
Camp.
Tick-tock tick-tock.
I understand that the MTS wall thickness would need to increase if the tunnel diameter is increased but what is the purpose of this enlargement? Are we going to have a bigger/wider conveyor belt system or do we need additional room for maintenance, was it a complete miscalculation? Can anyone illuminate me please :-)
******
Maybe after discussions on this very board regarding 20mil tonnes Per Annum passing thru, someone had a rethink. :0)
Cheers.
Camp.
Tick-tock tick-tock.
30p.......be prepared.
AIMVHO.
Cheers.
Camp.
Tick-tock tick-tock.
But I still love her deep down.
******
Sounds like it!
Calling her a dog on here will not win her back for starters.
Wait till you see her with her make up on out on the town, someone will soon take her on. ;)
Cheers.
Camp.
Tick-tock tick-tock.
Andy you are now free....the divorce has seen you come out of it quite well.
Do not get married to Sxx again.....it will end in tears.
You have been warned even though the picture is quite clearer now.
Cheers.
Camp.
Tick-tock tick-tock.
Andygolf....
Furthermore greedy bankers. Help inflate the share price by buying in and making it artificially rocket, and we will give you notice that we are about to issue bad news. Sell, open your shorts and watch the money roll in. DgR. I am just sick of how the money men will screw is over. It’s nothing to do with the sxx project. I still in love with that project. It’s the underhand way that the common working man is ripped off. Time and time again.
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Cheer up....was it never thus.
https://www.youtube.com/watch?v=nxpZkKKbDgA
Cheers.
Camp.
Tick-tock tick-tock.
Irrespective of how many shares you hold, if you bought them 1 year ago by COB at the end of this week you will still be showing circa a 10% return on capital. (If you sell)
Not good by many peoples standards, however, verry acceptable under the circumstances, maybe brilliant to others.
Keep things in perspective when it comes to affecting your life,expectations and money.
Cheers.
Camp.
Tick-tock tick-tock.
John2015.
Do you think investing is for you?
Re-read your posts from this morning and digest them.
Your latest post...
Yes ! Realise it will come good eventually ? YES ! Been here before ? Yes too often.
Then you know the score are you in or out?
Do you think you are the only one nursing paper loss today, particularly early doors?
Man up.
Sorry if harsh, but that's the way it is with many shares.
You now need to conserve some cash to be prepared for a call around March 2019, this mine will be built.
The ducks are now lined up and you know what lies ahead.....but risks have been removed today.
Do I like dilution? silly question, but we may be lucky.
AIMVHO.
Cheers.
Camp.
Tick-tock tick-tock.
Yup that is why I asked....first time i had that problem for any length of time.
Chilling now....half expected some sort of fluffy news, after digestion happy to see what plays out.
I think we may be a last resort for a call,however, knowing CF he will have something else up his sleeve.
Hope you are keeping well & fit.
Cheers.
Camp.
Tick-tock tick-tock.
How's was your DMA this morning?
IG I guess.
Cheers.
Camp.
Tick-tock tick-tock.
Was this not what we were told in a RNS.
When it happens all hell breaks loose on this board.
For the insecure guys on here, please don't respond to the new arrivals at times like this. I have noticed today very few LTH's doing so, however I also recognise a few of the regular posters though still interacting.
What do you gain by doing this?
Cheers.
Camp.
Tick-tock tick-tock.
Why they bother responding to share bashers/derampers on this board?
No bu****e about 'I do not want them to scare people out of their shares' either, that is all part of your own insecurities and tells us more about you than them.
If anyone sells on message board info, they should not be buying shares in the first place.
So lets cut the carp, ignore the (bashers) reply only if you are insecure of your own decision to hold.
You know who you are!
AIMHO.
Cheers.
Camp.
Tick-tock tick-tock.
There's one biggie in, a few more to come IMO.
Cheers.
Camp.
Tick-tock tick-tock.
Nice bit of action today.....about time.
Volumes should rise significantly this week....
If you are buying, take care....just before the bottom is fine.
Those not trading this is a Hold for news....not a panic senario.
AIMVHO.
Cheers.
Camp.
Tick-tock tick-tock.
Mr.dt FYI
Sneaton Low Moor was the centre of a decoy city for Middlesbrough. (a QL site)
This was a prized petro chem target for the Germans and was on the flightpath from German bases.
From the air it appeared to be the target and took full loads from the bombers saving Boro and our petro industry during the war.
This is just a few miles from Doves Nest centred around where SM6 was drilled.
For those interested a few links.
http://www.pastscape.org.uk/hob.aspx?hob_id=1345990&sort=4&search=all&criteria=humberston&rational=q&recordsperpage=60
http://mapservices.historicengland.org.uk/printwebservicehle/StatutoryPrint.svc/16639/HLE_A4L_NoGrade%7CHLE_A3L_NoGrade.pdf
https://historicengland.org.uk/listing/the-list/list-entry/1019757
http://www.dailymail.co.uk/news/article-2286276/Extraordinary-story-WW2s-Starfish-Sites-designed-look-like-burning-cities-saved-2-500-lives.html
Cheers.
Camp.
Tick-tock tick-tock.