Member Info for Cherokee101

Venture Capital is the riskiest type of investing afterall.

An expensive lesson indeed... and I am in the same boat. I have lost thousands, but if it works then the upside outweighs the downside.

The risk from here is to the shorters. You only short sell obvious stuff, vastly over pumped shares with precarious outcomes. Hence why many shorts opened in the price between 30s and late 20s.

With our major backers and partners, and the massively oversubscribed equity raise, there is appetite for this to come good.

I said this before, but an equity raise of 500m to finish the shaft work to a point of risk reduction and then re tapping bond market makes sense.

"Ok, it's just a thought but.....What do SM have that Boulby don't have right now, but would like?
11+ m of Torps?"

And how about all the mineral rights signed and sealed for a massive project area... when was the last time ICL tried to woo the Yorkshire farmers...

Why would you buy shares and sit on them for years?

What was that guy called again... barren Wuffet?

Compounding is joyous, and even more so when you find an exceptional company that everyone undervalues.

Government guarentee is not the same as funding.

The Tr1 states

1. They have increased their voting rights through actual shares (so bought more shares)

2. They have decreased voting rights through instruments (it looks like some of their big swap positions have expired)

"Aston Martin whose own share price has nosedived since IPO has raised £150m in debt on a 12% bond with the offer of another £100m so maybe the bond market is seeing life again?"-

The difference being of course is that we are pre build. Last time I checked Aston Martins were on the road.

Bond Managers are ridiculously risk averse, we need to progress the shaft sinking with an equity raise or strat partner then go back to the bond markets for the rest.

I agree with your sentiment, but the Government wouldn't hand a penny over unless the project failed. At which point it would step in to cover certain assets in order of rank, so senior bonds then HY bonds, then convertibles etc...

So no pennies and certainly not 3bn.

The government can't be seen to be "spending" or "promising" taxpayers money for anything other than NHS, police, benefits and pensions. And maybe one or two prisons for immigrants.

"NOW, get this - and I really shouldn't be letting this on - but actually when a share price goes down it is because MORE PEOPLE ARE SELLING THE SHARE THAN BUYING IT. "

I know that sounds logical, but it isn't true. If a **************s hands, there has been a buyer and a seller... not more of one over the other... think about it.

What you meant to say was that dealers/market makers will quickly mark down stock to find buyers if there are loads of sell orders.

A seller is matched to a buyer and if there are no buyers the share keeps getting marked down until zero in some cases, which then implies the obvious. No buyer appetite = RIP.

Yeah great, you're a good one for talking about rubbish comparisons to TC and then you throw in Argentina Peso to the mix.

Currencies are all about purchasing power and Britain's has decreased significantly since 2016. Fact.

Scotman

It is all about perception. Your average joe on the streets of wherever don't care for the difference between guarantees and actual pennies.

They care about intentions! Don't you hear the war cries? - more police, more NHS, more more more... who are Sirius Minerals? What is Poly4? Why should we care... I need a job... immigrants!! Etc etc

Guarantee or actual monies. The government care about perception only.

Yes Thomas Cook's business model was failing, but it was most certainly exacerbated by the collapse of the pound and the knock on effect on holdaymakers. So the government's own doing.

Brad,

I happen to work with someone who is related to a Tory MP. He told me that MPs want power first, the way to get that is to appease the masses. Right now the masses want;

1. More money for police
2. More money for healthcare (NHS, mental health facilities)
3. More money for schools
4. Brexit contingency infrastructure (ports, airports and roads)
5. Brexit default fund for SMEs...
6. More money for manufacturing facilities, especially steel
7. Environmental funding for climate change (electric rail, electric car infrastructure, hydro and wind stations)
8. Military equipment upgrade - essential kit for our troops
9. Pensioner protections, increase winter fuel allowance, lock in better pension rates, tax cuts for all

SXX guarantee is so far down the ladder that it isn't funny.

The prime minister is aware of SXX, the previous prime minister was aware of SXX... Northern MPs are all aware of SXX and have raised the point in parliament on more than one occassion.

SXX themselves have gone to the Government with their caps in their hands...

Look around you and smell the bacon. Thomas Cook went to the wall, thousands of jobs down the crapper, a massive company, the essence of British heritage gone in an instance. The government didn't bail them out.

The government are in the throws of a general election campaign, the last thing they want to be seen doing is "wasting tax payers money"... yes you and I know that SXX could be a bastian of British industry - the countries deepest mine, jobs creation and gold for Her Mag's coffers...

But it is a private enterprise. We are engaged with capital markets and the last time the Gov bailed out a massive institution they continue to pay the price (RBS anyone?).

So I say nay, your petition is of little value to us. The BoD are our final hope. I have hope that they will see this through... hope but no expectations...
We shall say as they say.

On ADM -

I contacted them to ask about buying poly4, they said they are still in trial stage but will put me on a waiting list. They said nothing about the potential
For no poly4... perhaps they could be the one.

Nessab

Buying shares doesn't help a company. You only do that by participating in an equity or debt raise. Secondary purchases simply line the pockets of the shareholder.

300k in gold speedy?

Gold is at cycle highs mate, tread carefully.

Very rarely does the market crash when the world's asset allocators are so bearish. (Bull markets don't die of old age).

I said this yesterday, traditional equity dilution cannot happen, there would be very little upside based on the numbers.

We need that original start partner to stump up the cost, take a wedge of future profit and leave us some crumbs.

Bizarrely, laying off workers and devising a strategy will probably make the share price go up. Market likes plans and it likes to save cash in the bank. This will end blue today, but not for the best of reasons.

Tex

I was proving a point to the gloater. Not everyone in Sirius minerals is **** or bust!

Don’t recognise hardly any names here today, time to watch by the roadside.

“Investing is gambling and only gamble what you’re willing to lose.”

What???

Investing isn’t gambling, Lord wept. It should be like watching paint dry.
Buying shares of stable, cash flow positive, sustainable margin growth, low to no debt, high most etc is not gambling.

Sirius minerals, is a gamble now, but it’s a educated gamble. Tops in the bag, proven resource, mine on its way... the gamble is the questionable leadership, and who they are really working for.