Member Info for Cherokee101

You aren't telling us something new here. The BoD are clearly up against it, but it is still on until the fat lady sings.

The key for me, don't invest what you cannot afford to lose. If this works and reaches £2 over the next 10 years, then I can pay off my mortgage. (Small house).

If it goes belly up, then I will still have my house.

Eggs. Basket. Etc.

SL I, like many others, in our guts know that the 400-600 will require dilution of some kind. That being said, 3 of the 4 options to get the 3bn pile are tantamount to dilution anyway. So your point is moot. But, those options are nontheless, still on the table. We could in theory, still have ADM and Gina pitch in and help us out. After all, Gina is still calling us her strategic partner on her website (hint?). Until such time we get the dreaded "additional shares" RNS, we can do away with the speculating.

GK, PAAA, Thank you both for clarifying parts of the capital raising process. It might be an all or nothing raise, but surely, if they have managed any ounce of progress on this, it should be reported to investors. Because, again, it disadvantages us plebs who aren't privy to the insiders. Because I bet my bottom dollar that Billy Banker will understand if and when stage 2 is likely to happen - and fill his boots whilst Fraser says "we're still negotiating". He can claim to be negotiating until the day of judgement, but in actuality, progress is being made. Negotiating could mean "the banker is deciding whether he signs with a gold pen, or plantium pen". At this point, whilst broadly speculating, I would say we are close to signing off the package, but there is a hump in the road. We should rightfully get clarity on that hump: 1. IPA -what is happening there?? 2. The additional capital raise... we must know the structure by now??? Is there even a whiff of a strategic partner??? Tell us. I can take dilution, I just cant take TS' stupid smile. 3. Gina Rhinehart, do you recall handing us a couple of quid... are you going for a reverse takeover??? 4. ADM, step up, step right up So many questions... all quiet on the Western Front.

Alan is one of those who believes if we shout it loud enough, it may just become reality.

That timeline suggests to me we will go into Q2. That possibility has already been raised by CF.

For those saying the company would rather release all the information together, as opposed to piecemeal, may not fully appreciate the LSE regs on this.

If a company has price sensitive information, it is legally bound to release an RNS.

Companies cannot legally wait until it suits them. That encourages insider trading by the employees and promotes unfair advantages over Joe Public.

It is a rather dull prospect I know, but timing has never been our BoD's thing. This will go into Q2 IMO. But I do believe it will eventually be sorted.

Casa, You say that fund managers make their money through fees, not capital appreciation. Capital appreciation = larger take home fees.

For those saying this doesn't mean anything, I would just say thay large funds, and managers with connections and expensive systems, will know a lot more than us. Further, those same managers are probably related to, or friendly with the people putting together our finance package. Because those syndicates need the money managers. Let us not kid ourselves, insider trading happens all the time. It is difficult to prove and so the big boys get away with it all the time. The amount of insider trading that happened last year on this share was unbelievable, and I bet not one of those people talking about it openly on social media has been prosecuted. So stay vigilant, and when big ships move, take note.

Jimmy Actually, investors and traders alike can deduce a future price from past information. Purely on speculation, the share price hit into the 40s at one point (and 55p intraday if I recall correctly). If stage 2 is actually signed off with minimal dilution, greed would takeover and you'll be close to 80-100p a share. Which is still way below NPV of 220p.

Myo, If you don't mind, what's the most you've ever made from a share, and which one in particular? In percentage terms. Thank you, and appreciated.

Stanley,

Who is Tony? And what rumours are circulating.

Don't be shy.

If there was a stage 2 confirmation leak the shares would be +20% at least.

On a whiff of a bit more dilution the shares were down 7% in a day I recall.

Yes, yes, yes. But can blindfolded monkeys beat the best managers over a full cycle. The "500 percenters"?. I think not.

SL, How does the issuance of extra shares, shore up our balance sheet? Ta.

If you don't mind me asking, are you retired? Thanks Cherokee

The company has recently excelled at construction and poly4 updates, I absolutely agree.

Some areas are lacking though and it can be a leaky ship.

First poly is when they break through the seam. Landmark moment.

Myo, I called it a debacle (maybe too harsh?) Not directed at our BoD, just a general comment. The planning lot are most to blame for this toing and froing This debate has been going on for a few years now, with initial boundaries being laid out, then proposals brought in to change them. Even this finalised agreement is on the proviso of further consultation with both companies. INEOS want us to include "permanently sterilise" in the agreement, so they can conduct extensive fracking. We want "not adversely affect" -which makes sense and I hope we stick to that.

To change the subject slightly, did anyone see the shale debacle unfold with INEOS?

Apparently we have now agreed (as of January) new boundaries for shale vs potash and where they can do their fracking. It is acknowledged that Poly4 areas could be damaged, but this was part of a fracking ring fence originally.

Any smart folk know the potential implications for us long term? I assume it won't affect life of mine as we are only operating in like a tenth of the potential area?

Myo's "insights" and "research" are superb.

But his "advice" on buy, hold and sell is quite frankly, meaningless at this juncture. As is anyone else's advice.

Fred,

Is anyone actually arguing against progress of the build or product? (Or even ToPs).

The absolute crux, is that we keep missing stage 2 deadlines. CF would have been better kicking the can last year.

I am sure we will get a deal on the table, but most in this forum (some far cleverer than I), have noted the massive combinations of that stage 2 package. Many of those combinations will result in dilution for LTHs.

I for one, have been invested for 3 years now and just made a loss (avg entry price 22p). So, thus far, I would have been better in cash.

However, I told myself at the start, it is a 10 year game, so 7 years left for me.... or 1 more quarter if we run out of cash and ADM and Gina go halves on our cheap ass shares and wipe us out.

No, I was alluding to the fact that even the largest companies in history can come up against problems and not everything is as it seems, all of the time. **** happens and nothing is certain until the cat is in the bag. So Alan stating things in certainties, is unhelpful at best - unless he has inside information. SXX was on time and on budget... until it wasn't.