Member Info for Cherokee101

Do any of you keen folk know what our current subsidiaries are engaged in? 1. Dakota salts 2. Aus Potash 3. Adavale Holdings 4. Derby Salt 5. York Potash (Poly4 I presume) Why do we need all those companies, why the complex set up? Cheers Cherokee

I think it is unfair to say the positive posters are blindly following the BoD off a cliff. The BoD have successfully de-risked the project to date, with bumps along the way. If this was a certain freebie, the price would be £2 already!! We all know there are risks, so what is the point in shouting from the roof tops? If you have a genuine concern, then let us discuss it and try to iron out wrinkles. If you are still worried after discussion, then maybe put your money into blue chips and collect the divi. Stay away from high risk stocks.

Amazon fell 6% yesterday.

Sometimes I wonder if people on here know how stock markets work. Pull your heads out (you know who you are).

This is a stellar project and the Share Price will either be higher in 2 years, or the project collapses.

Buy or sell, just stop trying to integrate global market corrections into SXX. The largest sellers of this share are FTSE 250 tracker funds through IShares and Vanguard. That is broad brush selling - not stock specific.

Fools of Tooks.

I respectfully disagree.

I think it was either Paaa or Myo who said the BOD could have pushed the potential for equity dilution alongisde additional ToPs and the reaction would have been more muted.

Whilst further dilution is a disappointment, investors must be prudent and sleep with one eye open. I always believed there may have been more to come, because there are no freebies in life.

The whole "trust in the BoD" thing is probably misplaces. I think it has been said a couple of times too, the sheer number of third parties involved here, and noses being put out of joint tells me sabotage might be on the menu.

We are on the verge of revolutionising the potash market. Without sounding like a wacko nut job, SXX has the potential to be the Apple of the Potash world.

A few weeks ago and people were saying equity dilution was priced in.

Nothing has chnaged since then. At current levels, which, exlcuding a leak, are nothing more than weak markets (which impacts higher beta, lower cash flow stocks more).

The SP at today's close puts us a few years back im terms of progress and is almost a binary call now (100% upside on stage 2, and wipe out if the project gets pulled).

But in my opinion, this is miles from wipeout - social media gives the impression of vast progression. The vertical shaft drill was plastered all over facebook today. That is a statement to the world. We are here to drill. *****.

The share prices literally means nothing for the next 6 months. Sell or grab your balls and hold on tight
.

Bloomberg tells me the largest sellers are Blackrock and Capital group today. Through a variety of funds. A couple of them are tracker funds, so it looks like a broad rebalancing.

My two cents is a regime change. US 10 year going up has caused everyone to think about risk. Why accept an equity with a dividend of 4% vs risk free gov bonds giving 3.2%.

Same for SXX. A zero cash flow company, (with massive prospects) vs guaranteed risk free income above a psychological benchmark of 3%.

Some of the people making predictions on today's price are unreal. Barring a leak, this is just noise. 250 was down almost 1% earlier. All share is down nearly 4% in as many days. The US 10 year yield has spooked the equity markets, but it is a text book correction and a shallower repeat of what happened in January of this year. I will repeat, barring a black swan event, you would top up every day of the week if you have the cash.

Maybe... watch the US 10 year.

"But go back in time a little, his early years we filled with buying businesses that were on the brink for cheap, turning them around, and spinning them off for a healthy profit." Buffett got rich through his career first. He was pulling 100k+ in today's money, through his day job in his 20's and had 1.5m in the bank, in cash. Then he started to look for cheap stocks. He didn't gamble to get rich. This is the same dude who these days still only spends when the markets go up. You cannot buy that sort of prudence and frugality. When he did invest, he never invested wrecklessly - his number 1 rule was protect on the downside. Ie. Ensure the businesses you are in are well capitalised. If the business is going to the wall, does it have assets above its market cap value? (I.e. trading below book value) etc etc. This is also the reason why SXX is not a MM stock, it doesn't have cash flow (yet). When it does, then yes I am sure Buffett will buy in. But seriously, all I was saying is, it's a dangerous game to bet your house on a single stock. Some of you have your entire pensions in this apparently. Of course if everything goes to plan, over a long enough time frame, you may make triple your money (over 10 years?).

Warren Buffett was a value investor, not a gambler. He rarely ploughed his entire wealth into a single company. And if he did put a shed full into one stock, he assessed the downside risk, and ensured a sound balance sheet and stable cash flows (neither of which SXX has today).

God I hope not, Nat Rothschild made a right hash of one mining venture already.

Myo, You noted with your finger im the air that if we the package is delayed we would hover around the 30p mark? Judging on how bath water and baby some of the PIs are I would welcome a 30p floor on that sort of news. I reckon mid 20's at best. I agree with your upside however - complete package probably means 40-45p bumper to bumper as bonds get converted. I think there will be extra surprises though, in a good way. CF is a magician. On another note, do you rate TS? Cheers Cherokee

Good luck Jesse. My comment is really aimed at those who deramp, I couldn't care less. As the Buddhist's say, attachment leads to suffering. Whether it's women or money. Diversify. Unless you're married... then just be nice.

I have said this before.

If you haven't got your life's savings in this beauty, then sit back and enjoy the ride.

If you are invested up to your neck, then I sincerely advise taking a long look in the mirror.

This is a wonderful project, but with a lot of risk (duh! Hence the share price). Those who come on here saying it's going to zero... well if that comes true, and you don't have every egg in it, then it doesn't matter.

If the company goes under, I will be sad on a nationalist level, but I will sleep easy.

Ah no.... ignore me.

This may have already been noted, but Guangzhou is actually a subsidiary of Johnson & Johnson. That is massive news!!!!!

Ah a fellow North Walian (North Welshian, Wales... shrug)

Everything is as we expected, all "surprises" thrown out in the open way before this. Only request I have is for someone who is more finance savvy to have a look through the balance sheet. Opex seems to be in line with increased operations... someone with a magnifying glass please let me know what you think. Cheers.

The absolute worst thing about the FT article is McCrum calling Polyhalite a novel product, like something out of a christmas cracker. Or something that Fraser sh@t out in the crapper one night. An ancient, naturally occurring, organic compound that has proven worth through hundreds of crop trials. Not to mention McCrum's bosses at ICL have pledged to ramp up production. Disingenuous hamster

There is so much talk of top slicing here and near term outcomes.

My guess is the demographic of PIs is having a huge bearing on timeframes here.

A wild guess, but most of you are retired? (65+)
That implies a 15 year view on avg. Life expectancy.

Let's say you wish to enjoy your profits, so that means leaving a 5 year runway. So sell at 75.

Guys, you have at least 10 years, stop timing markets. Eyes off the price. Only look at the fundamentals and top up on weakness.