Member Info for Cherokee101

That's pretty cheap.

Good advice costs thousands. JPM's broker stuff can cost 100k per annum.

Avocet,

Further to my comments, I quote Proactive:

"JPMorgan revealed that stage 2 financing is still targeted for completion by year-end and the company is working hard to lock in remaining procurement items and additional off-take contracts over the next couple of quarters."

That was announced by JPM in May. So a couple of quarters takes us to year end for Stage 2.

If Stage 2 isn't in the bag by Xmas, then and only then I'd be worrying.

This Company has been very straight with guidance.

Cherokee

Avocet,

I thought the company said they are aiming to get finances in order by year end. If that is the case, why so you think we should have stage 2 sorted by now?

Why are people concerned about the share price trending down?

It really doesn't matter. As I said before, review the fundamentals check list;

Nobody has left, construction is ongoing, ToPs are pretty much in the bag, Poly4 trials continue to impress.

Most institutions cannot hold a company without cash flow (I know because I work for one). Hence why this is backed by PIs... some of whom panic with no news and some of whom are actually day traders.

RE: further dilution I know it sucks to be diluted, but that's what capital markets are there for - fund raising in exchange for shares. There is no other reason for a company to go public other than raising big fat funds.

Currency is usually factored on historic averages. Pricing a deal on today's FX rate is not a great strategy.

Schedule has slipped??? Finances to be in order by year end according to the Company.. So what's the problem? If there was a problem with finances that is massively "price sensitive" and must be RNSd. Likewise, if the company was behind schedule, that is arguably "price sensitive" and should be RNSd. Cherokee

Foster Why are you getting worried? In the markets, no news is also good news. In addition to my worry checklist, one should also check insider activity... any directors selling shares? Nope. Are people still being employed by SXX in construction positions? (And others) Yup. Chill. Cherokee.

If you are a long term holder, see my earlier post. Ignore the downturns, news will come when it comes. If you are bored of waiting, go for a walk or become a day trader. My hunch is that some bonds have been converted, and we need to swallow that medicine at various intervals until the call date.

Milo I read a very interesting piece on the cycle - the 10 year bull market scenario is a fallacy. There have been numerous bear markets along the way (Euro Crisis, Us High Yield Crisis, EM 2015 currency crisis, Brexit etc). My point is, the real cycle looks to bave begun at 2015 (this is when inflation, rates ans profits materially picked up in the traditional start of the cycle trends). Best guess is that recession will not occur prior to 2020. Even though markets are at record highs. Why? Because markers being at record highs does not mean anything out of context. Most companies are reporting record profits! That is the most fundamental barometer. Satellite factors: 1. House prices ex major cities.... stable 2. Inflation... no demand pull, only cost push 3. Output gap has only just narrowed 4. Productivity... stable 5. Monetary policy.... supportive 6. Consumer confidence.... strong in most countries 7. Savings ratios... factor in low interest rates and the ratio makes sense 8. Debt levels... high but servicable You need a catalyst to end a bull market (something from the above list needs to go POP) - They never die of old age. Ever.

I was going to be that blunt... Essentially, if you do bugger up your retirement, "could you live with the consequences?" I guess that is the real crux...

Hi Fred, I like to go off downside scenario testing. Always ask yourself these questions prior to investment and top ups (and remove emotion) and assess the impact on your life style; 1. If i were to lose my last top up amount entirely 2. If I were to lose 50% of my investment 3. If I were to lose my entire investment If you are putting money aside that you "can" lose and not bat an eye lid (or have a little cry), then the above doesn't "really" matter. If however, you are investing with money that if lost, might put your retirement down the toilet, you have to cross all t's and dot all i's. But even then, you must ask yourself serious questions. Make no bones about it, SXX is a beautiful beast, but it is not a rags to riches certainty. Suuuuure the mine will probably get built.... suuuure we will get the require ToPs.... but there are always unknowns (over budget, over schedule, Fraser leaves, Fraser dies, competitors awaken, workers get injured.... bla bla blaaaa). With all that said, I am confident in this investment, to the point that 50% of my wealth is in it. BUT, if that went to zero, I could still live off my other 50%. Hope that sort of helps.... Cherokee

It amazes me how many of you are reading things into the share price movements. 9 times of out 10 it is just noise -and the other 10% of the time... well it is almost impossible to know. If you are worried by slight drops (1-4%), get out of the stock market. If you are worried by material drops 5%+ then go to all the SXX media sites and read calmly. Whenever I see a meaningful drop in any price, I test my fundamentals: 1. Management: still there? Still on track to deliver? 2. Project timeline: still on time, on budget? 3. Product: still delivering impressive results? 4. ToPs: still enough time to deliver? 5. Financials: still on target? 6. Competition: still pretty much negligible? If the answer to all of those is yes.... then just enjoy your evening and move on. Cherokee

Was there a follow up with regards to that worker who was seriously injured?

Gov wants UK to be an export super power. https://www.bbc.co.uk/news/uk-45255132

This article is from earliar this year, but gives a different perspective, given it is an Aussie paper. The sentence from Gina about hoping the product will help many Australian farmers is quite telling. I reckon a left field ToP might drop for Oceania in due course. Just a hunch. https://amp.smh.com.au/business/companies/gina-rinehart-backed-sirius-minerals-asks-uk-for-financial-help-20180308-p4z3ev.html Cherokee

Is LL actually a lady though. I am a seal - the internet permits words over reality.

But they are good guides, that's the point. When most investors are on holiday (sell in May and go away) and the bots and algos control the market, it is no surprise that liquidity becomes an issue and prices move. SXX is a company with zero cash flow. Most MMs cannot touch it with a barge pole, withhout jumping through hoops. So if the market is down and there is no news, we are likely to suffer (likely but not certain).

I will say this again, I don't think that "over confident Tweet" about stage 2 being all debt was a fat finger event. The company has this in the bag (as per the many times CF has said so) and if they were not confident they should bloody well say so. Otherwise how can they build trust with the institutions?

I was reading the accident reports for Boulby earlier. Strangely enough, a giant boulder fell onto the mine causing it to collapse. Funny old world.