Member Info for Cherokee101

York Potash originally started the Woodsmith mine project. All contracts were signed in York's name, so this isn't unsual.

Recall that SXX bought York in 2017. As Fraser founded York Potash, he got a seat at the BoD for SXX and later made CEO.

Anyone heard from Myo or GK?

I'm guessing they have both packed up.

For everyone asking about the price stability at the offer price. That's how every bid situation works! The market matches the valuation of the offer because otherwise arbitrage would take place.

This will likely be the work of Quant and hedge funds (80% of all market trades are now quants).

So until new news comes along this will be the price.

Always had a feeling we would get our pants dropped and asked to grab the soap... but I didn't think they'd take us round the back at dawn and pull the trigger.

Yes. The only thing of note that we are doing is the TBM.

Everything is on hold until we raise the finance.

Is anyone in a rush here? Relax... think of this as a long term bond of at least 10 years. The price between now and 2030 is irrelevant.

Unless we go under...

"all we need is to get the funding issue sorted" JR

... and build the mine.

A leak about impending failure or major dilution would knock this baby lower than 6%.

Say what you want about Fraser, but wheeler dealer he is not.

Read all you can about Fortescue, and his days at Rothschild et al.

A positive RNS overall, with the company doing the obvious and what some of us said (secure the shaft, then raise the rest.... god knows why they didnt do that originally).

But the sticking point in my mind is the "phased conveyor capacity" - yes, granted we can save $100m, but this phrase caught my attention - thry want to increase from 6.5m to 13.5m tonnes "quickly" ... with their optimised construction conveyor.

I really hope this doesn't bite us in 5 years time... "ohhhh bugger... you know that construction MTS conveyor which we used to save costs instead of installing the shiny new one?... well it turns out it can't carry 13.5m tonnes........"

KOH,

Don't expect anything less from a forum... what's the saying? Extremists are the most vocal and moderates fall by the wayside... something like that.

ADFVN think this is the worst share in the world and an out and out scam, thought up in the bellies of those seeking to rid the poor North of their hard earned cash.

LSE thinks Chris Fraser is the second coming.

If it was shown that the company was deliberately ran into the ground for vultures, major shareholders would raise a legal case, which could delay the process by years. Some major players have a lot to lose as it stands.

In terms of what financing routes we have left, well we need a strat partner or two to raise £500m in conjunction with an equity raise (easy).

Then go back to the bond markets for the rest.

The acquifier is the stickler here, nothing more.

Chins up. Stiff lips. Look through the mist.

1. You don't know who Muntajat are do you? They are State owned and often do joint ventures with the QSWF

So yes, they are linked.

2. People still booking flights with Thomas Cook, is really not the same as entering into a multi year business contract.

Consumers don't read balance sheets, and confidence often peaks before a recession (check the charts).

Pull the other one fella. Case closed.

Your view makes sense for Norges... but the Qataris are a different kettle.

1. They invested at 15p... and are still holding (weird for an institution)
2. They signed a ToP... with the knowledge we are going bust?
3. They have been seen on site

Shrug.

If there is no update, then their discussions and meetings are ongoing.

What do people want??

RNS "still discussing... sorry... brb"

Istock

You have spent all your time on aston Martin, metrobank and here.

I might sell SXX just on that...

Use my brain?

What good news are you expecting for current shareholders?
Strat partner = dilution
Equity raise = dilution
Rescue package for no equity = cloud cuckoo land
Takeover = game over (even adjusting for the £900m of tangible assets on the balance sheet)

So c'mon brainbox. Enlighten me. Oh sage.

"no RNS by end Oct only mean GOOD things been cooked in the background" istock

What on Earth has led you to that conclusion?

Allottment of shares (creation of shares) is usually for a BoD member or entity which doesn't get named until annual reports.

Skier,

History favours the optimist. With that in mind, what stocks will be going up next year?

Thanks for the tip, oh wise sage. Wise beyond your young years.

PAAA brought this up last time.

When I asked for citation you again made something up in regards to an October announcement.

This is what Fraser said "I'm hopeful that by the end of the October we're in a position where the strategic review will have reached a series of outcomes that we can then start talking about"

It's the most airt fairy non committal sentence in the history of such things.

It also confirms how human beings have the propensity to take things way out of context. What do you want Chris to say?

Halloween RNS
"We are still discussing options. We may have something by year end... we are hopeful, because history favours the optimist and if we weren't we would simply pack up our sh*t and go back down under".

"CF made the commitment" - Chilting

Please elaborate on this? Preferablt with citation.