Member Info for Cherokee101

Is anyone worried about Whitebox upping their short?

Most people seem to think they are the bees' knees when it comes to shorting...

I smell bad times ahead.

Sorry Malkis, I just grabbed your crystal ball.

We are going to get a RNS by Friday, noting us of a great and huge deal to Make Sirius Great Again.

Malkis...

2 RNSs... on what basis?

What utter nonsense, or worse , if it does come true then inside information.

Quite a lot of people are saying that Lloyds is one of the cheapest stocks around.

On what basis? I'm a value investor at heart, but I can't look past the net interest margins here... banks have been terrible for the past 10 years, and they are all scrabbling to fight in the tight pot that is financial advice/ wealth mangement...

So... is it purely for dividends??

Trevor,

Have you ever been part of a share during a hostile bid? They very often go wrong because of the backlash. Major holders group together, and in some cases work to increase share price and reject it.

Not to mention, if the market got whiff of a takeover the share price would rocket.

KOH
You are stating the obvious here. The share price has fallen 90% this year, which means the market is getting ready to hammer the final nail in the coffin.

The company needs someone with deep pockets and vested interest in feeding their population... y know, should you be fighting desertification and depleting oil reserves...

Any ideas?

That deal is dead, but the reason people keep saying 500m, is so we can complete the riskiest part of the project. Then we should go back to the bond market for the remainder when derisked.

We don't need JPM to do that, we only had our tongues up their backside for the RCF... that's the deal that is dead. Not the bond market.

I hold a substantial amount of shares you fool.
Unlike ostriches, I like to assess the situation and provide a balanced view.

Good news = another trade deal, potential for Qataris to invest more

Bad news = we are fast running out of $$ and have yet to hear of the solid alternative funding package.

Because the small question of funding and equity ownership is still in the air.

The Qataris could buy us out and complete the mine for pocket change.

Reduction in NPV to a stupid amount... say even matched for number of shares in issue gives you £1 a share at full production.

£7bn / £7bn = 1.

If we ever get there.

"3.5p to 0p results in 100% gain for short position."

It really isn't as simple as that, you have to take all companies individually.

The magnitude of loss for the shorter is much greater at this level (naked shorts have an infinite loss potential theoretically). So shorting a company when the crowds are pumping it up (when there is no news and no cash) is a near perfect strategy

To naked short when all the bad news has pretty much been priced in (barring bankruptcy, which even at this point is probably less than 25%)... is madness. All the market needs to re-rate the stock is a fraction less of the bad news..we dont even need good news... Fraser could literally say, we are giving away 90% of the co away to Gina and Strat partners. There is 10% between you lot... the stock would rally.

Tactical shorting is completely different and involves buying puts as insurance against declines.

The market is telling you that the company is hanging by its fingers... there isn't much value to short here it will like be range bound until you get significant news... which is now likely to be upside or bust... probably 50/50... that is pure gambling for the shorters.

Shorters typically have access to better information and they are often inside too... so it's an unfair fight. Which means, they will have been snooping around when the share prices rockets... not once it's collapsed... if you can spot exuberence with a chance of failure you can hit the big time.

not just Fraser, Staley's head should be on the block too. Finance director has a lot to answer for here...

Workers are reporting all ahead of schedule. Such a shame if this goes belly up... logic would suggest someone will step in to take this to the next level. Profits to made.

Equity raise to finish the shaft and then go back to the bond markets with a massively derisked project.

Simples.

According to the site workers on facebook the TBM blades got replaced today!

Dilladong

There are a few of us moderates left... not many mind.

The only truth that matters is this. Whatever happens next is going to dilute the **** out of us remaining LTHs. That's what the market is telling us...

Im hanging on because I don't think we will give more than 50% of the co away... and if my own price target is right, at full dilution we could still double our original money. So probably 60p on 50% dilution at full production.

Alternatively, we could actually go under. That's the reality... and I lose thousands of pounds.

Unfortunately, there isn't a lot more to discuss, so you get the dreamers and the derampers filling the void until Fraser gives us another kick in the nuts... in the next 4 weeks.

Wow... so the Times have confirmed what I've been saying... people have been let go! I was treated like the village leper when I said loads of people have been fired.

Where are Sheps and Tonybaby? What do they have to say now... are their head's still in the sand?

Sheps

1. It was Tony Baby who said "but what do i know". I merely quoted him. Re-read my comment.

2. Go and tell your "true sightings" to the gaggle of engineers that have been let go. Perhaps they are fake profiles of North Easterner's who took the time to put on 5 years of false facebook history oj the net just to say they lost their jobs but in the same breath noted that some areas of the mine are full steam ahead.

3. Do you have any pictures of said activity, if not, why should I take your word for it. Same thing really. Also, what do you define as activity?

The problem with this board was first brought to people's attention by superleggera a year ago. Any sniff of bad news and the messenger is not only shot, but hung drawn and quartered.

We are in deep here and there is little sign of good news around the corner. The mine will be built, but I doubt I will still own it. Lucky for me I didn't throw my whole pension in.

"May I suggest your talking b*ll*cks....but what do I know....GLA..." -Tony Baby

Click on the "Sirius Minerals Investor Page" on facebook. Not hard to find you dim witted moron.

Then click 3 comments down and you will see regular contributions from site workers. They have noted what their respective sites are doing.

The fact the TBM lad corroberated the story but said he is going full steam ahead is reassuring.

Spend a bit of time on the internet instead of up your own a55 sometime buddy.

According to the lads who work the site on facebook note the following;

1. Woodsmith is at a standstill
2. Lockwood is slowing down
3. Wilton is full speed ahead

The lads who work the TBM have been told to just keep cracking the whip.

On a down note, rumours have surfaced that a contract to "fill the hole" has been awarded... just in case.

Hold on to your hats and good luck all.