Member Info for chilting

The only way to make an objective valuation for SM is to consider where it will be if all goes to plan in five years time - currently it just has a speculative value.

In five years time SM will be in the FTSE100 and it will be a super safe investment starting to pay good dividends and as such it will be in high demand by all - especially the institutions for Pension funds etc.

These sort of investments seem to take on a life of their own with a market cap to match - add in the sentiment, location, community envolvement etc and hopefully a continuation of SM's brillant PR and you have what will fast become a national treasure.

Now that's actually not very objective at all and may be a lot of balls - but it is why I am investing here.

Jupiter have been a great supporter of SM - especially Steve Davies the fund manager of their UK Growth Fund. Their holding in SM is number one in the list of top ten holdings.

I have been looking for ways to increase my holding in SM and have now transfered part of my Standard Life Pension into the fund.

Top Ten Holdings Sirius Minerals 6.7% Experian 5.3% Diageo 4.3% Talk Talk Telecom 4.2% Legal&General 4.2% Lloyds Banking Group 4.0% Merlin Entertainments 3.9% Ferrari 3.9% Manchester United 3.7% WHSmith 3.6% Total 43.6%

From the point of view regarding commercialisation now is a great time to buy.

From the cash point of view I still reckon its 50:50 for dilution before commercialisation and the SP seems to follow that view as well - but hell its worth a punt at this level.

Yet another 885,067 shares purchased today for AB's Charitable Foundation.

Good morning from number 9 - Great start to the week !!!!
Sirius Minerals PLC
15.25
15.19
0.47
3.19%
15.07
15.20
1,583,869
08:19:48

Someone found a link to this site on the SM board - I offer no comment.

http://pumpedordumped.com/rampchecker/rampcheckbytidm.php?search=enq

Brent is strong this morning but is falling back from overnight highs and with WTI challenging $60 ahead of the OPEC meeting we could have an interesting day.

To sum that up the average since April is now probably around 43.5k as a guestimate.

Its interesting that Cairn are saying that Kraken is doing over 50k per day - if this is the case it indicates that the load average per tanker is more than 525k and is probably 550k.

This revises the production since April at initially 42.5k for thee loads followed by 47.5k for the next three - the last load was just 11 days interval accounting for the 50k.

Another load collected from Alma - SS is on her way north again.

A typical happy-clappy article from one of our best loved and respected newspapers.

Hello Burton
Its the same old story I think - only financial, not technology updates have an impact on the SP - I think we have to wait until the cash is in the bank.

As for the IP holding - i woudn't worry about that - if they do sell they are far more likely to sell the whole holding to another insitutional investor - then the SP will probably rise in response.

Its all horses for courses - we are all long term investors with the same asperations.

Also - Alan Aubrey has a 19.96% holding according to Morningstar - he is the CEO of IP.

https://www.bloomberg.com/profile/person/4183569?cic_redirect=true

Hi Burton
I could only find an undated list on Morningstar that states IP have 19.87% - also IP say they have an 18% holding on their website. So take your choice.

tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=5&vw=own&SecurityToken=0P00007YQ0%5D3%5D0%5DE0WWE%24%24ALL&Id=0P00007YQ0&ClientFund=0&CurrencyId=BAS

An update from Proactive Investors.

https://www.proactiveinvestors.co.uk/companies/news/222950/sirius-minerals-capital-raises-have-not-been-positive-for-shareholders-on-a-simple-per-share-basis-so-whats-next-222950.html

ligumvitae
I guess its 50:50 re a fundraise - revenue is growing all the time. Also any funding is likely to come from the US where the company has its manufacturing base. We may even see one of the trading partners taking an investment.

15LIVES
I think it is important to spread the risk but that is only one factor. It you have say four or five growth investments on the go at different stages of development that spreads out profits and losses and helps maintain income when they start to mature.

The aim would be to invest profits from one investment into the next over the long term and especially take advantage to invest just after dilution has occurred. Sometimes the dilution can be far greater than we have seen with SM - I have been down 95% on one investment but have bounced back after investing just after dilution. If you only have one investment you don't have the flexibility to do that.

Investing is always a punt - sometimes it pays of - sometimes it doesn't.

Here is an example -
If you had invested in Ashtead PLC on 1st July 1988 you would have paid 31.88p for each of your shares - since then you would have seen the shares rise and fall with dilution, giving a low of 1.2p and a SP today of £22.54 - your investment would have grown by 6,971%.

The point is that growth shares are very volatile and the only way to play them is for the long term - some will be good - others bad - spread the risk don't put all your eggs in one basket.

As for SM, they might not make the same return as Astead but don't be fooled by the current circumstances, when production starts the SP will soar.

Excellent, that's two bits of good news - I guess without them Brent would have tanked.

Now, I guess we will have the short term volatility promised by Moody's but within a tighter price band.