Member Info for chilting

The man with a moustache may actually be more mad than his boss - good news for oil - bad news for world peace.

Problems !!!!

https://www.bbc.co.uk/news/business-48171561

GK is now heading for her regular hook up at Glen Lyon.

L3

I don't think that it will make any difference if load 36 is transferred in two loads unless NH is delayed - AK must have enough storage capacity to cover the extended period of offload.

We can only speculate as to why GK didn't take a full load but it doesn't seem to be AK related - maybe mechanical?? - maybe weather?? It might become clearer when GK heads for her next destination later today.

The weather is OK.

Its confirmed now that Minerva Atlantica is waiting in Scapa Flo - she has moved to another berth - STS3 - presumably to await NH and the rest of her load of Kraken crude.

GK is due to sail this afternoon - it will be interesting to see where she goes.

Navion Hispanica is travelling at around 13knotts - probably the top speed for the old girl - she is 20 years old - she should be at Kraken by tomorrow evening ready for a first light hook up on Tuesday if not before.

We will have to wait and see if this is a separate load or just a top up load for Minerva Atlantica - the STS with GK has concluded - Minerva Atlantica has no departure time as yet.

The level of dilution is no more than should have been expected for a project of this sort - anyone who invests in early stage growth shares has to expect dilution - it is all part of the risk analysis.

In the long term, as the pot grows by the day, we can all expect a good return - at the moment it is simply - short term pain for long term gain.

As to the Governments guarantee, that was clearly not needed. However, one company doesn't make an industry - we need to attract fertiliser manufacturers to Teesside - this is where the Government could help by offering its guarantees.

The load size is governed by the size of the tanker taking the load to the US - Minerva Atlantica - around 550k.

GK is now not scedulued to leave Scapa Flo until 9th May and the tugs are preparing her for a STS with Minerva Atlantica. After the STS we should get an idea of the load size going to the US.

HK is probably doing at hook up at Captain - close to where she disapeared on the AIS.

GK is still at Scapa Flo - she is scheduled to leave at lunchtime tomorrow but she hasn't attempted a STS.

So it could be that she will head back to AK for another load???

HK meanwhile is heading in the general direction of Kraken but is probably Alvheim bound.

Just stay focused and endure the short term pain for long term gain - don't listen to irrational argument from any quarter.

I totally disagree Cherokee

To have a market leading company testing the market for what is a brand new product is absolutely invaluable - SM will be able to hit the ground running with Poly4 as soon as production starts without having to establish the market from scratch.

This is the view of Yuen Low from Shore Capital - published yesterday by Proactive Investors.

“Consequently, in our view, the next few weeks represent THE critical juncture for the Stage 2 financing,” said Yuen Low, analyst at house broker Shore Capital.

“Successfully securing the Stage 2 financing is effectively the key to unlocking Sirius’s vast potential, and we expect should catalyse a major re-rating of the shares.

https://www.proactiveinvestors.co.uk/companies/news/219565/sirius-minerals-is-now-at-a-critical-juncture-as-financing-efforts-continue-219565.html

Just a guess but the customer could be Ecover - it all fits.

I think that the shareholders rights issue will be the signal back to positivity and also be the time that a lot of the shorts will close out - stage 2 will be finalised in the next couple of weeks.

From that time on we will have a fair chunk of institutional investors giving the SP more stability and SXX more credibility in the City.

This will be the time when the benefits of stage two hit the SP and we will I think get a very positive response.

We can gain some insight with the figures released today on Short Tracker - they piled in on Tuesday with a small reduction yesterday - hopefully today some more cashed out - but I guess they will be around for a while yet.

SIRIUS MINERALS PLC
Och-Ziff Management Europe Ltd.
1.21%
+ 0.17%
30 Apr 2019

SIRIUS MINERALS PLC
Highbridge Capital Management LLC
2.91%
+ 0.11%
30 Apr 2019

SIRIUS MINERALS PLC
Polygon Global Partners LLP
0.53%
+ 0.53%
30 Apr 2019

SIRIUS MINERALS PLC
Citadel Europe LLP
0.56%
-0.07%
1 May 2019

Certainly the market is playing us Alan - we are yet to see any upside from stage 2 - when these predatory shorts have gone we will see plenty of upside.

The pot here is growing bigger by the day - even this level of dilution won't make this a bad investment in the long term. I have been down 95% after dilution and bounced back - just hang tight and keep the faith.

It looks like GK may well be on her way to the Lerwick anchorage.

This contribution on the Bumi Armada board caught my eye - I am not sure that UK investors would go this far at an AGM.

SELLL EVEERYTHING EXCEPT 1 UNIT

BRING ROTTEN EGG AND ROTTEN OCTOPUS (kraken ) THROW AT DIRECTOR ON 28 MAY

It looks like the shorts are not loosening their grip just yet - we are down around 1.5-2% so far - hopefully more will cash out today to give the SP a lift late on - as we saw yesterday.

Not, necessarily - I think a combination and the bad weather forecast for Friday and the increased production levels mean that two hook up's are the only option.