Member Info for Forseti

still holding £10K though in case someone does roll up with a different ball.

Discretion is the better part of valour so that's me out at a cost of £66K +

My choice to get in though, so there you go, blue chip dividend companies from now onwards for me.

Thinking about it, though I do think the PI's have been stitched up taking the simple view and to get the ball rolling.

1) Gina bungs in £250 million to get the ball rolling.

2) PI's pile in and roll the ball a bit more.

3) One of the players decides they don't really want to play and tries to withhold the ball.

4) The referees and linesmen know each other and decide on a couple of rounds of share issues to get more funds from the PI's to roll the ball a bit further, and upgrade the ball.

5) There could have been another round to roll the ball a bit further but instead the referees friend decides to offer 5.5p to take the expensive ball home cheaply.

6) Once they have the ball they realise/know that it was Ginas ball in the first place and they must pay her for it and for any future use of the ball she will miss out on.

7) so officially AA will decide to offer 1 or 2p for the ball, at which point its gonna be thier ball.

8) unless someone rucks up with another ball it will be game over.

Best wishes to Gina it was her ball in the first place and she knows how to play.

As for the referees and linesman .... What goes around comes around...

From the last RNS (the polygon one)

ISIN: GB00B0DG3H29
CFD
Opening a long position
109,000,000
GBP 0.055

I take that to mean they have just bought 109,000,000 shares (long postion) in the hope they will go up ... ?
or have I misread that,

would that mean they are aware of something that we are not ... ?

her money is secured on the existing assets. always has been.
still think there will be another bidder or better offer.

BHP
https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

AlanG.
Hold.
BHP
https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

another month ... why not, and then there is china....

Hold.
BHP
https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

Hold.
BHP
https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

OR.

Option 1.
BHP
https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

These guys could offer 10p a share and it would still be cheaper for them.

https://im-mining.com/2019/10/17/bhps-jansen-potash-project-set-early-2021-investment-decision/

I'm holding on for a bit more upside, sitting and waiting for a few more weeks will do no more harm.

Likewise its not what the share price is now its how the deal goes and what the share price will be in a few years, up in my opinion

Seeing that trump is as dumb as a box of hammers and his actions have fallout elsewhere.

https://edition.cnn.com/2020/01/06/investing/saudi-aramco-stock-price-oil/index.html

This sort of thing will be making SXX much more of an attractive asset so I wouldn't be surprised if there were a combination of potential suitors out there

Quick question if I may, does anyone know the current progress of the tunnel and how far its been dug currently ?

Reasoning behind this is that the further they have gone the less there is to dig so the funding to completion will have reduced ?

Does anyone know the current excavation rate ? Metres per day. I believe they have been running at 30M + per day in the past, Does anyone know the current average ?

Nope just found it. different sirius airplanes as opposed to mining :-)

I'm sure i saw something regarding sirius and another middle eastern soverign wealth fund over the christmas period (not quatar or norway) but I cant seem to find it again ! Did anyone else see it ? I think it was in the times ??

Happy new year et al ....

15Lives ...

"I believe we're facing dilution on a big scale, perhaps we're talking 15 to 20bn shares to secure the finance to see us through the next phase of construction. Despite this, in light of projected earnings and construction going well, still a worthwhile investment."

Yes I agree but I think it full bore when the mine is up and running and finance issues completed the share price will be around 75p a share based on a turnover of US$20 billion / 20billion shares.

Bucky Boy. You're back, how's the hangover ? I do hope you are not feeling queezy.

Regarding your last

"Without multiple offers, a single interested party could just let the clock run out, or at best turn the sale/rescue of SXX (in whole or in part) into a Dutch auction."

well we shall just have to wait and see won't we, I'm sure there will be a couple of interested players but as the review is still ongoing, I wont panic for lack of news until the end of march 2020.

I'm going to hang up my keyboard now for the rest of the year , so see you in 2020 where we can do it all again, until the funding is obtained, by however means.

GLAlTH etc etc.

Scotman. I would be surprised if they hadn't !

A bloke delivering some Amazon stuff to me just told me that he had been to one of the managers houses and had seen the company integration documents on the desk as he was dropping off his delivery , so it must be true........ LOL

Yeh I agree this is more up to date from 2 months ago.

https://www.kitco.com/news/2019-10-16/UPDATE-2-BHP-sets-early-2021-for-decision-on-Jansen-potash-project.html

Interesting couple of lines from the above
"In its September production report, BHP said project planning and work to finalise a port solution was continuing and the $5 billion-plus Stage 1 will be presented to the board for an investment decision by February 2021.
BHP, which has already spent $2.7 billion on Jansen, said in May it expects excess supply capacity of the crop nutrient to be used up by the middle of the next decade, while the Jansen project would create a "high-margin, long-life" mine."

Maybe like I said they will cut their losses, and go for a cheaper project SXX with a better product and shorter time to market.

Call me old fashioned but that would make sense in my book.

I think they may cut their losses.
https://www.telegraph.co.uk/business/2017/07/19/elliott-attacks-disastrous-bhp-billiton-plan-build-potash-mine/

Is something happening Friday ?