Member Info for Forseti

Normally I would agree with you however in this case.

some major investors are already in and will lose too much
According the latest estimate its $400 million to get buy currently 2 states (norway and quatar) are already in for more than that so i dont think they will just write it off.
The upside is too big and i can seem bids / offers / cash from differing sources.
If there is a share issue along with funding then the upside will be greater.

Just hold and wait in my Opinion.

"In the absence of multiple bidders your are likely to get shafted, pardon the pun."

yes but if there are multiple bidders ... ?

Does anyone think there will be ?

Discuss ........

*charlatans* :-)

Nice spot Chemistry2, goes to show how all the "no market for this, unproven product" charletons are wrong. It will all help to get the cash ....

If when they went back to the market they would be going back for less.
https://www.proactiveinvestors.co.uk/companies/news/908269/sirius-minerals-could--get-by--with-400mln-fundraising-says-broker-908269.html

admittedly the above is from the inhouse tame broker but the amounts required are reducing and the tunnel is getting longer ..........

Bucky boy.
Put the rest of it out....

The Company has therefore today announced that the scope of construction activities on the project will now be adjusted while the Company undertakes a strategic review of its options.

The Board considers that a reduced pace of development focused on key areas of the project that will ultimately serve to preserve the most value for the project will provide the Company with a period of up to six months to review all available options for the Company to move forward. The Group will need to secure additional external financing in order to allow it to continue operations after 31 March 2020.

So it was a company decision not one of Jp morgan saying they couldn't the company pulled the offer due to market conditions. Once they change who is to say they wont go back to the market with a need for a reduced amount .... ? Yes the shareprice is down currently, but it can soon shoot up again.

Here's a firm with $463 Million (and the rest) going spare currently.
https://www.ft.com/content/b146ab32-16a5-11ea-8d73-6303645ac406
Maybe they could be interested in a strategic partnership with another firm , where its a lot easier to do business ... ?

Wahay ....
we are in at number 4
https://www.bloomberg.com/news/articles/2019-12-05/new-ceo-of-u-k-s-worst-stock-of-2019-will-have-work-cut-out

either way we will find out soon

Pretty fast Bucky, for someone who is not a holder you seem to have lots of interest .......
As for people being crazy enough to buy, I've bought some myself at 3p to add with the others I hold currently.

To add to that, I could see a couple of the major players being interested once this is up and running it will be generating US$500 million profit + Per Annum ! Quite a cash cow to let slip away too easily ......

Likewise I'm still holding.

Not seen this one.
https://www.fool.co.uk/investing/2019/11/30/why-sirius-minerals-17-share-price-rise-makes-me-optimistic/

https://www.fool.co.uk/investing/2019/11/29/the-3-scenarios-i-see-for-the-sirius-minerals-share-price/

Not seen this posted anywhere.
https://www.fool.co.uk/investing/2019/11/24/why-im-buying-sirius-minerals-shares-after-its-20-price-rise/

Fred.
Hold tight, sit it out, don't sell 2 years time you'll be ahead.

Its the scope and cost of this project vs the scope and cost of the other (jansen) project.
Going in with SXX gets them in the market at a reduced cost and superior product with a 50 year + runtime.
So i think they (and others) will very much be interested.

Just like to point out that item number 1 in the strategic review was ..

To protect and maximize shareholder value.

So hopefully they will be able to do that I think strategic partner(s) with a bit of debt thrown in.

I was following up on BHP and its jansen project woes
https://www.bloomberg.com/news/articles/2018-12-13/bhp-s-20-billion-canadian-potash-dilemma-to-build-or-not
Massive amounts of money already spent by BHP and their current situation is that the are stalled.

I wonder where else they could invest.

What think yeee Trolls ... ?

So long as the price is up (ie 30p + ) in 3 years it can go down to 1p as far as I'm concerned

Could be or maybe a complete wildcard
https://en.wikipedia.org/wiki/Jim_Ratcliffe#Early_life_and_education

Yes could be or maybe a complete wildcard.
https://en.wikipedia.org/wiki/Jim_Ratcliffe
sort of thing he could get involved in, help get it up and running and regular income stream ....

GLA etc etc.

It would to me but I suspect not :-)
Single trades of 50 million + would move the shareprice. and I think we will see some .......................................... soon.
...................................... thats a piece of string by the way.