Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
If you worked for the Norwegian trust fund it would be exactly the sort of thing they go for , diversify away from oil, buy an asset that will produce £1 billion a year.
that's why it will be completed, someone like BHP, RIO , HAN**** will go for it madness not toooo, spend £2billion now get and in 4 years time they get £1billion a year for 50 years +. You cant tell me that one of the big boys will not go for that, fair does they will get it cheap but it will get built. Don't want to argue about how much PI's will get mind.
Theres another director Elizabeth Noel Harwerth who was doing monthly buy ins, it will be interesting to see if she reinstates them .....
Its symbolic, thanks Chris, I listened in on the telecon yesterday I don't think there was anything else he could have done, what he is trying to do now is the only way out.
In a national park ... ?
Last set of director dealings.
Purchase
23 MAY 2019
Keith Edward Frank Clarke
NON-EXECUTIVE DIRECTOR
46,937 0.15 7.27 k
Purchase
23 MAY 2019
Elizabeth Noel Harwerth
NON-EXECUTIVE DIRECTOR,SENIOR INDEPENDENT DIRECTOR
9,048 0.15 1.40 k
Purchase
23 MAY 2019
Russell John Scrimshaw
NON-EXECUTIVE DIRECTOR,CHAIRMAN
2,121,026 0.15 328.34 k
Purchase
23 MAY 2019
Jane Ann Lodge
NON-EXECUTIVE DIRECTOR
214,869 0.15 33.26 k
Check this out.
https://www.google.com/search?q=fortescue+metals+share+price&rlz=1C1GGGE_en-gbGB558GB572&oq=fortescue+&aqs=chrome.0.69i59j69i57j0l4.9823j0j8&sourceid=chrome&ie=UTF-8
Set it to Max and the share price looks eerily similar, but look where the price is now, also a 40cent dividend being paid. In ten years time I think SXX will be the same. Keep the faith long time holders, like KOH I'm not selling out now. Igonore all this stop loss stuff from the newbie posters as well... If they are so interested in stop loss settings , ask yourself why ....?
Also If you dont know why i posted this chart i suggest you do some research to find out, clue would be Chris Fraser and Fortescue Metals.
If hes done it once he can do it again.
Share price (in dollars - to pounds)
$2.75 (£2.27)
dividend 5%
14cents (10p)
How do i get to this .....
Chris frazier "even when this is a $20 billion dollar company it will still have its detractors"
If you take $20 billion divided by the current share allocation you get the above numbers (or close) . As the company will be churning out cash by then I would think dividend could be higher , and the odd special dividend thrown in, add in a share buyback and it will keep going up, also existing supply contracts will be renegotiated around that time as well so ongoing upwards pressure on the share price, (Unless the tunnel doesn't burn down in the meantime) So when Rio Tinto / BHP make an offer between now and then I'll be selling 2/3 and investing elsewhere, everyone can give you buying advice, but that's my selling advice , sell 2/3 when there is a takeover bid, can always buy back in later :-)
To pre-empt. .....
Not for Noel.
Not for Jane.
Just thought I'd post his as I've only just noticed it myself.
http://capita.moneyam.com/director-deals/SXX/Sirius-Minerals
Checkout the first 7 lines, look at the dates - do you think they knew something one month ago about how funding was going ? On paper they are all down currently as am I, but I've just put in a chunk of my pension, rude not to :-)
GLA - etc etc.
Everybody in .....
Director/PDMR Dealing & Holdings in Company
Sirius Minerals Plc ("Sirius" or the "Company") has been notified that, further to the announcement made on 29 May 2019 regarding the admission of the Firm Placing and Placing and Open Offer shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on London Stock Exchange plc's main market for listed securities, Elizabeth Noel Harwerth acquired 4,855 new Ordinary Shares in the excess facility, in addition to the 4,193 allotted to her in the Open Offer.
Hi Thornback.
No some of the older crew are still here, though i don't post much I've been around for a while ( not as long as some maybe) but for me I've got a lot invested and I check this board every day ( GLA etc etc ).
With regards CF - Thanks Chris for getting the funding, as he has said before "Lets get this mine built, the shareprice will take care of itself"
With regards the share price, yes its down, I've took a hit myself, next time I'll top slice, but ......... HEY
The mine is getting built !!!!
My maths is bad, but my viewpoint is long so I try to keep it simples ......
The share price is 20p
In 3 to 5 years time the mine will be built and up and running the value of the company will be 20 billion there will be 10 billion shares issued so the share price will be around £2 (20/10) per share that's a tenbagger from where I'm sitting over the next 3 to 5 years.
Once the mine is up and running it will be banging out a 5% dividend ( maybe more ) but 5% of £2 is 10p which will be useful, assuming I'm still around :-)
between then and now we have "rolling funding" which is available as and when the mine needs it, maybe it all will be used up maybe it won't ...
Now I'm signing off and getting back in my box, I'll leave everyone with two or three words (can't make my mind up) which may confuse some but not for others who DYOR !
Redcar Mudstone.
Looking at an extract from the STG2 financing.
The funding package will bring together equity, convertible bonds, high yield debt, and a US$2.5bn revolving credit facility in a multi-stage, flexible structure that balances the availability of capital with the needs of the project.
The way I read that is that all of the credit may not be needed ..... ? Depends on how the project is going.
If the tunnel comes in early then all of the credit will not be needed which would have a positive impact on the share price , end date etc etc.
Its a bit early but ...
Does anyone know what the current tunneling rates are ... from that can the end date be calculated ... ?
Not very often i post but thought i would today.
Hope so. I'm 50% down currently, still holding though, its too big to fail and too many people have already got too much (myself) invested. Good luck all .. etc etc.
Not seen this posted anywhere yet.
https://www.fool.co.uk/investing/2019/03/11/is-the-sirius-minerals-share-price-the-bargain-of-the-year/
Like a lot of people here I am a long term holder I hold 260000 odd shares and I've taken a hit in the last few months as I always get it wrong when I try and trade I'm just holding so, if you'll humour me I've got to thinking .....
Imagine I'm a woman named Tina Mineheart and I had a friend who ran a new mining company called DogstarMining, which is going to mine agrochemicals which will be needed for the next 100 years. Now I'm really into mining and run my own mining dynasty, my company is called Xiacock and I’m already involved with DogstarMining, at quite a considerable cost.
While DogstarMining is a sure thing in the long term and fits very nicely with Xiacock existing businesses in the short term they have a cash flow problem, so while they have the cash to continue for several months they will eventually run out of money and mining will need to stop.
All interested parties are hanging on for news but I know that if the funding doesn't come then I'm in the hole for $300 million, but I’m not too worried as I’m one of the richest people in the world, in fact I'm the richest person in Gondwanaland, and I'm smart, as well as being beautiful, intelligent and philanthropic (flattery will get you everywhere ), I'm also a clever, ruthless business woman. I have $US15 billion in the bank so I can fund the whole mine myself, if I needed to, but if I was to step up to the plate and say here's another $300 million lets release all the additional funding, it gets me nowhere ! Just a US$300 million hole in my bank account. Now I take a real longterm view (ie decades) it would be much better for me to just sit back and watch, the share price falling and buy them up myself, via various holding accounts, knowing they will become part of my empire.
My mate who runs DogstarMining may well know that I'll see the project through to completion but much better for me to do nothing in the shorterm, just sit and watch while the current mining activities continue, the share price is shorted, and forced down and I, via some holding companies buy up the shares at a low price (up to notification limits etc), as in the short term while I'm doing this I'm getting a larger position overall in DogstarMining. Even though we both know it’s a sure-fire thing and the funding will come my mate can’t say anything, as he needs my money, and I’m playing my own game.
Once its getting near to the drop dead end date when mining needs to stop I can step up to the plate via Xiacock and say here's some more money via a joint venture (so I get another nice chunk of DogstarMining ), and release all the stuck funding. At which point the share price would rocket the shares I own would double or triple and I'm quid’s in.
Ultimately in this scenario LTH come out on top (reduced by chunk size), in the short term its brown trousers time though. So what do people think ?
Ps I’m not into crossdressing. Also I’m still holding. Good Luck all etc etc.
Hi.
Just thought I'd have a look back here as i was a holder a while ago, price seems to have risen but stalled again, and CB is still in the driving seat.
I jumped ship and went to OMI
I'm now ahead.
Take a look.
DYOR etc.
Yes John.
Just look at what he did at the last place he worked.
https://www.ft.com/content/fd8fb2e6-2c7f-11db-9845-0000779e2340
I'm still holding.
Likewise $0
Not sure if this has been posted already.
https://www.gazettelive.co.uk/news/teesside-news/we-investors-money-clean-site-15638072