The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Fortesque Metals even :-)
longtime viewer.
I agree its high could go lower, but one thing to remember, and thats Chris Fraser, I've never met the guy, but he knows all the shenanigans of financing a project like this as he has already been there, he did it before with fortesque minerals.
I'm sure all the old hands know all about C.F. but for some of the newcomers who may not .......
Fraser worked in banking, particularly mining finance, with Rothschild, KPMG and Citigroup, rising to managing director in 2008.[4] He has been the CEO of Sirius Minerals since January 2011.[3]
As part of iron ore miner Fortescue Metals Group ’s original executive team, Chris Catlow and Russell Scrimshaw have played integral roles in one of the Australian sharemarket’s runaway success stories. So too has Chris Fraser, who was a key adviser to Fortescue in his time with Citigroup.
https://www.afr.com/business/agriculture/crops/dreams-of-building-a-new-fortescue-20110701-iag41
If anyone can get the dosh, he can ....
Hes got a lot of skin in the game as have his staff with their share options etc, I'm sure he will get the best deal for them, we still may get singed yet, but hopefully not burned.
If not "I'll get me Coat" :-)
KOH.
Can I suggest hold your nerve, and take a longer term view.
Looking at longtimeviewers comments regarding Pennon he equates that with sirius, but look at the price difference 751 vs 22p (I know its not the same per share valuation) but taking a long term view helps you deal with the short term issues.
I've got all my eggs in this basket, short term here I'm down 30%, but in 5 years I expect this to be a FTSE100 company, with an increasing dividend thereafter.
Short term will it get funded. I think yes, but you pays your money takes your chance and hold on for the ride, and if neccessary take a further hit (20% worse case methinks). If it doesn't well I'll be working for a bit longer.
I can't think of any other opportunities in the market like this share currently, which has a lifespan of 50+ years of which I'll be (hopefully) collecting 30 years of increasing dividends.
Also once its up and running think of what would happen if BHP Billiton / RIO / glencore / vale / angolo american et al, got into a takeover / bidding war
There is no other resource (bar a small mexiican deposit .. values of scale etc etc SXX Wins) like this in the world, so barriers to entry are really high, so unless a new fertilizer comes along (bill gates and his techno fertilizer toilet) we should all be OK.
GLA long term .....
I'm out, taken my money (losses) and ran, went to OMI. Good luck everyone.
True, buf if you were one of the 7 bods killed out there i guess you wouldn't be too happy. Continental is pretty close, to Anza, not knowing what the conditions are like on the ground its hard to make a judgement call though.
Hi Peeps.
I just discovered this share and I've bought in with a couple of tranches in recent days, so I'm intending for a long(ish) term hold. Following on and following some DYOR. I've just found this. https://www.janes.com/article/83262/heightened-risk-of-homicide-and-property-damage-to-affect-mining-in-colombia-s-antioquia-in-one-year-outlook?utm_campaign=PC6110_E18%20DF%20NL%20Security%2025_09_18&utm_medium=email&utm_source=Eloqua
which as you can see gives you some info, however you need access to Janes to view the whole thing, and I was having trouble finding additional infomation.
This is neither a RAMP nor a DE-RAMP, but does anyone have any further information ?
As one of my old lecturers used to say "Discuss".
Besides its not a arbitary figure, it was 20p at STG1 finanancing, so why not ?
Again open for discussion :-)
JJ.
"I am sure at this point she could then get the financing to complete"
she could afford to finance it herself, she is one of the richest people on the planet.
I dont know thats why I've posted it ... ?
I do know that all the stuff that is happening today, was already in the pipeline, but there is still $US500 million needed to come from somewhere, I know that CF is working on it, could be dilution could be debt f so at what price ... ? I know Gina has the funding and could just finance the mine by herself but she is not going to, so if when it dilutes, what shareprice do we think ?
Happy that the Gina funding of US$250 is available, but we still need the other US$500 for the tunnel changes, so dilution is still on the way methinks. As Gina is getting shares at 20p as per the original decsion do we think that the new round of funding will be issuing shares at 20p as well. Open for discussion. In the meantime I'll get my hard hat on :-)
A lot of the city I would guess :-)
No wurries if you are in for the longterm. I don't post very often but I check the board every day. I was trying to sell this morning at 08:02 but no chance, as I couldn't I've just topped up again, once another 3M worth of torps come through it will drive the price upwards again, albeit tempered by any future placings, I think we are close to the bottom still so its a good time to go 'fishing'.
You pays your money you takes your chance.
Long term here, You win
GLA. :-)
Whatever the dividend is
http://www.environmentreports.com/enough-food-for-the-future/
The need for Polyhalite will be increasing, as will the dividend. Though I may not live long enough to see it :-) LOL
But the kids will.
been a holder for a couple of years, managed to buy my initial chunk for 7.5 per share, currently have an average of around 22p per share. I tried to deal a few years ago and manage to loose 16,000 shares, so now I just hold.
In fact my last was incorrect (according to wikipedia) the only stuff being mined is in North Yorkshire in Boulby.
https://en.wikipedia.org/wiki/Polyhalite (see production tab).
There is a deposit somewhere in mexico, but its small, also looks like its not producing currently. Again if / when it comes online, economies of scale ... etc etc.
ICL / ICI :-)
Hi SweetWoodRuff.
ICL will not really be competition, Sirius will have economies of scale, and new technology to ship the product at a lower cost, so they will claw back any market share that ICL may build up, also they will easily out produce them. There is also a similar mine in Mexico which can produce Polyhalite, again its the same thing, Sirius will outproduce them (once the mine is up and running ) :-)
Hi KOHD. Like I said its a guess, its as easy as ABC. A) FTSE 100 company by then. B) The 'current big boys' (RIO, BHP, GLENCORE) would be interested by then. C) There is only one Zechstein Sea, so its a unique asset which will be a cash cow for years. Thats it from me :-)
Hi Hitman. My best Guess, and its a guess. Jan '19 �0.50 Jan '20 �1.00 Jan '21 �1.50 Jan '22 �2.00 Jan '23 �2.50 Jan '25 �4.50 Jan '28 �7.50 +
Yes most places don't invest in the IT infrastructure (as its a cost, and benefits are not immediately obvious) so the infrastructure gets past its sell by date. Staff get sick and leave, and knowledge walks out of the door, then when they try to do an upgrade (ie TSB) they hit problems, any of the big banks, Lloyds, Nat West, RBS, etc etc, will be facing the same problems ......
Hi. Just spottted this. http://www.proactiveinvestors.co.uk/companies/news/192978/sirius-petroleum-looks-forward-to-ororo-drilling-as-programme-is-green-lighted-192978.html