Member Info for Fred16

Chesh, you asked what was going on at the weekend ......have a guess!

When I practised my putting yesterday I had a shot from the edge of the green. If this goes in I thought I’m topping up - it went in - and I’m rubbish at putting! That’s why I don’t give detailed analysis!

I think you said you were a roofer llaallee! Must admit that did cross my mind! But I have paid for an inspection day - have to cross my fingers for everything these days!

Ballers, I remember saying before I hoped Sirius comes good for you and your family and I really do. It’s great you are sharing this with your wife. To be honest I’m sharing this more with my mum who is now 93 and she only said this afternoon how much of an interest Sirius has been for her and how she was enjoying following it. Her maiden name was Wood and her married name is Smith! Of course she’s telling me to buy some more on Tuesday! But there are sometimes posters on here that sound like my husband - that’s why I like reading all the posts!

Just heard our roof repairs are going to be cheaper than I allowed for. Wonder what I might do with the money on Tues? Trouble is I made a promise .... it’s enough to bring my average down by 1p! It’ll be a much harder decision if we’ve got this low SP!

Haha - I admit I could have been much more clever. I would have been more clever if I’d had a secret stash of money I could have invested a couple of weeks ago like I wanted to. But I’m happy enough with the position I’m in - am more in red bec I’ve got more shares but got my average down as much as I can. I’m not jealous of the clever ones ..... maybe a bit!

The clever ones are the ones that have been able to double their holdings for the same money but just keep quiet about it

You have to bear in mind this post is made by me and is it’s just the way I am thinking and I’m not a big investor type! Okay Stage 1 and Stage 2 dilution has been disappointing - particularly stage 2 as we are have made so much more progress on the build and yet now with a lower SP and many more shares in circulation which I get the clearly the implications of. As far as any possible future dilution goes - I’m just not going to worry about it - might never happen but if it does It’s going to be further down the line and then we really will be approaching production. No one can really envisage the huge potential of Sirius down the line - it could be bigger than any of us can imagine and maybe needs more money to create another business opportunity that would make it even more massive. Who knows? Think it’s easy to think more negatively as it’s been quite tough in some respects being a SH so far unless you’ve fairly recently bought in and we all know what mining companies are notorious for. Plus even though we were let down this time by Government guarantee - if needed a relationship exists and can be built on presumably? Can’t see future governments being anything but positive about Sirius - the timing just couldn’t have been worse this time round and the Company didn’t have it. I’ve always been positive about Sirius, albeit realistic - if you a LT holder it’s post production that’s important and the ups and downs on the way there are really only to be expected. I’m just going to enjoy the next up which with any luck is round the corner - if not I’ll wait. But I’m going to remain positive and take that chance - the alternative is to sell but to me the risk of doing that is greater

Sirius is developing the Woodsmith mine near Whitby. It is set to become the world’s largest mine for polyhalite, a type of potash fertiliser
ANDREW MCCAREN FOR THE TIMES
The developer of a fertiliser mine under the North York Moors launched a $500 million high-yield bond yesterday as it seeks to unlock crucial funding for the ambitious venture.
Sirius Minerals is looking to raise the money to access a further $2.5 billion credit facility from JP Morgan.
The FTSE 250 company wants to put together a combined $3.8 billion of financing by the end of September to help it start to produce fertiliser in 2021. It completed a discounted $425 million share placing and a $400 million convertible bond offering this month.

Sirius is developing the Woodsmith mine near Whitby into what is set to become the world’s biggest mine for polyhalite, a type of potash fertiliser.
The project involves developing a mine nearly a mile deep to tap the potash deposit and a subterranean conveyor belt through a 23-mile tunnel to Teesside, where the product can be processed and exported. It aims to produce 20 million tonnes a year by 2029.

Shares in Sirius have fallen nearly 25 per cent this year, but were steady yesterday, up 0.8 per cent at 16p, valuing it at £1.1 billion.
The company faced a number of challenges last year including rising costs and changes to its financing plans.

SheepOfWallStreet- people don’t take investing in shares lightly, they do a lot of research and if they are not happy then they can sell. So if people are still invested Sirius, even after all the dilution, it is for a good individual reasons - it’s not sheep mentality and it’s not due to lack of clear reasoning. This is not the latest craze for children and teenagers that we’re part of to be cool. Why would anyone be invested in Sirius if they didn’t believe it was worth it in the long run? Why post on here and insult people you don’t know?

Haha - Sirius is always on our minds!

Just get hold of yesterday’s Daily Mail

No SheepOfWallSreet - it was literally a list of top five risers and list of top five fallers with reason - quite good though to see Sirius at the top for once and I liked the reason!

Just seen in mum’s Daily Mail Sirius top riser yesterday +5.54% with the reason Financing hopes - i’ll take that!

When the SP was 39p I was so excited bec I reached a milestone amount as to what my holding was worth - I couldn’t help myself telling some of my friends who had been worried about me investing in SXX - they all said sell some of them! Of course I should have and bought back at 13p - I would have a much larger holding and such a low average! But I couldn’t bec I believed and still believe one day Sirius will be massIve. Even now, having had a massive paper loss I think I would still find it difficult to sell some at 39p - just in case they double! But that’s why I read this board and like to read the more genuine negative stuff bec I know I need to read it! Plus, for me, I think it’s probably right to stop topping up as if all goes well the holding I’ve already got will make a big difference - plus I’m in slightly dangerous water with Mr Fred as far as SXX goes!

Sorry hadn’t quite finished .... these days of not having five minutes will be worth it in a few years! Hopefully when the bonds are sorted another difficult hurdle out of the way ... and then they’ll be another - but we’ll get there (fingers crossed)!

You’re so right mr.dt - I think it’s nearly a year that the SP has been going lower and lower, meanwhile progress on the build has been going further and further. Time is going so quickly now that i think in no time at all Sirius will be going over 100 knots at full steam and hopefully shareholders can enjoy the last bit of the bumpy ride before production! I’ve exceeded my target as well, would have liked to have bought more at these low prices - the main reason why I find SP frustrating but my problem is I can never sell them to top slice (think that’s the phrase)! I’m glad things are going well for you mr.dt -

Oh oh Myo - how could you forget Zippy!

Wish I’d paid more attention to Science at school!

So can’t wait for the time when there’s no pump and dump and shareholders that have just stuck with Sirius playing the ‘long term SP and divs are all that matters’ strategy can sit back and know they were right!