Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Thank you for your email.
Following the recent announcement the Company is severely restricted with regard to external communication, as a result we are unable to provide any further information beyond what is contained within the announcement.
All inbound communication is being noted and feedback is being passed on to the relevant members of the team.
I am sorry I cannot engage more and I certainly appreciate shareholders frustration at this time.
No movement at all!
We need answers. You need to come out from hiding and grow some.
I propose to write the following to my local MP. It is in draft form and I would appreciate comments, help and advise before submitting it…..
Dear Mr. Raab,
I write to you as one of your constituents but also as one of approximately 85,000 small (well not all so small) private investors who were encouraged to invest in what is the largest private engineering project in the UK in many years.
The discovery of a large seam of Polyhalite fertilizer underneath the national park near Whitby was attributed to two gentlemen named Wood and Smith, after whom the mine is named. The company’s name is Sirius Minerals, the brightest star in the sky. But apparently not bright enough to attract the governments attention. The Tunnel Boring Machine was christened Stella Rose by local school children, Rose very British, I wonder how they will feel when it is renamed with something American.
Many local people, a lot of who went to and still work for the company in this exciting local project were enticed into investing their savings and pensions into the company. The shares, based on the exciting nature and the projected financial and environmental aspects of the project were traded as high as 45 pence based on the company’s projections and claims of the enormous economic potential of the project and it’s value in creating local jobs in a part of the country that had suffered severe job losses and under investment.
It is true that there was (is) a requirement for a huge investment to bring the project to fruition. A large part of this was because environmental considerations dictated that the only acceptable way to get the product from the mine to the port at Redcar was by digging a 17 mile long tunnel containing a conveyor belt. There were also other environmental constraints relating to re-landscaping of the area of the mine itself. All of these the company wholeheartedly bought into, despite the added expense. It has in addition to employing local people, provided funds for local schools, charities, sports clubs and environmental initiatives.
All went well initially until it came time to raise further capital which the company supposedly did together/through/with J P Morgan for approx £500 million for the next stage of the project.. JPM pulled the plus on this at the very last minute. This caused the share price to collapse as low as 3p from a range of 30 to 45p. Oh, and JPM have subsequently been shorting the stock.
The company drew up a revised plan to conserve cash pending finding alternative sources of funds. It turns out that AAL were lurking the background and in secret communications throughout the whole of this period. A fact not disclosed to shareholders.
Leading up to this there was extensive “shorting” of the shares by numerous entities, which is supposedly an illegal practice.
I am only a relatively small share holder but an investment of £18,000 of my pension pot in now worth less than £4,000.
Your party, whom I have su
Cowardly quietly sitting back waiting for there master plan to come to fruition
Too trusting snake oil retailers
Let's hope he does is this a strategic partner or complete or partial sell out?
So it looks like Chris will be moving back to Sydney I doubt very much he would want to live and stay in Whitby after this.
Until we here some positives on the funding front let's hope it's a happy Christmas for everyone involved in the project.
NOT.ha ha
Tom dick and harry
Drop the atomic news, and let this share explode back in to a sensible share price. This really is ridiculously low!!!!
I really do hope we get to hear some potentially positive game changing news shortly.
How far in to the six month slow down are we?
Someone who bought £10,000 of shares in August 2016 would now have around £800.
Sirius has become one of Britain’s most popular retail stocks since Fraser reversed his firm, York Potash, into an existing company on the London Stock Exchange in 2011
Going through.
I think this will jump rapidly on any positive news.
Until we get a government that backs the Northern Powerhouse with more than words, such projects as this struggle, but we will have 5G broadband woopi doo. This government are a shambles that talk the talk but don't walk the walk. Crazy and short sighted of them jobs 100 year life span.I'm furious and very disappointed in our UK government.
I was under the impression that that's where the thicker part of the Polly halite seem is.and geologically the most stable area.
Want to see this development work not just for the money but want to see a Regional Development for employment? Many have vested interests here. This forum has turned to s*** if you don't have anything good to say don't say it at all