Member Info for HopefulDave

Stupid hippies.

That’s their job.

I wonder when they go to Mc Dust for their veggie dust filled disgusting vegan slop burger and there is a long queue they moan at the staff when they go a bit faster?

LOL JJAL. Why would you even bother asking Diane that? Something has changed since it posted that on Twitter in July. Diane’s figures were exposed as being out by 35% as it couldn’t work out revenue correctly. According to Diane’s original calculations, she would have been well over £100,000 out (incorrectly against Highlands bank balance) on April’s revenue alone.... Because it’s revenue estimates were out by 35%.... So what has changed since Diane’s Abacus last came out? You can’t trust it’s figures for one..... Can you not see that Diane just has a huge issue with Highlands?

Alan. I’m sure interviews were done with Enron, Barings and a whole bunch of other disasters days before they went pop. The fact we were on the BBC makes no difference to the risks that were present here the day before or the day after the interview. Everything is as it was, bar a few more days into the build. :) I believe there is a very bright future here, and a large portion of “my stones” are therefore dangling over the proverbial chopping block accordingly. TV coverage is great and will increase our exposure to the more general public who most still haven’t got a clue what SXX is, but is doesn’t change the risk associated with the project one bit! ST2 does, and it’s coming,as will the mine. In time.

This part I meant in as in the budget itself....probably wasn’t clear on that... I can’t see more than a mention as part of a wider Nothern Powerhouse thing. Or something along the lines of “Britain is still attractive to innovative thinkers and projects willing to invest billions into our economy, projects like Sirius Minerals..blah blah.” and then on to something else.

It’s nice to make the 6 O’Clock news. And nice for people to see a story where it’s not all “doom and gloom. UK sucks. Brexit will destroy us etc. “ I can’t see more than a mention as part of a wider Nothern Powerhouse thing. Or something along the lines of “Britain is still attractive to innovative thinkers and projects willing to invest billions into our economy, projects like Sirius Minerals..blah blah.” and then on to something else. Still I don’t think we are far away from more regular mentions on the news.. A lot will happen underground, but still I expect major milestones in progress will make the main news over the next few years, and more so once the B thing is passed. The news loves to follow two types of stories. Doom gloom and disaster, and they also love a good regeneration project, something to get all flag wavey about. + no doubt when it’s all shiny and completed and thousands are employed, the country and us invested will be reaping the rewards of what we are digging up... The BBC will still be able to dig up some shabby looking swampy saying, “it’s a disgrace should never be allowed etc” - just for balance / entertainment value! :)

A quid. Another 6 shares here.

88EMAN Welcome. And feel free to fill your boots and join the club! :-) One thing reading my at times referred to as over-enthusiastic posts, another to then hear some of those crazy upside possibilities from RP himself.. Glad you enjoyed the podcast. All hail Kansas :-)

Myo - Still haven't listened to the last one never got the chance and just reminded me to do so.

But your summary makes sense of the tasks outstanding and what is left.

If the $3bn really is on the table - bar due diligence and simply a matter of finding what headroom we have left to deal with the $400-600m elephant, then this SP is an absolute steal..

PAA.

They will not want egg on their face, say they have done all their due diligence only to find the RNS that dropped the other week to come out and look like they are helping fund something that hadn't as yet been fully costed?!

I'm sure its 99.99% done and dusted, but until the final budget is in, we probably won't hear about it, as they, along with the banks, will want clarity on the overall budget and debt package and be happy with it?

They (IUK) couldn't give a to$$ about our current share price, as ultimately that will have no impact on the mine being built. And arguably as soon as they guarantee, what they guarantee, we'll get the shot in the arm anyway!

We need to finalise the budget (or at least all big items / those that can be fully costed now with the remaining few % perhaps left)

Then the bank's commit debt of $Xbn (depending how you look at things this could be $1.5bn already)
IUK commits guarantee of $Ybn
Banks commit debt of$Xbn + $Ybn

I Imagine those 3 items may well come as one release as all linked.

Somewhere in between a Euro TorP?

All to come this quarter. XMAS at the end of it, and nearly through October as it is!

Expect the fireworks in November!

At which point we should also find out if its $400m or $600m, and if any of that has been managed to be reduced with any other options in meantime..

In short, when we announce the final procurement stuff is done, I imagine the bank and IUK details won't be far behind...

Insanity beckons. In all fairness. IMHO. Better to see the shorts remain as they are!! Unless naked shorting, these are hedged by the bonds, and therefore better already sold into the market than bought back? In an ideal world, if ST2 becomes $3bn in debt, and they are still short we are in a very good place. At that point we’d have a shortfall of $400-600m to find. Whcih could come without equity, or could come with some equity. It would be nice to know then, at that point, either they buy up shares or potentially look to convert. For any that convert prior to completion of ST2, that would be less interest to pay, and accordingly less money required to complete ST2! If we managed to get a Royalty deal, or completion finance, or part fill that $400-600m with anything other than shares, so less money is required to be raised, there then may not be enough new shares for them all to close their positions. Wouldn’t it be nice to get though ST2 with that $3bn and a large portion of the rest in completion finance or subordinated debt or a mix thereof? And they were still short? I’d much prefer that! Even an announcement of final budget. IUK and bank loans of $3bn with most short would be great. It would give them something to think about, and they wouldn’t have bought back and therefore wouldn’t be able to short more (with a hedged position anyway) if they wanted. Rather they stay right where they are for now.

Fall out of the footsie into aim? Epic!

Oops lol

Lol. So how we gonna pay for that?

D14’s 29.5m shares at 10-12p?

Or RP’s “Private Equity and strategic partners”.....

Only one of those adds up and it ain’t the 10-12p option!!!

Plenty is going on about of which we are not told.

But when we are told about them and realise the economics of Kansas for starters, holding on to these (or accumulating more) will seem like a very sensible move!

Vez. the Volume is still pitiful. Feel sorry for anyone bailing taking 60% losses anywhere, although the shares are certainly choppy watered across the whole market right now. From here a 60%+ rise could be achieved in a flash with one RNS! DTU is one thing we all know that will take time to market and be adopted and make large revenue streams. Nitrogen is a commodity required in volume every single day in Kansas and beyond. The processing facilities are close by. A plastic pipe will do it....

Lol Eringael. Not kidding!

If it is PI’s some are probably still out at b&q for some more kitchen sinks to throw in!

GK. I wasn’t trying to endorse trading strategies on the board, although clearly worked for many.. The point was many are peddling multiple doom scenarios. Many suggest even if the $3bn is committed (still due this quarter I believe?) that the $400-600m elephant is going to breed like rabbits and everyone is going to get diluted to kingdom come as a result. So. Yes. Still waiting on the $3bn commitment but that will be decided this quarter not Q1. But it was the perspective bit I’ve mentioned before: That ST1 was a field of dreams and a ~$1.2bn raise that ultimately all had a dilutive effect. Royalty. Bonds and equity. ST2 - ** If that $3bn is committed in Q4. ** Is not a field. It’s a mine substantially in progress. It’s a bank and IUK scrutinized viable business. It has contracts pushing risk onto the contractors. It has contingency funds lenders are happy with. So you have to ask the question. If that $3bn comes. And therefore we need 1/3rd to 1/2 of what we raised all that time ago in ST1 on AIM, with all this where we are now still to come, the sales not agreed, the uncertainty over ST2 etc. All that behind us and $400-600m left. People have the memory of ST1 and expect the same. We would be (somehow) raising a small percentage of what we have effectively already raised with the guarantee letters. It’s that scenario I don’t think is discussed enough. Yes I get the it’s not guaranteed now etc, but it would be good for people to have perspective on that scenario and think logically about it and how different it would be to ST1. Difficult when the SP is down here, and it’s not done yet, but important I feel anyway, that people note the vast difference between ST1 and any (with $3bn in the bag) ST2 excess * which may not be equity * but if it is, just keep the difference on ST1 and that in mind...

Fad. If would truly be amazing to have the ability to deliver wells of that magnitude in Kansas. And you are correct in that technology and previously unconsidered options can pop up at any time to modify these designs. Happy that knowing “keeping it simple” is still a extremely good revenue stream from a low cost well though. Something like that would be incredible.

Fad. Lol. That’s insane. I’d be happy to keep plopping a few more ~$200,000 wells out there and match the 2581 flow rate once it’s flowing down a pipe with $ coming in!