"They still have a very strong balance sheet" !! What makes the balance sheet look strong is the "Intangible Assets" - this is always a number you have to take with a big pinch of salt. I do not wish to critise the company, sales revenue is growing strongly but so it should having bought additional companies/products. What I am saying is that a year of strong organic growth is needed before the market is likely to look more favourably on the company. Regards Bob G
Reason for SP nose dive: - overstretched (acquisitions) - net debt uncomfortably high alongside other metrics and will probably stay high throughout 2020 based on CFO narrative in AR. Company needs continued strong growth to keep SHs on-board
This has probably been mentioned before but the vast majority of PIs (90%+) will not vote. Its psychological, if they do nothing they will live in the hope that the IIs will help out, failing that, they will at least get 5.5p
Bellers, Thanks for following up the PI initiative with SM. I am aware of what you said but if we are able to attract sufficient pledges for the 1st mini-bond issue, say £300-400M, SM will have better leverage if hey were to canvas different banks for a new RCF. I accept this approach is a long shot but stranger things have happened
As I have repeatedly said, this is an attempt to gauge interest. If it were to get to the next stage which involves collecting monies an acceptable threshold would have to be met. The funds would be held in an escrow account for re-distribution back to the investors if the threshold was not reached. The account would be owned by SM or designated broker. This proposition obviously does not appeal to some people on this BB but it may do to others
I raised this thread last Thursday. Well I have now published the website to gauge interest levels for my proposition so if you are interested take a look and spread the word. Link: http://bit.ly/sirius-minerals
Well Well, I hope all this tirade has released all your tensions. I am signing off for the night. As I said in my first post - I will post the link hopefully on Monday - take a look if you are interested. Good night
I am not talking about crowdfunding, that was mentioned in one of the responses. I would discuss the best mechanism for securing the funds with Sirius and if I can help them in anyway to ease the process I would be happy to do so
I would not be taking investor monies into my account. Albeit, if necessary I would be able to provide a secure, audited online conduit to route the funds from individuals to elected broker site. Obviously I would need input from Sirius if we are able to get to this stage.
I am interested in hearing your suggestions and I will hopefully launch the site 1st thing Monday. With regard to checking out the accuracy of the number of responses, I cannot do much about that but the 2nd stage will be to request the monies which would need to be put into a holding account for return in the event that the required threshold was not met. Bob G
I will be publishing a reply-based website over the next few days in an attempt to gauge the level of interest there is out there in individuals making a £5K investment carrying a 6%+ coupon. If I can find approx 100000 individuals willing to invest in a sort of 5 yr mini-bond by 1st December and again (same or different investors) on 1st June 2020, that could raise 2 x £500M which can be presented to SM as a way forward. If this works, the project will carry a lower risk and SM are much more likely to get bonds away for the balance of the finance at a later stage.
I will post a link when the site is ready. If you are interested then take a look. Wait to see the site before commenting. There will be a comments/suggestions facility. If you are not interested then do not both looking or cluttering up this site with negative comments.
I would not be doing this if I did not believe in SM and the benefits that a successful project would bring to the region/country. I am a LTH with no connections to SM and do not even live in Yorkshire.