The bottom line is what the global financial markets think, and the perception for risk and the raising of capital on projects such as this can attract.
If finance as such on this scale cannot be raised, then we are left with the final solution, a strategic partner, and that leaves you and I short changed.
You make me laugh, but seriously, I do sincerely hope that all comes well with SXX, but like many, I am somewhat resigned now when reading between the lines, that any resolution is going to be brutal to existing shareholders, myself included (Well down) . I have held my cursor over the sell icon on several occassions but could not do it, weird that isn't it?.
If we do get through this S---e, barring a 'Strategic Partner' it will be years before we as shareholders begin to see any value.
It will also be years before any dividend is paid, and it will be years before break even, imho.
The bond markets are not going to improve I do not believe within 6 months, Junk terrority is not what this project should be about, it is clutching at straws imo and always has been.
The only real way forward as far as I am concerned is to Woo ICL given their local prominence and take it from there but will they just sit and wait till we are broke? that is the question. I would counter that question with the fact that we have Torps in place and that should be used as a bargaining chip with ICL? Just an idea WTF , it seems options are limited at the moment.
Fingers crossed K hang on for now until further development of GL and Warick has been done.
I have noticed that during the selling side of these campaigns, at least 60% of the trades appear as AT (Algo/Automatic type trades).
I have often imagined rooms full of institutional bods sat at their screen pressing the sell button :O), but in reality though, I think matters are far more automated and algo driven these days to bring the SP down gently and not attract spikes and other bots attention. Fascinating stuff!
'This could fall further next week before the bottom is found and we see a recovery. '
With respect, Yes it will fall, but recovery?
Unless we can see an increase in Institutional holders next week , whom up to now have been off loading, I cannot see that happening anytime soon, can you?.
JR, Sorry mate , but the show's over given the SP.
The Parrot is F----n , Dead, sadly.
Know how you feel, am in exact same lifeboat as you, £50K, (yours is £62K, I recall) but sadly the Norwegian Blue Parrot is no longer, it's F----n Dead!
Ten days ago you wrote; 'Well if you had been following the current vacancies you would have known if they had increased or decreased and what positions they were looking to fill. You would also know if the Company is putting out “disinformation” or genuine information, you would only know this if you had watched the website.'
No jobs advertised now sadly for a while that I can see on the SM website for obvious reasons.
Ok, it's just a thought but.....What do SM have that Boulby don't have right now, but would like? 11+ m of Torps?
That might possibly provide a meeting of minds, ie, ICL agree to fund the completion of the shafts in exchange for SM selling a % of their TORP's (Subject to agreement of course with TORP customers whom would receive Poly4 product earlier?)
Maybe the answer lies in bringing both companies together in some form or shape?
Thanks Jay, need to think, if WW does not come in as expected, at least we will have another 3 drills to look forward to and so the 935mmboe Dec 2017 CPR may change?
That was my point I reckon, just trying to get my head around the reserve estimates, and therefore the implications on Edison type reports etc, that will soon be out of date anyway?