What I thought, what I now think6 Aug 2018 03:55
In August 2011 this is what I thought:
https://www.youtube.com/watch?v=RBboliU4UPg
In August 2018 this is what I think. Disclaimer I now own many 10's of millions of shares. I turned our customer management to N&B years ago and now only manage our families money and the Glickenhaus Foundation's money. I'm a long term investor. I don't actively trade anymore and never have with SXX. I have no more information than any of you. I still think this stock is a screaming buy. I have great faith in management and have for many years. I think that SXX based on take off orders will be able to raise all needed funds to complete the project at a favorable rate with little dilution if any. I think in about 5 years SXX will have about 1 Billion GBP of EBITDA to distribute to shareholders in the form of dividends. At this stage I think the annual dividend could be between 10-15P. I believe the stock will then sell at at least 1 GBP, likely at 2 GBP and possible higher. This is simply what I think as what I said in 2011 was what I thought then. I did mistakenly call Sirius Minerals "Sirius Metals" on Bloomberg TV but as my buy recommendation turned out to be not too bad I hope you'll forgive me. Best Jim