Member Info for John2015

another 0.13% to 5.77% .
Arrowgrass (for the third day on the trot) filling their boots. I really hope they get burned.

That should be 9th/10th Aug ! IPad again.

Bellers analysts suggest 12% or less is doable.
I'm assuming part of the roadshow process is to identify purchasers, the amount they want to or will buy and, possibly most important, the return they want to achieve?
If all goes well and there is no shortage of takers presumably the rate of interest may be lower than the 12% , conversely if Sirius struggle to get take up ( personally I would be very surprised - owning bonds and getting a great rate of interest seems like a no brainer to me, others will no doubt disagree )then the interest rate will be higher than 12%. We should know by 9th/19th Aug ?
GLA LTH roll on Aug 9th.

Cheers cp.

OR and robins that means there are at least 3 of us !
I bought on spikes especially last Aug as St2 was imminent , I believed the hype ( live and learn ), had put aside £12k in case it tanked then lost my nerve ( through FOMO or greed ) and bought at far too high a orice a couple of days before the bad news was released and it tanked.
My ave was as high as 25.75 but I have since got it down to 22.4 , at the expense of buying yet more ( now holding 290,000 )but at 18p down to 14.odd.
Lesson learned I will NEVER buy above my average again - if I can get some cash together I will buy at least 10,000 more to get a nice round 300,000 and if the price stays under 22.4 I will probably add again when I can.
Got to be in it to win it. Fundamentals look great. £1 and more is eminently doable by 2024 or earlier, using investor presentation numbers and 50% predicted NOV over shares in issue ( up to 10bn 2027 ? ).
GLA LTH - can't wait for the bonds to be sorted and maybe, at last, getting to a more reasonable, more sustained increase in sp. 25p by year end seems perfectly reasonable, maybe more if the analysts are right.

I'm only seeing one ?

So now it halves ! Pfffttt.

Massive ( by SXX standards ) almost like the market is trying to hold the price down.
Oh but they never do that, do they ?

up by 0.05% to 5.64% (Arrowgrass again) following yesterdays increase to 5.58% from 4.95% (Arrowgrass 0.55% LMR 0.08%).
ARROWGRASS WERE 0.06% PRIOR TO 19/07.
Maybe this explains the sudden panic ? Can't see why though.

Bellers what puzzles me is a few sells of much lower size seem to drop the sp like a stone and one massive buy like that appears to have no effect at all ?

OR very tempted myself but it would only move my ave by just under one quarter if a penny so resisting ( so far ).
It will be interesting to see if any large late reported sales turn up eventually or an increase in shorts ( none reported so far today ) or if this is just a tree shake or day traders. I favour the last option/s.
Still holding, not selling, sell limit at an optimistic £3 ! GLA LTH.

At 14.83p !
Good for them - but how many PI panic sells or stop losses was that ?

Or tree shake ? WTF ?
Time we left this crap behind. Roll on the 9th August.
Taking no notice until the bonds are placed - hang on to your shares IMO.
Don't give them away cheaply thats what the market/Day Traders want. GLA LTH

Link https://www.proactiveinvestors.co.uk/companies/news/224328/sirius-minerals---city-broker-reveals-how-and-why-debt-deal-could-help-unlock-significant-value-224328.html

gdshaw agreed.

gdshaw just quoting the price from my HL ISA.
Never really understood why they choose to compare actual sp in their reports but quote the bid in the portfolio. Anyhoo as far as their valuation is concerned I'm down 0.04p today.

Just for info
new player ? Arrowgrass 0.55% and LMR increased their short by 0.08%. New total overall 5.58% up 0.63%.
Might explain the last weeks sp ?

HL price on the bid so today 15.84 is 0.04 down on yesterday.
Waiting on Aug 9th - if you wanted to sum up the year so far 1 Jan to 1 May 20p, 2nd May to now 15-16p ( with one or 2 little blips during that 7 months.
Certainly looks like sentiment isn't playing much of a part at present, BUT THE MONEY MEN HAVE A TIGHT GRIP. GLA LTH

Thanks wwguk, good to have a date in mind.
Meanwhile looking at the open and sp now groundhog day today ?

for trades, with a lower indicator of volume shows a sale of 927,000 shares at 14:40, ( not declared yet apparently ) which might explain the sudden dip in sp around then ?