Member Info for jonesrichard

I just wondered if it would be deemed as 'price sensitive information'? i guess maybe it might be dependant on the wording within the FT article, i suppose whe nthey state 'believed to be' that leaves it in the speculation camp but if instead it had said 'JPM have confirmed that they are...' then it is confirmed and I'm guessing they would have to inform their shareholders that they are in negotiations to lend Sirius x amount of money as in theory there could be JPM shareholders who wouldn't want JPM to be lending money, however smaller % that is of their overall wealth, to a speculative mining company.

In reality I doubt that that would be the case, i'm not sure what is deemed price sensitive or not when it comes to RNSable news, I have no doubt that some at the FT have contacts at JPM who they most probably contacted off the record and were most probably told that it is correct they they are in negotiations with Sirius but they requested that it not be explicitly stated as fact as possibly that would make them liable to have to release an RNS which costs money.

Anyway the above is only conjecture at this point but was just interested to know if JPM would have to RNS anything with regards to ongoing negotiations.

Ok thanks for clarifying the source of the article, quick question, if it wasn't JPM would they come out and state that it is not correct that they are in negotiations with Sirius? I only ask as obviously JPM are on the stock market themselves so statements like that in the FT could have an impact on their share price couldn't it?

My bad I miscalculated, obviously at the time there were less shares in issue so it is correct that the market cap would not have been as high as 5B at that point in time. Apologies for incorrectly stating that it was that high. My mistake.

Either way who ever said that the stock market is always logically in how an sp behaves, sentiment can take sp's to places you never thought could happen at any particular time, up or down, so that coupled with the fact that we have a unique product I think we could see £1 sooner than others think.

Also even though for some of us (guilty as charged) this company is a huge thing, a huge story, the vast majority of the country would give you a blank look if you mentioned the words Sirius Minerals to them but we should start to get more national exposure once the mine gets closer to actually opening and getting the stuff out of the ground.

Found the following article on ADVFN with recent quotes attributed to CF, hadn't seen them before, not sure if this has already been posted on here by anyone but just in case thought I would post, all seems pretty positive I must say:

"Sirius Minerals is making good progress towards securing $3bn of debt financing it needs to complete development of giant fertiliser mine in North Yorkshire. The London-listed company said last month it was in talks with a “major global financial institution, over a new funding package for the project, which it hopes to finalise by the end of the month.

Speaking on Friday at a launch ceremony for its first tunnel boring machine, Sirius chief executive Chris Fraser said the company was making good progress in the discussions with the unnamed institution, believed to be JPMorgan. “We are pretty confident we will get there,” he said, adding that the new proposal would give the company greater flexibility to pursue “refinancing” and other opportunities “along the way”.

“The best way to describe what we are working on is a capital markets led structure?.?.?.?rather than bank-led project finance,” explained Mr Fraser, a former investment banker. “Under project finance, it can take six months to go through a change process?.?.?.?to get all of the banks to sign off. But with this proposal you have capital providers who are backing you to manage the risks and deliver the project,” he said.

“You can also build a balance sheet that transfers nicely out of being a project into an operating company.” Under its previous plan, Sirius was looking to raise $800m to $900m of debt backed by a UK government guarantee, $500m to $700m via a sale of high-yield bonds, and $1.5bn of debt from a group of banks

Sirius launched the first of the 225m-long tunnel boring machines on Friday that will link Woodsmith with a port on Teesside. Each of its three boring machines, which are capable of advancing as much as 60m per day, will complete a section of the tunnel and line the walls with a total of 150,000 concrete segments. https://www.youtube.com/watch?v=Kc7ZrQPsUXw

“Today marks another important milestone in the delivery of our project,” Mr Fraser told employees, contractors and local dignitaries at the ceremony."
https://www.youtube.com/watch?v=17au-_uckYE

The share price was above 50p 3 years ago so had a market cap of 5 billion at that point which was before we had signed up more torps and progressed with the building of the mine, I accept that there are more shares in issue but I believe that we could see the sp exceed £1 at some point in the next 12-24 months presuming there is not much more dilution and the building of the mine is completed on time if not a little ahead of schedule.

"daft share holders that paid 37p a share" behave Cliff, let me guess you paid 10p before the rise to 50p then you sold at 50p and bought back at 17p then sold at 39p and then your last buy was a few weeks back at 17.25p?

The 'daft shareholders who paid 37p' won't be looking or feeling daft when the sp is £1 + in 12-24 months time will they.

One day within the next 9 trading days will show us all how much CF values us patient, loyal shareholders, then we will be able to access how much thought there was for shareholders when it came to negotiating the stage 2 package, the stage 1 wasn't favourable to shareholders at all so I'm hoping that he wil make up for that this time around.

I agree that the article is negative but your post was an blatant deramp attempt in my opinion, I mean you just stated that you are going to sell at a loss didn't you? because you just read a one sided hit piece online? all of sudden it makes you decide that you must sell at a loss at once? come on if you really don't think that your post looked like an obvious deramp then I'm not sure what else I can say.

Come on Rooster, you can do better than that can't you? your deramp crew boss won't be paying you for many more of these types of posts unless you improve on your content.

Your 2nd post ever and it just so happens to be a blatant derampy one, you must think we were all born yesterday,.

Thanks for coming anyway. Take care now.

Don't like that IG article, much too negative so I will just ignore it and just keep telling myself that everything will turn out just fine just like I have for 5 1/2 years now, yes it could go wrong but then again just think of everything I will be able to acquire if it goes right,.

Anyway not long to go now until we will most probably see an sp of 40p + or -15p

9 trading days left that could transform the share price, would be good to have everything confirmed before this Thursday ideally but as long as it is on favourable terms for shareholders then I guess Tuesday 30th will be OK.

Have been waiting since 2016 for the sp to recover to 50p + so not too worried having to wait another 2 weeks.

Volumes should continue to be high as investors increase their holding or decrease their holding, GLA LTH's

Is it still 2 years +? I thought it is due as things stand May 2021? hopefully will be much sooner than that, I see what you mean though officially 24 months to go, would be great if it turned out to be only 18 months or even 15 months, only time will tell on that though.

Stanley, I think everyone would be more enthusiastic about progress in construction if the progress was reflected in the share price, I mean where should the sp be right now? probably around 40p until the stage 2 is confirmed then it will obviously move up significantly from there.

the 40p price is based on we were over 50p prior to stage 1 finance, yes there were alot of shares added after that which never helps an sp but down to 17p was crazy, so right now around 40p is about right as look at the progress there has been with regards to construction in the last 2 years, the final piece of the jigsaw here is the finance as the construction seems to be going better than expected, 2 months ahead of schedule in fact.

Anyway only 10 trading days left to wait now, it feels a bit like waiting for xmas as a child, the only difference is with this thing the reward is a possible short term 50 % - 200 % gain on your investment.

Does the times article contain a quote from CF? or is that from a different article? can't seem to read all of it without being a subscriber?

SIPPn00b, why would you keep posting on BB about a company that you have sold your holding in because you obviously have reservations about being invested, wouldn't you be served better posting on BB's of companys you are actually invested in and believe in? it doesn't make any sense to be here does it, can't be doing you any good can it.

I'm sure anyone invested here understands the risk when you invest in any company so no need to keep repeating yourself is there.

Obviously this company isn't for you and that's fair enough, I just don't think it will do you any good hanging around posting negatively about the company.

I wish you all the best in whatever other companys you decide to invest in in the future rather than here. All The Best to you.

So when the next quarterly update is released (The last one was week beginning 22nd January so on that basis it should be weekend beginning April 22nd which is a bank holiday so guessing Tuesday 23rd April could be a very good bet) should state at least 2 months ahead of schedule? if so the market usually adores that type of news.

Coupled with successful stage 2 conformation it looks like we finally could be looking a a significant re rate for the sp! and about time too! this week may have just been a teaser of what is to come, can't wait to see what the deramp crews come out with once the sp is double from where it is now. Actually looking forward to the next 10 trading days where at the end of it the sp will be well and truly out of it's 6 month rut!

0.46p up on this week overall.

Sp Closed today 21.16- 1.12 %

We started Monday Morning 20.70 so we have closed the week 0.46 % up, looking forward to news within the next 10 trading days. Well done all LTH's

SIPPnoob, think you might be a bit paranoid, I didn't mention any names did I? but you seem to think that yourself that you fit into what I was describing. Interesting.

They are all part of a deramping crew who target stocks, once stage 2 is confirmed and the sp re rates you won't ever hear from them again but right now the volatility of the sp is playing into their hands but hopefully not for much longer.

Iv'e seen many of these crews over the years, you need to try to ignore them, I've been guilty of biting in the past but have learnt to just not respond if you can because that's what they are looking for, the name of their game is sowing discord on BB's and trying to drive the price down, in the long run it doesn't work but this week they must have been in heaven but at least within the next 10 trading days they should be blown away hopefully, most probably then to be replaced by a new crew (most probably the same people but using new usernames) then it will just be a matter of ignoring whatever nonsense they start spouting, so it's just a game to them.

Still looking good for hopefully a 22p + finish which will be ok bearing in mind all of the games that have been played this week, guess you will get this type of stuff just before a company has a significant re rate in their sp.