Member Info for jqnewcastle

I like the idea. They can find an opportunity or can buy back the shares if the SP will go down further.

I bought 20k this morning @15p, unbelievable.

What news?

BCN might be an example. They failed to raise money in the summer of 2018, and the SP was dropped from over 130p in early 2018 to 16p in early 2019. In the summer of this year, they found a strategic partner who bought a large proportional of shares (about 50%) with the price of 25P. The SP is moving in the range between 30 and 45 afterwards, and the closing SP is 31.15P on Friday. If we are lucky and can find a strategic partner, this may give us a hint on what SP will move. It depends largely on what SP strategic partners will agree to take.

I have the same feeling. Invested heavily here. May have to be patient.

Stroga, a bit better than you, -47.18%. Topped up a little bit with 15.8 and 14, but seems a falling knife. Look forward to the reply of your email from PS. GLA.

This year's dividend is lower!

Those are the worst investigation so far for me (even worse than some stocks I bought before 2009). So far, KDNC was down 77.49% and BCN down 22.52%.

Hi MT3, I don't think we have fundamental difference here, just be cautious. Don't use all your ammunition right now and also don't invest a large proportion of your money to a company having a single project only (certainly I don't suggest to sell at the current sp). You may have a better chance later. GLA, JQ

MT3: thanks the post. I share with your point but with caution. I started to invest SXX much earlier than ST1, and have learned a lot of lessons (good and bad). Our PI usually have much less information than II, and need to be cautious to invest our own money to any company (including SXX).

Before ST1, the sp of SXX ranged from 30 to 45. SXX announced on 02/11/16 that they would raise £330-400m by placing with price 20 to 30p; and us$400-450m by convertible bond of 8-8.5% rate and conversion price 25-30% above the placing price. The final results were:
raised £370 with placing price of 20p; $400m by convertible bond of 8.5% and conversion price us$0.3076 (which is 23.5p based on the exchange rate today), the worst-case scenario in their original plan for our investors. Consequently, the sp went down to around 16p after ST1. The royalty financing from Hancock is even more expensive.

I still think SXX will be successful to raise money in ST2, and the sp in future will be high (may be much high) than the current price, but we cannot ignore the risk and uncertainty.

NB: what is your point?

The announcement can be found in the following link:

https://www.nemaskalithium.com/en/investors/press-releases/2019/854b1346-3761-413d-892d-85c8517ef660/

Many thanks, BBN. That is very informative.

Agree. It is time to top up or buy back.

http://www.lse.co.uk/ShareChat.asp?ShareTicker=SXX&share=sirius_minerals: Sirius Minerals changes $3bn debt plan following lender talks

The following are some interesting (fair) points:

"The first portion is expected to be a $500m to $700m high yield bond, according to analysts, followed by $1.5bn of bank debt and a further $800m to $900m of loans guaranteed by the UK government’s Infrastructure Project Authority." "However, analysts said the plan would result in higher financing costs, at least in the short term".

"Each tranche of this new structure will be fully committed from the start and, whilst it may raise the cost of the debt for the high-yield bond, this could be possibly offset with lower rates for the IPA at the end of the construction period." said Liberum analyst Ben Davis.

GLA

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No trades yet so far (after 14:05). System error?

There is no any trade between 12:19 to 13:10!