Member Info for KnockinOnHeavens

Chesh

- Yesterday's excitement: "It's going to skyrocket tomorrow", "15p range by the end of the week" "buy buy buy" "aaa yes yes yes im cuming"etc

- Conclusion: sell first thing in the morning

- Reality: 6% drop

- Action: buy back 4 hours later at 8.60

KOH

If you want to make a fortune just do opposite to what is said on this board. Works pretty well.

KOH

I was going to say - WTF?

KOH

Old question but:

Why would anybody ever pause the talks and agree to a alternative conditional deal that is dependant on successful issuance of some junk bonds by the certain deadline in the same time saying that "the Alternative Proposal potentially offers a more flexible and attractive solution"? Flexible and attractive for who? Those who doesn't want it to succeed in its current form? Or just April despair?

KOH

He told me the same over the phone yesterday - for some reason I don't feel very "reassured" when somebody tells me that "they PLAN to reissue [the bonds]" right after seeing a suspension, short RNS, panic and a 40% drop in SP....

KOH

"the Company has agreed to engage J.P. Morgan Securities.. to act as initial purchaser of the Initial Bonds on a best efforts basis....."
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I love "on a best effort basis" bit - sooo reassuring....

Just saying.
KOH

People coming on here telling people to 'sell to save the rest of your money' when they're already worried. In an emotional state its very easy to take that sort of advice, and all you're doing is making them crystalise the loss
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As somebody mentioned they usually don't comment much, come only in the bad times and post around standard office hours :) Coincidence? I don't think so. Just filter / skip.

KOH

‘Bucky Hellwig, senior vice president at BB&T Wealth Management in New York, suggested the market might be moving "out of proportion to the events" with many key players away on holiday.’
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I don't understand why people attach such importance to 'holidays in August' - Guys, do you really think those key players are ever 'on holiday'? They work on the treadmill, they work when they eat and they work when they sleep....and trust me - internet, laptops and mobile phones arrived to Barbados and St Barts a long time ago and they are not exactly a 'one man bands', are they?!

Just IMO
KOH

I bought 794 shares today. It made me smile. Because of the size of my existing holding in Sirius (all in) my average didn't even tick and I have no spare money to add to my account atm but I am using whatever cash I have available on my trading account to show some support (+ never bought any at such a low price:) - come on Sirius! (kamikaze mode on)

KOH

Cherokee101

2. The reason company's do this, is because they usually have another plan. The fact they haven't called in the administrators or restructurers, means it could be a good plan...
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Too early for that.

KOH

I just spoke to Tristan from IR:

He reassured me they are working really hard atm to make sure that the sale is executed as planned. The plan remain unchanged in their view. I asked about any emergency plans in case the next round didn't go as planned, his response was that "nothing changed in their view, they are confident their plans outlined in Apr-19 RNS can be executed as planned (by the end of Q3) but if there is any change the market will be notified via official channels and bla bla" He also said they appreciate than the last RNS was short and didn't tell us much but there is nothing more to say at this stage.

Nothing groundbreaking, but he did say they are "confident" they can execute as planned in Apr-19.

Make what you want out of it.

Thanks
KOH

Make whatever you want out of it, I am just sharing.

Thanks
KOH

I tried to contact them twice today, the guy who offered a phone call from IR is apparently at the meetings all day and super busy (I wonder why), it took a few attempts to even get through to the office. Looks like their hands are full atm. I dropped him an email & left my number, they promised they would call back. Who knows, we will see.

KOH

Lol... so having started out on this naive endeavour, you now wish to abdicate responsibility for it. Can’t type and call? How about calling and typing all about it when you get time? Or, better still... don’t.
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At least I am trying to do something positive and keep the board updated instead of wasting energy on bitter and pointless comments like yours. Do you feel better? Good, it says a lot about you.

I am on my lunch break now, no worries - i'll try to give him a call and I'll share with everybody as soon as I know more.

All the best to you
KOH

First email I received today was a standard one (like most of you):

"Thank you for your email and interest in Sirius Minerals. The RNS issued last week stated that as a result of market conditions we have suspended the proposed note offering but we intend to revisit the market when conditions improve before the end of this quarter. Despite the revised timeline, we are still working hard to conclude the stage 2 financing process in line with previous guidance and execute the financing plan set out earlier this year. As part of the preparation to launch the bond process we completed a global marketing roadshow where we had robust, positive engagement with potential investors from the UK, US, Asia and Australia, we look forward to reengaging after the summer break. Construction is advancing well across all of our construction sites and we look forward to updating shareholders with project progress in our next quarterly update. KR, Tristan Pottas"

When I replied expressing our willingness to help (mentioning our bond idea and even offering a loan) he replied:

"Thank you for your email. As a Company we are fully aware of the support we have received from all corners of the investment community. If you would like to discuss any of your concerns in more detail I would be happy to arrange a call at your convenience"

Anybody having too much free time at home by any chance? Please give the guy a call, we might be able to find out a little bit more. I am at work atm, can't really type & call.

T: +44 1723 470 010
E:tristan.pottas@siriusminerals.com

Not much but at least we know they are well aware

Thanks
KOH

Chesh

Are you buying, selling or praying?

KOH

"the time to buy is when there's blood in the streets". The 2.5billion is sat there waiting from JPM, all we've got to worry about is the sale of 500m worth of bonds - RELAX!!!
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I'm not sure whether it is time to relax or not, all I know that most recent huge dilution & insulting "1 for 22" offer gave long term holders a pretty good indication of their place in the scheme of things. The last thing the company thinks about now is us, our holdings or some recognition of our past commitment or fulfilling our wishes about better RNS etc. It is not being negative, it's just a fact. I personally think they don't care much and never did. They just keep going with the project doing whatever it takes to get it done. If it means more dilution, then so be it etc.
I personally just have a hope that it's all being done legally and it's just not a beginning of another scam. That's it. No more requirements. I can understand financial difficulties, unfavourable market conditions, even more dilution as long as they play it clean. And to be honest that last 'conditional' element of the puzzle (ST2 unlocked if bonds sold) really makes me think now - why would Fraser ever agreed to something like that? Oh, I know why (vague as f):

"The Company believes that the Alternative Proposal potentially offers a more flexible and attractive solution to its stage 2 financing requirements and therefore it is pausing discussions with its existing prospective lenders to pursue the Alternative Proposal. "

KOH

15LIVES,

Wow, I admire the attitude. I must admit I s#it myself now but not selling, now way :)
Couldn't look in the mirror if i sold now and then watched it succeed....I pick pain of losing it all over pain of watching it blossom for the rest of my life knowing that I once had a stake in it...:)

KOH

Hi RKB,

I have some experience in recruitment and drawing any conclusions from the number of vacancies on the website simply doesn't make any sense unless you can access the information about the real reason behind it.
Sometimes companies advertise jobs not because they need somebody but simply see there is a huge turnover on a particular position and they may need a backup in the future. They build a data base and then remove vacancies. People suddenly leave which results in emergency job adds. People accept the jobs and then change their mind after a month. People come and go all the time. Departments change their needs which results in more job adds being added / removed from the website. Some vacancies are there 'forever' simply because HR lady didn't remove it on time or the think they might still need somebody next year. Vacancies appear and disappear all the time but trust me, this is far from being an accurate instrument that could be used to accurately read the internal situation within the company.
You need some accurate up to date info from HR Department to truly understand the situation otherwise you read tea leaves.

Hope it helps

KOH

Well they won't get a single one from me either

As i said, sink or swim now, no going back

KOH