Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Probably because they can’t - they know too much.
Hi Lauren,
Good to see you post here.
I also feel the bonds will get away, and this will prompt a re-rate. Too many institutions with deep pockets behind this project now to allow it to fail.
All the best.
Thanks.
Roobans and Myo,
Does the Citi stake suggest that they may help get the bonds away, or take a stake in them?
Not sure why they didn’t do that when the bonds first came up?
Thanks
R,
What’s your view on the Citi RNS yesterday, and it’s strategic implications? Thanks.
HI S,
CF said after the holidays - I presume that means when they all return in September..
For the first time since the delay to the bonds sent the shares reeling, I am feeling more positive, and the tide may be turning. Citigroup would not be coughing up that money if they thought it was going to fail. CF and employees remain confident. Too many BIG investors with deep pockets will not allow this to fail. Still 3 weeks to go before the bonds come back on the market, so expect more ups and downs so we PI’s get spooked into selling. But I think a bond deal will be done and this will re-rate. DYOR.
Surely $500m will be small change if we ask the Qatari’s, Jupiter and Norfes Bank to pitch in at a decent interest rate. That would make the SP rise dramatically, secure their investment, and they could trade the rise that followed. Win-win-win!
£300m is new share offer at 15p - so 2bn new shares.
I’m unclear as to what the $644m convertible bonds will convert at? That will determine dilution.
$3bn is a combination of a bond and a loan - so no dilution.
Been a long time coming.
Credit to CF and team for getting this done. It’s a huge milestone for the company.
If funding is secured, it could mark the beginning of the long awaited J curve.
Let’s see...
I think the reason the SP is hovering at this level is because the market expects the new share raise is likely around this level. Once that becomes clear, and how much dilution is going to happen it will re-rate.
May be a short term hit, which is why Capital Group are selling, but by the end of the year should re-rate.
I expect 40p by December, but hey! , it’s like reading tea leaves!
If you are shorting the stock, you’ll be waking up with a sweat today,
And may consider closing it down, which should also push the SP up.
Hope CF shocks everyone and delivers ST2 before the end of the month!
All the pieces of the jigsaw coming together nicely.
Will give confidence to lenders, make finance more likely at a better rate,
And reduce risks going forwards.
Beginning of a series of announcements?
Well done CF!
This is what confuses me!
I’m so confused by the days events.
Share price rises 20% while an RNS drops that
Someone has sold a bucket of shares.
Who can read the tea leaves here?
Now we have 2 options to consider, not just one and there is a definite offer on the table.
‘More flexible and attractive’ solution to St2 debt - looks good to me!
Should rise on the back of this news - IMHO
Looks like a leak for sure. Expect an RNS soon.
If they can raise the funds, even with dilution, should rise by the time production happens in 2014.
Disappointed to say the least in the BOD.
This is on the radar now - recommended by the Daily Mail and other Analysts as a stock most likely to do well in 2019.
And with good reason too.
We know that the banks are likely to lend $1.5 billion and government is likely to offer a loan guarantee for $1.5 billion.
That still means we need to raise the remaining $1.5 billion from the markets. Has the company indicated where that will come from? Government are just underwriting the loan - not actually giving us the money.
thanks
Manoj
Calisto - In the ROW, especially in Jndia and China the drug will be used for a variety of indications, and not restricted in its use like in the US.