Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Good question Nojy. I suspect the city boys know something we don't. Could be related to the IPA guarantee, the price the new raise is going to be done at, or just being held down to allow some II to load up. We pI's are the last to know. I am encouraged by the fact that the construction is going along at speed with no let up, and that Gina agreed to give her $250m before the ST2 was done - both signs IMO that the ST2 financing is not an issue.
Thanks Myo...
It may be that they have mentioned it so many times in different RNS’s that they did not need to mention it again.
Probably an oversight.
Unless some sovereign wealth fund is going to lend them the whole amount :)?
Hi
Anyone else noticed that there is no mention of any government guarantees on the latest investor presentation?
I wonder what that means?
I also bought some more recently - couldn’t resist:)!
Haven’t posted in a while, but been here. I find myself surprisingly sanguine about the drop in the SP and think it will recover nicely. The build seems to be going at an impressive rate - no signs of a slowdown to suggest the finance is in any doubt. More TORP’s to come. I wonder when the rest of the procurement will be finalised and if that will come in under budget or go over in which case more money will be needed.
https://econ.st/2O9U21y
The German potato harvest is down 25% after a long summer. Maybe they could do with some Poly4?
It had great results on potato crops.
Its good to see this rising. About time too.
Looks like some good news may be imminent.
So much potential here, and badly needed in the fight against antibiotic resistance.
Outside the US, I can see clinicians having more discretion to use this in HABP and other resistant MRSA indications, where the patient has a risk of renal damage. India and China have a huge markets, and plenty of patients who can afford this and where this could be used. I don't think we have factored that in to the share price as yet.
Given that the funding for the extra $600m will not have been finalised,
and the risk of dilution will still be in the air.
So I reckon still around 30p at Xmas, but 50p by April and 75p by Xmas next year.
Im a LTH and not normally a pessimist:)
Though the extra $600m feels tough right now especially because of its effect on the SP, in the long run it’s so much better to have the cash cushion, than have to come back later for more. After ST2 funding is finalised, by the end of next year the SP should be much higher than it is now.
Hi LL,
The other possibility is that CF thinks that servicing a $3bn debt is within his calculations,
but not any more than that. He may get a strategic partner who would want a slice of the company - so it is dilution by another name. Much better I think that the extra cash is asked for now, rather than later on.
The $3bn raise is a HUGE deal for Sirius, and one that few companies can pull off...of course its not in the bag as yet, but almost there...
Thanks GK. Good to listen to CF.
WW - That is a good question, and I hope someone from the company is monitoring this board. Simon Carter is the man to answer it though- you can write to him directly and share his response.
Hi SL,
I couldn't make the call.
Could you please elaborate on the issue of a strategic partner and your views on that?
Thanks
Along with the gorgeous September sunshine, this news was lovely to wake up to.
We are on our way to becoming a global fertiliser company, with distribution across the world.
Stage 2 funding conditions should have now been met.
The deal shows the confidence Cibra have in the potential here, and in return we get a share of a distributor in Brazil.
Interesting strategic possibilities going forwards. Could we become a producer and distributor of fertiliser?
And I like the profit share aspect of the deal.
Thanks for that Ivy. I hope Motif can benefit from some of the pull incentives mentioned.
Hoping for news of a global deal this month...lets see.
KOH - it also shows how difficult it was to raise that money for ST1.
No doubt CF would have exhausted other avenues before agreeing this one,
Since he is our biggest share holder.
However expensive her deal may be to us shareholders, her endorsement of the project is probably going to tip the balance in terms of giving confidence to ST2 lenders.
She would not have released the $250m Early if she had any serious doubt about the complete ST2 funding package.
MY worries about burn rate and running out of money before ST2 financing have now been put to bed.
This is positive news and will reassure bankers about ST2 financing.
It also brings her experience to the board which is good for us.
OR- That would be expensive.
I'm not sure CF will agree to that
OR - what do you think the structure of the deal could be with a strategic partner?
What will they want in return for loaning us the money, or guaranteeing completion etc ?
Not been much said about this. Will they want equity, or a convertible bond or a slice of the revenue or...?
thanks
Manoj