Member Info for Longtermview24

AA admit that this is a tier one asset at a price too good to refuse, they're complimentary about what has been done to date and don't plan to change the strategy and spending outlined for the next two years by Sirius.

So bearing that in mind, particularly AA endorsing the future strategy to progress this project, begs the question why Fraser cant raise the funds. If AA had said they didn't like this or that about the plan and they had a better strategy all of their own, that would be one thing, but to steal this ball and run with it in the same direction at the same speed?

Something doesn't add up

POLY4
@SM_POLY4
28m
28 minutes ago

We’re excited to join @Cefetra at @RiponFarmServ Show @YEventCentre in Yorkshire . Talk to our teams about multi-nutrient POLY4 and how it can improve crop yields and quality.
@BayWa

------

Hey SXX, what about a tweet @baywa we're rattling the tin, can you chip in - we need to find $600M , rather than we're at the Ripon Farm Show. Nobody gives stuff about the Ripon Farrn Show right now

http://siriusminerals.com/investors/shareholder-information/significant-shareholders/

You read the Q and A's and you wouldn't conclude anything other than the SR is ongoing and there is great confidence that the $600M will be raised someway somehow, Still find it unbelievable that they've stuffed this up and it's likely game over.

There is enough support for an equity raise (albeit with massive dilution). Why is this not being considered as a financing solution Fraser?

The BOD have been holding out one particular course of action while pursuing another. Nowhere did they ever mention they were considering a sale as an alternative to financing. They have not upheld their fiduciary duty.

Sirius Minerals

@siriusminerals
14 Nov 2019

More
Our herrenknechtag TBM ‘Stella Rose’ has been making such great progress, the strabag_official team will now use only two machines to help complete our mineral transport tunnel from Woodsmith Mine to Teesside,…

Sirius Minerals
?


@siriusminerals
28 Nov 2019

More
Our TBM 'Stella Rose' is exceeding expectations - building our mineral transport tunnel much faster than anticipated. It achieved its best daily rate to date of 40.5m on 26th November 2019.

Congratulations to our Strabag and Wilton teams - keep up the good work.

AND ALL THE WHILE THEY"RE CONSPIRING WITH AAL WTF!!!

From 10 Nov - just 10 weeks ago -

Strategic Review Progress Update:

https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=1344049&culture=en-GB …

The review considers and incorporates optimisations to the project development plan and explores alternative financing solutions.

Note it says financing solutions NOT a sake for pennies.

What a bunch of shysters #classaction

Major 10 year supply and distribution agreement signed with Muntajat, a state-owned Qatari company, for the sale and distribution of over 2 million tonnes p/a of POLY4 into Africa, Australia, New Zealand and some Middle-Eastern and Asian territories.

Sucking us in.....despicable

Following media queries, we have provided a very clear statement that there is no intention to take Sirius Minerals private. Our focus continues to be on completing our strategic review and unlocking the value of our project for shareholders, our community, and the UK as a whole.

There's a class action here. AAL better be ready

Fraser needs to go to jail.

I cant be bothered to trawl through every RNS since the outset, but Fraser managed to raise tens (possibly a few hundred) of millions to get this thing off the ground preplanning, then $1.2 BILLION, including $400M equity, when it was still a field with planning and barely any TORPS; then another $400M equity and $400M in bonds (returned when the first tranche of the rcf failed) when he had two years of construction and 13 mta TORPS and now, suddenly the well runs dry, when this raise would get through the "risky" (but not to AAL) bits of construction.

Something smells.

With all due respect and no offence (and we all know what that really means), I'd prefer an actual update from the company than your made up one IBAB.

A rights issue is the way - the only way - that preserves sholder value. Fraser shouldn't be selling out to his Aussie mates.

So AAL have until 5 Feb to put it on the table. Meanwhile the clock runs down and the BOD are now conveniently restricted in how and when they can communicate.

Update on construction progress?
Update on Strategic Review?
A substantive answer on a Rights Issue?

It's a rat trap Billy and we've been conned.....

"If he was do you really think he'd tip you off with a public twitter announcement."

On New year's Eve, after a couple of shandys.? Quite possibly. It has disappeared after all, hasn't it?

LMAO IBAB "paranoia??!!" Junior member of staff eh?!!! He's the manger of Investor relations. His name appears at the foot of every RNS. He is the point contact for all shareholders. Junior position my ar@e. You don't think he doesn't know what's going on. Give me a break. Better still give us all a break and clear off for another long lunch.

You're really in wind up mode total aren't ya!

Let's try to get this back on topic - saving our investment - and away from IBAB and his stalker spamming the board.

Is no one else concerned about the tweet and the subtext?
---------
It’s known as a farewell toast isn’t it? Probably didn’t realise how insensitive it was at the time and has been informed to take it down

-----

Appychap, with all due respect, Tristan Potts , the guy who is head of Investor relations , the guy who can no longer talk to any of us without a chaperone (begs the question why not get a chaperone, so you can talk - maybe that's a very convenient excuse?), BUT he can tweet - "Lang may yer lum reek" which is a farewell toast as you point out, and you think it's "insensitive"????!!!

I'd say it was a lot more than that. This was a tweet put up at new year, a week before the offer dropped. The head of investor relations clearly thinks the writing is on the wall and he didn't come to that conclusion only on New Year's Eve. It must have been known to him well before that.

We're being stitched up here. If the Strategic Review is ongoing with any meaningful effort, I'll eat my hat. Those in charge seemed to have given up. We don't know that for sure but in the absence of any engagement with them and going on the evidence in the public domain (from Pottas and the RNS - "expect to recommend the offer if it's made") it appears we're being sold down the river.

If a sale at a few pennies is the outcome, then I really hope there are some serious consequences for all the decision makers at Sirius and sholders fight for full disclosure and transparency. This mine could be saved for current sholders with a rights issue at as low as 2 or 3p and I'm certain such an RI would be successful.

This is not about clueless investors. We were told the IPA was pre-qualified; we were told there was a group of Mandated Lenders who were on board for a number of years, even pre stage 1 and were prepared to put up up to 1.5 BN to be matched by the IPA for another 1.5BN. We secured 13 mta of TORPS . The terms were kept confidential but one would assume that the TORPS would help secure financing (in the same way that you might prelet a building before starting construction - once you have the building full of tenants you would think getting funding to build the building would be a no brainer, unless the leases terms are terrible).

I could go on, but the point is everything we were told gave comfort that funds could and would be secured to progress construction.

This mine may get built and employ thousands, but it will have ruined tens of thousands if ownership doesn't stay with current sholders.

It’s known as a farewell toast isn’t it? Probably didn’t realise how insensitive it was at the time and has been informed to take it down

-----

Appychap, with all due respect, Tristan Potts , the guy who is head of Investor relations , the guy who can no longer talk to any of us without a chaperone (begs the question why not get a chaperone, so you can talk - maybe that's a very convenient excuse?), BUT he can tweet - "Lang may yer lum reek" which is a farewell toast as you point out, and you think it's "insensitive"????!!!

I'd say it was a lot more than that. This was a tweet put up at new year, a week before the offer dropped. The head of investor relations clearly thinks the writing is on the wall and he didn't come to that conclusion only on New Year's Eve. It must have been known to him well before that.

We're being stitched up here. If the Strategic Review is ongoing with any meaningful effort, I'll eat my hat. Those in charge seemed to have given up. We don't know that for sure but in the absence of any engagement with them and going on the evidence in the public domain (from Pottas and the RNS - "expect to recommend the offer if it's made") it appears we're being sold down the river.

If a sale at a few pennies is the outcome, then I really hope there are some serious consequences for all the decision makers at Sirius and sholders fight for full disclosure and transparency. This mine could be saved for current sholders with a rights issue at as low as 2 or 3p and I'm certain such an RI would be successful.

This is not about clueless investors. We were told the IPA was pre-qualified; we were told there was a group of Mandated Lenders who were on board for a number of years, even pre stage 1 and were prepared to put up up to 1.5 BN to be matched by the IPA for another 1.5BN. We secured 13 mta of TORPS . The terms were kept confidential but one would assume that the TORPS would help secure financing (in the same way that you might prelet a building before starting construction - once you have the building full of tenants you would think getting funding to build the building would be a no brainer, unless the leases terms are terrible).

I could go on, but the point is everything we were told gave comfort that funds could and would be secured to progress construction.

This mine may get built and employ thousands, but it will have ruined tens of thousands if ownership doesn't stay with current sholders.

until there is a firm proposal and reasoning for recommendation or not, then there is little to protest against

----

Myo, you seem like a very level headed guy and your posts have always been informational and helpful, but I have to disagree strongly with your assessment quoted above. The fact that there "might " be an offer is one thing, but the fact that the board expect to recommend the maybe offer (from Aussie mates) is quite another and, on it's own is something to protest against.

Fraser should be trying to raise the funds to keep this in our own hands, as was the stated intention of the SR.

If he cant raise $600M at around 2p, he's has failed the 85,000 PI"s, especially the locals who he charmed into this venture with his local presence, local foundation and so on. It would be a disgusting and disgraceful conclusion to have sold so many investors down the river.

And don't give me the claptrap abut creating jobs and the benefit of the mine to the economy whether it's in our hands or AAL's. Without the investors there'd be no mine and no jobs. Are the employees going to top up the decimated ISA"s and pension pots. I think not. So I cant blame those that want to see the thing concreted over.

Its a disgrace.

If Fraser sell this (gives it away) to his Aussie mates, he better leave town pronto. They used to display severed head of traitors on Micklegate back in the day.

I wonder if this is why Gina was not forthcoming with more funding and Chris wrote her off in recent comments. She probably knew more than we did/do

---

Gina was going to stump up $50M once st2 was raised (at 20p!!!!). St2 hasn't happened and will never happen as originally envisaged. A raise to keep the company in our hands can only likely happen in the 2-3p range. I see no reason why Gina cant, at a minimum, pitch in her $50 at 2p - she's get 10 times the shares she would've at 20p. She's already committed to support st2 raise at the time of the royalty agreement.

And we'll be almost 10% of the way there, 50 down 550 to o. It'd be a good start.

Fraser wtf are you doing for your six/seven figure salary and bonus!!!!!!!!!?????????????