Member Info for mcadder

Picked up a few more this morning however couldn't get a live quote for more than 1M shares @ 0.13 so settled for 950k. Looks like anyone will have to pay premiums for decent amounts now

Perhaps progress at last? Gold results expected to be good.

"Some of the world’s most important gold mining districts are found in Nevada’s three major northwest trending belts: the Carlin trend, the Battle Mountain-Eureka-Cortez trend and the Walker Lane trend."

WALKER LANE TREND ......

Great Western Mining’s licence areas are well positioned within the Walker Lane Trend – a complex zone of regional faulting within the larger east California shear zone.
The Walker Lane Trend contains numerous large mineral deposits, such as the Comstock Lode (Silver) and Yerington and Pumpkin Hollow (Copper).

Plus Great Western on Twitter today....
Great Western Mining
@mining_great
6h
"We Have a strong and enviable land position in Mineral County, Nevada exploring for Gold, Silver and Copper"
"As well as working on our own projects we will also be actively seeking new ventures and opportunities"

This could be back to 0.5p+ in no time...

Took a few here today risk vs reward too good to ignore down at this level.

Spread tightening here could start nudging back up soon ...... with regards to trolls I don't engage with them fwiw

I think you'll find that Mr Fraser would rather Sirius minerals retain ownership of this world class asset by placing another 7B shares if need be to raise further capital towards shaft sinking and derisking the project to allow for remaining funding, than allow a major stakeholder to come along and buy it in a fire sale.
And I'm sure that is the message he has been sending loud and clear to those who might have other ideas. Whether that be BHP, Rio Tinto, Glencore etc etc or indeed a major Chinese stakeholder.
For Mr Fraser it's business as usual while they find a solution and if anything they continue to impress by preserving available capital while showing that they have exceeded expectations with progress on the tunnel.
They are sitting on the largest known deposit of polyhalite in the world and once the infrastructure is in place the low cost of production per tonne will allow the company to pay back debt and pay regular dividends in no time at all.
Mr Fraser is not about to hand that on a plate to anyone even if it may be at a premium to the current SP. Whatever solution they choose to enable Sirius to reach the next stage on the road to the company going into production and becoming profit making and self sufficient I myself am quietly confident.
I drive past Lockwood Beck and Woodsmith mine twice a week and the sheer scale of the project never ceases to amaze me.

Wow some serial rampers on here - I suggest some stop looking at this with rose tinted glasses and do some research and you'll see just how distant a cousin that the Sheikh is to the royal family.
You only have to look at adme to see what he did there in a very short space of time. And when the sheikh sold his holding he dumped the whole lot (£1M worth of shares) in one go crashing the SP from nearly 15p to 5p. Still managed to double his money though at the expense of everyone else.

Wow was that a 25M buy just shown up?!

Well I can buy so don't understand your problem getting a quote. I see that the hype of the sheikh is wearing off here already just like it did with adme before he buggered off after a short time having made a tidy profit at everyone else's expense...

The continual decline in the SP here is becoming hard to watch I wonder how those investor's that chucked in money here at 7p are feeling now?

Tree shake or not added another 450k at 3.51

"The new approach would help de-risk the project and mean less dilution for shareholders, including thousands of local retail investors who have backed the company."
"The miner has also identified almost $370m of cost savings by reconfiguring tunnelling and processing plans."
“We have a number of parties?.?.?.?actively engaged in due diligence and they are working through that programme. We are also in discussion with a number of financial investors about debt financing,” said Mr Fraser.
"Most of the $600m, which needs to be raised by the end of March, will come from debt investors, according to people briefed on the plans, with the balance from a strategic partner."
"Analysts reckon a sovereign wealth fund or a potash producer could be a potential partner. The Qatar Investment Authority is effectively the biggest shareholder in Sirius."

With progress on tunnelling continuing to exceed expectations according to Sirius, then imo we could be looking at potential cost savings of nearly half a billion pounds by March - a figure imo that will bound to have a positive impact on discussions for funding the project to construction.
Let's not forget that the day prior to the bond news announcement the SP was trading 4.5 times higher than current levels at just over 15p so this is still priced in by the market to fail.
Any whiff of a breakthrough and the SP should at least double within a few hrs....

Have watched this one for some time all the way from the recent highs of 0.60 down to current price. High risk imo but gotta be worth a punt at this level if they can just deliver on results here.
May pick a few up this week

Cheers MKS I may pick up a few here next week ;))

I invested here ages ago from the ride back up to over £2 from £1.10 just after the accounting issues surfaced.
Looked in here a few months back when this was hovering around £1.40 and again this week to see that YU is currently trading just over 80p!
Am considering taking another punt at this level as imo if further revenues can be established as well as increase in margins I can see this trading back to £2+ levels.
Any thoughts anyone?

Well guys it wasn't easy but managed to pick up a few hundred thousand shares this morning at just over 11p gla

Not a holder here but after seeing the interview this evening I'll be looking to pick up as many as possible first thing on the way back up towards 20p+ which clearly is where this is heading and pretty sharpish imo.
The short attack today on the share seemed almost unbelievable and now it's the longs turn....

That 20.6K buy (40M) after closing bell tonight certainly no punt money.

Back to flat on last trade. Looking ready for the next leg up here imo

Couldn't agree more good riddance - got a few more myself today