Member Info for mrJimV

with a bit more research over the weekend I think investors will see this is a better bet to invest in that so many other AIM shares , Spirit Energy newes is really first class news and hasn`t sunk in yet with many investors out there , when the drilling program starts next year and the whole bill falls on Spirit Energy and the wells are flowing it should be fantastic for the SP . ,

Hopefully get back into the 30`s soon with todays news ,

Good RNS , very happy at least the Market like it .

SP is cheap as chips , we should be 60p easy now with the news on operations and the FO with Spirit Energy , with the ship sailing 65p then FOIL 99p then climbing .

Very nice ,everything on track no hold ups , ship nearly finished with it`s refurbishment , company certainly keeping to it`s timeframes .

I remember when you bought and topped up you would have only made a few quid after your fees ,it may have been best you sold up because the way you posted you seemed a bit worried about the SP all the time you see a bit of red , maybe you were using money you didn`t want to put into shares but thats the best way , anyway good luck with your other shares and i hope they treat you well .

ifonly / I am not sure why you sold ,the AM has not even sailed yet or anywhere near WOS ,in the last RNS Spirit Energy have just said they are willing to put up near $400 million for drilling next year why are you running away ,this is the reason the markets make so much money because some haven`t the patience or they get scared when they see the SP drop a few pence but you know the fundamentals .

I like this bit .
all eyes will be on the Lancaster early production system

If all goes well with the data I can see a lot more activity with the majors eyeing up HUR , SP could rocket what with Spirit Energy onboard with their near $400 mill

Would be nice to see the ship move off this weekend , that would put a bit of spice into the SP .

Downplane / You are treating this news yesterday like an oily having a Duster , They have a cost over run because the tunnel is going to be bigger and thicker walling , there is no change , in the webcast yesterday they are still going into production 2021 , if you remember when the shaft started and they changed the way that was being built no one said anything other than ok thats good , they have changed the tunnel and making it bigger so we have to live with that , the mine is still going to be built and be the biggest fertilizer company in the world .

Don`t listen to the derampers than know less about SXX than p*ssing in a urinal .

If folk aren`t sure about whats going on go to the RNS and listen to the webcast and questions and answers after , CF put the full picture what is going on , you will have to sign in but only takes 20 seconds .

johnpwh / SXX maybe wanting more cash but they are going to have a bigger tunnel and have thicker walls , maybe to get more material through but remember they will be the biggest fertiliser company in the world , 10 million tons a year after a couple of years into production equal to 27,000 tons a day ,if you can think of those big builder bags 27k of those a day then few years after 20 million tons , well over a billion profit a year straight into the ftse 100 ,nothing to be sneezed at as they are in the 250 now ,2021 is the game for that , i`m in at 13p and heavy so well tucked away , um now HUR nice rise today just need the ship to sail then we can see the sp to new highs

Dickyboy / yes you are right thats why I have got my shares tucked up and waiting for production , this stage2 is a waiting game thats for sure.

Yes worse case but he could still borrow the full amount , the main reason for the RNS is bigger tunnel and thicker walling for the extra cost, but if there are delays then maybe chase the shareholders but I still say he can do this on debt .

j1osf / Haha don`t believe that $600mil on dilution , if that happened at around 1 billion more shares that would not be priced in , I think it would be another chance for a top up if you get my meaning .

Well I don`t want anymore dilution , stage1 was dilution lets hope he can still do what he says and stage2 debt .

They are ,

Plenty of money coming in within 5 years
Hence from the RNS ..
Revised Project economic analysis

The key assumptions underpinning the revised financial analysis are as follows:

·    50 year mine life from first production with no terminal value assumed;

·    First polyhalite in 2021;

·    10 Mtpa production in 2024;

·    Expansion to 13 Mtpa in 2026 - capital expenditure funded from operating cashflows;

What ever happens SXX is still going to be the biggest fertilizer company in the world , folk can deramp and knock the company but this mine will be built ,