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Comment:

From the FT article of today per this thread, the production date is 2021.

Per FT, Sirius is currently at £800m mkt cap and per the FT*s quote of $20bn {£15bn}, that could mean a 15 TIMES + BAGGER?

Please note that is from the horse*s mouth [SXX CEO] and is therefore his comment.

All the usual caveats apply. Just posting notes for my own future reference from the said FT article.

Please check. DYOR.

Wed 1 May 2019

Comment:
From the FT article of today, Wed, 1 May 2019 with reference to $20bn would equate to £15bn at £1=US$1.3 say.

In theory, that could be £1.5bn ...at P/E 10 say.

contd

"The size of the EQUITY portion was larger than we expected and comes at a big discount, but does DE-RISK the project in the long run, said analyst at Berenberg."

"The $825m cash call effectively closes the 1st phase of the co*s ambitious funding for the Woodsmith mine which is situated near Whitby on England*s northeastern coast."

"...the co is currently valued at £800m."

The title of the Financial Times article after tweeting: "Sirius raises more than expected in $4bn fertiliser project."

rating for debt issue."-Financial Times, 47 mins ago, Wed 1 May 2019 by Neil Hume.

"Sirius Chief Executive Chris Fraser said the co spent a lot of time over the past 6 wks talking to high yield funds and expected to get the bond issue "DONE."

"We have also been though a private rating process for the bond..we are very confident that we will get a SINGLE B RATING, Mr Fraser told the Financial Times."

"Mr Fraser said he expected most of the PROJECT FINANCE BANKS that had been in discussions with Sirius earlier this year to BACK its new financing plans. We have had a lot of expressions of interest already, he said."

"Mr Fraser explained that JP MORGAN would not have offered a $2.5 revolving credit facility unless it believed it could be SYNDICATED to other investors. They [JP Morgan]...wouldnt say OK we will take all the risk...BIG BANKS arent run like that."

"The involvement of JP Morgan is a big vote of CONFIDENCE for the project and will help silence some of its critics who said the co would never be able to finance the mine or find buyers for its organic fertiliser, which will be sold under the name Poly 4."

"....We will get this bond DONE. We will deliver this project and maybe then I will allow myself a moment to look back and reflect-until that time it is all about moving forward."

"Only once this thing is a $20bn FTSE 100 co will the skeptics be satisfied..and even then I*m sure they will find some reason not to invest in this co, he said."

https://twitter.com/LONDONAIMCAP/status/1123545201513988096

Note: Please check as there can be typo and copying errors.

Stefi Trenberth Tweet: "Mark Calderwood discuss the JV to produce and sell battery grade lithium HYDROXIDE with Pr. oactive Investors AU. Its an excellent opp for A40 because it gives us an INCREASED MARGIN per tonne, without the need to build our conversion PLANT." [Embedded is the Video Interview] 10 hrs ago, Wed 1 May 2019

https://twitter.com/StefiTrenberth/status/1123374881150660609

On-topic as Alliance Minerals is the next door neighbour of Cadence Minerals at their Picasso lithium project in Western Australia.

P.S.
Investors have a new method of evaluating co*s - they only buy if the share price rises which cuts out the need for the necessary ie research, evaluation and analysis. I have read this on Twitter and on the forums.So...

Just checked. Online says that average daily volume is 22.35 million.

So, today*s 271 million shares traded is 10 TIMES average volume.

From my observation, sometimes, there is only 3 million - 4 million shares traded per day.

On the main forum, KDNC showed a volume of 164.005 million bought and 96.868 million sold bringing the total to 200.823 million shares traded today, Tues 30 April, 2019 [After KDNC RNS re: Hastings Technology]

On the KDNC.Pl forum which is the NEX platform, 33.942 million shares + 37.371 million shares were bought and sold bringing the total to 71.313million shares traded.

So, in total 271.21 million shares bought and sold on both the main mkt and NEX.

This is way over the normal trading volume.

Quote:
"100 years mine life."
"The project is expected to generate over £100bn for the UK economy over a period of 50 yrs."
"Expected to be in p r o d u c t i o n for 100 years."
https://en.wikipedia.org/wiki/Woodsmith_Mine

"So Sirius is raising more than expected - $3.8bn vs $3.4bn to $3.6bn. Big news is the support of JP Morgan, underwriting equity and convertible bond issues plus a $2.5bn revolving credit facility. A big vote of confidence in UK construction project." 13 hrs ago, Tues, 30 April, 2019

https://twitter.com/humenm/status/1123115486085025792

<>"JP Morgan backs $3.8bn Sirius Minerals fundraising."-FT, 30 April, 2019
Written by Neil Hume.
https://twitter.com/humenm/status/1123115486085025792

Quote:
"It reckons Sirius has the potential to become one of the most profitable fertiliser producers in the world, said people familiar with its thinking." [Preceeding sentence:The US bank was appointed in 2015.."]

"Analysts at Berenberg said the funding was a crucial step....This is a long term positive for the project*s viability albeit the additional equity component may be a surprise for the market, they added."

So many Australian co*s reporting Qtr Activities Announcements. Aeris Resources [AIS] said in their Qtr*s that the assay result for their Torrent*s JV [South Australia re: copper] which was reported earlier that it could be bigger than BHP*s Olympic Dam nearby.

Auroch is near AIS*s JV site. Cadence owns some 6.7% of Auroch, ASX: AOU.

behind $3.8 bn Sirius Minerals fund raising."-FT, 30 April, 2019

Thank you Barksy1.

I was a bit concerned that Kiran was on holiday or out of the country.

Just re-check. The above Interactive Investors article still there with the above title.

jp morgan backs deal. Down as much as 22% to a two year low, Sirius Minerals insiders expect a major re-rating of the shares writes Evans on the Money."- Interactive Investor, 3 hrs ago, Tues, 30 April, 2019

https://twitter.com/ii_couk/status/1123195849373302780

Quote:

"House broker Shore Capital summed up today*s developments as a critical juncture for the co: Successfully securing the Stage 2 financing is effectively unlocking Sirius*s vast potential, and we expect should catalyse a major re-rating of the shares."

"...Yuen Low said an investment in the co would become progressively de-risked and enjoy significant uplift as it advances to production."

"...most actively traded stock on the interactive investor platform this morning."

record in Mar."- FT Commodities, 32 mins ago, Tues, 30 April, 2019

https://twitter.com/ftcommodities/status/1123233437782085634

Quote:

"World*s only polyhalite mine in North Yorkshire is increasing market share and profile."

"Israeli group*s north of England mine is world*s only source of the fertiliser material."

"During Mar its polyhalite sold under the name Polysulphate, was sent to China, Brazil, both key markets as well as European destinations. It now sells in 5 continents.

"He added: The latest sales figures show the scale of the increasing demand for this Ground Breaking material, which is only produced at Boulby and which is benefiting growth and yield for farmers in so many different parts of the world."

"As Sirius Mineral*s $5.2 bn fertiliser project moves forward, the nearby ICL Boulby mine-currently the world*s only polyhalite producer-is raising its market and public profile."

"...30% increase..expects to produce 700,000 tonnes of polyhalite in 2019..."

A40 on ASX [Alliance Minerals] share price is Australian 16.5c with a Mkt Cap of A$221.9m.
KDNC is next door to Alliance*s High Profile Bald Hill Lithium mine via the 100% owned Picasso project in Western Australia.

HAS [Hastings Technology] on ASX share price is Australian 16.5c with a Mkt Cap of A$135m. Cadence has a 30% JV with HAS on stage 2.

https://hotcopper.com.au/asx/has
https://hotcopper.com.au/asx/a40

I have just tweeted the Founder on Twitter via open file.

Barksy1-Thanks.

LoL- Just checked at Co*s House. https://beta.companieshouse.gov.uk/company/08390571/filing-history

It happened on 25 Apr 2017 [First Gazette notice for compulsory strike off] and on 26 Apr 2017 Compulsory strike off has been discontinued.

So, 30 Apr 2019, First Gazette notice for compulsory strike off.

Please let co know.

Greenland Minerals Ltd [Australian ASX:GGG] Quarterly Activities Ann just out, 30 April, 2019
https://hotcopper.com.au/ggg/discussion/
Its about the EIA etc.

GGG share price is Australian 7.3c & Mkt Cap A$81.55m.

On topic for KDNC as KDNC has the 100% licence next door to GGG. On KDNC website www.cadenceminerals.com they said they are watching the progress of GGG.

Can confirm. Just tried for last 15 mins+. HL can only give a live quote for 1,000 shares at 0.8p. However, once over 1,000 shares, there is no live quote, not even for 5,000. Normal Mkt Size is 50,000.

The earlier buy of 3,000,000 shares at 9:40am at 0.77p amounting to £23,100 appears to be a Buy. HL shows Trade by Volume at 9.38am which is a sell at 0.74p.

HL shows that volume is 7,222,812 and Mkt Cap £793,000 athough cash is £1m from recall.

Tues, 30 April, 2019