Member Info for Oldhamboy

I’m going to suggest that the share price will be held back by the institutions dripping shares into the market at a reasonable but small profit. After all 2p on 17p is a nice turn. I don’t expect a significant move upwards until that shakeout has happened. I hope I’m mistaken.

Errr it’s FTSE 250

I think you are either brave or misguided. I hope it’s the former. Good luck.

The terms of that RCF are pretty fierce I would say and reflect the continuing risk. Those who would like to see CF hanged from the nearest lampost should perhaps reflect on that LIBOR plus 5% is tough stuff.

This is indeed a very good thumbnail summary
https://www.fool.co.uk/investing/2019/04/30/sirius-minerals-share-price-falls-on-funding-deal-this-is-what-id-do-now/

....since this share was trading at around 18p. The difference now is that the mine appears to be funded. Perhaps now we can have an end to ramping and deramping and speculation about end of day/week/month share price and talk about the fundamentals?

Richard. You can ramp as much as you like with your crew mates. It’s not going to affect anything.

I don’t think so Richard and I really hope I’m very wrong

Around 37% more shares in issue. Significant dilution

Where does it say that?

But certainly not 50p or 80p!

Dilution of course but lots of funding. RCF very interesting. We can draw down when we need it

There is a bookbuild for institutions only? Nothing for retail investors?

I’m assuming that’s irony?

Agree KOH but that’s not the point as far as an RNS is concerned. There is in my mind a need to keep the market updated and I will be very surprised if they don’t. That’s not the same as having the funding in place.

I agree Alicia. I think an RNS is more or less demanded tomorrow or today if accusations of misleading the market are to be avoided.

....Panic in the Streets of Whitby (to paraphrase)

Anyone who invests in retail or the likes of intu has my deepest sympathy. Barge pole etc. SXX is different but the lenders will strike a very hard deal. Why wouldn't they?

Milo. Sorry I missed when he said it was a “done deal”. When was that?

What’s the level now please?