Member Info for OldRascal

The FT report the facts but with a little dig - ...commercially untested product.

Maybe fair but no mention of the numerous successful crop trials.

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It’s the 265 trades that bother me. RNS expected 26th May.

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Dilution is unlikely to be minimal imho. Those who provide two thirds of the cost of the mine will want significant equity - why wouldn’t they? I just hope there is something left to reward existing shareholders.

Not long now.

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52% in 4 years is pretty good. But I do take your point.

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http://www.morningstar.co.uk/uk/news/AN_1429718940764684500/sirius-minerals-shares-to-be-suspended-ahead-of-planning-decision.aspx

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69 days is £4,028.66

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https://www.excelfunctions.net/compound-interest-formula.html

I agree with Andrew. The linked formula works in Numbers on my iPad.

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If I was stumping up two thirds of the cost of the mine I’d want two thirds of the equity.

Anything less than 14 billion new shares is a good outcome for Stage 2 imho.

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I’d be happy with a tv documentary detailing the Woodsmith story. A site visit would be great but not if it diverts effort from building the mine.

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Sirius have it covered. They’re building the exit first.

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I own shares in about a third of a mine (money spent divided by overall cost to build).

If the number of shares double and the mine is built, I’ll own half the current % age but of a whole mine. Is that really dilution?

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I’m not sure however, maybe Capital Group had a lot of shares on loan to shorters who suddenly returned them to the Group or decided to buy them from the Group. If they were returned and if the group didn’t want to hold them when they are not loaned out, maybe they sold some.

Whatever, it is a most welcome rise. Fingers crossed we can head back to Port30.

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AlanG

We have been here before.

A steady rise to 40p followed by a depressing drop to 20p. This may be yet another rise and it may be followed by yet another drop.

I’m a forever holder. Until I die. Not because I’m smart but because I’ve only invested that which I can afford to lose. And lose it I might.

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Unlike most posters here, I have met Casapinos in person. I understand his position and his reasoning. It is sound.

My own position is less sound. I hold because I BELIEVE.

I’m not an investor. I bought a few hundreds of pounds of shares in the past. Usually in gas, electric, TSB, water and anything else the Tories were flogging off - certain winners? But never 230,000 shares in a potential mine in Yorkshire. I don’t even know how I got here. But here I am.

And I love it. The sp is pretty much irrelevant. But it’s nice when it rises in a day by more than I spend in a day.

Today was a good day.

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Nothing strange Dagger. It goes up and down and down and down all the time.

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You can get invites to AGMs even if you hold your shares in trust but, you need to ask your broker to deal with this. I use Halifax ShareDealing.

https://www.halifax.co.uk/sharedealing/help/corporate-events-and-dividends-help/

I have bought shares on the open market. My money went to the person who was selling them.

I have also bought shares in the Rights issue and that money went to the company as part of their Stage 1 fundraising.

But, as I alluded to earlier, one share is equal to one share no matter from where it came.

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Nobody can distinguish between LTHs, day traders, shorters nor any other group.

The fact that I have accumulated my shares since 2013 is irrelevant. I am no more (and no less) important a shareholder than any other.

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Financiers may think that they hold the key to unlocking Sirius’s potential. They may believe that their money is worth more than what the current shareholders own.

The simple fact is that Sirius need 3 times more money than their market cap in order to make a single cent from sales of polyhalite. They will demand their ounce of flesh. That is how they make money. Most, if not all, would not care if the shareholders lost everything. They are only in the business to maximise their own returns. We can only sit and wait - in the hope that our BofD pull off a palatable deal on our behalf. But even the BofD only really care that the mine is built and that they make huge riches from their endeavours. And why not, they have worked hard to build this dream. They should be rewarded.

I’m just a shareholder. A gambler if you like. If my gamble pays off then I’ll be happy with my returns. But, whether my gamble pays off or not, the BofD will get their mine and the Stage 2 financiers, along with Gina, will get their ounce of flesh.

Not long now.

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I think today’s modest rise is due entirely to people loading up their ISAs.

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