Member Info for OldRascal

IIRC, somebody contacted the company regarding the quarterly updates and was advised that they would continue to be published along the lines of the previous year.

I think it must be delayed, if it is delayed, for a reason. Whether that is a good or bad reason we will have to wait.

Having said that, I don’t see the point when the Investor Presentations are issued quarterly and any news of interest is released via RNS.

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AIUI, they are being kept as options for ventilation. I guess that if a planning amendment was required at Woodsmith then Sirius could fest one or both intermediary sites to negate the overall impact on the National Park.

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IIRC, to reach 20mtpa, the TBS shaft will be extended to depth to provide an additional production shaft.

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I wonder if the cutting machines could be built at Teesside at transported to the site via the tunnel?

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They will sell all that they produce. They will produce all that they can.

They need to open up the caverns and get the cutting machines in place.

The banks will be advised of the cash flow forecast.

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If Boulby added value to the Sirius project, they would acquire it - possibly for free and even then the cost may be too much.

Sirius could licence ICL to use the granularisation process (for a fee of course). They could even take Boulby’s raw product and make it ‘market ready’ to save the cost of having two MHFs and storage depots. Again, for a fee.

I wouldn’t rule out some form of joint working in these areas. I really don’t think Sirius will buy Boulby because it adds so very little. I trust that Sirius hav3 sufficient polyhalite to maintain the trials programme.

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PAAA

100% debt for Stage 2 would be fantastic. How likely is it? I’d say 80% likely based on current level of TORPs.

I minimised the dilutive impact of Stage 1 by buying a load more shares. I’ll probably do the same at Stage 2 if the opportunity arises. I’d rather not.

Institutions need to buy in post Stage 2. A share offering be a requirement from the banks.

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Some of the money that Sirius will borrow will be to pay back the loans.

How on earth do you expect any mine to reach 4.7 mtpa with only a small diameter hole in the ground?

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We have about 75% of the required TORPs.

I guess we already meet 75% of the commercial debt security requirement. Maybe £750 million can already be raised on commercial terms. That leaves £2,250 million to be funded by guaranteed loans and share issue. I’d settle for £1,750 million of secured debt and £500,000 of new shares at 27p to make up the remainder.

More debt and less shares would, of course, be more desirable.

Banks should be keen to lend - assuming what we know is based on truth.

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It’s only profit if you sell of course.

If any of my tenants move out I’ll pile more in here. However, they all seem to want to stay put and the houses are their homes. Might be tempted to mortgage one of them if Stage 2 involves a share issue.

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If I walk a couple of hundred yards I can see the cranes and d-walling machines on the horizon.

My investment here is modest. I am a cautious investor who prefers bricks and mortar to shares. House prices rise and fall in a more predictable way than shares. I am just inside my comfort zone with enough shares which, if sold, would fund a modest rental property. I could buy a house and earn £400 pcm net of taxes and fees. So, I would like my Sirius play to increase by 7% per annum. I am not sure that it will over a month or two. Maybe not even over a year. But, it has increased by double that over the 5 years that I have been on board.

I know the mine is going to be built. I understand the risks but equally, I understand the rewards. If it’s a year or two late I won’t worry. The signs are that it will be on time. The team haven’t let us down yet.

No amount of trolling will sway me.

If a share issue forms part of Stage 2 I will do as I did at Stage 1 and double my share holding.

This is an amazing project in a beautiful part of the world.

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If the Welsh believe the Swansea project would work, why don’t they raise funds via the stock market and get on with it?

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... and the taxpayer makes money out of the deal.

IF the mine is built and makes sufficient profit to repay the loans. There must be a little risk otherwise the guarantee wouldn’t be needed.

The Treasury makes money, not the taxpayer. HMG waste billions every year on defence, the NHS, education etc..

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IIRC Boulby produce around 600,000 tonnes per year. Probably much of that is for Sirius’s crop trials.

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Sirius would need to get their product to Boulby for it to catch the train. Impossible over land because 20 million tonnes is a lot of lorries although I have a small trailer that would help a bit. Except, they wouldn’t have got planning permission for road or train haulage.

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Discuss whatever you want. Patting ourselves on the back may provide a sense of self-worth but adds nothing to the debate. OR

I don,t get it either. The shop is shut so the price is irrelevant. But keep it up if it rocks your boat. OR

The FT talks of a target of between 6 and 7 million tonnes. If we go for 6 then we are almost 80% of the way there or if we aim for it is 70%. 350,000 tonnes is about 50% of Boulby,s capacity. It may be a small percentage of 20m tonnes but it is still a lot of product. OR

It has got up on the day (so far). Market not excited by a small TORP. Long way to go to satisfy Stage 2 Lenders. OR

I have heard a number of LTHs say that they have stopped topping up and/or sold a few so that they have cash ready for any cheap shares issued aaa part of Stage 2. Personally, I am not topping up but I am not brave enough to sell some either. OR