Member Info for OldRascal

WhysoSirius I got lucky. I know that. But don�t paint the current younger generation as victims. It is not my fault. Today, everybody wants to be a victim. You are young. Look after your health. Don�t drink alcohol. Don�t do drugs. Be kind. Life will reward you. OR

Well I don�t mind admitting that I got lucky. Ridiculous house price inflation. Successive governments giving away public properties at knock down prices Employers offering pension schemes without understanding the risk of increasing longevity I feel for the kids of today.. hopefully most will benefit from inheritance. OR

... to say �I don�t know anything useful�? https://investomania.co.uk/2018/06/does-sirius-minerals-plc-have-solid-growth-foundations/ OR

If the BOD consider that a government guarantee is essential then not getting that guarantee would be a disaster. I�m not sure they could raise $3billion any other way. OR

TORP - Take or Pay The customer signs up to take an amount of Poly4. If they don�t buy it they pay a penalty. OR

I think it has been stated that the Treasury guarantee is essential to the Project. To me that could mean that without the guarantee, the site could be mothballed - perhaps until post Brexit (to provide trading clarity). OR

Go On Now, And Deliver? OR

If I was CF I�d be absolutely sick of jumping through hoops by now. Lucky for you, I�m not. OR

That is... It would not say much for the Northern Powerhouse. I thank you. OR

Without a government guarantee, the Tories will be toast in the North East. It would say much about the Northrrn Powerhouse either. OR

Just maybe, the TorPs that are in the bag were with the easier customers. The low hanging fruit, so to speak. Just maybe they are struggling to find customers to sign up to the deals as currently offered. Just maybe we will not sell 7, 10 or 20 million tonnes per annum, ever. But then, the case for Poly4 is rather compelling. The government would like the mine to be a success. Of that there can be little doubt. We will know soon enough. My investment isn�t such that failure would destroy me - it represent less than 15% of my investments. I hope it will one day be over a third. OR

To discuss Poly4 sales strategy and latest crop trials results. Some may consider that a sales push. I don�t. It is clear that Sirius need more sales agreements. The company have said so. There is a possibility of further dilution. The company said so. Very soon, we will know what it is to be. OR

Has the company said that the sales team were brought together in order to push for more sales? If not, this is simply speculation. I don�t know if anyone (significant) from the company reads the twaddle on these boards. I hope not. OR

Never say never. I will not sell my shares but I do not rule a drop to 25p. OR

It could be argued that Plan B was Plan A. The U.K. guaranteescheme for infrastructure only kicked off in 2012. OR

I understand the concern regarding dilution but it doesn�t bother me too much. If a share issue of 10 billion new shares was the better option, so be it. Sure, I would own less of the mine but it would be a mine and it would be a mine with no debt. I think Stage 2 will be 100% debt or close to it. Could be one third new shares. Not long now until we all know. OR

When the cost of the guarantee is known, including any potential sweeteners (such as cleaning up Boulby or the former SSI site), it may be that Plan B is a better option. Time will tell but I have no doubt that CF and his team will build this mine. OR

I am sure that all shareholders who live within commuting distance of Boulby hope that they continue to mine into the future. Boulby has provided a good income for many locals, my family included, for many years. I understand that corrosion is a suignificant problem with much of the infrastructure. The costs involved with transitioning to Polyhalite and the cost of dealing with the corrosion, are not insignificant. But then, the costs of building a new mine and the tunnel etc., are hardly chickenfeed. Most of the people I talk to who work or have worked at Boulby pin much of the mines�s hopes on a Sirius buyout. ICL have other assets that are more profitable. I cannot rule a buyout. It may form some kind of sweetener for the Treasury guarantee. But I trust our BOD to only do a deal if it is in the best interests of Sirius. Personally, I would like to see the mine site returned to a condition befitting that of a National Park. But only when the mine is no longer viable. Any future planning applications by Boulby may well struggle if a mine near Whitby is producing 20m tonnes. OR

$3billion will not be transferred to Sirius�s account. They will draw it down as required (and only then start accruing interest payments). I guess they will wish to draw on the funds guaranteed by the Treasury first as these will be the cheapest loans however, HMT may have a different set of demands. OR

It�s life Russell but not as we know it, not as we know it, not as we know it Captain. OR