Member Info for PerArduaAdAstra

“Sadly this has no benefit to the current shareholders...”
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Despite the fact that everything you see evolving across all our construction sites is as a result of the hundreds of millions raised at ST1?

The hundreds of millions that the likes of Highbridge stumped up to buy our convertible bonds? The convertibles whose net long position necessitates short coverage in order to minimise exposure? Ah right, yes. Those ones.

Dig deeper...

As for any deliberate manipulation, woolverstone - to my mind that’s little more than idle conjecture, I’m afraid.

But, I can do that too. Try this:

Knowing that a successful closure of financing is imperative, the Sirius team launch their roadshows in good time. In doing so, they give themselves plenty of time to get the message ‘out there’. After receiving a number of enquiries from interested parties, one in particular strikes a positive tone and indicates that perhaps some formal discussions should ensue. The Sirius, JPM and attendant legal teams get their papers together and negotiations commence.

After closing their pitch it seems highly likely that a deal will go ahead, and we’ve got a buyer for the first round of our HY bonds.

Meanwhile... thousands of miles away, a big orange baby predisposed to opening his mouth without thinking and conducting foreign policy via Twitter, gets out his phone. A few characters later announcing tariffs on $300bn on Chinese imports, and financial markets go into meltdown. This is reflected in the bond market also, where from 30yr gilts to the overnight rate, basis points start mounting. In short order, all the figures quoted in the paperwork become outdated. Expired. Obsolete.

Can a deal be signed? Well yes, highly likely. But not that day. Not until those present in that room knew WTF was going on. We were Tangoed.

Is my little scenario any more realistic than yours? Maybe, maybe not. . At least it doesn’t infer our CEO is a criminal though.

per ardua ad astra

That’s correct. LSE service status available here:

http://liveservice.lseg.com/node/143

Cheers,

per ardua ad astra

“Anyway, who cares, its good news and the more of that the better !!!!!“
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It is good news. Of course it is. Unless you’re one of the many PIs who - having experienced one too many false dawns - has let their holding slip from their grasp at, what by all estimates , is an incredibly surprising price. And one many (including me!) would’ve never have thought we’d revisit.

It’s a natural part of any companies evolution that early investors will gradually relinquish their holdings to institutions. It is disappointing to see it first hand however, and witness the process and mechanisms that demonstrate just how it comes about.

I’ve seen many fellow shareholders come and go over the years (with opportunity cost and inflation to consider, more than a few who will have done considerably better than me too), however, it’s still a shame to see the likes of Citi, jumping in at this late stage, for a price that some early investors possibly with greater vision - or perhaps, bigger balls - did many years ago.

Personally, I’m stickin’. I Made that decision long ago. Adding to my slice of the pie is a more recent one, however.

Lol.

per ardua ad astra

Morning, Fred. I should very much doubt it myself. The bods are slated to be sold by end Sept., and although the meetings and roadshows are one hold, I reckon we’d still be very much in the market if the right approach came along.

Regards,

per ardua ad astra

“this share stinks if you look at its history it stinks”
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You’re just sore because despite knowing the history, you still don’t know how to read it - and profit from it.

I hope you take the time to read and reflect on some of your posts over the last few days though. Some of ‘em have been decidedly poor form, imo.

per ardua ad astra

“I am at work atm, can't really type & call.”
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Lol... so having started out on this naive endeavour, you now wish to abdicate responsibility for it. Can’t type and call? How about calling and typing all about it when you get time?

Or, better still... don’t.

per ardua ad astra

Suspend? WTF are you talking about for goodness sake? If you - or anyone else for that matter - think that this is the end of Sirius Minerals, then you are either deluded or, simply too overcome by fear to think straight.

And clearly, never met Chris Fraser.

Sheesh...

per ardua ad astra

Good call, Vin.

*****ing about Sirius wanting a greater institutional base, whilst at the same time demonstrating the most compelling of reasons for one, certainly ain’t gettin’ us anywhere.

Cheers,

per ardua ad astra

http://lmgtfy.com/?q=benefits+to+companies+institutional+ownership

Cheers,

per ardua ad astra

“They know the bond market as well as anyone.”
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Indeed. Why do you suppose they advocated this route and the RCF in the first place then?

Regards,

per ardua ad astra

“Remember delusion sustains illusion”
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Says the guy pretending to be someone he’s not?

Just sayin’

per ardua ad astra

Morning, Mazda-babe. Dunno about ramper but... I’ve just bought real shares on the opening bell for the first time in years — if that tells you anything.

Cheers,

per ardua ad astra

Good morning, Cranleigh. Much as I like the idea of a 50% finance risk (and the uplift completion should entail), can we fairly only ascribe 20% to market when, ADM and Wilmer aside, there’s not too many established large-scale users/distributors on the TorP roll-call?

Regards,

per ardua ad astra

Anyone lauding the establishment of a freeport on Teesside care to elucidate to this particular thicko, exactly how it will benefit Sirius?

Many thanks,

per ardua ad astra

Stick a selfie up, jessell. Then everyone can see.

per ardua ad astra

Spot on, Myo. What a fraud.

per ardua ad astra

Good job we’re not relying on contributions to inform and delight though, eh John?

You seem to offer little more than criticism of others’ contributions and, for some peculiar reason strangely believe anyone gives a fig about how many shares you own. Top contributions! #******

per ardua ad astra

Admin aren’t routinely patrolling the board, tuckupp. Unaware of how powerful a community can be (rather ironic on a Sirius Minerals board), it is the small minded bigots unable to tolerate anything that isn’t of immediate interest to themselves that are the real issue.

per ardua ad astra

Members (ooh... you are a wag), why have you firstly cut and pasted a Motley Fool article without crediting the author, and by doing so , somewhat duplicitously inferred the thoughts were your own? And secondly a selective cut and paste really is poor form when you do so only to support your Machiavellian agenda. Entirely unsurprisingly you seem to have omitted the conclusion posited by Roland Head in the closing paragraph. A conclusion that finds:

“The firm’s own projections give the project a net present value of 68p. This represents the value today of future cash profits. AT15P, THE SHARE PRICE SHOULD PROVIDE AN ATTRACTIVE MARGIN OF SAFETY (my caps).

If I wanted to invest in Sirius, I’d consider buying some at this level. But I’d only do this with money I could afford to lose and wouldn’t need for at least five years.”

Talking your book and hoping to mislead others into doing likewise? What a charmer! No wonder people seem to have taken a dislike to you.

per ardua ad astra

Hiya, John. That link is for the convertibles issued at ST1. They’ve now been exchanged into the 2027 expiry convertibles issued in part 1 of ST2 in May. The corporate bonds that are currently being hawked around the market are a different entity entirely. Apart from the fact they will command a heavy coupon (institutions are far more risk averse than you or, I) there’s not much information too chew on at the mo’.

Cheers,

per ardua ad astra