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Think I’ll just stick with Trooper, mesen.
Cheers,
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Nope. It wouldn’t make sense - not for me anyway. And I’d resist such a proposal vigorously. Nothing serves current shareholders better than debt based funding which - if all estimations are anywhere near accurate - would be paid off within a decade, leaving future profits to be distributed to those who’ve taken the biggest risk and, in the case of many, endured the longest wait.
Cheers,
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“How about if Hancock took a 60-70% equity in SM in return for the $3 billion - that would make more sense.”
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Strewth... your weekend would appear to have started early!
Cheers!
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Are you suggesting that DMC were naive, negligent or completely incompetent when they agreed to be incentivised for early completion set against existing target price and schedule guidance then, Tricky?
Find it hard to think so myself.
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Gotta love a tunnel:
Four people travelling in the same carriage of a train - an Englishman, a pretty young blonde, an elderly old lady and a Frenchman.
It all goes dark when the train goes through a tunnel. In the dark there's the sound of an almighty slap, and when the train emerges from the tunnel the Frenchman is rubbing his face, and there's a huge red mark on his cheek.
The old lady thinks: "I bet that Frenchman groped the blonde in the dark and she slapped him."
The pretty young blonde thinks: "I bet the Frenchman tried to fondle me in the dark, got the old lady by mistake, and she smacked him."
The Frenchman thinks: "I bet that Englishman fondled the blonde in the dark, but the blonde thought it was me and she hit me by mistake"
The Englishman thinks: "I hope there's another tunnel coming up soon so I can slap that French **** again."
Cheers,
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“With the exception of four specialists, who have been brought in to train the new team, all of the workers who will run the concrete segment facility have been recruited locally. All of our team will gain new skills – we are providing industry accredited training and general up-skilling to all new employees that will serve them well for long term employment in the construction industry.”
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A compelling reason - if one were needed - just why this endeavour should be benefiting from govt. support. If a Japanese car maker just up the road can be offered a sweetheart deal, it is hugely disappointing that a British company that is doing, and will continue to do so much to provide good, skilled jobs and contribute massively to the regeneration of an area crying out for it, should have been left dangling by the scaling back of a guarantee that our chairman on more than one occasion described as “essential”.
We now find ourselves in discussions with a “global financial institution” - elsewhere reputed to be JP Morgan. So from concrete batch workers and qualified engineers, to young apprentices and the local community, it is lamentable that so many people with so much at stake should be looking to an American bank to keep this show on the road — primarily because our dysfunctional government - one that can shake ‘the magic money tree’ to acquire ‘confidence and supply’ from the bigots in the DUP (that’s going well innit?) - lack the wherewithal, commitment or desire to invest in the economy of the north.
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Yep, those trades are real, and will have transacted during trading and only published after close. Lest anyone should get overexcited by what would appear to be some large buys, it is worth noting that London Stock Exchange does not attach a buy or sell determination to any trade. Many of those ‘buys’ will very likely be sells, and only show as buys because they are higher than the midpoint when they were published — which in these instances was taken from the spread at 16:30 when the market closed.
Regards,
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Good morning to you too, Roulette. I think we can be pretty sure that there will be short positions currently being wound down — after all, unless intended as a hedge, who would want unnecessary short exposure on a rising price.
The lift in price we are witnessing is undoubtedly very welcome, however, I think pretty much most of us knew it would come. As Scotty says though, holders should excercise caution if they think of trading this rise. As well as amateurs, significant movement very often attracts those with pockets deep enough to move prices on their own. Often unexplained to readers here. It’s happened before and will undoubtedly happen again. Sirius is a popular retail share. The opportunity for easy pickings will not go unnoticed.
Regards,
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Well, according to Michelle Pfeiffer, nearly all parfumiers keep something like 25% of their ingredients hidden, so you may well be on to something there, Brad!
Regards,
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None of the Sirius shares held by Capital are held on their own behalf. Rather, they are ultimately held by clients of a variety of Capital’s advisory and investment management businesses. Of course Capital do manage the holdings and their input will be a factor in any decision making, ultimately the decision to buy or sell will still be taken by the beneficial owner. Given that those owners can range from pension funds to high net worth individuals, we could probably spend all day trying to second guess their reasons.
Regards,
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You’ve brought (sic) some shares, in a company you know very little about, and you’re soliciting views/advice/opinions from faceless individuals on the internet? Forgive me but, you don’t really deserve this to be a winner.
Be sure to be thankful though — because that there’s every chance you have just pinned the tail on the donkey.
As an aside, anyone wondering why ‘the market’ seems to act irrationally on occasion, well... here is your answer.
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“Considering the company’s capital needs have already jumped to $4.2bn from the original cost estimate of $2.9bn the group provided when it listed in 2005”
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Given that Sirius Exploration listed as a company prospecting for copper in Macedonia in 2005, I wouldn’t let the author’s grasp of the facts bother me too unduly.
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Don’t sell yourself short, Fred. I should have thought that the vast majority (including me) will have transferred their 2018-19 allowance at an opportune moment somewhere in the thirties if they were going to. And to be fair, it would have been the obvious move, because I cannot imagine there will have been many who would have deliberately left it this late. Doing so would have been fortunate rather than clever imho.
When I said this year’s I should have been more precise, because I meant 2019-20. And whilst I would normally try to choose an advantageous opportunity some point in the year to buy into my ISA prior to selling from my trading account, this year I’ll be making the most of the opportunity of doing so ahead of any ST2 news, which we all know should be coming within the next few weeks.
Regards,
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“it's all about the number of shares in the Tax haven”
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Indeed, Chesh. And who’d have thought this year’s allowance would have provided us with the opportunity of bed & ISAing circa 20p?
Regards,
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“Brexit then drained attention in Westminster from either scheme.”
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The gift that just keeps on giving, huh?
Interesting to note the Maybot’s disdain for Osborne’s initiative, however. So much so that she even banned Percy from using the term “Northern Powerhouse. And perhaps casts a little light into the shadows surrounding Capital’s unexpected reduction in holding. That fact that Mr May works for Capital will be entirely unrelated, I am sure.
Thanks for bringing the article to our attention - I’ve just finished reading it in its entirety.
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He’s still there in beta. - Which would seem rather appropriate. Lol.
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A lovely thought, but you may wish to check your spelling. Unfortunately.
Regards,
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Whilst there may occasionally be a divergence of views in approach, methodology or opinion, EVERY company’s directors work on behalf of - and the benefit for - the owners of the business. I.e. the company’s shareholders.
First and foremost they are charged with managing the business in order to maximise shareholder returns. And for companies that may not yet have any earnings, every action taken by the executive must be made with the intention of keeping the company solvent in the first instance, and navigating to more fruitful waters in the second.
Woodsmith may very well be Chris’ baby, however, ultimately, he is an employee of Sirius Minerals — an extremely well remunerated one of course, but, an employee nonetheless. As such it is incumbent upon him, in all things, to act in the owners’ best interests. Thankfully his interests are very much aligned with ours.
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April fool’s joke, Scotty. Deleted no doubt because one of our bigots in residence deemed it off-topic. Sad, vacuous little minds...
Safe journey.
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“whilst collecting $2-300 mil in fees alone for fronting it, plus interest etc.”
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Based upon the hundreds of millions trousered in fees thus far too, ‘banking’ for Sirius Minerals would appear eminently more rewarding than doing something silly like risking your principal by being a shareholder.
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