Member Info for PerArduaAdAstra

Nokesa, if I were to suggest the over emotive perception that led you to post is more than likely indicative of the reason for the drop back today, would it make you feel any better?

per ardua ad astra

It means you’re on a par with the ‘shelf’ when it comes to thickness.

What a pointless question. How many here are incapable of deducting that the shaft will intersect the the polyhalite seam, ergo the ‘first polyhalite’ from our acreage to see the light of day in 260m years will be brought above ground?

Do you have any sharp objects in your house? Go look...

per ardua ad astra

“and go through the rubbish days like we had last week”
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Don’t knock it too much, Fred. If I recall correctly, there seemed to be advantageous buying taking place didn’t there?

Cheers,

per ardua ad astra

If a U.S. based investor wanted to buy IQE stock, why would they need to wait for American markets to open?

Regards,

per ardua ad astra

“This might be an automatically generated article from simplywall.st.”
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That’s exactly what it is, imho. For more detailed and accurate owner information, see Morningstar:

http://www.morningstar.com/stocks/xlon/sxx/quote.html

Regards,

per ardua ad astra

“Good for him, but that doesn't mean other people don't or should listen to him for that matter...”
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Good morning, dt. You’re spot on. I never ceases to surprise me just how much import some people put on the articles written by contributors to fool. They lambast the publication citing the often laughable views of some of the contributors - only to waste their time then trying to counter them. Royston Wild’s investment parameters differ from those who own Sirius shares. Shock! Horror! What’s the big deal?

Plenty of people pitch up on these forums talking their own book too - even more so if they can stoke up any recent emotive events. Unsurprisingly, they tend to go rather quiet when the price goes against their prognostications however. People such as ‘skier’ who either hit a gate somewhere on his slalom, or, who found his vocal chords muffled in an avalanche of buying on Friday. Either way - like anything in life - it’s all about opinions. We just happen to disagree with Mr Wild. And that’s enough for me.

Hope you’re having a good w/e.

per ardua ad astra

Fake news, Alan. As Duracell observes, the Jacobs information has been in the public domain ever since the company announced it on 06th Sept.

It is only because the uninformed are doing search engine enquiries for ‘Sirius Meinerals news’ that this particular article has entered into the discussion. Good to see you are keeping abreast of things though. Speaking of which, where are the ‘sunlit uplands’ I was promised?

per ardua ad astra

Lol, Fred. Whenever I hear of a ‘fracking stunt’ * I think of him too.

* http://www.yorkpress.co.uk/news/15629966.Anti-fracking_protesters_charged_after_wooden_tower_stunt/

Cheers,

per ardua ad astra

Good afternoon, Cherokee. I’ve just seen your enquiry regarding some of our subsidiary companies - a little late getting back to you, however, I hope you see this anyway.

None of the companies are currently actively engaged. They lay written down and dormant, ostensibly as future avenues of interest once Woodsmith is in a position to fund any further exploration or development.

Back in the day when Sirius Exploration was investigating CAES (almost a decade ago now, wow!) shareholders funded (through dilution) the acquisition of AusPotash and adjacent to this, Adavale Holdings in Queensland; Derby Salts in W.A. and Dakota Salts in the U.S. - the original concept being that solution mining in these areas would leave us with large caverns apparently suitable to store compressed air which would store energy capable of being sold back to the grid.

As it transpired - and is often the way with business - things weren’t quite as straightforward as that, ands whilst we discovered The Potash Stops at the Border™️ in North Dakota, the Australian acquisitions saw us take on Chris Catlow as CEO to succeed Richard Poulden compensating him with hundreds of millions of Sirius shares for his Australian ‘salt’ interests. The precise circumstances of as to how things worked out is open to conjecture, suffice to say it was through Catlow’s previous relationships with Scrimmy and Chris Fraser at FMG, we saw Sirius acquire York Potash a year or so later with Fraser climbing aboard in something akin to a reverse takeover, whilst the ‘Cat’ moved upstairs to chairman. I think you probably know the rest.

Regards,

per ardua ad astra

Morning, sheps. I think we both know only too well who the Chris France that posts here actually is. My rhetorical enquiry was little more than an endeavour to undermine someone who, despite the repeated claims to the contrary, appears to have little interest for anyone other than himself.

Naturally the invitation to clarify any ambiguity has been ignored. More than once now.

Hope all is good with you today. Regards,

per ardua ad astra

Good morning, Myo. I concur - and it’s good to see the full stop on your keyboard taking a (little) less of a beating to boot.

Regards,

per ardua ad astra

Good morning, Chris. Did you ever answer the lady’s enquiry as to whether you were the planning officer with the same name, or are you simply appropriating a seemingly well informed persona to suit your own devices?

Thanks,

per ardua ad astra

Chris Fraser has astounded me repeatedly with his ability to get so many things done that never were his area of ‘expertise’. History has showed us he had the the passion, the drive and more importantly the ability, however, Chris qualified as an accountant and worked as a banker. And yet... he became a salesman and secured mineral rights; he became a politician and won over the local community; he became a planning expert and secured planning for this groundbreaking development; he took on agronomy programmes, educational initiatives, and as a businessman penned a deal to acquire a share in a downstream distributor. He has achieved so much.

But he’s neither a god, nor omnipotent. His background, and all his experience is finance. So if a financial professional - who was the lead arranger in Fortescue’s momentous multi-billion dollar raise - is finding that the money men are exacting a high price, what is he to do? Does he say ‘no, that’s not fair... I have PIs counting on me’ or does he deal with the cards as they are offered and exact the best outcome possible? Because saying ‘no, that’s not fair... I’m gonna take my ball and play elsewhere’ won’t do us any favours either, will it? He’s got a mine to build and build it he will. The returns achieved by that success that first movers were long anticipating may not prove to be all they were hoping for. But hey, that’s life. Things happen. When asked what a prime minister most feared, it was Harold Macmillan who coined the phrase: 'Events, dear boy, events' - and it applies equally to every investor here.

And so, recent events demonstrate that perhaps not everything has not gone as you initially conceived. However, you do say yourself “some PIs like me have benefitted”. That is something to be thankful for - because many others haven’t. Yet.

per ardua ad astra

Hard to argue with pretty much all your points, Andy. Not least because all have some basis in fact and most are certainly not without merit. However...

How else do we build this mine? How else do we establish one of the most significant businesses in the region - one that is already employing thousands and with their wages adding real substance to the local economy? How else do we build a company that is envisaged and intended to last over 100 years, and in the process will not only contribute significant revenues to the exchequer, but also go a long way to helping sustain the agronomic needs of a global population only going one way?

For small shareholders who’ve backed this company through thick and thin - many considerably longer than you I’ll hasten to add - yes, the potential for further dilution is invidious and seemingly iniquitous. Yes, it certainly does stick in the craw and it does leave a bad taste in the mouth. But in saying that, we cannot be blind to the sorry truth staring at us - and that is, despite being there through thick and thin with all the ups and downs that entailed; despite taking on all the risk pre-drilling, pre-planning, pre-ST1 etc. that enabled this company to get off the ground and set it on its way; despite swallowing dilutive fund raisings every step of the way in order to keep the lights on and dream alive - and lets be honest it was very much a dream for many years; despite all this, the awful fact of the matter is, small PIs were never, ever gonna get this mine built. No matter how much we dream it, or, how brilliant that could be.

The real fact of the matter and the nature of the beast sadly, is that deeper pockets than any of us will ever have were always going to be required and thus, called upon. And the demands that big money make are high profit and low risk. It was always ever thus. Now we can rail against the capitalist system or we can accept there’s a clue in the name of that system, and that is that those with the capital call the shots and get the best deals. In noting that, did you ever shed a tear for others less fortunate because your credit score got you a stonking APR - whilst they were forced to resort to Wonga? I recall you getting all snarky though with me sometime ago, calling me pompous or patronising or some equally pejorative adjective, but, it was exactly this sort of thing and the ways of the market I was cautioning PIs to get clued up on.

Contd...

Because it’s a 100% retrace from the last rise, Andy. That’s not to say that a risk-off appetite across all markets cannot have a bearing that will see all riskier shares clobbered, however, as far as Sirius is concerned from a technical perspective, the majority of buyers who took the price upwards from 22p will have either banked a profit or got out about even. Of course there are others on the other side of the bargain who will be feeling the pinch of a trade gone wrong, they won’t though, have a clearly defined entry point which could afford a key technical level in the share price.

There is a sea of red across the markets and such apparent fear could see anything happen - equally that applies to all shares. Sirius’ shareprice has surrendered all the gains we’ve seen this year. Of course the additional funding is a concern and provides an added element of risk, the balance is to be found by that uncertainty when set against the reassurance gained by seeing TorPs signed that confirm a definite market for Poly4, and seeing the build progressing at Woodsmith. Because regardless of what may or may not be going on in the market, that is certainly going on - at speed - in North Yorkshire.

Cheers,

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Today is/was World Mental Health Day, and 1 in 6 Britons experienced a common mental health problem in the last week. A common misconception with mental health is that ‘problems’ need to be serious conditions such as chronic depression or even, schizophrenia. Sadly, it is not that simple. Very often is is the more mundane everyday experiences such as stress and anxiety that lead to any one of experiencing problems. And it can become a slippery slope.

It was a glorious sunshine filled day today - not something you can take for granted in October. Rather than let it go to waste by watching a market that, to be frank, I wasn’t entirely sure what to do with, I thought I’d get out with my dog on the bike. I was fortunate to be able to, because it was the best thing I could have done. From the warmth of the sun on my neck to the chilly pleasure of a 99 whilst looking out to sea, I didn’t think of Sirius once. Bliss.

I’ve now spent 45 minutes trying to catch up with the bewildered and the suspicious to the worried and the agitated. The speculators and the chancers to the genuine looking for answers.And having done so, I am so pleased I took the opportunity to switch off and get out. If you really are here for the long haul then I cannot recommend more highly that you should try and do the same if you are fortunate enough to be able to, because days in the market like today can leave you feeling under siege. And that never feels good.

Look after yourselves.

per ardua ad astra

You appear to be conflating the value of the company with the price of the stock, Avocet. And whilst I don’t want to see it because like others here I’m losing thousands of pounds with every we penny drop, however, I think there’s a chance of another penny or so yet. After all, investors at ST1 did not buy convertibles because they wanted to be shareholders. And there’s a clock ticking.

Regards,

per ardua ad astra

Hard to argue with much of your thinking, wwguk. As much as LTHs would like to think otherwise, it is quite possible that there will be an equity component to the additional funding. Of course we’d all prefer to see mezzanine debt, however, Chris will do whatever Chris needs to do. And as much as he has previously indicated Stage 2 will be all debt, his opinion will more than likely run along the lines of ‘if you’re not happy, sell. And allow stickier hands to take your shares’. As much as it would tick me off on a personal level, the largely PI shareholder base is far from ideal, and unfortunately - without any room for sentiment - the thought that getting the additional funding might come coated with a transfer of shares should certainly make it easier to swallow.

Not good. But only the naive would deny it’s more than likely, very much where we are.

Cheers,

per ardua ad sstra

“Found”? Oh, dear. Should be find of course.

per ardua ad astra

Good morning stokey. Should we found ourselves outside the current mechanism to reduce import duties, reduce paperwork, harmonise standards etc. (Customs Union), I am not entirely convinced that Freeports will provide the economic panacea the likes of Ben Houchen frequently claim. As a nation, freeports allow for a reduction in the tax take (something those of us lauding the potential Sirius contribution to the exchequer will have to consider), and because they are outside many forms of legal duty or regulation, it has been demonstrated elsewhere that they can also lead to a reduction in workers rights, benefits or salaries (offset by tax not paid).

I understand the North East in particular may well find themselves facing something of an economic shock over the next few years. It occurs to me that whilst there may be benefits to be had some businesses, those benefits may not necessarily translate in to better circumstances for workers, or indeed, the U.K. as a whole.

Regards,

per ardua ad astra