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Since we are being precise, as it comes in sulphate form, the potassium contained within polyhalite is actually recognised as high grade potash. The apparent shortcomings centre only on the percentage of polyhalite attributable to potassium - which is 14% (this compares to KCL about 4 times as much).
Cheers,
per ardua ad astra
“and it is information like that which is contained in the post which you refer to that matters a lot more than (random) speculation and conjecture”
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Hopefully. But as Tina Turner might sing were she in the potash business - ‘what’s phosphate got to do with it?
As Myo acknowledged, good digging for the Norwegian/Qatari connection, but, - despite some understanding and appreciation for blends - I’m not immediately seeing the connection between Yara’s search for phosphate (P) and our plan to produce potash (K).
per ardua ad astra
He’s a cheater, a chancer, confirmed liar and opportunist who will say whatever it is he thinks his audience wants to hear. More fool them however, should they neglect to hold him to account when he fails them. As he inevitably will.
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“And by the way, one wonders who appointed those well known thieves to work on the "best effort basis" in a conditional deal announced in April-19 in the first place, hmm?”
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Oh for Pete’s sake, KOH. Get yourself clued up, will you? This must be something like the 137th time that you’ve chosen to alight upon the ‘best effort’ clause isn’t it?
Instead of bleating on about this point, why don’t you attempt to undercover just how commonplace it might be? And perhaps at the same time establish in just what sort of circumstances such an offering might be the most appropriate. Armed with your newly acquired information you can then decide to take a shot at Fraser if you so wish, before hopefully turning the barrel on yourself for being daft enough to invest in an unfunded mining company that is hoping to sell what is for all intents and purposes an unproven product.
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You feeling tired or something, Scotty? I am. Sick and tired of supposedly intelligent adults sticking their fingers in their ears, rather than stretching themselves to understand wtf is going on here.
Anyone happy to accept a no-deal scenario is either entirely ambivalent about their investment here, too dim to grasp the full ramifications of such a situation, sufficiently financially cushioned to ride out the worst of it or, so ideologically driven that no amount of self harm is a price too high to pay so long it achieves their swivel-eyed ambitions. Of course none of these are mutually exclusive and I am sure that for a few more than one will apply. Fools.
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“You didn’t think profits like that were going to remain on the table did you?”
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And why would they? Especially when a no-deal scenario - and all that entails - raises its ugly head so prominently.
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If people reading are unable to draw a correlation between Angela Merkel informing our hapless prime minister that any Brexit deal is now “essentially impossible” (news released by No. 10 ~ 10:30 this morning) and the immediate flurry of trades that took us back down again around the same time, then they are not asking themselves enough questions, or are so ideologically blinded that they will never see it.
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“Doesn’t exactly add up does it”
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A simple conclusion to draw, but, there’s a helluva difference between passively following one man’s dream and being that very man himself who is in prime position to exert the most influence, effect the most change and who effectively has the final say in any decision making process.
Wouldn’t you say, jonesey ?
Regards,
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You’re bang on the money for me, Laker. The fact is society as a whole is struggling to come to terms with the effects social media has. The sooner platforms that offer content provided by their users are charged with ensuring ALL content is within accepted norms, the sooner some of the darker, more malevolent content will start to be addressed. If a newspaper published a letter from reader that had anything like some of the content we see online, then we all know full action would be taken.
Platforms that wring their hands citing ‘user generated content’ are abdicating their responsibility for its publication, whilst all the while trousering huge advertising profits generated by clicks that increase in number the more controversial or provocative the content is.
Like you, I am absolutely convinced that the unfounded allegations, the slurs, the insults and the malignant insinuations would decrease markedly should users be required to register a name, address, credit card details and verifiable security information.
Regards,
per ardua ad astra
Fair play to you, Tony. It takes integrity to admit we may be mistaken, and your 08:58 serves you well imo.
Good luck to you.
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“for him to start apportioning blame on BB’s and investors being badly advised stinks of sheer arrogance and disregard for people that have invested in this project.”
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Perhaps you haven’t read the article, Tony? I cannot recollect Fraser blaming bulletin boards for Sirius’ travails. Rather, he is suggesting that some of those who have invested unadvisedly large amounts (relative to their circumstances) may well have been in part misguided by some of the stuff that is read in places such as this. And even the casual observer would have to concede that he may have a point.
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Put your prejudice aside and grow up. Fraser was born in Yeovil, so can we look forward to your perfidious Albion contribution?
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...meanwhile, having left the frothing Sirius commentariat something something tasty for them to centre some of their more lurid and venomous posts upon, Fraser will hopefully be getting down to business, getting the job done, and getting this project funded. Ideally unhindered by some of the more impractical, fantastical, and downright unhelpful contributions, suggestions and ‘advice’ often read in fora such as these.
per ardua ad astra
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“things go wobbly, government forks out £1B as guarantor.... funders get their 15% coupon, SH benefit from an improved SP and future divis.... tax payer £1B worse off.”
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Good afternoon, Aubrey. Call me old fashioned, but, wouldn’t the government (quite rightly I should say) be demanding their money back long before any shareholders start living of their apparent largesse and trousering a divi? In fact, despite framing that as a question, I know they would. It’s all there in the IPA documentation and somewhere on their website.
Regards,
per ardua ad astra
“it seems like we will only be waiting until end of this month for news”
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The world would be a poorer place without the eternal optimist, JR, it surely would. Having said that, it’s also invariably gloomier when a much anticipated and longed for occasion comes to pass, with that which we are eagerly waiting for failing to materialise. With that in mind, it would be prudent to bear in mind a certain word from the article that I would very much associate with you personally. That word is “hopeful”.
“Mr Fraser, 45, said that a quarter of its 1,200-strong workforce had been let go but he also said he aimed to complete the review far sooner. “The review is, let’s say, up to a six-week programme. It’s a six-month period to execute off the back of that. I’m hopeful that by the end of October we’re in a position where the strategic review will have reached a series of outcomes that we can then start talking about.”
To my mind, “Let’s say” would suggest that the full scope of the review may not yet be firmly set in stone. And “a series of outcomes” opens us up to additional timing constraints or limitations that the company will be doing their level best to avoid or coordinate. As such, the last thing we need here is anyone getting all unnecessary if, quite feasibly - and much as with the Brexit beast spawning these troubles - nothing significant arises before Hallowe’en.
The nights drawing in are bad enough.
Cheers,
per ardua ad astra
“So far they are quiet as usual...Not very clever, uncertainty loves silence.”
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And empty vessels make a lot of noise too don’t they, KOH?
As for the market, it doesn’t care much for anything that it might consider flannel or an empty gesture either. I recall much carping around Fraser’s recent so-called ‘pathetic’ gesture — and whom from too. But what’s the point? They’ve already announced a six month review, and hopefully they will be working flat out on it and exploring all our options. And until they have a clear and settled route to financing, any comment they do choose to make will only be leapt upon by those who are either looking to capitalise or, by those who seem to take pleasure in getting their knickers in twist over everything and anything that the company says.
You know the type... the sort of person who appears on internet bulletin boards in order to vent their spleen and to let everyone know that they think “the company is in the process of going bankrupt now, and whoever thinks otherwise is deluding himself”.
As for your suggestion the company “plays it well” in the hope that there “could be a decent window to "jump out" or even make a small profit”, well... you’re starting to sound like someone only invested in the share price rather than the company fella. In which case - and in light of your assertion that you “neither trust what he (Fraser) says nor believe in him.”- perhaps you’d be good enough to give one solid reason why Fraser should give a toss what you think?
I don’t.
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Good morning, TB. I’m sure there were a number of factors that lead us to Dove’s Nest Farm — not least the availability of land for sale (and somewhat helpfully, Dove’s Nest had the requisite acreage and was on the market). Our first drilling targets were initially both KCL seams (Sneaton and Boulby) the Fordon (poly) seam a few hundred metres further down. When the cores were sent off for analysis, in addition to confirming intersections of all three, it was discovered that the Fordon polyhalite was over two seams - including ‘the shelf’ which demonstrated ‘massive amounts’ of high grade polyhalite and over considerably more metres than oriinally anticipated.
Of course there were other considerations such as MoD at Fylingdales, population density, planning and other environmental and geological factors (watercourses, strata etc.) however, I think the outstanding core results that SM1 and SM2 returned pretty much sealed the deal for ‘Woodsmith’.
Regards,
per ardua ad astra
“Don’t know why unless they have something else lined up.”
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Can you imagine the opprobrium if it all went tits up regardless? Never mind the whining and wailing from some equity holders, selling sophisticated financial instruments such as bonds to unsophisticated retail investors would find the company mired in myriad ‘conning pensioners’ or ‘targeting amateur investors’ type allegations. No these bonds need to be sold into the professional (and registered so) market. I just can’t see this as a goer myself, but, do commend others’ for their intentions.
Regards,
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I don’t give a toss if you were eating a mandarin for 3 years, tbh. Use racist language and you’ll be called out for it. No one is interested in your bigotry — intended, or just plain ignorant.
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“I have never filtered anyone in here. I know there are some with ulterior motives, but sticking my fingers in my ears like a toddler who doesn’t want to hear seems to me counterproductive. The best way to get rid of them is to ignore them, I’m not always perfect at that but I do try. ”
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Pretty much my approach too, Max. Notwithstanding my unnecessary, albeit accurate, response to Dan.
Regards,
per ardua ad astra