Member Info for PerArduaAdAstra

“Frasers's bonus, otherwise known as the bonus of Fraser”
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Isn’t that the dew claw on a canine’s hind leg or summin’? Understood to be so named because it is prevalent in Mountain breeds and - as we all know - Fraser has a heck of a mountain to climb.

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Aaaargh... APOSTROPHES DO NOT MAKE NOUNS PLURAL!

Use apostrophes when you wish to indicate possession, or you make a contraction of two words (it’s Fraser’s fault!) or such like.
Unless, and only unless you are attempting to pluralise a lower case letter - such as you might when dotting your i’s or crossing your t’s.

Otherwise, don’t do it. Just don’t do it. Please. When all is going swimmingly such solecisms are easily overlooked. When things aren’t quite so rosy, however, they’re like the third piece of grit in a welly. And yes, perhaps I am being churlish. Sorry.

Nonetheless, hope it helps anyway.

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Perhaps not advice, Molkys, but, an uplifting and considered post. And I wish you well.

Regards,

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Sub club is pound cost averaging you a beaut, Chesh. Good to hear it’s still alive!

Cheers,

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Sunday mornings? Sanctimonious preaching? Fire and brimstone? A revelation! You could be on to something there, Scotty.

Baah!

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“id never say this to her but shes one in a million“
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If you think she is, tell her. She deserves to hear it.

Regards,

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“I still need to loss 2Kg.”
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Measure the loss in pounds. We’re all finding that easy here!

Cheers,

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But that’s not entirely true, is it, modsto? His shares didn’t come from nothing. If you knew your history, you’d know that he sold his own business - the one he established and secured swathes of mineral rights with - in exchange for the vast majority of shares he now holds. There’s been several purchases over the years worth millions of pounds at the day’s prices, and he’s undoubtedly trousered more than a few as a part of the ‘long-term incentive plan’. Nonetheless, the bulk of his holding is for selling his business. Something Sirius Minerals shareholders were happy with at the time.

To claim his share is for nowt is being either woefully ignorant or, deliberately malicious. Either of which do little for your credibility.

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per

Well... that was a helluva week, huh? Brutal. No doubt about it. And no doubt made all the more discomfiting for many here by the more unsavoury, churlish and knife-twisting remarks that accompanied it.

Investors still holding will have endured their very own private Alamo as they’ve struggled to reconcile where we currently find ourselves when held against those hopes, dreams and expectations that were for many - and continue to be for some - held dear. Only we can decide when to let go of that we hold high hopes for, and each individual’s decision to call it a day or otherwise , is an entirely subjective decision predicated entirely upon their own personal to circumstances.

For my part, I remain a shareholder. And I hope others might find something in the words of Robert Bly:

“It is not our job to remain whole.
We came to lose our leaves
Like the trees,
and be born again,
Drawing up from the great roots.”

Best wishes,

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“I don’t think CF timing of talking to the Times last week about “ PIs bought on bad advice .. etc” was helpful at all and I tend to think he’s paving the way for the inevitable liquidation. ”
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Hi, LoM. Whilst I have some sympathy with your thinking, I am afraid I don’t concur with your conclusions.

I’m not going to wax lyrical about Chris (sometwatlikekoh will only latch on to it), however, I’m more inclined to think that with his back up against the wall, the last thing a battler wants to hear is tales of woe from those who have, by all common consensus, over stretched themselves and taken on an unwise amount of risk. The Times headline that “Sirius Minerals investors were misled” has a slightly different nuance when you actually read what he did say, which was “I read stories where people seem to have over-invested or probably not taken the right advice. I feel very bad for those situations, but we have been clear about the opportunities and also the risks.”

And whether people want to admit that or not, it is true. Of course people got caught up in the excitement - it remains an exciting proposition - and I did too, however, that is not the same as being “misled”. Among other risks and warnings, every single annual report contains the following warning concerning the whole premise of investment - namely, the commodity itself.
There is a risk that fertilizer prices, including potash and polyhalite, could fall to levels at which it would not be economically viable to develop the Project. Such conditions would materially and adversely affect production, earnings and the financial position and could result in the cessation of mining activities that become uneconomic or could result in the economics of the Project not being sufficient to enable the Group to raise the next stage of funding to take the Project to production, halt or delay the development of new areas to mine, and reduce funds available for proving reserves, resulting in the depletion of reserves. There is no assurance that, even as commercial quantities of polyhalite ore are produced, a profitable market will exist for it.”

We all know small print is tedious, however, we overlook it at our own risk. And if we do choose to do so, it’s a bit rich to expect someone battling to save the livelihoods of 1000’s of staff and keep his dream alive to be anything other than polite and say little more than about it than he already has.

Regards,

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Do you wish to be taken seriously?

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Don’t obfuscate. Do miracles exist? You’ve asserted not. And yet...

Perhaps you’d be good enough to square the circle.

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“Miracles don't happen I'm afraid”
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I’ve been repeatedly advised they do.

Bread? Fish? Enough to feed everyone?

Even 5000. Apparently.

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“Sirius could be coming back to market in 3-6 months with a debt offering that doesn't include exposure to the highest risk component (shaft), has the backing of a strategic investor and has a significantly lower overall gearing ratio due to strategic equity investment and lower overall capex bill”
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Cynical brokers.

Anyone that pays a shred of attention to the propaganda house brokers spout needs their head testing.

You wanna know about the attendant risk with the shafts? I’d love to. Some of us might be forgiven for thinking we’d paid for ‘em already:

“Launch of Comprehensive Stage 1 Financing Solution”

“The Stage 1 Financing is currently expected to generate net proceeds of approximately US$1.1 billion, plus an additional US$0.1 billion in financing costs, for a total of approximately US$1.2 billion in Stage 1 Financing, and is intended to fund the direct costs of all site preparation, mine shaft excavations, tunnel caverns and a proportion of the indirect costs, project management and owner costs as well as provide certain contingency funds for the Project. The funds from the Stage 1 Financing are expected to be spent within approximately the first three years after commencement of construction.”

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“People pay for what they do, and still more, for what they have allowed themselves to become. And they pay for it simply: by the lives they lead.” - Edith Wharton

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With the limited technology I have to hand, it would seem that the start of the fall coincided with a trade of 3,260,299 at 3.96 which would suggest it was a sell. At first view, that trade - in isolation as it was - wouldn’t immediately appear to driven by some insider knowledge doing the rounds. The trend then continued, because, as someone pointed out earlier 3.x is a price that offers strong long term support and getting there is almost self fullfilling now (In my most fevered imagination I never thought we’d see it, but, here we are!).

If you’ve already reconciled your position and see yourself here to the endgame, whatever that may be, then today’s movement is little but noise. The noise created by people in the market doing what they do: buying and selling — and all driven by fear and greed. Speaking of which, there will be those who might well have done very well by taking a polar view to that espoused by 1000s of investors here. Good luck to them. How many of you didn’t think they were being clever? They took a chance and it paid off. Some of the rubbing your nose in it bulcacca that comes with it can be both juvenile, puerile and sometimes churlish, but hey, do you really care? Ask yourself if you care any more than you might about their short positions when the RNS drops announcing a clear route forward.

I’ve been lambasted in the past for appearing “haughty”, “sanctimonious”, or dismissive. More often than not because I’ve exhorted people to wisen up. The market is a bear pit - a cesspit, if you like, and it takes no prisoners. And you only make your losses more painful when you allow the understandable - if not diplomatic - celebrations of today’s winners to get under your skin.

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Oh, I absolutely agree with you, Dog Star. There’s far too many amateur investors lambasting Chris Fraser when, in seemingly significant numbers, many have failed to appreciate the market clearly believes that the lowest sales prices our TorPs will command still leaves a somewhat substantial level of risk to repayment.

It seems to me that alongside construction and tactical reviews, the best thing we can do is keep proving up the product. Results will collect supporters. However intractable people might be.

Regards,

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“Forget roads, why not mine real potash rather than that quarter strength stuff”
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Said the diesel mechanic to the hybrid engineer?

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A ‘group’ of pricks? No. I believe the collective noun would more accurately be levelled, a ‘stupefaction’ of pricks. Do you see?

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Great isn’t it, Scotty? What a charmer! His grandchildren will be so proud.

And five equally self-absorbed t*ssers agreed. Possibly all wondering why anyone else should see them as beneath contempt.

Perhaps the Daily Mail will deliver them a new opinion tomorrow? Cue a slew of judges as the ‘enemies of the people’ type frothing.

Hope you’re well.

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