Member Info for Prevost

Sheps,

You have met and conversed with the man.

Has he really got a pony-tail ?

Really ???

P

Cherokee101

"............ expect idiotic and irrational movements on a daily basis."

And I also "............ expect idiotic and irrational postings on a daily basis."

Particularly from those whose short positions are fairly making their eyes water.

Hope this helps !!

koh

I hope "upward trend" ends up being more appropriate than "spike".

P

AlanG

Perhaps it is the shorters closing their positions in despair.

https://www.proactiveinvestors.co.uk/companies/news/218157/sirius-minerals-is-now-the-time-to-invest-ahead-of-key-us35bn-financing-218157.html

Hope this helps !!

Latest article from MF:

Sirius Minerals(SXX)

If they get the Stage 2 finance sorted out the price might go up a bit maybe. Don't forget though, digging tunnels costs loads and loads of money and there are loads and loads of things that might go wrong.

If they don't get the money, well, where would I begin.....shareholders in the workhouse .......Salvation Army...
food banks....starvation.........ad infinitum...

For more, stay tuned to this board and the MF....plenty more to come from us worried and increasingly desperate shorters !!

Hope this helps !!

Joining in the spirit of the upcoming deramping campaign, I would like to ask:

Does the delay in the naming of the tunnelling machine mean that the share price is definitely about to collapse ?

I think that the BoD must already know the name that will be chosen but are keeping it from us, the shareholders.

Have they got something to hide ?

Have all of those kids refused to back the "name the TBM contest" ?

We should be told.

My mate who works there says they may be about to let the MF scribblers name it instead and that they have narrowed the shortlist down to Jonah, Titanic or Rupert and the Shorters.

I am a LTH but this has got me really jittery.

P

Funny thing that.

The usual negative posters have slithered onto the board immediately after Rupert's article.

Anyone would be forgiven for thinking that the shorters are on the attack again.

Hope this helps !!

Another gem of financial analysis from Rupert Hargreaves.

"So, after considering all of the above, I think the future for Sirius Minerals share price is binary. Either the company gets its funding, which will keep it alive for the time being and help it progress towards production, or it won’t. And this could mean shareholders are wiped out."

I find this conclusion quite worrying because, until I read this article I had assumed that the mine would be built even if no finance was available.

I assume we can now expect a procession of negative articles in short succession from all your colleagues at MF, similar to the deluge of articles (five in a seven-day period) at the beginning of March.

Rupert, you are simply regurgitating the contents of your last article in March. It didn't have the desired effect then and, with the expectation of good news, I don't think it will now.

Any amount of repetitive doom-mongering from poorly-paid (£ 50 per article) scribblers such as yourself is not going to cause the tide to turn in the direction of the share price.

Perhaps a sensible question everyone might ask themselves would be..."If Rupert is such a financial genius why is he grubbing around writing click-bait articles for MF for very little money ? "

Top Tip...........If you are shorting this share I would throw in the towel now.

You know it makes sense.

Hope this helps !!

Very nervous time for the shorters.

P

Mr.dt

Strangely enough, all of my previous posts today where I challenged/exposed superlosera's misleading posts have also disappeared.

Wonder who objected to those then ?

Bit of a puzzler.

P

Thanks to Myosotis for the following extract from ICL's 2018 accounts:

"................. and will not be the market leader, which is inconsistent with the Company's strategy to obtain leadership positions in all its activities. ICL is constantly monitoring the competitive environment and will continue to seek ways to adhere with its strategy."

Thanks to SlurmsMckenzie for the following extract from Proactive Investors article:

Low added: “Interestingly, earlier this month, at ICL’s Q3 2018 financials, Mr Altman had noted that ‘the only business that [ICL] have that is not a world leader at this point in time’ is the Specialty Fertilizers business, ‘and so probably, any significant M&A will have to come from that division’.”

When:

"...........Company's strategy to obtain leadership positions in all its activities"

is read in conjunction with:

"and so probably, any significant M&A will have to come from that division’.”

all kinds of potentially positive scenarios come to mind.

Hope this helps !!

ffcmember

"Prevost could you point me to one of my posts please that gives you the impression I'm not in ???"

Well yes.

Your previous post actually:

" ........is this constant positive news flow from them a sign that we are about to get any bad news about ST2 ???"

I can't think why you would consider a "constant positive news flow" to be the precursor to "bad news about ST2" unless, of course, you suspect that the BoD are deliberately setting out to mislead investors.

In which case, despite your little wrappers of "I strongly believe in the integrity of our BOD" and "personally I don't think so! " I find it very difficult to believe that you would consider being an investor.

ffcmember

Why don't you just buy back in ?

You know it makes sense.

Hope this helps !!

Casapinos

I re-post an excerpt from the FT article earlier today. I am hoping that will be the extent of the equity.

As well as the $3bn of debt financing, Sirius also needs to raise $400m to $600m of equity to cover extra tunnelling costs at Woodsmith. Sirius said on Wednesday that it was progressing several options for the “additional non-senior debt funding requirement”. It offered no further details but the company is understood to be assessing an equity issue and leasing deals to raise the money, according to people with knowledge of its plans.

P

Casapinos

Never quite understood your Tuesday 7.04am post.

"Yes there is.......and its for an "alternative financing proposal.".....ie a takeover?"

P

wwguk

Please see updated version.

Particularly in relation to the $400m-$600m: "It offered no further details but the company is understood to be assessing an equity issue and leasing deals to raise the money, according to people with knowledge of its plans."

Sirius is run by Chris Fraser, a former investment banker, who also founded the company. Its backers include Australian mining billionaire Gina Rinehart. The company had originally been seeking $1.5bn of commercial debt and $1.5bn of loans backed by the UK government. That plan was revised in January when Sirius said it was looking to raise $800m to $900m from government-backed loans, $500m to $700m from high-yield bonds, and $1.5bn of bank debt.Sirius said on Tuesday that the new funding proposal offered a more “flexible and attractive solution” to its funding needs and therefore it had decided to suspend discussions with existing prospective lenders.It said it would aim to conclude a deal by the end of next month. Based on its current spending plans, Sirius will exhaust its cash reserves by the end of the second quarter.As well as the $3bn of debt financing, Sirius also needs to raise $400m to $600m of equity to cover extra tunnelling costs at Woodsmith. Sirius said on Wednesday that it was progressing several options for the “additional non-senior debt funding requirement”. It offered no further details but the company is understood to be assessing an equity issue and leasing deals to raise the money, according to people with knowledge of its plans. Shares in Sirius rose 1.56p to 19.51p, giving the company an equity market value of $930m.“This does provide more clarity on the timing, and guidance for receiving commitments by April is a positive,” said analysts at Berenberg. “That said, more detail will be needed on the exact nature of this new funding structure.”

Hope this helps !!

Fred

I suggest you follow Myo's advice re checking a poster's history to find out their agenda.

CaptainStanley might be a good poster to start with by way of an example.

I think you might end up agreeing with my assessment i.e. that he is on the wrong end of a short position but he doesn't want to accept his loss. He will be hoping for a drop at the open tomorrow to get out. I am fairly confident that he will be disappointed and his losses will increase.

I would further suggest that, if you really want to study attempts to manipulate Sirius' share price, you look at yesterdays posts from the shorters who appear in the guise of worried LTHs expressing their doubts about the viability of the scheme and its funding.

Strangely they have not been posting today to express their relief at the arrival of the new improved funding RNS.

Sometimes you learn more from what people don't say than what they do say.

Hope this helps !!

Superleggera

After your disastrous Investment in Cuadrilla and selling out of Sirius perhaps a slight change in username is in order.

Superlosera might be more apt perhaps.

Hope this helps !!

Just thought that it was worth reproducing your post below in case you know who reports it again.

"Oh I am used to it Roulette, I've had many posts removed when I'm in dialogue with a specific poster
on here and I'm absolutely convinced it's he who has presses the report button, however it only re enforce's my opinions about said individual, he can give it but can't take it.

Sheps8. Yes Scotty."

Hope this helps !!

PS. SL........... have you dashed...........??

KnockinOnHeavens

You say:

"Sirius then somehow found a last minute replacement and now it is presenting it to the market as "potentially more flexible and attractive Alternative solution" to soften the impact?"

The final line of the RNS gives us a clue:

"The Alternative Proposal is subject to the finalisation of the Financial Institution's due diligence and internal approvals."

This "finalisation" indicates that the negotiations have been going on for a considerable length of time.

I suspect that in January, when Sirius announced the change to a three tranche structure to the debt financing, the Major Global Financial Institution saw an opportunity to offer a much improved structure and approached Sirius.
I suspect that talks have been continuing since then.

"Don't eat me alive but I have a strange feeling there is a lot we don't know about."

I fully agree with you. Hopefully these things we do not know about will be further positive developments.

Anyhow, the market likes the RNS and so do I and hopefully we will hear more before the end of April deadline.

By the way, it would not be very wise of Sirius to set a new deadline if they were not already convinced that they will be comfortably able to beat it.

Hope this helps !!