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scotman

I would have to disagree with a couple of things from your last post.

You say:

"........hasn’t gone much higher today is because the market already knew the project finance was being reviewed by the government."

and

"It’s nice to reassure the PI’s who recently made much noise about the Gov IPA support. But really it offered little else and certainly nothing new."

While I agree that it was known by investors that the project finance was being reviewed by the government, what is certainly something very new is the statement from the prime minister that this is exactly the type of project that should be supported by the government.

The timing and the framing of the question to the PM will have been suggested by Sirius and agreed with the local MP and Theresa May's office well in advance.

This statement, made in front of a packed house of commons and watched by a huge television audience, would not have been made if the Government did not intend to give its support in the form of the "essential" financial guarantee. To later renege on this would be suicidal, politically.

Perhaps the intention was to provide publicly announced and therefore politically irrevocable support for the project.

I am fairly sure that this would provide further reassurance, if any were needed, to the lenders and at the same time, in the event of a change of government, would make it politically very difficult to withdraw support from a project which is providing a huge number of jobs and ticking all the boxes referred to in the PM's speech.

So, rather than " move on, nothing to see here" I see it as something of an understated masterstroke of PR by Sirius.

Ahh, you might say, if all that is the case, why has the share price not risen accordingly ?

Uncertainty over the method/s that Sirius will choose to adopt to make up the shortfall over and above the 3 Billion, I would guess.

P

https://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-pm-theresa-confirms-15690721

Milothe3rd

You sound like someone coming round from an anaesthetic.

Are you ok ??

Casapinos

you might also wish to note "exagerado sentido de importancia propia" which means an exaggerated sense of your own importance.

verdeceleste

I found your post very worrying so I contacted Sirius.
When I explained the nature of the query they all seemed agitated and passed me from one to another until finally they put me through to a chap called Chris, whose job it is to organise these kind of things apparently.

At first he seemed a bit flummoxed and unsure of things when I outlined my concerns but when he calmed down he said that he hoped that someone had planned for this but couldn't be sure as he has had his hands full lately with other things. He signed off by saying that someone called Gina would "do her nut" if it hadn't been sorted and could he borrow a fiver until next Friday.

Hope this Helps !!

GK

Doooo....ooooo the Hokey-Cokey !!!

Doooo....ooooo the Hokey-Cokey !!!

Hope this helps !!

"If people say they have no grievances then they are lying."

Mom....Mommmmmm !!!!

The people with no grievances are a load of big fibbers too !!!

Mommmmmmmmmmmmmmm!!!!

Its not fair !!

Its not fair !!

Mom, that Chris Fraser told me fibs about his mine.

Its just not fair !!

Momeeeeee !!!!!!

KnockinOnHeavens

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrujx-j8bPsTIoXel3kKIaZmh4hBrOPG6fpcF1WRcFWpA67djb8Q

<br />KnockinOnHeavens<br /><br />You look a little pensive in this photo.<br /><br />Is it because you are afraid that Gina, with her ever-growing support for the mine, will decide to visit Woodsmith and might even go for a day out to Blackpool ?<br /><br />https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSrujx-j8bPsTIoXel3kKIaZmh4hBrOPG6fpcF1WRcFWpA67djb8Q<br /><br />Hope this helps !!

KnockinOnHeavens

Please accept my apologies, in my previous posts I had not realised what Gina had put you through.

Hope this helps!!

https://i.dailymail.co.uk/i/pix/2009/05/08/article-1178797-04DB5EC4000005DC-67_634x371.jpg

When you see a post from KnockinOnHeavens what is the first animal you think of?

Clue: It has long ears and makes a Hee-haw noise.

Really KnockinOnHeavens, you are not too late to buy back in.....there should be plenty of RNSs in the not too distant future which should lift the share price.

Have a day off from your duties on Blackpool beach on Monday and fill your hooves !!

Hope this helps !!

Roulette

Since this morning's RNS a lot of posts would suggest that Gina is a dark force foisting her agenda on poor unsuspecting Fraser and Scrimshaw.

I disagree. Lets not forget their track record in dealing with hard-nosed financiers.

She drives a hard bargain but she has shown her support for the project rather than an interest in seeing it fail.

KnockinOnHeavens

"No I didn't but thought that today' RNS is a great opportunity to remind us all how shiity the Gina's deal really is :)"

Without that deal there would have been no St1 finance.

We are now getting the mine built because the BoD secured that deal.

Therefore that "shiity" deal enabled Sirius to bring the project to the current situation of imminent closure of St2 finance.

Let's hope they can pull off an equally "shiity" deal to get St2 finance in place and get the mine built.

Hope this helps !!

Scotman

From your earlier post:

"What? I would say she is in the best position ever to not give one flying fk about stage 2 funding. See my earlier, followed by Biggles (just for Chesh) reply!"

You seem to infer that it is in Gina's interest to see the project fail.

If that was the case, would it not have been better not to release the money now, and see it fail all the quicker ?

KnockinOnHeavens

Have you only just found out about Gina's deal?

You really should try to keep up.

Hope this helps !!

Hi Alan,

in your earlier post you state:

" For Gids Sake give it a rest I have seen some stupid posts on here in my years but it's going worse I feel like getting two gallon of 2 star and setting myself on fire !!! "

Firstly, who is Gid ?

Secondly, I have a friend who is a fireman, (and therefore knows what he is talking about), and he suggests that, in his experience, one gallon would be more than enough to achieve your ends regarding your proposed project of self-immolation.

Therefore, it should be possible to make a considerable saving by omitting the cost of one gallon of two star and the necessary suitably sturdy container.

To be offset against this saving would be the cost of the upgrade to 4 star petrol recommended by my fireman friend who says it does not pay to skimp on these things.

So, in summary, it looks as though you might be able to slash the CAPEX on your project considerably at the design stage. This is something that I always recommend.

OOPs !!! Perhaps I shouldn't have mentioned slashing anything.

Hope this helps !!

Andygolf

When forced by circumstances to put out a "bad news" RNS, one of the oldest tricks in the book is to take advantage of the opportunity it offers.

This is usually achieved by "throwing in the kitchen sink" and stating worst case scenarios.

In the future, as these goals are met and surpassed, they have a positive effect on the share price.

I am sure this is not unknown to this BOD.

P

"Buy on the rumour-sell on the news"

Time to go.

P

Tobin

Full marks for your tenacity and persistence.

You can always be relied upon to supply a new nugget of incorrect information.

The figures you have quoted are given in the scoping study in Australian dollars.

The symbol you have used in your post would indicate that the figures are in US dollars.

I am not quite sure whether this is another of your attempts to mislead, or whether you are unaware that there is a difference.

For future reference though, the US dollar symbol is....$..... and the Australian Dollar symbol is....A$....

The clue is in the letter A which precedes the dollar sign.

Hope this helps !!

Tobin

Not quite sure where you are getting your figures from

You state : "They expect at full production the cost/ton of SOP will be $200/ton and sale price $400/ton, so not expecting any profits from the demo plant."

The $200 production costs were stated as "less than $200" and those were for lake Wells which is the lake most distant from local infrastructure.

The reason for the change of location for the demonstration plant to lake Way is that the production costs will be a lot less due to the proximity of the existing infrastructure i.e, close to road with permission for road-trains, next to gas pipeline, shared use of existing facilities/ infrastructure owned by Blackham, access to concentrated brines in Williamson pit, etc etc.

"cost/ton of SOP will be $200/ton and sale price $400/ton "

Where did you get this sale price from ?

In the last decade the price has fluctuated between $450 and $500 and is now above $500.

You posted :

"They expect at full production the cost/ton of SOP will be $200/ton and sale price $400/ton, so not expecting any profits from the demo plant."

The " They expect" part infers that the figures you give come from the company. They don't. They are incorrect misleading figures that come from you.

It also infers that the company do not expect any profits from the demonstration plant.

If that were the case then they would not be building it.

Your post is misleading and might be connected to your intention stated in a previous post :

"This may result in SP easing more. If it does I plan to accumulate. Anyone with thoughts? "

Well yes, I have some thoughts. I think that you should put in a little more research and tell a few less lies.

Hope this helps !!

Tobin<br /><br />Not quite sure where you are getting your figures from.<br /><br />You state : "They expect at full production the cost/ton of SOP will be $200/ton and sale price $400/ton, so not expecting any profits from the demo plant."<br /><br />The $200 production costs were stated as "less than $200" and those were for lake Wells which is the lake most distant from local infrastructure.<br />The reason for the change of location for the demonstration plant to lake Way is that the production costs will be a lot less due to the proximity of the existing infrastructure i.e, close to road with permission for road-trains, next to gas pipeline, shared use of existing facilities/ infrastructure owned by Blackham, access to concentrated brines in Williamson pit, etc etc.<br /><br />"cost/ton of SOP will be $200/ton and sale price $400/ton"<br /><br />Where did you get this sale price from ?<br /><br />In the last decade the price has fluctuated between $450 and $500 and is now above $500.<br /><br />You posted :<br /><br />"They expect at full production the cost/ton of SOP will be $200/ton and sale price $400/ton, so not expecting any profits from the demo plant."<br /><br />The " They expect" part infers that the figures you give come from the company. They don't. They are incorrect figures that come from you. <br /><br />It also infers that the company do not expect any profits from the demonstration plant.<br /><br />If that were the case then they would not be building it.<br /><br />Your post is misleading and might be connected to your intention stated in a previous post :<br /><br />"This may result in SP easing more. If it does I plan to accumulate. <br />Anyone with thoughts? "<br /><br />Well yes, I have some thoughts. I think that you should put in a little more research and tell a few less lies.<br /><br />Hope this helps !!