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CATEGORY ALTERATION



"The Category for the Sirius Minerals announcement released on 09/04/19 at 08:12 under RNS No 5944V should read Holdings in Company

The announcement text is unchanged and is reproduced in full below."

Exactly what I was thinking, reads as a reduction from 6.69% down to 4.45% total to me ?

Just realised in all the excitement that they have stuck the update against the "wrong" Sirius. :-0

Trading update now appeared on IG

RNS Number : 4009V
Sirius Real Estate Limited
08 April 2019

8 April
2019
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")

Trading Update
Sirius Real Estate, the leading operator of branded business parks providing
conventional space and flexible workspace in Germany, provides the
following trading update for the twelve months to 31 March 2019, ahead of the
announcement of its full-year results on 3 June 2019.

Summary

The Company confirms that the results for the twelve-month period are
expected to be in line with market expectations and is pleased to
announce stronger than expected organic growth on its existing portfolio, good
progress on acquisitions and disposals and, as announced previously, a
substantial new joint venture with AXA IM - Real Assets.

Continued strong tenant demand combined with the Company's intensive asset
management initiatives has generated another year of improved rental growth
with the like-for-like increase in annualised rental income expected to be
greater than the 6.2% reported over the same period last year.......................

I'd say that's nice but I'd like some of that action please. However if they wanted to use a non-dilutive methods at a sensible rate, I'd say be my guest.

I may well be wrong and I know this is greatly simplifying a complex issue, but the way I see it is; if the $400-$600m could be secured without dilution and as a result secures the rest of stg2, what would you expect to pay for 1 share in a fully financed mine the next day?

Genuine replys or criticism greatly appreciated.

I sure do have 10p per share I hold ready to reinvest in this wonderful company, IF it safeguards my existing stake. Much better to secure the future now for ourselves, than give away a big chunk to others. I would however rather have debt for the $400-600m but if not possible, I would rather "lend " this money myself to resolve stg2.

Anyone who is "all in" on this one share, needs to reassess their strategy. If they are confident they could afford to lose it all, then fine, but would they consider paying a premium to greatly reduce the chance of being diluted out by others?

Another way to look at this (I do not suggest anyone even considers this) is if we all remortgaged our houses at 3% or less, we would probably have enough money to fund the whole remaining build at much lower rates than Sirius is likely to be getting. Only problem being of course, it something unexpected goes wrong, you lose all your money and your house!!

If I had £5billion sat around, I would quite happily buy and fund the whole mine at these prices, I think it's a bargain. As I don't, I am happy to own a bit and let the company borrow to fund the mine, yes it increases risk, it does mean though, that if successful, debtors only get paid what is due to them and everything else is available to us as equity and divis. If it all goes wrong, my loss is limited to my amount invested and hopefully my other investments will perform better.

It would be nice if Gina gave us some free money, unfortunately she is likely to want a big chunk of the company, which would upset the senior debt that is to be secured against it. Personally I am not against dilution in the form of a rights issue to current shareholders. If we raised £450 million to sort this all out, it is only the equivalent of putting in approx 10p per share and we each still own the same % of the company, which if all goes to plan, will be paying out well in excess of the current mcap in divis in 10 years time.

Bored with your AIM shares being priced incorrectly by evil MMs and shorters actions? Buy more shares and the price will go up? In the meantime sign this to help get shorting on AIM banned:
https://petition.parliament.uk/petitions/242399?fbclid=IwAR06ekWYpdycBF2_WSG-ThXXg2SNr9LO7Xn--0y63J7qc_9KY8mVjPMU6As

Massive spread showing firsts few minutes, MMs must be accumulating a good few shares from hitting stop losses and scaring people, ready for selling on once they raise the price.

Massive spread showing firsts few minutes, MMs must be accumulating a good few shares from hitting stop losses and scaring people, ready for selling on once they raise the price.

If somebody who is complaining they struggled to be allowed to open a bicycle shop in their garage due to traffic is the best reason against it, then they are really scrapping the barrel. It was funny to see the swampys with their old polluting vans and 4x4s along with a pile of their plastic waste piled up beside, I wouldn't mind so much if they actually practiced what they preached, can you imagine militant vegans protesting outside a burger bar while eating bacon and egg rolls.
;-0

Extended piece on this evenings BBC South East news, several minutes, should be available on I player soon and likely to be on again in the local news after national 10pm news.

Very different and longer version on BBC South East News. 4 mins in.
https://www.bbc.co.uk/iplayer/episode/b0c1w1qf/south-east-today-lunchtime-news-06022019

Expect these will be repeated on this evening local news programmes.

https://www.bbc.co.uk/iplayer/episode/b0c1w234/south-today-lunchtime-news-06022019
4mins 50

Did include a quick word from SS but no real new info. Nice to see some coverage though. Should be on i player soon and will likely be repeated in the local 6:30 pm news programme.

Just been a short bit on local BBC South Today news on BBC1.

Sorry if it has already been posted, planning application committee date now 20/03/19 for SCC Ref 2018/0152.

https://planning.surreycc.gov.uk/planappdisp.aspx?AppNo=SCC%20Ref%202018/0152

I would have thought that injecting oxygen into a hole in the ground full of hydrocarbons would be a very bad idea, we want the oil out, but not in a flash ;-)