Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like Sharebrothers posts have all just been removed, appears it was bombarding every forum page from its posting history today with its unsolicted advice
You appear to be getting around the chat boards with this claim
Dear Mark Bently and Chris Spencer Philips,
I am sure by now you have been bombarded by a number of requests from disgruntled SXX shareholders who, in my opinion, are being deliberately misrepresented by the Company CEO and the BoD. The problem that I am seeing is that time is running out and there is not one voice bringing us all together. Is sharesoc that voice? Have you been able to provide any advice, and have you set up a single source point of contact such as a WhatsApp group? BB's are good starting point; however, they are fraught with a range of opinions and trolls which often distort and dilute the message that we want to give out to the people running our company. To bring our opinion to the company’s desk, we need to be united as one and work as a team. Our company has been railroaded into a low share price ready for a pre-packed sale by a board of directors who have provided zero response to the issues being raised by the shareholders. Time and again we were assured by the CEO that past lessons with financing were learnt and that those mistakes could be harnessed to ensure that funding was successfully gained. We were told that we should have no problem getting funding especially after the review which brought the level of funding required to first production down to .6 from 2.8 billion. All that has resulted is time is now of the essence and cash is running out. Our CEO is hell bent on recommending a sale and has even had the audacity of including the predator on our website, even though a firm offer has not been made. Unfortunately, we are not aware of what efforts have been made in seeking other financing since the review was completed in November 2019. We are not being kept informed and we are being deliberately, again in my opinion, misguided. The CEO will provide his backing for the sale of our company to the apparent one and only interested party; which lo and behold is known to a number of BoD and the CEO on a personal level. Why are we not being allowed to fund the 600M USD required to de risk the project, even though, according to the potential buyer, there is no risk – probably invented by the BoD to explain away failure to achieve funding. There have been other issues in the past with what appears to be likely insider trading as the share price has risen or fallen sharply prior to an important RNS: this should be investigated further. However, the crux of the matter now is to stop the sale of the company to a company who have had apparent designs on us, slow down or mothball the project to a level where existing or new finance can sustain the company whilst the current BoD and CEO are removed in favour of people who actually care about the shareholders. To say this company has been mismanaged by an egotistical finance guru would be an understatement. We should have learnt from our mistakes in 2008, where the world was shown the true colours of the power hungry investment bankers,
Could 85000 PIs invest @ £5000 a piece? I seem to recall someone suggested??
God bless you and your good lady, i too wish you Health, happiness and wealth.
Fingers crossed for a successful Spud..
1.673592 just gone through, it's a buy
That makes more sense, thanks.
A Metric Tonne Unit ("MTU") is equal to ten kilograms per metric tonne and is the standard weight measure of tungsten
From today's RNS for T2 annual turnover,
2,O00000 ÷0.00135= 2700 tons of Tungsten
2700×$255 = $675,000 (per year)
$675,000÷12= $$56250 (per month)
What are our costs per month including servicing BlackRock
Therefore todays blast, 90,000÷0.00135= 66.66 tons
66.66×225= 15,000
Where am I going wrong?
:)
????
The company certainly is beginning to create a buzz, we have the best near term prospects for a number of years, indeed the best to date!
Jaf1948,
You give a fair view of how many in the wings have endured the journey, from initial tailing to where we are now. The final curtain is indeed about to close. It will either be celebrated or die a death, only so many placing, interim loans and false Dawn's before the smell turns rancid.
I am invested and greatly appreciate a balanced view, keeps me tuning in...so keep it coming.
Best of luck to all
I wonder if they could aggregate the truck movements across the sites to benefit the poly transportation? No doubt wouldn't require max truck movements at all the locations every day?
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Cant comment further as ''commercially sensitive between government and Sirius'' sounds like talks are still on going ?
I like the ending, wake up, shut up until your sure of the facts. Wise words :)
Gents,
Forgive me as I am on the go...
But just a thought, if the ST2 lenders who stipulated the MTS must be wider at a overall cost of £600 million, which originally put the cat amongst the pigeons. If they aren't involved anymore can we revert to the original tunnel dimensions and cladding thus bringing this cost back down?
Best of luck to all
SXX FT
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https://www.ft.com/content/76565a72-f648-11e9-9ef3-eca8fc8f2d65?fbclid=IwAR1JU9Ni5mRj3zN80hoqwqd4ZDtaRRqdIamKuR9J1SSrlGNipNVUEPsY2nQ
Sirius Minerals If completed, Sirius Minerals’ Woodsmith Mine in North Yorkshire would be Britain’s largest new mining project in decades. The site contains the world’s largest known deposit of polyhalite, a mineral that can be used as a fertiliser. But Sirius has struggled to make its business case to investors. Last month, in the face of market scepticism, it was forced to pull a $500m bond sale, which was required to unlock a $2.5bn financing package. Its shares have since rallied after the announcement this month of a supply and distribution agreement with a fertiliser company owned by the Qatar state. The country’s sovereign wealth fund is its biggest shareholder and has been touted as a possible strategic backer for the project. Sirius claims that polyhalite has a number of advantages over traditional fertilisers: a chemical-free production process, low carbon emissions and lower solubility — meaning it stays in the soil for longer than other compounds and has to be reapplied less often. Currently only one company, Israel Chemicals, mines polyhalite and it is not in mainstream use as a fertiliser. Sirius shares were trading at 3.1p on Friday, down 85 per cent since January. On Wednesday, it crashed out of the mid-cap FTSE 250 index and now trades on FTSE SmallCap. Its market capitalisation is £220m