Member Info for Roobans

And on what info do they base the statement that the market will improve in the next 7 weeks? What if the market gets worse?

Always a possibility, need to increase the war chest again just in case... Seems we are a toy to be played with by the finance guys.

Disappointing for all but still the works continues, the press will not be complimentary! Sentiment slowly and surely being sapped from even the most positive.

Switching off and hoping this is not going to continue the storyline that started 1 year ago...

GL - Hold for the strong but this will be a last straw for many...

Why the cloak and dagger? The red fox flies on the 9th...

Don’t think it’s an auction in the normal meaning of the term but I would suggest different institutions will have different returns in mind depending on their acceptable level of risk.
Sirius will sell the bonds at the cheapest rate possible so any excess bidders will be unsuccessful starting with those requesting the highest coupon rate.

It will be balancing supply and demand to ensure all the bonds sell at the best price...

Credit to LC on the FB group but Bloomberg are reporting that pricing for the bonds should be next week Aug 5-9th, confirming what has already been reported...

Also they indicate the pricing at 13.5%.

Some may be disappointed if this is the case but for me anything less than 15% is a bonus. Was hoping for 12% and still not confirmed so could be lower but my expectation is it will be 13.5%.

The important thing is the bonds sell, future issues will be lower as the construction element becomes progressively derisked and this sale should see us to first Poly, potentially ahead of schedule....

Not long to go, bargain basement stock is running out...

Is the fact so many poorly informed morons with obvious agendas have turned up.

It shows there is a concerted effort which means that this project is now starting to worry some people somewhere...

Little beknownst to them, it could already be too late. I really hope positive bond news is released next week to get rid of the rot...

Not to mention the geopolitically unstable location of the mine, this has a huge effect on the institutional investment both in number of institutions that would and also the size of the investment.

Sirius based in the U.K. will tick a lot of boxes as we approach production. Huge institutions, pension funds, ETFs all piling in...

I was only thinking about those who are not already in, there will be many waiting for confirmation rather than indication of a successful bond issue.

I’m already in and in some more and more recently in even more!... Those waiting are possibly ‘twice bitten thrice shy’ from the previous fund raises which have also heavily indicated one direction only to confirm another...

Either way, very confident of the bonds selling at 12% and then onwards and downwards...

When these bonds are reported sold shortly, let’s not keep the negative threads going...

Can we all just filter this complete Member and stop promoting his drivel?

Danakali:
Potash not Polyhalite - research the Sirius Minerals agronomy program
Eritrea not England - research the location of the mine particularly proximity to the border with Ethiopia and the history of this.

Certainly an interesting and speculative potash play but apples and pears from Sirius.

Also why Joe Public won't be able to find any information I imagine... Effectively they will be sold by invitation only and I'm sure there will be a little back scratching performed by JPM, Also not expecting the rate to be that low because of this. I will be happy with 12%.

Countrywide had a failed bond issue this year, cannot find if the bond was rated or not but it offered 8%. Prospective buyers were requesting at least 9% but countrywide fit more into the fallen angel description whereas I hope we will be viewed as the rising star.

Either way I expect CF will understand the mechanics of the whole process fully and will ensure the bonds go quickly rather than fuss about the odd few percent - even 2% difference equates to $75m over the life of the bond which put into perspective is around 2 weeks revenue at 13Mta.

They will not be available unless he is an pre-approved investor:

'Promotion of the Notes in the United Kingdom is restricted by the Financial Services and Markets Act 2000 (the "FSMA"), and accordingly, the Notes are not being promoted to the general public in the United Kingdom.'

RNS Number : 1524G
Sirius Minerals plc
19 July 2019

No. DYOR

Is JPM Cazenove not just the branch of JPM that deals with U.K. assets?

Well done Zoe!! 15.87 to 15.06!! Wow... Factor in the bid/offer difference, trading fees, commission and stamp duty and you must have made nearly enough for a 10kg bag of Poly 4...

Guess it will be better smelling than the bull**** you’ve been using up til now to grow your doomed agenda...

Who said it could be a deliberate manipulation in order to close short positions?

Big dip on no news, panic the uninformed into selling and then shorts drop...

Who’d av thunk it???

As 15L says, we would always be restricted to a B or junk bond due to fact we have no revenue and if anything goes wrong no way of repaying bonds. B is almost at the top of the junk bond pile however so pretty happy if we get the B confirmed... Ratings here for this interested:

https://www.investopedia.com/ask/answers/09/bond-rating.asp

As far as demand goes, junk bonds have been very sought after recently due to the low and even negative yields of premium bonds caused by low interest rates globally. Some junk bonds are even being sold with negative yields!! That means buyers are paying to own them... link here:

https://qz.com/1667436/investors-are-buying-junk-bonds-with-negative-yields/

IMO with the progress, potential and financial backing these bonds will sell and then we are on our way...

I’d take one for 10-15%!!

Can’t disagree with your numbers John... Let’s hope so! By 2029 all being well many of the signed TorPs will beat or approaching expiry therefore we may see some incremental increase in the sales price and subsequent capitalisation of the business...

Fingers crossed! Also holding, will add again should there be any inclement weather ahead however... In for a penny and all that!

Sorry doesn’t really make that much sense now I read it back, typing on phone whilst multitasking...

But the gist is there...