Member Info for Roulette

Thank you for the responses.

R

**Today 09:15Quote from Gov.Uk
‘The IPA works with the Cabinet Office and HM Treasury’.
Oh dear! Equity funding and dilution might be the lesser evil**

Is this the elephant in the room? C.F. has stated the mine WILL be built, and one option he has is equity funding, why would the govt provide a guarantee? They would still get all the benefit of job creation, taxes, etc etc either way.
Do they get any payback from providing a guarantee.....someone mentioned a fee? Is anyone aware of any precedence with this and any idea of how much the govt could/should request %wise? Is it an attractive option for them? Or would they view it as too risky not to support the project?
Apologies if this has been covered before.

Very long term holder.
R

Thanks paaa for that explanation....I didn’t understand either but your post has enlightened me.

Regards,
R

Hi Kspine.....you’re not slow....been a lot going on and it’s a job to keep up with all the posts! Guess I’ve been guilty myself over the years of not being up to speed all of the time.

Interesting few months ahead.

R

Kspine.....where’ve you been these last few days ;-)

R

LITC.....very early in the retort, this surely covers it:

The two key hurdles for Sirius are still lifting offtake agreements from 5.7mt to c.6.5mt and completion of Stage 2 financing, both of which are pre-requisites to realising our 60p target price

R

I find it difficult to accept that the poorly researched article in the ft could have had such an impact on the sp.

Scotman - I think maybe you too ( and I stand to be corrected ) believe it to be more likely caused by bond activity?

Views anyone else?

R

I guess it rests upon ones understanding of the word ‘balanced’.

R

Oldhamboy......I welcome a balanced argument. Where did you read one?

All the best,

R

Stuart.....we’re not on AIM anymore. We’re on the main FTSE market, so unfortunately, yes, stamp duty applies.

R

Paaa....well put.

R

Myo....appreciated.

Anyone not wanting to provide all your contact info to Alphaville you can read the full article just by googling:

Dan McCrum on Sirius

R

Scotman....maybe I’m reading more into it than is there, but I was thinking....did the ipa rep feel the need call him back to emphasise the point as he felt he may have in some way intimated to the reporter that the deal was in the bag? Dunno. And never will.

R

Myo....what did you make of this from the article re the IPA...

“A spokesperson said “hundreds of projects are prequalified. That is an administrative stage that begins the process. Most projects that are prequalified don't go on to get approved”, a point the representative subsequently rang back to emphasise”

Why would the representative feel the need to ring him back to ‘emphasise’ the point?

R

Yes Fosterite....You’d think he had an investment in Mongolia.

R

MrM.....great post....made me chuckle.

R

Andy Murray in tears after Judy told him she had sold all his Sirius shares last week.

“And is why on Monday morning I said I didn’t think we’d better 35.5p before ST2 completes. One less than bright spark suggested I was talking rubbish. 5 equally not so very bright sparks appeared to concur“

Ouch.

Myo.....your contributions to this board are outstanding. Very very much appreciated.

R