Member Info for Sageman

Hi Bayleaf, my post earlier and yours are mutually supportive. The numbers here if a partner comes along and develops are eye watering which the resultant NPV calcs you have done show. The issue is how much we would see of the cake? In the meantime I have a large holding with a B/E of 5.5p which I am very happy to have in the bottom draw. The mine here is phenomenal and will get built. The questions are when and what will be our share of the cake?

People forget that this is FTSE250 stock. Fund performance is hard to come by and institutions have client money invested. Look who bought in last week. The bonds will be purchased accompanied by a healthy relief rally in the sp which the best clients of the institutions will share in. I have topped up at these levels and am very comfortable - its not a done deal but I would say its and 80/20. All IMHO

Please see below an email I received yesterday:
The RNS issued last week stated that as a result of market conditions, largely driven by concerns around escalating trade wars, we have suspended the proposed note offering but we intend to revisit the market when conditions improve before the end of this quarter. Despite the revised timeline, we are still working hard to conclude the stage 2 financing process in line with previous guidance and execute the financing plan set out earlier this year.

At the point in time we come back to the market we will issue another RNS.

Kind regards

Tristan Pottas
Investor Relations Manager

Sirius Minerals Plc
A: Resolution House| Lake View | Scarborough |North Yorkshire | YO11 3ZB
T: +44 1723 470 010
E:tristan.pottas@siriusminerals.com



siriusminerals.com
poly4.com

Sirius Minerals Plc
A: Resolution House| Lake View | Scarborough |North Yorkshire | YO11 3ZB
T: +44 1723 470 010
E:tristan.pottas@siriusminerals.com



siriusminerals.com
poly4.com

The RNS issued last week stated that as a result of market conditions, largely driven by concerns around escalating trade wars, we have suspended the proposed note offering but we intend to revisit the market when conditions improve before the end of this quarter. Despite the revised timeline, we are still working hard to conclude the stage 2 financing process in line with previous guidance and execute the financing plan set out earlier this year.

At the point in time we come back to the market we will issue another RNS.

Kind regards

Tristan Pottas
Investor Relations Manager

Sirius Minerals Plc
A: Resolution House| Lake View | Scarborough |North Yorkshire | YO11 3ZB
T: +44 1723 470 010
E:tristan.pottas@siriusminerals.com



siriusminerals.com
poly4.com

RA, you are a delusional vindictive misguided fool. In the unlikely event that the BOD were found guilty and fined say £1m it would be worth less than 0.2 p on the SP. BUT in the real world the lawyers would make plenty, the Sp would fall more and shareholders would receive the square root of bugger all.

Rogue, you miss one tiny but hugely relevant point. SXX are sitting on a mine with 100 years of production of much needed fertiliser in our global warming impacted future. It is also forecast to through off over £1 bn in free profits pa. On top it has a sound financial business plan and an even sounder engineering competency. This is not about some car that might sell , it is a product that is guaranteed to sell and in huge quantities. It is also not an AIM stock as some posters have said but a FTSE250 stock. We will therefore get funding the question is what will the price be and the subsequent impact on the SP?

A bit of research shows that the trading range for this share in recent years is 45 - 75 p . It is currently unloved yet yields a 6% plus dividend and is in the 40’s again. Yes it can fall through support but if someone is investing rather than gambling short term this is a pretty safe bet especially with PPI nearly over. The world will not end with Brexit ( whatever the outcome) in the same way that we all survived the much hyped millennium bug!

YL and anyone who thinks it is worthwhile pursuing litigation . I have one question. Do you expect significant financial gain as a result of your actions? It may make you feel better but even if you are successful, after the lawyers have been paid - they always do well!- how much per share is this worth? There is no point suing someone with bugger all money and limited liability.

YL when you work for a co your salary depends on them being successful to pay your mortgage etc. You thus have significant financial exposure. If you further buy shares that increases the exposure. The previous management were poor but Lucan seems more credible. When you get a change of management you normally expose the skeletons ASAP. Thereafter you have a clean slate. That is where we are with Angus, hence the Sp. I doubt it will fall beyond 1.25p but who knows.

A pillow, I have repeated the message because it is true and ongoing. Also there are so many posts here and they get missed. People expect lights camera action. We get lights , lawyer, lawyer, sub clause, warranties,.....for the layperson it is incomprehensible that deals can take so long. But the bigger the deal the more onerous the small print.

Been catching up on the posts here. Lots of arguments but actually a lot of agreement. Agreement number one = nothing happening here any time soon. Agreement number 2 is that when it does kick off the mcap will be much higher than now. Conclusion = put in drawer and hope that any dilution is not catastrophic in terms of the resultant SP.

I am involved in a deal. Heads of Terms were August 2018. Completion due December 2018. Deal still not signed but will be next week. At no stage has either of the parties wavered but the red tape has been a nightmare. I know of numerous similar situations. The FO here will be no different it is just how it is with these types of deals especially if the top legal firms are involved. None of us can do a thing about it so however frustrating it is you may as well just sit back and be patient.

Realanalyst you are a delusional. The only person who will make money is your barrister! This company has very little money and by the time your case goes through it will all have been spent on exploration or if you have your way paying lawyers. Petro Matad was worth 2p earlier this year and now circa 8p and hopefully much more by the end of August. I bought a million to trade at 1.45 and sold them on recent spike at nearly 2. I will use the proceeds to buy again if we fall towards 1. BE currently 6. When I buy back in it was fall significantly. Sell trade, rinse repeat. Take control and responsibility for my own actions. Far better strategy than enriching the legal profession!

Desmond, RBD has much higher mcap by a factor of over 7 and actually has only 37% of the 189 BCF. Also Saltfleetby is 10-15 BCF not 10 but may have access to a far bigger field in the Numurian layer. But you keep deramping!

There is never any point suing anyone with no money! The lawyers will make money but the cash in the company is worth less than the current sp. it is a ltd co and any chance of proving fraud is slim. So whilst litigation may make people feel good it is financially a poor choice. Better to focus on making money from the existing assets.

I think that people need to listen again to the conference with reference to Saltfleetby and timescales. We are expecting news in circa 2 months.

Saw the same on Petro Matad - fell like a stone on bad news to 2 p earlier this year. Now back over 8p as people focus on the future instead of the past. I didn't sell at 2p , I bought more. I am now in profit. The current sp is based on sentiment and assumes that all is woe. The time to buy is the maximum point of pessimism. Each person must do what they feel is best but you only make a loss or gain when you sell!

The shares traded actually translate into £240,000 or circa 3% of market cap. Hardly an avalanche!

Willjones, employers have until the 19th of the month to pass over pension contributions from the previous monthly salary run.

Rxdav, the Sp tanked because the drill failed. The Sp will rise and fall on speculation and results. If you need the money now then sell. Do you seriously not believe another spike will happen. Look at Petro Matad 2 p and the mentally derail the crew almost baying for blood and 6 months late up nearly 450%. High risk can be good or bad but don’t sit and cry when a gamble fails. Luckily here the next gamble is close at hand.

Realanalyst unless you have sold you have lost nothing and if you have lost millions it shows you are no analyst and clearly know little about investment. This is a high risk gamble not fit for more than 1 or 2% of your portfolio. My sole interest is the future. Do I believe that the fall in the Sp is overdone? Yes. Do I believe the Sp will be £1 anytime soon? No. Do I believe that 5-10p is achievable with good fortune within 18 months? Yes. Investment is a game of patience . There will be speculation about the gas and the oil so there will be spikes. So man up and stop crying in your beer!