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“or persuading a large investor to change their vote.”
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Are you for real?
When the vote is cast, the vote is cast!
See this link is now DEAD, fancy that
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No it isn’t. I’ve just opened it.
“ If receivership happens then at least I'll feel happier with myself.”
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For what? For running families out of incomes and for watching every last penny of your investment turn to fuk all?
Smart move. Still feeling happy?
“ No spin Scotman. That’s why I predicated it with “if”. Which side of the bed did you get out of today the sack Fraser side or kiss his ‘arris side. Dr Jekyl and Mr Hide got nothing on you. ”
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Really? Nah, I guess I’m probably a bit more like most genuine followers of this project since it’s inception.
Sometimes I still want to be supporting it and sometimes I feel shareholders have been very let down.
I do however appreciate it was never goi g to be complete until finance was over the line
You may recall ( if you’ve been here with a longtermview that I have very often warned of this hurdle.
Unlike you. I don’t post with any agenda. Just how I may feel at the time of posting
Right now I couldn’t care less.
Take care
(A 5.1p fall can bank you some profits).
I’m sure there will be a few following up on securing ongoing work elsewhere during this period of uncertainty.
It should be expected.
“ If it’s true he’s been shown the door,”
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Where was it indicated in the thread that he may have been shown the door?
You’ve just thrown that spin in there for another pop at CF.
Jeez man! Stick to facts!
"As a result of the York Potash acquisition, Mr Fraser now has a beneficial interest in 112,500,750 New Ordinary Shares of 0.25 pence in the Company. This beneficial interest is held through C & J Fraser Investments Pty Limited as trustee of The Fraser Family Trust. This holding represents 12.8% of the Company's enlarged share capital.
Chris Fraser has entered into a service agreement with Sirius under which he has been appointed as the Managing Director and Chief Executive Officer of the Company with immediate effect. The appointment will continue until terminated upon three months notice in the first 12 months and thereafter six months' written notice by either party. In addition, in the event that there is an effective change of control of the Company or the Company merges with another company which is not a group company, from the date the Change of Control takes effect the written notice to be given by the Company to terminate this appointment shall change to become not less than 12 months' notice in writing. Mr. Fraser will initially be paid a base salary at the rate of £260,000 per annum."
https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=293912&culture=en-GB
112,500,750 x 16.5p = £18,562623.80 on the day of acquisition.
123,997,368 x 5.5p = £6,764,855.24 on day of surrendering to AAL bid.
All that effort & all this grief? Like all PI's, I'm sure he's tickled pink at the outcome!
ffc,
Scotman
You want CF & TS to stand down?
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It's all too easy to get emotional & state thoughts which may be influenced by events elsewhere in our lives.
Somethings we may later regret having said or done. Perhaps not say or do things we wish we'd done.
Sometimes after an event we can reflect. Like the time I was sacked from a position simply through a spiteful bastard who felt threatened by my deeper knowledge & understanding of positional requirements. Unfortunately he had the ear of senior management & his malicious nature led to my dismissal. A dismissal that threatened to take the food from my childrens plates.
Sometimes we need to be reminded of our past & what times like those meant to us.
He is 1 of 2 people who i've met in my life that I will kick the living **** out of if I ever see him again. I never have & will never knowingly put someone in that position he put me in.
The current employees at Resolution House & beyond don't deserve such treatment.
CF has poured his heart & soul into this project. You can see what it has done to him just by looking at then & now pictures.
I understand why he wants to protect the employees. I'm very sure his ethos is very aligned with mine as stated above.
The burden on his shoulders, I'd care not to imagine!
I doubt any of us will ever appreciate how devastated he must feel at not getting this over the last fence.
I also doubt he will take much joy in working for AAL on (his) this project. This is much more than another years salary for him.
Like many others, Scotty wishes he'd just left his earlier rant sit on his desktop 10 mins longer.
It is nothing other than a yes for me.
I did have paragraphs!!
My stance with CF & TS is that they haven’t done what they set out to do. “Create shareholder value by getting to production”. I have two votes in my head. I understand the eventualities my no vote might make. But then ask if it would be such a bad thing for the local and regional economy, for which I have great empathy, coming from a similar area myself.It’s not up to me to enhance Scarborough & the surrounding areas economics. It’s not up to my kids inheritance to create jobs in other areas either. Not without a return! So whilst a no vote from me could lead to the loss of jobs, I really don’t think a no vote will. There would be others willing to pick the bones of the Sirius carcass. What a no vote might cause to my personal wealth is nothing I wouldn’t recover from. I have followed & supported this project through thick and thin. I admire the doggedness of having tried to go it alone. I am (in my own way) proud to have been a part of what has been achieved, but of course in the end it all proved too much of a challenge. I feel aggrieved that the BOD repeatedly told us they believed the funding would be there if some conditions were relaxed. I am dismayed that JPM even to this day are advising on the financial merits of the project.So my Yes vote comes with a condition. That condition is that CF & TS stand down from the project prior to the court meeting and they consolidate their position not just with SM but also from the projects future. The same deal as the shareholders they represented.
cuckoo land.
https://siriusminerals.com/investors/firm-offer-from-anglo-american-plc/
It works for me every time. Anyway, follow to the firm offer page, then scroll all the way to the bottom of the documents. It is the last document uploaded last night.
No it has not.
https://siriusminerals.com/site/assets/files/6414/yorkshire_post_q_a_with_chris_fraser.pdf
https://siriusminerals.com/site/assets/files/6414/yorkshire_post_q_a_with_chris_fraser.pdf
All the way from 30’s to here with your short and still thrashing out for another 4p drop KOH?
Spare us!
I don’t think you’ll find many philanthropist here at this moment.
I agree with an element of that. Not all of it. Strong local support was part of the key to securing the planning, but in the end it came down to the S106 package and the benefits that would bring.
I was at the meeting.
“ Sod Fraser and the jobs without our money there’d be no project and no jobs. ”
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That is complete codswallop LTV. If you want to garner support for your NO campaign, then at least base it on facts.
The previous fundraisers were underwritten. The company will have received the monies regardless of it being institutional or retail.
Did you forget about the ‘clawback’?
. Sirius has already been pre-approved for IPA backing. 'The IPA is the last piece of the jigsaw puzzle,' says Fraser.
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Fraser then went on to say “if it comes at all”!
He knew there was a chance of not securing it, yet he and TS thundered on with the whole stage 2 finance package revolving around it being granted!
And yet he suggests PIs should seek financial advice?
Lmao. And where did the megabucks advice he received get shareholders?