Member Info for sheps8

Casapinos, I'm in agreement about the transfer of equity from the PI base to Institution bases, it will be not only essential it will be a natural progression of the ownership of this company as the risk of the company reduces to meet the conditions required by such Institutional investment criteria, however that's a totally different prospect to your earlier statements regarding transfer of ownership or takeover remarks, there is absolutely no way that our CEO and BOD's are going to put themselves in such a position or risk of such outcomes in the process of negotiating ST2 financing, I'm 100% sure of that hence the tone of my responses to your suggestion as such.

Sheps8.

casapinos "leading to a potential change of ownership somewhere down the line." oh dear, you really don't know anything about our CEO and the BoD's do you!!!. LOL.

Sheps8 ''twas just thinking how nice to have relived myself of one clownage professional and another pops along.

It has for some time now become blatantly obvious by your daily constant repatiion that you are clearly playing a game here to further your dilution agenda under the guise of balance sheet net/debt worth, it's also blatantly obvious that the vast majority of contributors to this board have got your message loud and clear and many see the reasons behind your opinion different, however by your constant repetition day in day out for weeks now you are once again damaging any meaningful purpose of this board, not for the first time, please stop, enough is enough, even you know you are not making the slightest difference to people's opinion here, indeed because of the level of debate and opinion levelled against your opinion I feel that you are now doing this purely to irritate members of this board which is childish in the extreme, everyone is entitled to their own opinion but this is absolutely ridiculous now and serves no constructive purpose to this board whatsoever.

Sheps8.

Sheps8.

Casual, LOL, not even I'm nieve enough to think there won't be dilution, however it's what the company get for a piece of our cake that really matters, or maybe we should all vote for SL to become CFO and let's settle for the easiest option available and pay him a huge salary for the privelidge cos that's what they do don't ya know.

Sheps8. ;-)

Would that be the fools that can't spell paradise SL.

Pray tell would it be that it's now "stymied" because the dollop of dilution to shore up the balance sheet and protect the debt lenders from shock is somewhat diminished since yesterday, must be very disappointing for you after all the work you put in to convince us that a huge dollop of dilution would be very good starting point for your re entry point, I think that's how most have read your prose here over the past few weeks.

Ah well SL you win some you lose some, not a very dignified way of dealing with today's news though chum calling us all fools.

Sheps8. But I'll get over it. :-)

Oh I am used to it Roulette, I've had many posts removed when I'm in dialogue with a specific poster on here and I'm absolutely convinced it's he who has presses the report button, however it only re enforce's my opinions about said individual, he can give it but can't take it.

Sheps8. Yes Scotty.

Oh didums, looks like someone from the Drivel Club didn't like a retort from the Glee Club and had my post removed. PMSL.

Sheps8

Just seen the following statement on SXX's Facebook page, from SXX in replying to someone who says he's going to report yesterday's trading to the authorities.

Mr////::/::::::/// The Company adheres by its disclosure obligations extremely diligently and all staff and advisers are made aware of their obligations. Any evidence of people or organisations acting illegally or outside of their obligations should be reported immediately to the relevant authorities. The Company will not hesitate to take appropriate and robust action in such circumstances.

Sheps8.

I see this as positive news indeed, what we have been told is that a major financial institution has proposed the full debt structure, this means we are not struggling to secure the nessary ST2 3bn and that financial institution sees real value and our BOD see this as a better solution worth pursuing, I'm pleased to see this news, it would appear to put any uncertainty regarding the IPA involvement, given the uncertainty surrounding Brexit at the moment I'm happy to see that one put to bed not least because I strongly suspect the whole restructuring of ST2 in the first place was because of the limited involvement of the IPA from what was originally planned.

The company are still negotiating the options of the extra capital required and again I strongly suspect that a partner taking a stake will be involved in raising this money in collaborative deal.

All IMHO opinion of course, wouldn't want to expound knowledge beyond the obvious lack of such and make a fool of myself like a few posters recently on this board.

Sheps8.

casapinos, I know you have given yourself a caveat with your "i.e." but that really is speculation of the highest order, there is absolutely no way SXX would counter such an idea as an alternative finance proposal, and you claim to have some sort of 'City' experience!!!. PMSL.

Sheps8. Wish I had a quid for ever bit of speculative nonsense that'll appear on this board until further news is released.

"and my "drivel" (as the 'sage' Sheps puts it lol) neither of you has got it yet buddy lol."

Oh I've got it SL I really understand what you are saying, however I think it's utter drivel of your own creation as many others have stated, you have absolutely no idea that the debt financiers for ST2 will require the balance sheet shoring up to counter the net/debt ratio as construction progresses, it may be true it may not be true it's just pure speculation on your part, it carries no more weight than me saying ST2 will be all debt which incidentally I don't believe and have never stated, that's another figment of your wild imagination SL, your a fantasist of the highest order.

I realise some on this board don't appreciate personal remarks but I call a spade a spade, I can give and take it. I don't think I've ever come across someone like you either in online or in person, anyho I'm bored to death with your mantra SL its blatantly obvious you want to deliberately keep this dilution situation in the headlights of this BB and I believe it's very much to suit your agenda here, I trust the BOD to be working their socks of to deliver the best possible outcome for ST2 not your quite frankly outrageously ludicrous suggestion that we should put ourselves in their shoes and think about the easiest options available to them, that's simply not what they earn huge salaries to produce, you really do insult the intelligence of people who contribute to this board with what I consider to genuinely be "drivel" SL.

Sheps8.

"Must dash" I don't know why, at this rate you will meet yourself coming backwards very shortly anyway.

Another dollop of drivel from the one and only. PMSL again.

Sheps8.

If your referring to superior intellect PAAA!!! well be in no doubt who hit the recommended button. :-))

Sheps8

SL (munch on that sheeple) yawn, not heard as much repetitive drivel since hearing Britney Spears singing Womaniser a couple of years ago. didn't feel inclined to buy her record either.

Sheps8.

RU, just think how much personal satisfaction you've had over all these years with your constant repetition, money just can't buy you that kinda satisfaction you so obviously enjoy ;-)

Sheps8.

rrr, my mistake I meant Equity/debt, fact is you are quoting "On time on Budget totally out of context to it's intended meaning, this company is still on time and on budget from the intended meaning by the company in it's RNS, you chose to twist that.

Sheps8.

rrrHahaharrr, you have taken a company statement "On time and on Budget" from the previous RNS and deliberately misconstrued it, it was intended and understood to relate to the build timeline and the current spend to point upon which the RNS was released, it had nothing whatsoever to do with ST2 finance, so you have deliberately taken something out of context to suit your clear agenda here.

You are now stating that the contingencies moneys will be pure debt completely disregarding the company's stated options it's pursuing and once again deliberately misconstrued this to mean there is only one option, it isn't and the company and its Financial directors will be looking to create the best added value option which no one not even you with your 'fantasy facts' knows will be until it's officially released via an RNS.



Sheps8

Oh I'm quite sure rrrRRRrrr has no intention of stating his case and moving on, from his very tone and nature of his post the other day and his continued presence here reiterating the same old same old without a shred of actual verifiable fact I'd consider his agenda here requires far less assessment of any ST2 makeup, nothing new we've seen it a hundred times before regardless of where the SP sits.

Sheps8

"..is wishful thinking and bereft of substance." coming from you leggs that's an absolute belter. :-)))

Sheps8.

rrrRRRrrr, your "facts" I would recommend you look up the meaning of the word, there is actually very little "facts" in your posts this morning and that's a fact, here's a fact for you: RNS of 22nd January:

"The Company remains on track to achieve first polyhalite and commercial production on time and in line with the cost schedule announced on 6 September 2018"

"2018 was a year of significant progress for the Company. Completion of procurement to support the stage 2 financing and the signing of an additional 4.8 Mtpa of take-or-pay supply agreements, have been substantial achievements. Considerable progress has been made across all our construction sites and development activities are advancing at pace. More than 800 people are now employed on the Project, demonstrating the transformational potential for jobs and growth in the local area.
"Executing our stage 2 financing plan remains our priority. We continue to make progress towards obtaining stage 2 financing commitments and are working constructively with all relevant parties to achieve this. The process with the lenders is continuing this quarter as we work through the due diligence reports with the lending group and progress discussions on the revised debt structure."

I'd highly recommend you read the full RNS, it may just to equate the difference between your implied facts and real facts!!!. I doubt you will then understand why I found your first post this morning amusing but your second post invoked the same feeling, some of us follow this company very closely and can define fact from fiction.

Sheps8.