Member Info for sheps8

rrrRRRrrr, haaHAAhaa :-)

Sheps8.

deejay : Sirius Minerals Investor Relations 22nd Feb 2019

1. CEO Chris Fraser on Q4 Progress Update - Conference Call Transcript [Jan. 22, 2019]

It was in the public domain on 22nd Feb and an eagle eyed christabirdies spotted it, that's all.

SL: "Honestly, I give up on you and Sheepsy lol" none here is under any illusions about why you keep on perpetuating this dollop of dilution vision you'd love to see, no one but no one doesn't understand the implications of dilution including you pal, you have taken your position on such an outcome just as we have taken ours on the company's stated desire to look at different options including a strategic partner, it's high time you got it in your head that no one is fooled by your agenda here SL you are tripping up over yourself with each passing post, not least that the CFO's should take the easiest most convenient route available to them, what a joke of a statement I'm almost lost for words other than I and I imagine many more are insulted that you think we are nieve enough to fall from your absolute nonsense SL.

Sheps8.

Who's the belligerent one now SL, no need pal, I'm simply trying to get the sheeple to understand and get behind your slant on dilution, after all who wouldn't want dollops of unfettered dilution at any cost!!. Oh apparently not many looking by the tick ups to my suggestion to the benighted flock to get behind you, oh well sorry Leggs I did try, must dash I've obviously got a lot of reading up to do on balance sheets fella, I can only look up to your fantasmogical knowledge on such matters.

Must dash before I PMSL.

Sheps8

Gosh SL "For the numerous reasons I've mentioned, we should all be screaming out for a dollop of unfettered, unsecured, free (to the co) dilutive share capital to help give us a fiscally stronger, less leveraged, and less vulnerable company on the way to production........your "strategic partner route from some outfit" Scotty, not so much!!!

Superlegs If only you'd mentioned this before!!!.

So all you sheeple out there let's have no more of this own opinion nonsense, forget strategic partners or added value finance let's all vote for SL to become the Chief Financial Officer and let's get "screaming out for a dollop of unfettered, unsecured, free (to the co) dilutive share capital" you know it makes sense now he's repeated it a hundred and one times sheeple don't you, come on we all know the more he says it the more it becomes reality now don't we, of course we do, let's face it until he's re-established his position here he's going to keep this up so we should all throw caution to the wind and get behind unfettered dollops of dilution, the more the merrier, let's get that shareprice down to single figures, you know he'll be screaming positive vibes from the rooftops once that's happened and we can all live happily ever after in leggera la la land.

Sheps8.

Your Narcissism in full swing again SL!!!:

"There's no doubt that the sheeple are waking up to the debt/net worth ratio risk, the necessity for us to shore up our balance sheet and the spectre of a substantial dilutive dollop (or some smaller blobs) that I've been "bangin"on about.

Here's one sheeple that thinks your creative juices knows no bounds fella, as many have stated and I absolutely stand by that you have no more idea than my dog what the debt lenders criteria and assement is for their participation in the 3bn debt lending, it's been the company's stated intention for some considerable time that 3bn was considered their appropriate level of debt not the lenders, all this nonsense you are espousing otherwise is to support your creativity about dilution, no one here has argued that dilution will take place it's the way and make up of that dilution that's the crutial factor that counts as stated by many over a long period of time, stop being such a knob SL you haven't suddenly woken sheeple up to anything you have simply implied that maximum dilution without a shred of opinion about how that dollop of dilution will be created will be the making of the company, it won't and the company will be doing its utmost to make the very best added value to the company in the raising of the extra money hence the range of options they are pursuing.

I'd much rather be called "belligerent" than let you try and get away with such ridiculous prose to support your self belief that you have any idea what your talking about in 'your' own mind

You certainly provide a large dollop of entertainment value here SL that's for sure.

Sheps, PS note to my benighted flock please stop ticking my posts up, have you any idea how much SL has spent on new keyboards.

http://youtu.be/J1qKSfSGXUA

Sheps8 PMSL.

Verulam, I'm of the opinion that neither Sirius as the customer or Strabag as the constructors had an appetite for a piecemeal method from a safety, practically or speed of delivery of this tunnel approach to lining the tunnel where it was only considered appropriate or safe, I do get what you are saying but believe it would be a chicken or the egg type scenario that would have incorporated a far higher risk factor on various fronts.

One things for sure, we could surmise the pros and cons until the cows come home, we will never be privy to the full diligence and geotechnical research that went into the decision to line the full length of the tunnel.

Have a good weekend, Sheps8.

tuckupp, I believe Verulam is asking a very valid point unlike some of the more regular posters on this forum I see no agenda in him seeking clarification or expressing his view on this issue.

Sheps8.

Apologies: versus Polyhalite

Sheps8

Verulam, does not the description Redcar Mudstone not in part answer your query versus d- which is in effect a hard rock type strata, one thing I'm absolutely confident of is that Sirius are not lining that tunnel full length on the say so of Stabag, and they have done a huge amount of geotechnical along the whole route, I believe the old mine workings you have mentioned in the area being a consideration in the lining itself, this tunnel will have a constant vibrating conveyor running through it for decades and it will be built to last, no half measures that could prove very costly once 10/20 million tons pa are rumbling through it.

Sheps8

SL's: "IMO the companies "finalising of risk allocations to increase by US$400 - 600m" is a euphemism for 'share capital will be sought to reassure potential funders so that they then fund St2 and that Woodsmith gets built!!!'"

We all know ad infinitum what your opinion is, how the hell you manage to translate the "finalising of risk allocations to increase by US$400-600m into a "euphemism" for share capital when the company has clearly expressed the 'options' it's currently pursuing in its latest Feb 19 presentation.

US$3bn US$400 – 600m Proposed Senior Debt Financing

Company progressing options for additional financing including;
* –  Strategic partner ?
* –  Completion support ?
* –  Structured capital ?
* –  Capital markets

Also to add a bit of much needed basic common sense to your ramblings about shoring up the balance sheet, shoring up the balance sheet is a self perpetuating action, as construction progresses using the raised capital however it's raised increases the value of the underlying asset, exponentially so as it nears completion towards production and cash generation, stop talking nonsense SL you have absolutely no idea about " dept/asset ratio" you haven't even considered the value of the project to press given the progress of the mine and capital spent so far, you haven't a clue what ", the financiers and their aversion to risk is!" or the criteria for assessing it will be at given present or future points, and you most certainly do not know anything about balance sheets.

I can only hope that dollop of dilution you are going to great lengths to promote isn't as big as that dollop of utter nonsense that spews from your mind to the keyboard SL. :-).

Sheps8.

For the record of other posters on this board rather than our resident narcissistic plank, (I'm absolutely confident you will have no problem knowing who I'm talking about) I have never doubted that Stage2 finance will include further issuance since it was announced that the contingency money was required, what do have issue with is his comments relating to the more dilution the better (not forgetting his absolute howler that he had no idea how many shares will be in issue once the financial instruments from ST1 have fully unwound in the first place and the fact that he no idea how to read the two sides of a balance sheet with reference to dilution as a way shoring up a balance sheet than my dog, it's blatantly obvious to me he's a complete bluffer that simply wants to re establish his position here at the lowest entry point he thinks his pathetic prose will encourage, however he's not clever enough by half to fool the majority of this board however he wishes to describe the many that simply disagree with him via a 'Recommend' button, he his tiresome and inventive in the extreme, yes only a complete plank would not expect further dilution but only a complete plank would see the issuance of 4/600 million dollars worth of dilution as the making of this company, what you have to decide is his he actually that stupid or he's simply talking his book, difficult when he clearly providing an endless evidence of both, I notice today he's found a mutual friend to bounce off, given the nature of John25 posting history I'm not surprised one bit!!!.

Sheps8.

Sailorchief, that's fabulous news, as you know that's what I've been banging the SXX drum for so long, it ain't just about the direct employment it's also the indirect benefits to the area and they are massive.

Sheps8.

AscotMatt, I feel that some don't truly appreciate the facts encompassed in your post, the specific manufacturing process of Poly4 is a key advantage in the performance of Polyhalite that cannot be copied, careful study of the crop trials gives detailed information regarding nutrient release and the timings thereof to maximize growth,strength and disease resistance in the development of a wide range of crops, this is due to considerable research and development at the early stages, it's my opinion that this is being overlooked by some as a major advantage to a large proportion of the early years of production over our future competition.

Sheps8.

Delineating the truth from management talk at ICL!!! now there is a challenge and a half, I'd imagine all those 'ex workers' who where assured of their future at Boulby a few short years ago feel exactly the same.

Sheps8.

Right on cue Paaa as if he needed to reinforce your point, it's just amazing the degree of utter Bull Sh1t he will come out with to twist his mantra as though he will be right if facts should happen to prove him wrong, a bigger tool I've never come across in my life. PMSL.

http://www.lequzhai.com/data/out/36/582280.jpg

Sheps8

Sheps8.

chilting, forgive me for pointing out a huge contradiction in reality within your own post:

"I think that after stage two, assuming we don't get excessive dilution,"

And

"After that it will be a very nervy wait until production starts with the SP very vulnerable to dilution rumours"

Once ST2 is completed there will be no vulnerability to dilution rumours because the world and his dog will be following the construction process and the quarterly/yearly updates from the company will clearly indicate if the project is coming in 'On time and on budget' as they have since the first shovel of earth was dug at the initiation ceromony, so I'm sure that further 'dilution rumours' will be treated with the same general contempt as those who seek manipulate confidence over the issue now, is it making the slightest impact on the SP now? of course not because we all ain't that stooopid.

While I'm on just a quick note for some to consider SL's Friday 23:07 post, just look up the meaning of word 'incorrigible' and consider it context to his recent posting here, I sincerely hope that TBM is as efficient at digging our hole as he is at digging his own, I recon we won't need another TBM this one would reach Woodsmith on its own in the process saving the need for that 4/6 hundred million extra. :-)

Have a great day everyone.

Sheps8.

Not being a participant in the National Lottery I'd consider throwing a couple of quid on a week a far better odds than predicting the future timing of the share price trajectory one the initial euphoria or otherwise has settled following ST2 finance has settled, the amount of drivers to sentiment during the construction process are huge including a few not directly attributable to this project so totally out of control of the company, your playing a pure guessing game and that is the difference between traders and long term holders until this mine is built and producing, I've placed my bet until that very very big wheel starts spinning for a very long time.

Sheps8

Best Wishes to you and yours RF, nice to hear from you.

ATVB Sheps8.

Stepping up to the mark.

http://youtu.be/8ttrDWZkKdI

Sheps8