Member Info for sheps8

Chemistry2, nice to see you here, long time no hear, shame the owners of the III decided to make a total pigs ear of what was a good chat board, hope you and your family are keeping well and if you have time for a pint next time your up here to visit Woodsmith drop me a line it would be great to see you, best wishes and as always 'upthepotash' :-)

Sheps8

Casapinos " and if I'm proved wrong will accept that." I remember Myo once saying that it's more the way you come across that rubs people up the wrong way than what you say, after all everyone is entitled to their own opinion.

I see from your above statement that you are incapable of understanding that, how gracious of you to tell us if your wrong you will accept that.!!!

To me it's more the fact that you continue to focus on your perceived risks here over and over despite your often repeating that you've said your piece and will go away for a while only to reappear within days spouting your negativity,

I don't believe a word you say about your past profession in finance and your arrogance in the way you post is beyond compare. Luckily I also feel that many here grasp that you clearly have an agenda here for whatever reason I'm dam sure it's not to benefit anyone else other than either yourself or possible paymasters.

Sheps8.

I have to laugh at some who are questioning whether the project or at least part of the project qualifies for Government IPA support in the form of loan guarantee, do you not think that the Gov dept may possibly mentioned that it does qualify when the 'In principle agreement reached with IPA in relation to structure and financing process.'!!!.

Sheps8.

Nah Scotty wrong chap, this guy who's name escapes me ATM voted in favor, he also had the AMEC guys stuttering and stumbling when he asked how many vehicles every thousand vehicles on the road network between Teesside and Whitby would be Sirius related, if memory serves me well it was three at the height of construction, kinda destroyed the image that had tried to be portrayed over the period of the Planning application by certain party's in an instant.

Sheps8.

Oh Myo, if or when we get chance to meet you will notice that I'm folliclie challenged, this was a direct result of the VD that the likes of Chadders and his Oppo at the time were prepared to spout to any and every audience they could get to listen, however some of us fought tooth and nail to dispel the myths with facts. It was indeed very challenging given that the planners were very much leaning towards NIMBYism to support their preference for refusal of Planning Permission, however in the background were the people who ultimately but by a very slim margin decided that this all went ahead, to hear a member of the planning committee to publicly thank shareholders and people on these boards for giving so much information was indeed a reward beyond my personal financial involvement, people like us could quite possibly have made the difference between this project going ahead or not.

Your input here is simply phenomenal, thankyou.

Sheps8.

Ahh the nations answer to receding back to the Stone Age our dear friend Tom Chadders bless him, the man who stated if YP ever got planning permission for a mine in the NYMNP he would resign as Chairman of the NYM Association, the man who objected to the landmark 'The Seated Man' sculpture that has drawn hundreds of thousands of tourists to the NYMNP to view.

I often wonder how much damage he does to the NMA membership by his prehistoric retrograde thinking to the area we all love so much, he's expounded nothing but drivel since the first time I met him, thank goodness he's not in a position of any real authority although I do feel he does damage the NYM, that's two of us Myo.:-/

Sheps8.

Strong words indeed, if the Treasury Dept and Ministers do do grasp the magnitude of this project and do their bit to support the biggest infrastructure project in the North East of England at a time of so much uncertainty regarding our ability to successfully trade as an independent nation outside of EU membership then we are well and truly stuffed as a country.

Sheps8

Thankyou for all your considered views to my question this morning, I keep an open mind as to how the structure of St2 will come but have no doubt that the BOD are not in the same position as they were over ST1 given the progress of the project and commitment indicated so far from the mandated lenders, this is a different beast to what so many people here seem to be comparing to ST1 of that I'm certain, I believe a mixture of the main options will make up the required contingency IMO, but one thing I'm certain of is that I have no more idea than anyone else on this board.

Of course it's not difficult to discount the degree of opinion weighted to people's positions here one way or the other but some interesting views either way.

Sheps8

casual, on the basis of your view about the 'city' getting wind of any strategic partner by now, did you hear anything relating to Gina's involvement prior to the official RNS!!!.

Sheps8.

Hi, it would be interesting for some of our more mathematical minded contributors to give their assessment of the balance of benefits to shareholders of further strategic partner part ownership and percentage of revenue of Sirius against the concept of dilution to get the mooted 400/600 million dollars required, something also worth throwing into this mix is the fact that this money is contingency money, if this mine is built on time and on budget give or take a small amount of that contingency then do any of you see that money being available to expand production quicker with less required funds in future?.

I'm of a mind to believe that a strategic partner involvement will be very much on the table in SXX HQ myself.

Sheps8.

Good Morning ExPotash, regarding the abitlity to ramp up production from the start to 10m tons then 13m tons and then further infrastructure to take capacity up to 20m tons the information is all within the Sirius website.

What I will say regarding your "CPL are far from a good company and have made many mistakes which have lead them being into the position they are in....." is that I'd say ICL have been an excellent company for the area over many years, more importantly via different ownership the Boulby mine has created immense benefits to the East Cleveland Economy and beyond, however there is one simple fact that ICL did its utmost to conceal from the world not least the Planning Department of the NYMNP during the Sirius Planning Application that it has virtually exhausted its chosen resource Sylvinite within any practical safe or economic means, given the timing of its switch of direction to mine Polyhalite the cynicism within me suspects that the investment they have made for this switch was an attempt to convince the NYMNP planning dept that there wasn't enough market in the world to justify two mines mining polyhailite and giving the planners a very good reason to refuse planning for what is going to be more than a competitor in the world fertiliser market than ICL and other major producers will be comfortable with indeed one of the Planning Committee members suggested such as part of his justification for his desire to stop SXX in its tracks.

In my opinion ICL biggest mistake and one upon which they still haven't tried to resolve was accepting the open offer of mutual working relationship with SXX to further the market in the benefits and expansion in the world of Polyhalite.

I take no pleasure in expressing that I believe ICL have dug a big hole for the future of Boulby and it's the wrong type of hole for its future beyond SXX reaching 10MTPA in my opinion, however I also have doubts that Boulby would even be an operational mine today had SXX not opened their eyes to the market disruption that Polyhalite will cause when Woodsmith comes online, to draw a comparison look at the way modern farming machinery has evolved from 1970 to 2018 and gauge the scale and cost of production of crops over that period, I remember my the state of my hands after a few days Spud picking in the fields when Boulby was being constructed to earn what seemed like a fortune for 8 year old, I was watching a machine harvesting the Potato crop this weekend, one field in a quarter of the time with four operatives instead of a field of twenty odd Men and Kids.

Sheps8, Food for thought about how things have evolved over the past 48 years.

Alixen, your "presume to speak for our collective dear Nana" oh dear, I don't presume to speak for anyone, you will notice the IMHO at the end of my sentence, it means 'In my honest opinion' so not anyone else's just mine.

Regards, Sheps8

DunnaRunna, now ask yourself this question, would your dear departed Nana have saved all her life to put you in the position of receiving such a generous bequest taken a gamble like this with that money, I believe therein lies the answer to your question.

It's one thing to assess the risk and decide to invest your money in a company you believe will ultimately make you multiples of your investment it's quite another to do it with the labours of someone else's IMHO.

Sheps8

PAAA, it's not gone unnoticed that posts relating to the fraud of the board has posts deleted on numerous occasions, his Walter Mitty reference made me smile, he really is a deluded little character if he thinks for one minute it's just you that has no doubt the he and LL are one and the same person, far too many clues not least the reporting and deletion of posts on either character that point out his flaws either in is sometimes unbelievable stupidity regarding his interpretation of company news or his childish superiority complex, silly person indeed.

Sheps8

Greetings indeed Expotash, welcome onboard, you are not the first ex CPL employee to have expressed on here that you believe the volumes being aimed for are unrealistic, however given the working environment of ICL with a mine designed and built in the early seventies and nearing the end of its life as a profitable mine restrained by the capacity of the shafts I'm not surprised by your cynicism, however you would really have to delve deeply into the engineering design of Woodsmith to get a different perspective of what you have become accustomed to working at CPL, I'm very confident that these figures haven't been calculated on the back of a fag packet, some of the worlds greatest mining consultants are and have been involved in designing the built in future capacity of this project, I doubt very little that Boulby was their template upon which they tweaked to get to the 13 to 20 MTPA figures.

Sheps8.

Quote from the Company:

"Portal construction at #Wilton for our first tunnel boring machine ("TBM") remains on track for completion in 2018. TBM delivery expected early 2019. #progress #tunnelling #civilengineerjng #engineering #construction #teesside #redcar #fertilizer"

First TBM early 2019, that'll be another milestone. :-))

Sheps8

As a footnote casapinos I note that on more than one occasion when replying to me you state what others have said on here, nice get out clause that one, should you feel the need to justify defense of my assertions about you would you stick to what I've said not anyone else on this board in the past, I've never quoted future SP of any figure and I've never said there will be no dilution, stick to what I've said instead of diversion.

Sheps8

Regardless of what anyone states on here casapinos, the facts as in the company publicly announced facts prove your points IMO as lies, no one could spend as much time as yourself on posting here without being aware of what the company as publicly stated regarding possibilities and timescales, you lied about your intentions on Tuesday this week "I promise to shut up and go away for a while".
Thankyou for your concern about my day I can assure you I'm enjoying my day, then again I'm not the one being exposed as a duplicitous lier!!!.

casapinos, so despite your own words telling us you have said your piece and will go for a while you are here again posting down right untruths no I'll go even futher and say lies because within your first paragraph there's two statements that no one could have possibly been mistaken on and therefore lies!!!

Your lie number 1,
1 "It is a good thing that the underlying report assumes that the extra $400-600 million of funding might be met by a placing , IMV much of the SP fall of late has been as a result of the CO. not facing up to and admitting that possibility.

The company indeed Chris Fraser himself has clearly stated that this is a possibility along with other options being looked into.

Your lie no 2:
2: The timing of the announcement of that funding need begins to look more and more "forced"

The company have clearly laid out a procedure and timeline for the completion of ST2 finance and nothing as this stage is forced whatsoever.

The fact you are trying to point out "shaky foundation" in the report and trying to back it up with utter nonsense is laughable, you have excelled yourself in the 'amateur' drammatic deramp stakes this morning, what a joker you've become, no surprise you should have gone to such extremes just now of course the SP is starting to recover, make sure you give all the shareholders a wave from the platform as the train leaves the station.

Sheps8.

FFS "Sorry, one very last question I feel I should ask CP: do you think we are all thick? It sooo comes over that you do. Bound to grate a bit that I'm afraid."

News Flash: Kettle calls Pot Black.

I've heard it all now. PMSL.

Sheps8.