Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Did anyone notice WH Ireland is one of Sirius's brokers and polygon own 30% of WH Ireland?
Polygon going long on the CFD's are a positive sign. I just hope they can see an alternative finance package coming along rather than an increase on the s**t bid from AA
I just hope it's a finance package not further bid, I hoped to be in the project for the long term.
If you read page 8 on the link below, Qatar will still effectively be getting 5.5p after converting the bonds to shares, if Anglo do buy the company please see below, am I reading this correctly? Surely its still in their best interest offer the bridge loan and protect their investment?
https://siriusminerals.com/site/assets/files/6394/beach_rule_15_proposal_sands_2023_bonds.pdf
Polygon now own 500,000,000 shares just over 7% of the business through CFD. I see this a positive to raise a higher bid or if they know potential debt/equity investors. Who knows time will tell...
RedbullRJ - I am too thinking they know some information not known to us yet, unless its just a gamble? worst case scenario they get 5.5p and loose out slight from their purchase at 5.54p
Longtermview24 - it looks likes they own the shares through CFD's, if this is correct then they don't get a vote as they are not the actual owners?
Polygon have increased there holdings, they now own 6.992% - Do they know if a better deal is coming along?
Anyone else noticed Polygon have increased their long position it is now at 283,036,229 (4.032%)
They must be highly confident this will go up?
100% agree on your post longtermview24 - my view is to hold until some firm news comes out.
I don't agree,
1. More capital would be needed to complete the mine.
2. You need the team and experience to run this mine.
Buying a stake in the company is more favourable than buying it and trying doing it on your own, its too much risk
I think the BOD have done a brilliant job getting this project off the ground from plans to where it is today, I have confidence in them they will get this built. Yes dilution will occur but for LONG term holders there will be profit for us.
Im still holding, i still have hope I was always in this for the long term. It's positive sign II's are still holding expect citi which sold 1/3 of their shares but everyone else is holding.
If you listen again on the conference call on Tuesday, we would have sold the bonds with warrants, its not like there isn't interest its just the investors want a better deal due to the risks, which is understandable considering how big the project is. The BOD are aware of this and are reducing that risk before going to the market. They just need to find a way now to raise the capital for the sink shaft and tunnel, this is NOT going to be a bust for sure, but will involve dilution. I just hope they could over some terms like royalty agreement with the new investor who will fund the shaft and tunnel, its a better deal for them and for us shareholders.
Having a strategic partner doesn't necessarily mean the total funding will be dilution, if you look back at stage 1 Gina gave 300m of which 250m was royalty agreement and 50m in equity. I personally wouldn't mind having another strategic partner with similar terms at least LTH wouldn't be further heavily diluted - it may hit our dividends depending on the royalty but it would preserve our share costs. What's everyones thought on this?
This poem is so beautiful, give this guy the poet of the year award :)
So my shares in LSE will be converted into shares for Sibanye-stillwater in NYSE not the JSE?
If new shares are issued to JSE how do we trade the share? i'm using Hargreaves can we still trade them online or do we need to find a new broker company?