Member Info for skier1

This share is starting to have a funny whiff about it.

These shenanigans have been going on for well over a year and dragging on for months and months. If it is not "elections", it is "staffing shortages". Meanwhile, the debt keeps piling up.

Charts look bearish again and are pointing to 3p as the next stop. Any close below 7p before Xmas will be a particularly bad sign.

It is a great article from the Daily Mail. A real scoop. The CEO said he might take SXX private. It shows his inner thoughts. Very revealing.

Share consolidations are almost always an excuse for dogs to raise cash. Make the numbers look bigger and pretty-up the shareprice. There will be a placing here soon enough ;-)

Lol.

Absolutely amazed that anyone still sticks up for the CEO!

The guy is a walking disaster.

Grabbing ~£1m a year from shareholders' pockets, while the following happens:

* Shareprice collapses over -90%.
* Failed tunnel
* Failed funding
* Failed government backing
* Workers losing jobs
* We're going private
* Err, we're not going private

And consider this quote (in The Times) from the CEO a few weeks ago -- "They [bulletin boards] have these people sitting in their basements in their sweatpants, giving them investment advice — unregulated, unlicensed — and people follow them.”

The guy gets rich beyond his wildest dreams, while smashing the firm and sneering at its owners.

And, still, people stick up for him!

This is probably being split so one or both parts can be sold-off overseas in a year or two. Be a nice little earner for the CEO and some bankers. M&G looks swollen with debt and a bit of a mess, so Pru will probably get taken over first.

Nice words. But the market does not care.

Those "mistakes" have been catastrophic errors. The shareprice has collapsed over -90%!

Tunneling problems, engineering overstretch, naive funding, government mis-negotiations, reckless press interviews. It's a disaster.

Even in a best-case scenario here, there are billions to raise and gigantic dilution ahead.

Suspect this charade has further to run. It will tumble to 1p, there will be a miraculous "red diamondiforous vent" discovered, followed by a repricing of the shares to 10p, and a another £500k placing...

With a steel and vanadium downcycle, and a global recession, the firm's $2-3b profit pool could be wiped out in a flash, taking the dividend with it.

Falling (or peaking) profit + rapidly rising spending = tanking shareprice.

Amazed that anybody is still left "invested" here! It has been clear for years that this is not a real company. It has been "pump and place" for 2 decades! While the prof sits in the forest topping up his tan on £100k a year ;-)

The seed of delisting has been sown and will gnaw away at the shares for the coming days and weeks. If SXX doesn't go private on the cheap, it will need massive dilution by a third-party, or a mega placing of something like 1 trillion shares at 0.1p. Whichever scenario you rolepay here, there are no good ones left...

Lol.

* Oct 18th = SXX says "...we might be better off being a private company".
* Oct 19th = SXX says "...there is no intention to take Sirius Minerals private".

Sounds like desperate backtracking !!!

First, SXX screws up the tunnel...
Second, SXX screws up the funding...
Third, SXX screws up the begging for free government taxpayers' cash...
Fourth, SXX screws up its public statement to go private...

Make no mistake, SXX and the CEO are in absolute chaos!

Yup, cash is king, time is queen... And SXX is running out of cash and time.

Tbh, it is quite astonishing that anyone still has shares here. It has been clear since 40p that the tunnel and funding are in (big) trouble. A tiny company was never going to build a giant Channel Tunnel.

Thus, SXX has always been a share for fantasists or dreamers. And it has turned into a nightmare. The charts are pointing to 1p as the next stop.

A few weeks back, my calculator said this will need a placing of 1 trillion shares at 0.1p.

It's all over, people...

https://www.dailymail.co.uk/money/markets/article-7589529/Sirius-Minerals-quit-stock-market-says-boss.html

Debt, extra capex, steel downcycle, global / US recession on the horizon, exec selloffs, profit challenges, dividend questions, FTSE100 kickout looming... and a 40-50% shareprice collapse already in weeks in a peak-Dow bull market... The problems are mounting big here. The red lights are flashing.

If the upcoming Q3 results are neutral or bad, and any 2020 outlook is non-positive, and there is a close below 350p before Xmas, then the charts are now pointing to 50-100p as the next stop in 2020 / 2021. Very, very bearish momentum at the moment.

Getting close to my 1-2p prediction (which started at 40p) !!!

The Brexit-smashed FTSE is still up 5-10% YTD, and the Dow is up 5-10% in 4 months, so the overall global bull market remains strong for now. A -40% collapse in EVR during just a few weeks hints at major underlying or macro-market problems. A US-China trade deal will only provide temporary relief for EVR. US bonds are inverting (and un-inverting) and pointing to a US and global GDP recession by the end of 2020 or 2021, and that will push EVR (and steel) on another downswing.

The LLOY uplift is being driven by the recent US banks hype. The UK banks just follow the Dow. Goldmans hyped US banks a few days ago and that has lit a UK spark. US banks are back in favour. The Brexit timing is just coincidence.

EVR has collapsed by almost half in 4 months, in an overall bull market. It is not just a slight downturn, it is a full-on collapse over -40%. EVR shareprice is in recession. The charts suggest very bearish momentum. The steel market, also, is in a downcycle. Any close in the 3s here will signal a push for the 2s. This will be a great buy at £1-2, but not at current levels of £4. Just too much downside momentum right now.

This is now at 35 x 2020 profit.

Ahm oot.