Member Info for SlurmsMckenzie

Hi Myo

Thanks for running with this. I often have to just crank out posts quickly on my mobile which isn't ideal.

It's a regret that I can run round more digging into things, but circumstances are I can't at the moment (not complaining - got a 3 month old at home so very busy and can't post too much at work)

Have you checked the shareholders page

https://siriusminerals.com/investors/shareholder-information/significant-shareholders/

Looks like there's a caveat for JPM around Sirius changing the numbers themselves

Hi Myo jupiter should be going from 6.4% to 7.2% according to the prospectus.

You're right LITC there were very strong signs which in retrospect were obvious.

They not only played the odds, they created the odds by creating downward pressure but such is life

Yes it is, they were also selling quite close to the 31st April as well, a decision to buy back in wasn't made overnight I bet.

Fact is though we need them right now, so no point pushing the issue.

They were told, but now is not the time to raise this

They knew it was coming, an increase is mentioned in the prospectus

Greatest margin for farmers, that's music to my big ears.

The good news is whoever is buying is confident they'll get their money back, otherwise the premium would be higher, am I reading that correctly?

Depends on whether you're using gas mark 3 or 4 tuckupp

I reserve the right to bring in an alternative deadline ;-)

You could call it a markets led one.

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Sounds like they're out, I guess at this point it might be down to your own brokers.

Not yet, I don't know of I read half eight somewhere

getting diluted today, not the focus on Sirius

Have i got the wrong day?

Hi Casa, first things first, we'll done on calling things so far (whilst explaining your case - take note Nelson)

Could you expand on the supported by equity bit, does this mean more dilution before calling each tranche or would that be seen as a last resort.

I'll say thanks now rather than later to avoid clogging up the board.

Good on ya! Happy for anybody who does well out of buying today, takes balls the size of space hoppers at the moment.

Top bants!

We've missed you

Cock a doodle do

Imo

Doh I edited my own question terribly

The full question i meant to ask was

"at the point of dividends, In your simulation would all debt be paid off?

Hi VerdeCeleste.

Thanks for running your calcs at the point of dividends, I've read lots of the prospectus but it's tough going so full props to those who've managed to get through it all.

In your simulation would all debt be paid off?

Do try to hang on for the £2 party.

Hi, it depends on your broker, I'm with selftrade and email them but they also do it by phone, the wife is with aj bell and it's automated.

Apologies Myo

I think the interest from lenders I'm talking about would have actually been in reference to the second allocated tier of capital in the revised structure from the 22nd Jan RNS,

I don't think it wouldn't have been for the uncovered $500 million. I'd assumed that JPM would try to get the same parties involved but that could be wrong.

A little knowledge is a dangerous thing!