Member Info for SlurmsMckenzie

My interpretation which could be wildly wrong is that original the banks were investing directly, but now there is an additional tranche being drawn first which the banks will sell on to third parties, hence the need for jpm to whip up some more interest.

Nice! Section eleven, goes into this a little bit more. With a recommendation that the government help fund a mining project in the north east

For the past month or two when I've checked volume Sirius has been second in the ftse250, not today

It's 9th at the point of typing and volumes look down.

I really don't think there's a massive sell on.

It's jw30 from a different forum, whose been spouting so many inaccuracies on there its comical.

Thanks GK,

I see what you mean

All imo obviously.

Can I ask what other shares you're interested in dog star?

A lot if people post about just one share maybe because they're interested in investing in just one, in my case the rest of my portfolio is quite bland so I don't post about it.

It's just I find it quite strange when somebody goes to the effort of setting up an account to talk a share down to one penny.

Especially when they're name could be a play on the share in question.

https://www.google.com/amp/s/uk.finance.yahoo.com/amphtml/news/1k-invest-think-sirius-minerals-122414605.html this link is better

https://www.google.com/amp/s/uk.finance.yahoo.com/amphtml/news/1k-invest-think-sirius-minerals-122414605.html this link is better,

It's free to subscribe to the fool but if you really want to read it without subscribing then you might be able to read it via the yahoo syndication https://www.google.com/search?q=have+1k+to+invest+sirius+minerals&oq=have+1k+to+invest+sirius+minerals

What's the deal with capital markets PAAA? I thought conditions had eased since the start of the year, with many people predicting no more rate rises or is there more to this than meets the eye?

Thanks Chilting, every day's a school day on this board.

Beginners question when it comes to manufacturing a compound mix do you actually need a large manufacturer, could it be smaller ones or could some large scale farmers like those in the US do it themselves, one of the reasons I ask is that the poly 4 website had manufacturing guidelines on it

Article on the fool.

https://www.fool.co.uk/investing/2019/02/15/am-i-making-a-terrible-mistake-by-hanging-on-to-bitcoin-and-the-sirius-minerals-share-price/

By my reckoning this makes it two of the journalists there that have money in sirius (the other being Alan Oscroft).

Although I do feel inclined to raise the disclaimer at the end of the article with the editor, as I suspect it's an oversight

'harveyj has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned'

Let's hope somebody is in when it's delivered, last thing we need is a note saying it's been left with our neighbours at Boulby.

The progress is staggering, I've only been invested since September 2017, so it's always good to get more info on stage 1.

"It is also my opinion that the day to day share price will be of only minor consideration in the whole asset valuation process, which as I have already stated"

Indeed, whilst the share price and market cap is a useful shortcut.

Imagine lending to a company based on *just* that alone.

Especially considering the fact it can work both ways

The company might be seriously undervalued ( I believe Sirius to be undervalued)

Or more dangerously from a lenders perspective the company could be grossly overvalued.

Casa,

I understand the point you're trying to get across now.

"the later debt is drawn requires the company to be valued at about £3 bill, even before production,that IMV is less certain"

If we focus on the last tranche, this according to the RNS will be when there are polyhalite sales

" This structure is designed to reduce both the risk and the quantum of any IPA guaranteed bond tranche to the taxpayer as by this time we will be past the major construction risks and POLY4 sales underway."

Say 6 billion shares @ 50p seems reasonable at the stage

Not a certainty like you say, of course there are risks, and that's why there will be construction milestones in place for the release of funds, and that's why the SP is where it is (that and a bit of fear).

What was it CF said, something along the lines of building the mine will be the key driver of growth?

Of course there's the existing debt on top of that to take into consideration ... but hopefully I'm getting the point across.

" so the earlier lenders are lending when the lent sums are in all probability LESS than the asset value"

Are they though, by that point all the contingency would have been spent.

So if they're borrowing the rumoured $800 million, there's a chance up to $600 million would have been spent, on top of the $230 million in reserve.

So ... Sirius would have to be destroying the capital and have a net value of zero right now.

All those torps. the resource etc ...

Personally I don't think so.

"The position in the recent RNS was made clear "

Could not agree more.

I'm glad Sirius are taking notes.

Hola casa, I was getting the impression that everything was going to be secured, but the phasing of the stages and conditions tied to the release of money would mean there would be suitable security at each stage, as the build would be further along.

Literally typing this as I walk home, and can't access any of the rns docs so happy to have clarification.