Member Info for stokey12

spawny100 - I also note that he is buying at a loss as the current share price is lower than the strike price. That would seem to imply to me that he is expecting an appreciable share price increase.

I am not sure what the rationale was behind the share buyback but the share price has shed 10p so far this year. So if the idea was to improve the share price it has not worked.

Sharewizz - In your 10.53 you say ' which is actually a risk towards possible takeover.' With a £3bn+ price tag to complete a mine that will not produce any income for 3 years. That is before you factor in the cost of a takeover even if it is not a hostile takeover. I would argue it will need to be a large scale panic before that risk becomes a real possibility.

Roulette - I thought Iread in one of the presentation a note that first revenue is also expected in 2021. If that is correct I would answer the question you posed 10.06 post to Milo in the affirmative. Depending on when in 2021 that first polyhalite is reached I would expect first revenue to be in the low hundred thousands.

a link to the full assessment. I have no raeson to doubt what is said in the RNS it is just that I like to read the whole document. My orignal plan was to dispose of my shares once they were in profit whihc they now are. Having read this I am inclined to hold the shares for a while.

cause institutional investors to start purchasing meaningful amounts?

Yorkshireman - Any increase in expenditure I would suspect be covered by the revised capital expenditure. There will only be dilution if the additional capex is raised by equity and I do not see that as a given.

Piltick - Your maths is probably correct as I struggled with CSE maths. But what else could the fees relate to?

TonyBaby - Unfotunately cannot get BBC Look North where I am.

spawny100 - I would agree with you by my calculations that means they had paid the equivalent of around £50,000 for services. I assume with that figure it is not audit fees.

I have just read an article in the times that suggests that the Chancellor in his budget might make changes to pension tax relief. The two changes that have been mentioned are to reduce the annual limit and/or the lifetime allowance. As a some people on here may have significant sums in thier SIPP the second option may be more of a problem. Although not mentioned the index increases to the lifetime allowance may be abolished having only just been introduced.

I saw this tweet https://twitter.com/teralytic/status/1050134554797887488 made me wonder is there any merit in any kind of joint working between them and SXX. Must admit that it is not immediately obvious.

Having listened to last Thursday's Westminister Hall debate on Freeports and in particular the speech of the minister responding to the debate what struck me was that the Treasury does not appear adverse to the idea. The problem is that nobody is coming back to them with a firm proposal. So for all his talk it would seem that Ben Houchen is not progressing the idea. That being the case should SXX take the bull by the horns and present a case for a free trade area covering Teesport and Wilton.

we have this tweet from SXX https://twitter.com/siriusminerals/status/1051024569610452994

Just came across this on twitter https://twitter.com/RCAmbassadors/status/1050666829490749440.

what would happen if sxx manages to raise the additional capex without any dilution. Almost everyone seems to think there will be one but what will happen if there is not one?

If anyone would like to check you will find unbelievably that the closing share price is a better performance than both the FTSE100 and the FTSE250.

Being the sad person that I am I have just spent the last hour listening to the Westminster Hall debate on Freeports. What I found most interesting was the encouraging noises from the Treasury Minister who responded to the debate. He effectively said come to me with a sound proposal for a freeport and I will consider it. So it would appear to be for Mayor Houchen to put together a sound proposal forward. It would need to show that a freeport would attract inward investment and not just move it from one place in the UK to another. As I said in my post on Monday a freeport that covers the MHF and surroundin area would give further encouragement to ADM to being the starch factory to the North East.

skier1 - I am not sure of the basis for your view that revenues could be lower. SXX already has confirmed take or pay agreements in place for 80% of Poly4 upto 10mtpa. The revenue stream upto that point is therefore guaranteed and covers the period from production in 2021 to around 2026/7. This does not include other markets including the domestic market which is largely uptapped. I must say I view your posts as a worse case scenario and I presume is based on assumptions on sales forecasts that are not based on the amount of known offtakes.

skier1 - Both the FTSE100 and the FTSE250 are down significantly today and have i believe traded down most days for a while yet. In that case may I suggest that the share price will correct itself when the market goes into correction and that may very well be long before the share reaches the price you are looking for.