Member Info for stokey12

Myosotis - Thanks for that I never was any good at foriegn languages.

Myosotis My Spanish is even worse than my French so can I ask you to translate the subject.

The next quarterly update is due next week with all the recnt RNSs I am trying to workout apart from safety issues is there anything left to update on.

that this time if we go over 30p we can stay above 30p?

Thecashferret - I would change your broker. The only presentation there has been today is on the TorP which included an investment in the company entering nto the TorP. I would suggest that you contact the company at ir@siriusminerals.com for clarification.

Holycheese - Hving read the share news item it seems that miing companies are down on trade fears. This might be what is holding back the share price. Also it is early i the trading day things might improve especially if POTUS can keep his mouth shut.

Cirbrius = Cibrex

Today's RNS used this word on a couple of ocassions andit puzzled me. I wonder once the mine is up nd running and there is income coming in would Sirius seek to buy Cibrius outright from Ominex? When you look at the Ominex website you could be forgiven for thinking that Cibrius was not a core part of its business. However, purchasing Cibrius would make sense down the line for Sirius.

PAAA - One of us has got our maths wrong it could be me I make the deal is with a company about the size of UKOG not smaller.

Roulette - If there had been a leak I would have expected a bigger reaction. Thursday and Friday looked more like a correction to me.

Did anyone notice what was said about the pricing mechanism. This would be the first deal were sirius will in effect share in the profits on the resale. On the whole the dilution from the 95 million shres is otweighed by the ability to sharein the downstream increase in price. Also there is the possibility of dividend income from the 30% shareholding. Also I note the 12 month lock before any of the 95million shares can be sold so we will not see the shares being dumped in short order causing the price to deflate.

AndyPK - If in your 7.23 post you were thinking of a takeover by Sirius then the answer is the same such a move would be a unnecessary distraction.

AndyPK - Re your 7.23 post. For the reasons given in my post yesterday a most definite no.

Bharris - I think the 95 million might be new shares. If my memory serves me right it is within existing authorities soa separate shareholders vote would not be necessary.

Is it that time of the year already when we start talking about a takeover. Anyone who takes over Sirius at this stage would need to complete the mine build. If they cannot novate the contracts over then they would have to renegotiate the contracts which would increase the expense. They would also need to buy out the shareholders. Any buyout would cost around $4-5bn after you add up the cost of completing the build and buying the shares with no prospect of any return on ivestment for around five years. I think there are cheaper prospects out there.

Rebess - The risk of significant cost overruns have in my view been mitigated by the type of contracts that have been used. In the majority of cases any cost overrun will fall on the contractor and not Sirius so any cost overrun should have little or no effect on the SP. The same is true of delays in construction.

Rebess - Can I ask you if you could let me have the tciker symbol for this company so that i can make my own mind up as to which of the two of you is right.

gjdenon - No apologies needed. I would observe that there plans are depedent on getting planning permission to carry on the mine that is not a given. Bearing in mind all the conditions attached to the planning permission for woodsmith it would be interesting to see if they get permission and if so what conditions are added to the permission.

I was wondering how easy would it be for sirius to control the competition in the Polyhalite market. Domestically the oly current competition is from the ICL plant at Boulby. However, due to the productio costs at Boulby I do not believe that it would be able to compete on costs so would be surprised if it remains financially viable five years after Poly4 goes into production. Internationally I am not sure if there are any other producers of Polyhalite as opposed to Potash. If there are not then Sirius is in my opinion to control the competition. The reason for this is because it curently holds all the Patents for granulating and pelletising the polyhalite for use. As a result any new producer will have to obtain a license from sirius to use its technology until the patent runs out. If they wait until the patents run out siriius would have the dominant position in the Polyhalite market.

dgwwood - Thanks so the Investors Chronicle is still onside then.