Member Info for TalygarnTom

https://www.proactiveinvestors.co.uk/companies/news/913328/sirius-minerals-shareholders-action-group-in-460mln-plan-to-stop-anglo-american-takeover-913328.html

https://twitter.com/bncommodities/status/1230489632904794112?s=21

http://www.intellinews.com/fox-marble-eyes-expansion-as-it-hopes-to-turn-a-corner-in-2020-176880/

Franalex - Han**** British Holding Limited are a secured creditor. Let me explain what a secured creditor is. "A secured creditor is any creditor or lender associated with an investment in or issuance of a credit product backed by collateral. Secured creditors have a first-order claim on the payouts of a distressed credit investment." Here it is in black and white. https://beta.companieshouse.gov.uk/company/07251600/charges/LMjAK_bdOn2hlPcj8rCt-OJPdNI

Franalex - let's explore this further because you can bet Odey has. British Han**** Holdings are the secured creditors of York Potash Limited, the company Chris Fraser reversed into Sirius Minerals. At the time he did so they owned the mineral rights required to extract the polyhalite, hence the reason Fraser got the money her did for it. So my guess is that Gina Rinehart secured her debt against York Potash Ltd for that reason. If the company goes into receivership not only does Fraser lose his £6.8m but Anglo American will be left negotiating those rights with the person that they would least like to have to do so with. And in Anglo's words - it's a Tier 1 resource. So on that basis my guess is that Odey is calculating that they will be prepared to pay a little more for it.

https://eurorestructuring.weil.com/wp-content/uploads/2015/01/140553_LO_BFR_Schemes_Arrangement_Brochure_v12.pdf

https://citywire.co.uk/investment-trust-insider/news/buxton-replaces-davies-on-jupiter-uk-growth-trust/a1325185

I think it's a combination of waiting for the final plans & costings to be confirmed , the amount of funding required and the overall cost of that funding. Until then the price remains anchored to the Ganfeng and M&G price of 25p p/s plus the 11p p/s attributable to the new Zinnwald deal.

So true singer67.

"BankerA" FFS Chris pick something more original.

https://www.reuters.com/article/us-mexico-lithium/investors-from-five-countries-eye-mexicos-nascent-lithium-market-idUSKBN2070AG

Saturday September 21 2019
Chris Fraser, the Australian former merchant banker who created Sirius and is its chief executive, says such a valuation is deeply misleading. “The project today has a net value of £10 billion to £12 billion. On the day we start production it’s over £16 billion. That’s the true value. We’ve already invested £1.4 billion and we need £2.4 billion to finish the project. We’re determined to find it.”
https://www.thetimes.co.uk/article/codheads-pin-their-hopes-on-survival-of-4bn-mine-5ddjwgbx0

What I don't understand is why they can't find an agreement with a smaller shipping company working a regular lane where they can bunker the fuel and operate a full term LONO with the engine manufacturer and then publish the cost and environmental benefits of using MSAR. They could even discount the fuel as an incentive and consider it an investment. At least they would be moving forward and proving their case.

You're comparing H1 with H2 . That's not a like for like comparison. That's like an ice cream seller saying we sold more ice cream in the summer than we did in the winter.

Wibble....... https://youtu.be/b9p3T-MYg0M

The article does not say that Gina Rinehart has agreed to back the deal.

More buyers than sellers.

https://petroanalysis.net/2019/08/25/orimulsion-seemed-to-have-a-bright-future/

At this level you would expect every single Director to be putting their hand in their pocket to buy shares.

Investor patience very thin here now.

https://twitter.com/MarkKleinmanSky/status/1217896651295272962?s=20