Member Info for Tex2374

Max, at what point is it ‘demonstrated’ that if Sxx had gone to investors they could have raised the funds that way?

Looks like the pledges are at about 7% of the amount required. What point will be sufficient to show viability and what would the next step be? Is there anything to push Sxx to undertake that process? Or will it just be to show what could have happened if they had done this 6 months ago? I assume sharesoc has been in touch with IIs to underwrite any shortfall?

I am assuming a no vote and therefore a quick drop in the SP which could present an investment opp. Hence my questions.

Tex

Not sure I can follow this thread.

LTV - correct. People are mobilising in an attempt to secure alternative funding to ensure the shares remain in their hands.

I doubt many are looking for 7p.

It’s worthy to note that whilst Odey’s email helps in terms of bringing visibility to the undervalued offer made, it does not mention any case for raising cash versus just pushing for a higher T/O offer.

Everyone has an agenda and theirs is to make 20%-30% more than they will currently get. It’s not the same agenda as most PIs..... just worth people knowing how they will play if this goes to a no vote and then a slightly improved offer comes in.

Cover your arse and then vote to screw the local Yorkshire employees? Wow. You’re not punishing CF he loses zero - sorry, £10k! LOL. He will be peeved but will find another 7 figure Exec job.

If people are voting no, based on principals or in the belief they are punishing CF etc. , which will more than likely effect the people they claim they originally invested in, I would suggest it’s only right that they are prepared to lose the remainder of their money. If you are voting no because you believe (like Odey) that there is potentially an interloper waiting or that AAL can stretch to 7p+ then there is no need to sell anything just vote no.

If you are voting yes to ensure the mine is built and prospers the local region and employment, then just vote yes.

If you are worried about a no vote and losing everything, just sell now at 5p and a bit.

I think those are the options available. Or am I missing something?

Seems a lot of people have forgotten the reasons they originally invested or claimed they invested.

I think this will be a vote for ‘no’ and based on that there may be a higher offer along the lines of Odey’s suggestions, I unfortunately believe it is too late to raise cash through other means to ensure PIs retain their shares and the mine is taken to the next stage.

This may have already been posted but I found this one of the better articles of late.

Incase the link isn’t posted it’s Money Week - Do you own shares in Sirius Minerals? Here’s what you need to do now

https://www.google.com/amp/s/moneyweek.com/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover%3Famp

LTV, sorry but that’s ridiculous. People who wouldn’t pledge won’t take the survey you can’t take the current average and multiply it by 85k.

At least give some credibility content to the Times. If that is printed it will look farcical to anyone reading it.

The question to ask is what do they want for the article?

So Liam, what are you looking to understand from PIs and how are you planning to represent them?

They should #ValOre in their Palladium tweets. St the end of the day we want more people to invest there.

For me, a farm out and then an eventual sale of the asset or company would be an interesting path forward.

Or, a low cost production route in 2020 (as described in the Q&A) then a sale.

In terms of funding production by selling shares, I think that they would raise funds in an alternative manner. The future Value of ValOre is too great.

Looking forward to the Friday tweet!

Tex

I’m loving the daily tweets!

Things will get interesting when one morning at 8am 100+ people want to buy in because of news JAN releases. Then the fireworks will start :-)

Gosh +23% will it hold? Good to see 4p+ being paid.

Sustained rise :-) that’s what we want !

Just google BPC RNS or go to londonstockexchange

Yes - this is AIM after all :-)

Likewise, I would love to see a sustained rise.

GLA

Hahaha. Yes good thinking :-)

My god! I was hoping we would get to 10p :-)

Looks like I need to reset my expectations slightly.

If all of that happens by the time I am back from hols and you are 50% correct I will be in a very nice place.

Happy days, but I think I will hold off updating Mrs Tex at this stage. Still early days :-)

Also, from a timing point of view it will be an interesting 3-6 months with drill results being reported and the formulation and communication of the development plan for Pitombeiras.

As we have debated here a bit, there has also been the start of an increased awareness campaign and a communication from the company last week that PR will be ramped up once the development plan for Pitombeiras is tied down.

For me it just seems as though the £5m market cap is undervalued and as JAN tweeted this week, they are currently trading at a lower market capitalization than short-term liquidity.

I could be completely wrong but I think something material will happen in 2020, aligned to realising the true value of the assets.

Final point, the BoD clearly believe in the company given their personal holdings and investments.

Negative side, we continue to fly under the radar and for what ever reason we are not attracting the attention I would have expected given the increased flow of news and positive drill results we expect - maybe I am missing something obvious?

Swiss, are there any decent boards for ValOre? I wouldn’t mind seeing what their investors are saying.

Thanks

And another. Seems they have decided to start pushing the social media PR, good low cost way to start communicating to the market.

Another tweet as well. Looks like we’re on the schedule of one a day.

Palladium prices up 8% on the day, looking at new record highs on deficit concerns.

“...Prices are likely to continue to climb with any price dips looking to be short-lived...”