More good progress being made on site..!
https://twitter.com/siriusminerals/status/1152142223565365250?ref_src=twsrc%5Etfw%7Ctwcamp%5Eembeddedtimeline%7Ctwterm%5Eprofile%3Asiriusminerals%7Ctwcon%5Etimelinechrome&ref_url=http%3A%2F%2Fsiriusminerals.com%2F
Thanks parislse, another positive interview confirming everything is in place, from permissions, licences, expanding and more seismic work. The only tick in the box now needed is a positive gas flow, I've got everything crossed that this comes to fruition as expected...!
OR, that was what I was alluding too in my earlier post though you put it far more eloquently than I did lol.
It would be a great position to be in if we did only require the 2 TBM's but I guess time will tell on that front..!
Fingers crossed
Many thanks yet again Myo, the "little detail" on the website hasn't enough granularity but I will certainly check out the Prospectus.
I am trying to gauge whether there is time in the Programme to get down to the required 350m and get associated works complete to get Stella Rose #2 chewing her way back to Lockwood Beck and possibly beyond so that only 2 TBM's are required and both could achieve 1½ Drives apiece.
This would not only potentially accelerate the MTS Element of the Programme but mean instead of both the MTS Construction and Main Shaft Sink completing Mid 2022, allow for a bit of breathing space from the MTS finishing earlier.
https://www.valuethemarkets.com/2019/07/04/united-oil-gas-a-mid-tier-oil-player-in-the-making-uog/
Hi members, all valid points I agree, however this company was told "you will never get planning permission" "you will never secure Stage 1 funding" "you will never secure Stage 2 funding"
2 out of 3 have been completed and all being well Stage 2 will happen, so this has been up against it for a long time.
Here are a few reasons I like it so much; Directors with lots of skin in the company, huge resource of the highest grade, potentially tremendous profit margins, proven product, TorP's up to 11.7Mtpa, the outstanding progress made on site.
UK company, organically certified product and there are many more.
It's all down to individual choice I guess, like I say I am happy to invest and hope all goes to plan.
Good luck to you..!
Good morning members, I agree with you that the sp is a disappointment, but for me there is still a lot of upside in this company.
I'm also very open to constructive criticism or the negatives of a company and believe we need to keep our eyes open to all eventualities.
This isn't a trick question but besides not receiving Stage 2 funding could you give me a few reasons why this Project could be a poor punt please..?
Regards
Fred, I think you are a lot smarter than a few on here think ;-)
You posted - Ignore my post - I started to write it a while ago and got distracted and then pressed post by mistake.
Isn't that basically because of dilution..!
I think you were replying to members' post - 15Lives... you systematically fail to tell me and everyone else here, why the sp is pathetically low at 14
members just for the record I am invested in this (and have been for nearly 5 years) because I've researched the company and it's potential return and am more than happy with my decision, I don't believe in fairy stories.
Good luck to you..!
Anyone who's done any research knows the potential of this company and like many others on here I don't see many other companies out there with the potential upside that Sirius have.
I had a lengthy chat with Tristan from Sirius the other day and it just strengthened my belief that this is the right investment for me. All the Sirius people are so proud of what they are achieving and continue to push hard to get this project into production. A lot of the employees who have been holding shares for a lot longer than me are also very disappointed and bemused at the current SP and have paper losses greater than mine but as CF has stated the only true way to get value for us shareholders is to get the mine built.
It's clear to see we have been held to ransom and let down with financing which is very disappointing. but for me the Stage 2 high yield bonds being taken up is the catalyst and all being well this will happen, I know for sure that everything is being done to make this happen.
I told him I was talking to a couple of old dears at the weekend who were from Scarborough and mentioned Sirius and that they hadn't heard of the company but were aware that some company had moved into the Scarborough Building Society building, they were astounded when I told them about everything Sirius were doing locally. Tristan stated to me, which I hadn't really taken into account, is that the area hasn't had anything like this good luck story for a long, long time and so a lot of people don't really believe or take as much notice as they maybe should and also a lot of the ill informed tabloid articles are doom and gloom, which generally increases their sales as well as making people sceptical about the bright future.
So for me, although I too am carrying a paper loss and am disappointed at the SP and am fully aware that this isn't a done deal yet am happy to hold for the future. The progress across all sites is astounding even if I can't see it in the flesh so to speak, I'm convinced this will come good.
Good luck all..!