Member Info for Trinityman

No matter what your stance regarding this share, no one can dispute that this has been an awful summer on this board.

Bickering, backstabbing, mis-information, ramping and de-ramping – it has been mentally draining trying to keep up and read between the lines.

The tone has changed on here this weekend – many intelligent and reflective posts instead of the usual ‘handbags’. It feels like we are waiting for the whistle to blow before we are sent over the top.

Cherokee and GK echo my thoughts today. Institutional investors with large holdings are not in the habit of losing money and will certainly have details of the plan of action over the next couple of weeks. None of these have sold up and left, surely that is the most telling sign.

Individual investors have been given no new information lately – Hopefully no news is good news.

For the first time, I will admit to having lost sleep this week as we now come down to the real ‘nitty gritty’. If the bonds are sold without dilution, I imagine that the sale of shares will be suspended until re-rated, so do those sat on the fence step in soon or wait and miss the bargain basement price? Either way they don’t have long to decide.

Whatever happens the tone on this board will change. Failure to deliver the promised finance package yet again will mean the return of Nelson Sauvin and his tribe – not a pleasant thought. Success will no doubt bring new names bragging about being here since the ‘Dakota Sands’ days.

I can’t wait for the day when we can put the finance and the trolling behind us and look forward to reading intelligent discussion relating to the build progression, the projected share price at production and maybe potential takeover candidates. As it stands, this surely is a ‘blue chip’ stock in the making.

This is the calm before the storm….
ATVB

chriso66 - The bond sale will unlock the funds see the project through to production, but plain sailing - no.
Vertical shaft sinking/ walling is no easy task, I will rest easier when this stage is complete. The quarterly updates on the excellent sxx website will update you on the tunnel progress.
There are many hurdles to overcome, but with a world-class build/ design team and state of the art specialist equipment now on site, this should see us through to completion and then production.
Good luck with your investment!
ATB

SIPPn00b - 20.38 - '....I haven't been flowing the total waffle here for the last three weeks....'

3/10 - Must try harder. :)

Batalyst 20.15 'always buy the dips'.
Brilliant - Never thought of that, now I know where I've been going wrong all these years.
Maybe I could 'always sell on the highs' as well - a true 'lightbulb' moment this evening.

Sunday….One individual….24 negative posts….Started 10.33….Finished 9.5 hours later at 20.06.

I wonder if the company employing this person pays double time on Sundays?

Superleggra….Nelson Sauvin….Members….KOH….The names change, but the negative message is always the same. With only two full trading weeks left before the pivotal bond sale, expect these individuals to become more desperate on this board.
The personal comments towards the CEO on here over the weekend were unsavoury to say the least, the waters will become even choppier now until we eventually reach the calmer waters of ‘Blue Chip Bay’.
Stay strong you long term holders and those waiting to return to the fray – we’re nearly there

Max - Agreed, and given the events of this week, I don't see a wipe out for us, but won't be happy until I read a positive rns.
Enjoy the rest of the weekend, over and out from me until next week.

ATVB

Debt... Ah, I see where you're coming from.
No, my handle's not Cambridge, I'm closer to Whitby than that. It's Trinity after the rugby league team and I work for myself, not sxx!

Debtnm... Let's not split hairs, it's the weekend after all.

Here's a quote from Fraser taken from 'Teesside Live' about two years ago - I think you can tell from this that he's in this for the long haul, so let's back him to get these bonds away, then we can all catch up on some sleep.

“I commuted from Sydney for the first few years, once managing 16 trips in one year,” he told me in the warmer lounge of the nearby Stables pub at Cross Butts.
“But I was jet-lagged all the time and my wife said it was time to move. In 2012 we set up home just outside Scarborough with the kids - my 12-year-old daughter now has a thick Yorkshire accent, but my son has managed to keep his Aussie voice!”

ATB.

Could I remind those involved in idle weekend speculation about Chris Fraser that he has brought his family half way around the world to set roots down in Yorkshire and his wife has built a house in the locality.

I doubt these are the actions of a devious man who is setting half the county up for a great fall, ready to make a quick get away. Yes, he's made promises that were only partially delivered, to the disappointment of private investors, but he's getting this world class project over the line slowly but surely in adverse market conditions.

The man has integrity, give him your backing at this crucial point. If you're not convinced you shouldn't be invested and trying to sow seeds of doubt.

This board would be a dull place without you T - enjoy the weekend, the next few weeks will be errr - tense.
ATVB.

Yes Magstar, at the risk of repeating myself 'This is a champagne or cyanide stock'.

I'm hoping for those genuine long term holders who know nothing about the stock market, but bought into the dream in the hope of providing for their families down the line, that they all get the chance to drink a glass of bubbly sometime in the future.
ATVB

How about throwing in Dana Petroleum for Scotman?

Myo - I think you can safely take the build interest down to 00.5% until the bond sale goes through....Then it's over to you for the next three years!
ATVB

I posted those a couple of weeks ago T - that's plagiarism!

Very disappointing to see zero response from any senior executive at Sirius regarding the slanted article that appeared in ‘The Times’ on Monday featuring Clarke Bailey, head of mining at Eurochem, one of our future main competitors.

This firm, along with several others have much to lose when Poly4 comes into production. The article gave their man free rein to denegrate our chances of survival saying, ‘There’s no way in my mind they’ll be able to get there in five years’.

We spend a fair amount of time on this board fending off individual trolls, but we can do nothing to combat corporate scaremongering. If that paper had any sense of decency at this time, they should have offered a right of reply, but three days later Sirius appear to be maintaining ‘radio silence’ yet again.

What’s wrong with putting Simon Carter (chief development officer) up in their faces with the true picture of current activities? This would put us on the front foot for a change and help with morale all round.
Obviously he’s got a heavy workload with the next stage of development, but these are trying times, especially for beleaguered shareholders/ stakeholders. An hour or so of his time batting away the garbage spouted on Monday by an agenda driven rival should be a ‘given’.

C’mon Sirius, we know you monitor this board, so how about standing up for yourself. ‘The Times’ and ‘Financial Times’ await your reply.

Myo - Good to have you back. Capability Brown eh - I often walk around Bretton Park, another of his carefully crafted landscapes, the fellow was a real visionary. Tomorrow should be errm - interesting. ATB.

We're not far off the binary bit of the story now.

Option 1 - Shareholders get wiped out = end of trolling

Option 2 - Bonds get sold = nothing left to troll about

I'm going for option 2.

Then we can get back to some healthy debate/ banter instead of the dreadful spectacle we have endured this last few days.
Today one called my lunchtime post 'Bull S***', but gave no reasoned response and the other couldn't even spell the CEO's surname correctly - a low level of debate by anyone's standards.

Note the absence of Myosotis over the last 48 hours. The last time we saw enemy fire like this was 30th April when stage 2 financing went wrong, he went AWOL for a while and returned saying he had 'took a step back to avoid the mellee'. Doesn't like 'bad karma'.

He'll be over in Holland finding out the name of the cargo vessel bringing over the next bit of heavy kit or something else vital to the build!
We all (well,nearly all) love ya fella - looking forward to your next post telling us what's got through planning this week :)

Very true Tinhat, I actually listed them in a recent post but forgot to re-list today.

Off to do some work now so, Scotman you're on afternoon shift to keep the trolls at bay.

ATB. T

So I take it you'll be leaving this board then.

On 12th June I posted the following:
‘Posters can share knowledge about the salinity of the water in Lockwood beck or the name of the vessel that carried the tbm to teeside etc, but NONE of this matters if we don't get the next tranche of bonds sold in September.’

One poster (LL) agreed and everyone else basically laughed me off the board.
No one appears to be talking about the build anymore – funny that.

Those long term holders thinking of selling would do well to remind yourselves of the basic facts.
Take a look at the original debt structure below:
IG Article 16/05/19

$3.85 billion total

$425 million new equity via open offer shares to existing holders (1 new share for every 22 held @ 15p) 11.0%
$425 million convertible bonds (convertible date 23/05/27) 5% p.a. coupon with + 25% redemption price 10.5%
$500 million ‘high yield’ (10 – 15%p.a.) senior debt bonds finalised by 19/09/19 and issued by 30/09/19 13.1%
$2.5 billion rolling credit facility (syndicated out via JP Morgan – drawn in tranches) 65.4%
More bonds may be issued to reduce ongoing RCF
Both bond types must be 100% sold before access is granted to RCF

The board are only trying to secure a mere 13% of the total debt required here. Our CEO has always got us to the next stage, but never in the promised format, so this cash WILL be raised, but the presidents of China and the USA may have taken Fraser down another route, yet again. This may mean further dilution or a mix of bonds and dilution.

Shares in issue end 2016 2.5 billion
2017 4.5 billion
2018 4.8 billion
2019 7.2 billion
9+ billion when cbs converted

The smart bean counters on this board predict a share price of around £1.40 at predicted production of 10million tons per year, rising to £2.40 at full production. You can safely add +20% to these figures when taking positive investor sentiment into account.
I don’t see risk, only a once-in-a-lifetime opportunity at present. I am currently borrowing from all four corners to take advantage in the coming weeks.
My advice – Ignore the weasels and ****roaches on here and keep your eyes on the prize.

https://www.ig.com/uk/news-and-trade-ideas/shares-news/sirius-minerals--digging-in-deep-pockets-190516