Member Info for verdeceleste

well it looks like no surprises - will go back into hibernation until they find a strategic partner
just have to remind myself every now and again that it's not a loss until you actually sell and that I bought in on a 10 year basis
lol
Verde

SBR machines are to excavate the main production and service shafts.
The MTS shafts at Woodsmith and LB are for tunnel boring drives 2 and 3
Verde

Fred
We bought into this on a multiyear view - it's only maybe a third of a way there
With hindsight we should have sold and bought back - several times
Plan A (IPA etc) was abandoned Plan B (JPM) didn't work out and we haven't even got to C, D, and E (plus who know's how many more)
Just keep in mind that this is still a great project and some one will be making a lot of money from it in 10 years time
Glad you are into filtering
Stay positive
Verde

"they will be getting paid today"
me too
just purchased a very odd number which takes me to a very round number :-)
Verde

shoelord
Thank you for a bit of common sense
Verde

lunchtime on the 16th?
Verde

no it will be a FTSE small cap
Verde

avocet
It won't be AIM
AIM is a different market
May not be in FTSE250 index though....
Verde

Myo
Yes - "perceived" - that's what I suspected
But it's only going to take a few hundred million to prove the point and we know there are guys out there who will lend us money as long as there are warrants attached.
So we are looking at a one year delay and meanwhile hoping no vulture fund takes us over for 7p a share ?
Still holding
Verde

Myo
When the Boulby mine was dug they went through the same rock layers and I seem to recall that they had trouble with aquifers - tried freezing, grouting etc. With the benefit of their experience plus newer technology what exactly is the perceived problem ?( yes it's a thick layer that may take months of fiddly drilling and grouting)
but surely not impossible?
Is it me or the money men that's being thick?
Verde
Verde

I paid over 5 quid for Lloyds shares (and bailed out at £2.65) - is 90% down a ten bagger in reverse?
Verde

Myo
Seems getting the shafts past the aquifer is a major technical risk to some potential investors - in spite of engineers and competent persons saying it can be done.
If this is so, then once at least one shaft is sunk to the polyhalite seam, then real money can be raised. This should take 18 months from now and if the only work done in the next year and a half is TBR from Wilton and shaft sinking then the overall project is probably slowed by a year.
If the shaft sinking goes at 5m/day not 3.3m - saves 2 months and aquifer takes 3 months to get past not 5 months then things look even better.
If enough money can be raised to do this and IMO it is possible - then it will be Sirius that completes the mine and so I am staying invested.
Verde

Fred
Welcome to the filter club :-)
You will find it's much quicker and far less stressful going through the postings
Verde

JR
You scenario makes sense to me - a strategic partner getting 4 billion shares at 10p for 29.9% of the Company is reasonable. I own shares in AVO - their shares got squeezed down to 11p but they got a strategic partner in at 30p and have since raised more money at 40p a share. This is a far better move IMO than a placing at a silly price.
This sort of money would enable at least one shaft to get sunk to the aquifer and hopefully convince the cynics that the engineers know what they are doing
We might have a delay of a year, but I can live with that (maybe....I'm 78 now)
And the right strategic partner might loan money to SXX in which case problem solved :-)
Verde

The bond was rated "B" bot "C"
Verde

Scotman
We should be hearing from SL soon - said he would be back when stage 2 sorted :-)
thought it was me that does all the filtering
Verde

As usual Myo you make perfect sense. Any holdups on the STDC side cannot be allowed to indirectly slow the TBR progress.
Thanks
Verde

Myo
Would it be fair to imply from the application for higher spoil mounds at Wilton that the TBR is going faster than expected?
Verde

LL "the anointed one will appear and reveal all"
You should know the answer is "42"
Sheepies can now debate if this implies
SP of 42p
42 billion shares in issue
or
42 other possible explanations

good luck

Verde

Aubery
According to the May 2019 prospectus a six month delay and umpteen million cash over run contingency are already built into the forecasts
How much worse is it likely to get?
Verde