Member Info for verdeceleste

myo
do you know the opening hours for the turtle viewing platform?

at least the article gives us good mentions even though it's meant to be about ICL
the message is getting through :)

Verde

firstmodern
where will the share price be with 20% stage 2 dilution?
personally I think that stage 2 dilution is unlikely but if it has to happen it could well come as one big sale at near to 40p to someone like a Canadian public sector pension fund. In which case the SP will go up to 42p (bond conversion price)
This may seem unlikely to some - but so was the Gina deal at stage 1

Verde

yesterday Myo posted a link to the ICL half year results
if you scroll down to about page 56/7 you will see knocking copy about numerous ICL competitors
it's not just SXX they have a go at

what a way to make friends and influence people

Verde

In 2013 SXX entered into a "sales agreement" with Keytrade for 1.75mtpa
This was not a take or pay deal but my question is does this old agreement in any way stop us doing a deal with any firm other than Keytrade for a European TorP?

all opinions welcome

Verde

some poor hack is given a couple of hours to write a few hundred words about a company he has never heard of - predictably gets it wrong and the conspiracy theorists go bananas
thanks for a bit of common sense PAAA

Verde

Blacksheep
Great idea - put me down for a seat on the bus :)

Verde

one day nearer to production = value +0.03%

Verde

rock salt sells at a small fraction of the price of polyhalite
lets hope we never have enough spare capacity on the hoists and the MTS to ever have to worry about the stuff

Verde

PS you can always get it from Boulby

who needs 500,000,000 tons of rock salt with climate change on the way?

Fred16

well done on doing your own thing and getting it right

agree with Grumpy
but if you do read it take a fact checker along

Myo
If the ongoing development with ADM just saves 10% - thats only 50c a ton - not a lot - but that's £10 MILLION on the bottom line for 100 yrs = a billion quid.
At times it's really hard to get your head around the sheer scale of this project

Verde

"Does anyone know when stage 2 financing for Sirius is going ahead"
in plain language - No

but
-it cannot legally go ahead until the royalty agreement with Gina is finalised
-the royalty agreement will not be finalised until $650m approx has been spent from the stage 1 money

best estimate is November

Verde

SpruceGoose2

my original posting re the storage shed was based on a misunderstanding of the storage method (kindly corrected by Myo)
your assumption re density etc is probably a bit out but this size shed should store months of product
GK's post at 17.49 confirms that this has always been the intent

so I am happy

Verde

GK

yet another great link - wish i'd seen a picture of the potash storage shed some hours ago and saved overloading my imagination.(but it's 600m long and only holds 135k tons so must be something different with ours)
your recollection of them factoring in several months storage makes sense of the massive size

thank you

Verde

myo

We are interpreting the word "over" differently. Regardless ,the shed is still massive - a quick look at the map and it looks like 1300m is about as long as will fit between river and railway line.
Thanks for digging this one out

Verde

LL

you are perfectly correct production and sales have to be pretty well aligned with the huge numbers we are talking about and even a colossal shed isn't much help
however production only really gets going in 2024 which is 6 years away, which for a new product is too far ahead for most people to plan. there are already several non T or P sales agreements signed and IMO most prospective customers would be wary of signing T or Ps . This will be a low cost production facility - and 20mtpa is only a quarter of the premium low chloride potassium fertiliser market (yet alone the main potash segment)
If sales are low for some reason just shut down 1 or 2 or 3 continuous miners or drop a shift - and there will still be profit
or of course we could rent a few bulk carriers and store at sea (which oil people do}

start worrying about this in 2021 when the mine is dug

Verde

Myo

still not clear on this
the RNS said we have signed a lease on 40 acres for this storage facility -that's about 160,000 sq metres
so how are we going to fit a 200,000+ sq metre building in the space?

Verde

Myo

sorry read "knew" for "new"

I was wondering if they were going to use silos but it looks like bags on racks ???

Verde