Member Info for woolverstone13

Expect a large bounce on Monday, maybe short term one but looks like CF is lining up private investors for a bid.

Reading between the lines CF believes that the mine can be built and the monies raised by going private. He must already know that there is so much interest from private equity,wealth funds to do this, but at what price bearing in mind the 12 month average bid needed. The longer it goes on the bid price needed will keep falling. It seems to me that SXX is going to be picked up on the cheap but at a premium to todays SP. bearing in mind he said he would get the mine finished at whatever cost. I envisage a consortium of investors to come in with a bid to spread the risk and would think the bid would come in at approx 15p bearing in mind present assets etc. Could be totally wrong but we are not going to go down without a fight.

We live in a society that rewards non workers with a house enormous benefits to breed large familes who continue the cycle. Look at the fanfare over North Sea oil and how it would help everyone. All the income from oil has gone on our ever growing benefits system. Now look at the Norwegian Wealth fund the largest in the world. They put all their oil money in it to grow for future generations and prosperity. This country is S***. Hard working people get little thanks or reward. Great new companies given no backing. One day and it will not be long we will not even own our own country as every prosperous company and utility will be owned by foreign countries wealth and equity funds. We have all been sold down the river for years. I am no longer proud to say I am British as to be honest its embarrassing. to admit it.

Do not hold out for any help from the Government they really just do not care about the thousands of jobs lost monthly around the country. Their idea is that it is just market forces. As to SXX I believe they think someone else will come in and pick up the pieces but they will happy to reap the benefit. As to the petition which I have signed I have always felt that when it is handed over at the door at No 10 by hopeful petitioners it is accepted with good grace then taken to the back door and slung in the bin. Call me pessimistic but I have lost all faith in this country,government. Nothing works as it should . The country is run by idioits

Whilst we all wait in anticipation for the end of the month RNS. I cannot in all honesty believe it will send the SP much higher. It will probably be a bit of a damp squid with CF stating the several avenues for further finance they will be looking at but with no definite answer to the problem. It will probably nearer xmas before another RNS is released stating a partner has come on boarde, or the Qataris are will to put up the next stage of funding to derisk the whole operation.

My god!!!! its turned blue my favourite colour

This must be the most manipulated share out there. It opens well up and then immediately falls. What is going on when there are more buys then sells yet still falling. When 500000 buys hardly move the sp yet a few 500 sells and down it goes. Seems someone is wanting shareholders to sell out by hiking the price after opening to tempt them and then keeping the sp in relatively stable after the sell off. Strange going ons

People are commenting about early extraction of polyhalite using the tunnel already under construction to raise money to continue the shaft. How is this possible to extract?? Are there deposits much nearer the service ?

Hi Chrisatbirdies
thanks but my impression unless I read it wrong was that the RCF OF 2.5 Billion JPM were going to syndicate as loans from several major banks. ???? and was not going to be further bond issues

Can someone answer my question. In the JPM deal the second bond issue that was pulled JPM had stated that the bond had to be purchased by numerous funds etc and it would not allow a sale of the bonds to just a few investors. As they were not convertibles why was this. I know if a few investors took all the bonds they held senior debt but so would numerous investors. Could this have been a sticking point.

they look a little strange!!

From the way I see it CF is the PIED PIPER of the North. He came and convinced the locals of his dream to build a mine and many followed him, and as time went by larger investors began to follow him but there was one big flaw in the plan and that was to start on all the individual projects at break neck speed in order to show what the mine was all about. and to lure in more investors. He came unstuck because they could see the increased risks so abandoned him in his hour of need to get the bonds away. There may and I say just maybe away out and if he pulls it off all credit to him.

SXX has now been going for some 12 years with CF in charge for the last 6 years. He has tremendous experience in not only banking but in mine finance especially. This is an area frought with problems but if anybody needs a helmsmen then it has to be CF.

He will steer us through these troubled waters just be patient

It is so nice to see the SP finish with a blue. Can we not ask all SXX shareholders to wear blue shirts in given confidence to SXX. They have had the yellowshirts the brown shirts so whats wrong with blue. Nice coour
my favourtie

Thank you all for your comments it is appreciated and also cleared the air. I will now correct something that was pointed out by a member of this board . As shareholders we all would like to see profit, dividends and an increase in the SP. In my posts I have castigated the government for not stepping forward to put up the guarantee for SXX that was needed to release the RCF from JPM. On hindsight SXX at its very inception should had a finance plan inaction to complete various stages and possible completion of the mine. It appear s and if someone can tell me differently that SXX raised funds to plough on at a breakneck speed hoping to gather larger investors/bondholders along the way. This tactic has failed and SXX are now floundering around like rat in trap trying to solve this situation. I hope and really do believe that someone or entity at the last moment will step in to save SXX

you missed the point

Do not be negative. Government guarantee. Mine finished profit and sales coming in Everyone happy .SXX, Government.,
taxpayer shareholder and bondholders.

Why is HS2 publicly owned?? We were never asked if we would like to travel to Birmingham at 20 minutes less time at a cost of up to 100 billion pounds. Think what 100 billion would buy. Who is going to use this line anyway not about 80% of the country. and as I said spend the money on improving the present railway systems and stop looking for short term political glory. We are not stupid

I agree guarantee a billion possibly loss a billion. In the grand scheme of things chicken feed when HS2 cost has just been raised by 32 Billion. Thats a great benefit to taxpayer I say not

HS2 totally pointless exercise costing maybe 50 billion 100 billion whos knows . what benefit to taxpayer when possibly only 5% of population might use it if they are willing to stand in the corridor for a few hours at 250 miles an hour