Member Info for woolverstone13

Now Pandora's Box has been opened we are all just left with Hope. Having read most of the reports I find one thing missing completely. I know I said that a buyer could just wait until SXX goes into admin and pick it up for a £ 1 but then I thought that this is a company now known around the world from China to Qatar , Norway and beyond. It has beneath its feet a supply of polyhalite the world will be desperate for. As that is the case then surely there will be many company's looking to takeover the mine and reap the rewards for years to come. We shareholders could therefore find ourselves a few months down the road in the middle of a bidding war for the company with more than likely China coming out the winner at a price far in excess of todays share price. Something to think about and hope.

Lets be honest. Who would buy SXX at the moment. This is the hard end of business and all a buyer has to do is sit and wait until it goes into admin and then they can buy the whole lot for a £ 1 unless of course it goes into admin Gina takes complete control. Second start up I have invested in and second time wiped out. Never again.

Only have an Islay single malt. Hope it will do

I am off to my humpy hutch with a bottle of whiskey 60 fags and a sleeping bag. The wifes not talking to me!!!

There's blood on the streets of Teeside as fear has gripped SXX PIs and the day traders and short sellers are feeding on the bones. Yesterdays sudden 10% fall around lunchtime was the most blatant signal that bad RNS was on the way and the sgarks were circling first thing this morning and are still gorging. How many of the 85000 Pis are still holding is anyones guess but I bet quite a lot less. Still only about 8% of SXX shares traded so far so alot of people/funds holding on. Hard to shake of the fear but hold fast all is not lost but a bloody mess still the same. Now looking at a longer term to recover to past glory but it will come and this will be a day to be remembered by the brave who held on and would not be intimidated to sell there holding.

lauren louise i agree with all you say but have faith. I swing between highs and lows. if nothing happens this week i will sell my holdings on Friday at a loss I know but not wiped out

original bond offer stage 2

I bought 2 FTSE 100 companies 10 years ago and are now down 56% on both, Not smart was I!!

what does Niel Woodford say???

Thank you JoeSoap1 your comments are appreciated. I am afraid I have now become a rabbit in the headlights. No idea whats going on or whats going to happen.

There has always been a lot of animosity between the Fed and Trump so it is possible there will be no rate cut though having said that I do not believe that the Bonds being sold depend on the rate cut. If that was so then SXX would be very near the knuckle and scraping around for investors to take up the bonds. We all have our opinions based on hearsay , speculation, vague reports etc . At the end of the day CF will get the mine finished and in years to come it will become a member of the FTSE 100 and be a company lauded around the world for its foresight and innovation. There will come a time when every fund manager in the world will want to hold SXX in their portfolios. There is one hurdle to overcome the bond issue, representing only 10% of the total cost of the entire project. In all honesty why would the cornerstone investors back out now when they know they have within their grasp a company that will become a world leader in the fertiliser industry and will return their own shareholders capital growth and income from dividends for years to come.. I know I switch from optimism to pessimism and it is because I have a lot of money at stake and to lose it at my age would be a major hit. Not fatal but would would leave me with a reduced income in my retirement. And to all those who say its a gamble I agree. Yes i was looking to make some money in the not to distant future, my first reason for investing, but I was also swayed that this is a British enterprise based in Britain and something we could all one day become proud of. If I lose everything it will hurt very badly and I only have my self to blame. Buying shares in any company whether they are FTSE 100 or aim listed is just like walking down to the bookies and putting everything on Frankie Dettori in the DERBY. It might look like a winner but strange things happen along the way. Good luck to all those who are waiting for good news and I mean that most sincerely.

I hope you don't get burnt

I think I am not the only one that if we hear nothing after the Fed Interest decision this week and there is no RNS by Friday, also considering the improvement in the bond market over the last few weeks then we shareholders are in a perilous position. I know the hard stop on money and the JPM credit facility is the end of October but if it goes beyond this coming week then we have to assume SXX cannot shift the bonds and we are entering wipe out territory

Totally agree, the big investors would have cut their losses and moved on weeks ago

Article in the mail is stating that because of the threat of Corbyn and Bretex International Investors in Uk assets are now at an historical low. Lets hope we hear some good news this week as the longer it goes on in this supposed good time for Junk Bonds the worse it will seem and if Trump opens his mouth all bets are off

Nor have the bonds been reissued in what appears to be the perfect time. A little worrying that something is afoot. ie a change of track to raise funds elsewhere from shareholders or even talks with a buyout in mind

Will they won't they sell? I guess we are all swaying from one thought to another, understandable when money is at stake with some LTHs deeply committed financially.
As I have said before if one looks at the stage 2 financing in its 4 stages the first 2 are done the 4th is is sitting waiting to be unlocked when the bonds are sold. So logically all the big investors who took up the share offer and bonds already would not have committed vast sums if there was any doubt the second tranch of bonds would not be sold. And if they felt that now they would have cashed out at a loss rather then being totally wiped out. I think a lot of credence is given to the shorts but rather then being funds that think the price will fall I suspect many are financial instruments against long positions.
As to the bonds being sold as Bercow would say "The ayes have it, the ayes have it."

How about inviting MF to the £ 1 party on the understanding they buy the first round of drinks. That's 85000 pints of Sirius Dog Star from the Wolf Brewery Norfolk.

Hi SteadytGoes thanks for in extra info its appreciated.

Hi S