Member Info for woolverstone13

Wouldn't it be so nice to wake up one morning look at the early morning RNS and see the words SXX bonds oversubscribed and all sold. An investor can dream.

I know SXX have until the end of the month to raise the funds? If what has been posted here is true that the HYB market has improved dramatically and at this moment they are being snapped, surely its the optimum time to relaunch before Trump opens his mouth again. I am beginning to believe that there was little interest in the first attempt, ignoring the other problems at the time and they are struggling to drum up enough investors to take the bonds on and are looking for another way out to release the RCF from JPM

So many LTHs desperate to know whats going on. i am a new investor and desperate as well. The suspense is killing me waiting for a RN, will it be tomorrow next week or the week after. Who knows only BOD and SXX I guess. I am hoping they are finalising and having last talks with the large bond investors, so when they re issue them there are no hiccups and they are taken up quickly. Desperately hoping !!

Is there a chance that the bonds will not even be re issued and some other form of fund raising will begin. ie large dilution

Where did that come from? No reaction here !!

Having read the article surely SXX will issue the bonds this week and be able to negotiate a much lower yield then 13.5 %. It seems a window has opened for SXX. Hope I am not just being optimistic

Can someone explain the re issue of the Bonds and time frame. Do SXX offer them to the market and they have to sell within a certain time ie 2 weeks, or can they be on offer for longer until all sold or offer withdrawn.

Has there ever been a company SXX that has been given such a berating for so long from Motley Fool. They just keep churning out the same stories time and time again. Motley Fool we have had enough. We have heard what you have had to say and now its time for you to move and report on some other company. and stop doing SXX down.

Obviously an RAF member. Thanks for the reply

Buyer BEWARE!! I have for many years invested in several stocks and seen some very strange outcomes. I once followed director buys when one director bought £250000 of stock in his company so I thought this was a good company to invest in. I plunged in and within 7 days the company was in administration. My investment totally lost. Worthless. The company 15 years later is still thriving though under a different name with the same director now a mega millionaire. Who's the patsy here!! Thinking I would be smart I decided to play safe and invested in 2 of our country's stalwart companies at the time, thinking that at least I would receive dividends and possibly some modest growth to help to repair the damage, and give me some security in my retirement. I choose Barclays and M & S and invested all that I had I left. and watched as both sank below the waves. I waited and waited spurred on by the Motley Fools that things would come good and both would recover. Hang on they said and I believed them Nursing 60% losses on both I finally gave up and invested what I had left in Sirius Minerals 280000 shares at 15. 80 p within a week of they fell to 8 p and recovered to 10.40p as of today. I am now down approx 35% again The bonds are about to be re issued with CF stating that they will sell. I do hope so. I f their is any light at the end of the tunnel and maybe again I am be niave is that all of the big shareholders are not selling out. Theses big companies if they they knew they were just about to loose 20, 30 or 50 million pounds would have fled the stock long ago . Not only that these companies or at least some of them are quite capable of buying up the bonds themselves not only protecting their initial investment but aquiring more of the company going forward. If on the other hand and I hope I am wrong theses large companies are willing to chuck away 50 million pounds at the moment and then swoop in when the bonds fail to sell and take over the company , once it has it gone into administration for a fraction of its true worth. Sxx are notorious for not given out information. The works are going well, way ahead of schedule. I just hope we long term shareholders are not being conned.

I am afraid to say this site wins hands down , or up, Whatever!!

I am now going to withdraw from looking at this site until next Friday. I know its going to be murder but to be honest I need a life. I have looked at this site more then Debbie Does Dallas Volume 2 . Hope when I come back something has been sorted otherwise will have to murder the wife She has no idea our retirement depends on the bonds being sold.
See you next Friday

I guess the reason SXX and the BDO are very quite is because any news however unimportant is so sensitive at the moment they therefore refrain from making any news known. My guess is that the bonds will be re issued but with new caveats that will not be beneficial to shareholders. Everything on here is pure speculation and the wait must be agony for some. It would be so nice if the bonds sold so everything would calm down for a year or so

WHAT DID IT SAY ??

What are the views on the re issue of bonds date? I think this is going down to the wire and SXX will wait until the Fed meeting on 17th September hoping for an interest rate cut. Only my opinion

Everyone on here has an agenda, hopes and dreams for some depend on the coming weeks and months news. It is a very emotional time for many which is understandable. We all want SXX to succeed but what really is clouding the issue and making everyone worry , is the rubbish written in the papers and the experts!! on here putting forward theories of what,why and how.
We know nothing ,as the papers really know nothing. All speculation. Only SXX and JPM and the big investors know what the exact position is. We hope and pray that the hard work now being done behind the scenes to ready the Bonds for the next launch will bear fruit and we can all look forward too a long and profitable association with SXX.

Everywhere you read SXX is on its knees,its going bust and all LTHs are going to lose their investments. The work is continuing apace. Would it be if it was on its knees NO. Is the withdrawal of a bond issue catastrophic NO. It is much more common then people realise to withdraw a bond issue and re issue later. Yes things now have to fall into place, but have'nt they done just that in the past. We are approaching the last hurdle in STG 2 financing and I am confident we will go onto the winning post. Be very interesting to read what the Motley Fool and the other doomsayers . write when the bonds sell.

Reading between the lines and all the comments. My conclusion though it matters not' was that SXX was asked to pay 13.5% which they were not willing to do so withdrew from the market. Going back to the market in September with hopefully a calming in the markets a fed interest rate cut SXX are hoping for a reduction to maybe 11%. For every 1% they would be saving 30 million I can see why the bonds were withdrawn. Everyone chill out the bonds will sell even without Government guarantees at what price who knows. As to Motley Fool in one breath they say the shares will go to to zero and in the next what a fantastic project it it is. It would be nice if someone, somewhere came out to champion what is and will be a great company of the future . British born and bred.

According to Standard and poor the percentage of defaults on Junk Bonds that are B- over the last 31 years is 4.28%. I think anyone could live with that considering the highest default rate on the lowest CCC rated bonds is 26.85% over the same period. Looking at those figures where is the real risk in Sirius Minerals Bonds

How do you think billionaires are made. Its not from working its from screwing the little guys