Member Info for woolverstone13

Market sentiment has improved dramatically since Brexit announced. There is an absolute flood of money waiting to pour into the UK for aquisitions , investment and development. Surely this is the time to go back to the market to raise the needed funds when confidence is at an almost all time high.

Gina has a cracking deal with SXX but she is a tough Australian business women worth approx 15 billion with alot of mining expertise. If she really wanted to she could takeover SXX at a higher price and reap even greater rewards. Having said that with 15 Billion in the bank already whats the incentive??

If as been touted about that this is one of the top mining projects and could be a world leader then surely there would be more then one entity who would pay top dollar to be in on it from here on in. I am holding 300000 shares and am not budging one bit until a sensible offer or another solution is found.

I was wondering why AA came in with an offer at this stage of the game when they could have waited a few months and bought it even cheaper out of administration. Some think it was show their hand to other interested parties. My conclusion is that they knew that the government rule book had been torn up and the government were going to guarantee the debt after the 31st Jan when brexit happens. They made a premptive strike for SXX knowing with an offer on the table the government would have no reason whatsover to intervene. I do so hope the Chinese come in with an improved offer and a bidding war ensues . Fingers crossed.

SXX shareholders now hold the title of the biggest Pommy Bash in history following the long con. I can imagine CF, Gina and the Fortescue Mob many years ago sitting round the camp fire down by the billabong drinking a few tinnies working on the long con. Find some Pommy mugs to stump up the money to get the show started, ask for more to keep it going promising them riches in abundance. Screw up the financing deliberately reducing SXX to a basket case then move in and take the lot off their hands for pennies. Well and truly pommy bashed

Christ !!! Motley Fool is buying in to SXX I have got to remortgage the house and pile in and maybe sell the new car. I'am going to be so rich on this nugget from Motley Fool

No I am holding. This is a world class asset with huge potential. AA are not the only larger companies who would bite your hand off to have this at whatever it took. The Chinese are the obvious choice, This is the sort of major project they snap up all the time. Just hang on, another bid will come.

YELLOW. Alright your mad

Oh you could. Hindsight is a wonderful thing. Looking back over the years there are many points that actually show this was always going to be the final outcome and it was designed that way from the very start, Lets find some mug punters to stump up millions and we get to start the mine. A bit later we will ask them for more and they will cough up. Then we go to the markets for billions and they will show a bit of interest and cough up a bit with the promise of the rest to finish the mine whilst shorting SXX shares at the same time. Then the big boys pull the rug sending the SP into a nose dive making it a juicy and profitable takeover for our friends. We make a fortune on the shorting and millions in fees on the buyout and the cream on the top of our cake is we get rid of all the mug punters. Not one thought for shareholders here by anyone. The mine will be a great success and the big boys will make millions along with the present BOD who keep their jobs and all the mug punters will just have to work until they drop to recoup there losses. Welcome to the world of sleazy bankers and financiers. We never stood a chance.

Interesting to see what happens now with the shorters any suggestions.

MOTLEY FOOL,,,,,,, ALL QUIET ON THE WESTERN FRONT !!!

This project is going to be a world beater . 15 billion plus valuation at full production and all the big players know that.
Someone had to start the ball rolling and AA have started with a cheeky offer knowing with nothing else on the table it will have to be put out in a RNS. So AA have shown their hand. Now its up to the other interested parties and there are several to counter bid. Hold on its not over yet. This will go higher and if I was a betting man ha ha my money would be the chinese coming in with a takeout price to scare the others off.

What was he watching? DRACULA because hes sucked the blood out of 85000 private shareholders

Well with CF holding some 123 million shares the offer makes him a multi millionaire at some £7 million. Don't think he's crying over his cornflakes this morning Not bad considering they were mostly given to him free

Tthis was just a cheap low shot aa will increase offer some else will bid more hold steady

15p

Interesting to see Automatic trades kicking in at various prices. The last AT buys coming in at 3.85 next ones should be 3.90. Seems to be a bit of momentum building today. Onwards and upwards

About 20

It makes you furious that the government say they have to consider the risk of taxpayers money when making investment decisions. Well just look at HS2 it might cost 30 billion 50 billion and now they are saying it could be 3 times over budget at 108 billion. That's just a totally incompetent use of taxpayers money that will benefit very few. What real cost to taxpayers is a government guarantee that will see the finish of a world class mine and product . If one was to take things further with polyhalite increasing food productivity then surely this will also come under climate change and carbon omissions regulations and a benefit to everyone

That's a very unusual Ut today signalling something??