Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yesterdays RNS has done nothing to alleviate my fears going forward. Reading between the lines it seems CF is doing his utmost to stop a complete takeover at some ridiculous price when the money runs out. The cold hard truth is that SXX is on its knees begging for money from anyone and trying to sell a revised plan to the markets trumpeting cost savings and de risk features. All very well but at this sharp end of business any serious player will just take the whole lot on for a pittance and reap the rewards. The stg 2 finance I always felt was a bit dodgy with JPM offering 2'5 Billion when the risks were even greater then. Admittedly it came with the caveat of raising the 500 million bond first which should have been a formality with the 2.5 billion in reach, but I personally feel it was set up this way to fail with JPM immovable on the terms. This trashed the SP leaving it at the mercy of predators and shorters. The shorters piled in because they knew the bond would fail and they would clean up. Bearing in mind SXX have still to borrow 3 billion from somewhere over the term I cannot see anything other than a buyout more than likely out of administration. Unless of course there is a benevolent mining company or very rich investor willing to put up the money as debt for a large return without taking out the present shareholders completely. Stavely sorted the money for Barclays from the Qataris maybe we need to bring her onboard to seek out the funds.
Be interesting to see the major newspapers tomorrow and if they show anything positive in their stories.
They only need to buy £ 200 million pounds worth of shares and they own the company outright
Dead cat bounce. latest shs taking profits on spike, will soon settle back down at 3p until more concrete news comes out. RNS today is a delaying tactic with no guarantee of raising funds,
C F has tried twice to get the stage 2 financing and failed both times. What are his options then as I am sure he must have covered practically every scenario leading up to choosing the final stage 2 process to go with. In all honesty does he have any options left?? other than a white knight as all the big players will just wait to administration and walk away with the whole lot for peanuts.
I know everyone is waiting for news but now an election has now been called. With such a vast change in the outcome with regard to foreign attitude to investment in UK PLC hanging on the result, I cannot see any news coming before the result is known. A worrying wait but essential to have all the facts at hand before CF and BOD make their final decision.
Looks like there's been a bit of the normal leak out and no one wants to miss the boat. Expect large buys into and after the close. Just cannot wait to see the opening price on Monday. Hopefully will force the shorter's to start closing and then the skies the limit,
Nice to see some upward momentum and interesting to see the automatic trades kicking in as the SP rises. Should hold on for a good finish today though at 6.5% up today only another 480% to go to break even, !!
Assuming we are diluted down to 1p by a tie up with a larger company and assuming that as CF once said SXX will become a 15 to 20 Billion pound FTSE 100 company than taking todays value of 200million when the company is valued at 15 billion the SP should be 75p . That would more then satisfy present LTSHs. And if when SXX is fully operational whos to say that a much larger company would not want SXX in their stable. So from here I see only positivity.
apoligies. I failed English o level
Looks like it might end in the blue. They must of listened to me!!!
Market makers just will not let the Sp stay in the blue. Beginning to think their all Labour anti capitalists
Teeside ought to have its own referendum on Independence as its been neglected for so long by different governments with no meaning inward investments for decades. That way they can forge their own future based around the success of SXX and the income it will produce and the new companies wanting to be in on the act with no taxes for central government.
With the share price so low maybe the LTSH should group together and put in a bid for the whole company
CF last seen entering a Tibetan monastery!!
Should read at 15.18 also 1 + 5 + 1 + 8 == 15 >>> 1 + 5 = 6
And 6 shares for 18p 6 + 1 + 8 = 15 >>>> 1 + 5 = 6
6 Shares bought = 6
I make that the mark of the beast. The beast being SXX about to come to life
If your one for looking for codes before RNS issue then there is no better code then the ordinary purchase at 15.08 of 6 shares for 18p.
Tomorrows the 6th. Goodbye shorters!!
I am either totally wrong or CF has just added 6 shares to his 123 Million
How can anyone be sure that even with the shaft or shafts completed that it will open up the Bond/Capital Markets to raise the funds needed for total completion bearing in mind that there is a lot of scepticism regarding the final price of [polyhalite and how much can be sold worldwide.
Part of the stage 2 financing was £400 million of bonds with warrants held in an escrow account until all the stg 2 was completed. As the stage 2 failed it was deemed that the bondholders could reclaim their money. Does anyone know if all the 400 million was reclaimed or did some of the bondholders leave the money in escrow under certain conditions to be used only after these were met ????
We are deep into fear and panic territory, like headless chickens we have no direction. This is the best time to buy in to SXX and reap the benefits of large spike to come.