Sirius minerals shares

[kimchi]

1 hour ago, 5huggy said:

Homework is always the key - - There are some serious "BIG HITTERS" - with VERY large interests - that are likely to "ensure" this moves forward .

They want BIG profits!😉

Is there anything you can share that supports that @5huggy? All I've found is some investors remaining bullish with nothing to back it up except for the fact work continues for now.

Without the 500m bond offering they are out of money in weeks. It makes absolutely no sense to me that they withdrew the issue when they need that £2.4bn loan from J.P. Morgan to finish the project. If that offer is still on the table it there was no reason to delay the bond issue until they are already out of money possibly unless they are trying to force government backing. Worryingly Sirius admits the availability of the £2.4bn is subject to other conditions, ‘not all of which are under the control of the company’.

Someone is going to make billions out of this no doubt, I am just not confident it is going to be Sirius and am preparing myself that the company may well fail.

[5huggy]

I’m out putting up wth er shopping

so I’ll respond properly when in front of pc later

[JunkBond]

2 minutes ago, 5huggy said:

I’m out putting up wth er shopping

🙄 😂

[5huggy]

@kimchi

 

NOTIFIED BENEFICIAL OWNERS

OWNER	SHARES ISSUED	DATE NOTIFIED	%
The Capital Group Companies, Inc	452,788,148	11/07/2019	6.46%
Jupiter Asset Management Limited	327,719,269*		4.68%
Pelham Capital Ltd	353,589,292	23/05/2019	5.05%
Qatar Holding LLC	230,282,070	23/05/2019	3.29%
Citigroup Global Markets Ltd	353,342,655	28/08/2019	5.04%

DIRECTORS' BENEFICIAL INTERESTS

OWNER	SHARES ISSUED	%
Chris Fraser	123,747,368	1.77%
Russell Scrimshaw	45,645,005	0.65%
Thomas Staley	1,187,139	0.02%
Keith Clarke	899,144	0.01%
Jane Lodge	601,822	0.009%
Noel Harwerth	101,303	0.001%
Lord Hutton	30,856	0.0004%

The above table includes shares held by members of the directors’ immediate family and children who are under age, shares held by trusts where they or members of their family and children are beneficiaries and related companies. This table was accurate as at 1 July 2019.

AMERICAN DEPOSITORY RECEIPTS (ADR)

As at 9 August 2019, there was 29,025 ADRs with each ADR comprising 50 shares. This represents 1,451,250 Ordinary Shares or approximately 0.0207% of the issued share capital.

ISSUED SHARE OPTIONS

As at 16 July 2019, there were 24,023,568 unexercised share options in issue as set out in the table below:

	NO. OF OPTIONS	VESTING	EXERCISE PRICE (PENCE)	EXPIRY DATE
DIRECTORS
Mr Thomas Staley	1,552,497	Vested	29.0	20-Jan-25
Mr John Hutton	1,862,997	Vested	29.0	29-Jan-22
Mr Keith Clarke	1,862,997	Vested	29.0	22-Dec-23
	5,278,490
VARIOUS MANAGEMENT & CONSULTANTS
Vested	16,157,584	Vested	10.1p to 33.8p	31-March-20 to 29-July-24
Not vested	2,587,494	26-Oct-19	33.8p	26-Oct-26
	18,745,078
TOTAL	24,023,568

• INVESTORS
• STAGE 2 FINANCING
• INVESTMENT PROPOSITION
• FINANCIAL REPORTS
• MARKET ANNOUNCEMENTS
• INVESTOR PRESENTATIONS
• SHAREHOLDER INFORMATION
  • SIGNIFICANT SHAREHOLDERS
  • SHARE PRICE
  • CORPORATE ADVISERS
  • SHAREHOLDER Q&A
  • AGM NOTICE AND RESULTS
• PUBLISHING ANALYSTS

[5huggy]

FYI @kimchi

https://www.proactiveinvestors.co.uk/companies/news/204957/australias-richest-woman-comes-to-sirius-minerals-rescue-with-us250mln-injection-204957.html

[5huggy]

Gina got rich - in auzy mining by "BEING RUTHLESS" in achieving her objectives

[GrahamDiamond]

Got some of these shares myself, forgot about them until i read these comments. Share price is up to 11p I believe, I am in Profit Coinsters !!!!!!!!!

[TopHatsTales]

These just became a long hold.

[5huggy]

nailed a load more t 3.78p! WOO HOO!

But yes your right!

53 minutes ago, TopHatsTales said:

These just became a long hold.

 

[Kookaburracollector]

OMG!...just read all of this post for the first time, and it takes me back 12 years when I used to play Russian Roulette....sorry...invest in AIM stocks..yes I was in RRL at 4p, and sold some at 12p, lost loads on Angel Mining etc etc. My attitude towards risk is a little more conservative these days ..I NEVER buy a single stock..just funds in a sectors I like.

It’s still playing Russian Roulette..but with a revolver and not an automatic 😂!

Hope you get lucky and land 10x baggers one day..

A nice memory you have invoked.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[KDave]

What on earth is going on with this stock today to be down 50%? 

 

[kimchi]

35 minutes ago, KDave said:

What on earth is going on with this stock today to be down 50%? 

 

https://www.hl.co.uk/shares/share-research/201909/sirius-minerals-half-year-results-and-financing-update?utm_source=Silverpop&utm_medium=email&utm_campaign=E00RN&utm_content=Share research&theSource=E00RN&Override=1&cid=halDM86722&bid=351302507&e_cti=7609174&e_ct=T&utm_source=AdobeCampaign&utm_medium=email&utm_campaign=E00RN_Share research update_new_Research_HOLDERS_17.09.19&theSource=E00RN&Override=1

I know folk who are still very happily buying.

[Thelonerangershorse]

On 12/09/2019 at 18:13, GrahamDiamond said:

Share price is up to 11p I believe, I am in Profit Coinsters !!!!!!!!!

May have spoken a little too soon there.

[sovereignsteve]

5 hours ago, KDave said:

What on earth is going on with this stock today to be down 50%? 

 

Aren't they having to scrap a new mine in N. Yorks?

[5huggy]

🙄😉🤣 - to those that know!

[KDave]

No one wants to lend against the mines. You know what they say, when everyone is out, its time to get in. Perhaps not this particular share, but the sector, if you like a contrarian buy signal.

This one has been on the watch list for a while. Perhaps this company will be bought out by a larger company, that would be another signal. Otherwise issue new shares and dilute, or secure funding at higher cost? 

[kimchi]

1 minute ago, KDave said:

Otherwise issue new shares and dilute

They did that a few months back before the 'failed' bond issue.

There is far more to this than meets the eye imvho!

[5huggy]

19 minutes ago, kimchi said:

They did that a few months back before the 'failed' bond issue.

There is far more to this than meets the eye imvho!

AYE AYE! 😉

[caloundracats]

Wonder whether Gina Rhinehart's agricultural holdings may tempt her to increase her investment. Apparently, the world's richest women.

[5huggy]

15 minutes ago, caloundracats said:

Wonder whether Gina Rhinehart's agricultural holdings may tempt her to increase her investment. Apparently, the world's richest women.

Possibly behind the "organised tree shake " today! amongst other's BTW

BERT WERT DUZ I NO!?????🤣

[KDave]

9 hours ago, 5huggy said:

Possibly behind the "organised tree shake " today! amongst other's BTW

BERT WERT DUZ I NO!?????🤣

Ah yes I had not thought of that, a conspiracy by the management to sabotage the company share price. An attempt to allow large investors to get in cheap, or for a larger company to buy them out. Does it not also say that management have questionable bearing/can be bought and do not have share holder interests in mind. Not sure the balance of the two is positive.   

[GrahamDiamond]

I have these shares in my SIPP along with Barclays and Vodafone, I prefer Funds but I do dabble in Shares from time to time Coinster's !!!!!!!!!!!!!!!!!!!!!

[KDave]

I'm reading a lot of despair on the share boards about this one looks like some people went all in on the project, quite a few unsophisticated or not diversified investors. One guy was saying how he is local and drove past the site often, bought into the dream invested a lot of money and encouraged his granddaughter to invest, bad times. Another is talking about using his home equity to support the project if needed, madness. 

Hopefully it comes right, sentiment is destroyed and while it's just two holes in the ground sentiment is key. I'll be keeping an eye on this one, must be nearly time to buy. 

[GrahamDiamond]

I have been reading posts on SM Forum's , seems like a lot of locals have put in vast amounts of money from there Pension pots and any other savings, hope this get's off the ground and starts to produce and Profit.  I have a small amount of shares with SM and other's, Prefer Funds myself.

[richatthecroft]

57 minutes ago, KDave said:

I'm reading a lot of despair on the share boards about this one looks like some people went all in on the project, quite a few unsophisticated or not diversified investors. One guy was saying how he is local and drove past the site often, bought into the dream invested a lot of money and encouraged his granddaughter to invest, bad times. Another is talking about using his home equity to support the project if needed, madness. 

Hopefully it comes right, sentiment is destroyed and while it's just two holes in the ground sentiment is key. I'll be keeping an eye on this one, must be nearly time to buy. 

I bought Sirius quite some time ago- sold my holding and reinvested the small profit I made.

I live fairly local to these two very expensive holes in the ground.  Sentiment and anticipation of well paid and importantly, skilled employment on the horizon has driven enthusiasm to invest from the locals.  Coupled with the fact that just up the road at Boulby, there is a well established Potash mine that's existed for several decades, that employs a lot of people. It commenced Polyhalite extraction several years ago- the mineral that Sirius is hunting.  The Boulby mine extends many, many miles under the sea and there's over 500 miles of tunnel.  It's one of the deepest mines in the world- acquaintances who work there, have described pretty hellish conditions, including extreme heat.    

Several generations of families have been employed at Boulby, and I guess when you have spent your working life down there, digging what seems to be an endless supply of this mineral, then this has led to the unsophisticated investments you spoke of.  Also, workers were anticipating that the new modern mining practices would lead to better conditions at the new mine.    

I feel really sorry for these naive investors- and the community- underground there is the worlds largest deposit of this mineral- even the by-products are valuable- Rock Salt for the roads in winter for example.  

Let's hope that it will get financed and it eventually starts producing and provide some good quality well paid jobs.