Sirius Minerals Live Discussion

Live Discuss Polls Ratings Documents
Page

icebilly 03 May 2019

Share Magazine article on Sirius Placing Hi, you are being very wise. I am already committed and in for the next 5-10 years. So topping up when opportunity occurs. IB

regardless 02 May 2019

Share Magazine article on Sirius Placing Billy not topping up just looking for an entry point … nearly double bubble shares dilution after fund raise and no completion date for years or dividends going to be paid

icebilly 02 May 2019

Share Magazine article on Sirius Placing Topping up at around 15p is fine as long as you are in it for long term.

icebilly 02 May 2019

161 traded so far Wow, some massive Buys at end of market on Thursday, but sells just out number buys by small fraction. buys of 7,000,000 shares, 3,000,000, 1,000,000, 500,000 occurred

regardless 02 May 2019

Share Magazine article on Sirius Placing Most interested party’s like me will be looking for below 15p if I am honest

icebilly 02 May 2019

Share Magazine article on Sirius Placing Article for investors of SXX. [link]

icebilly 02 May 2019

Poly sales boom at Boulby mine. Intersting article Here, is an interesting article from Monday 29th. Hope the link works. Summary. The local Boulby mine which is switching production from potash to Polyhalite seam has seen its biggest sales month in March. Poly demand is creasing as the benefits get noticed. They aim to get product to 1millionTons pa at some point. This natural product is a no brainer, and the government needs to guarantee success for SXX, North Yorkshire, and the country. IMHO, IB. Tees Business – 30 Apr 19 Boulby hits new record for polyhalite sales - Tees Business The growing worldwide demand for fertilisers produced from the world’s only polyhalite mine at ICL Boulby is setting new records. Sales figures for March reached [...]

icebilly 02 May 2019

Share placing SXX Hi Johnjohns, Kapelomi is correct, this is what I meant. You get the chance to buy One more share for every 22 you already hold. As a PI. Your broker will be in touch in due course to give you the chance to buy said shares at 15p. So if you have 22,000shares, Sirius will offer you the chance to buy 1,000more, which will cost you a new £150.00 investment in Sirius. regards, IB

Snowman24 02 May 2019

Share placing SXX Open Offer Vs Right Issue The open offer is an offer to take up a subscription to shares but if you don’t take up the offer you will receive no compensation. You will need to instruct your broker to take up the offer. With a rights issue, you can sell your rights nil paid - compensating you for the dilution should you not wish to take up the rights. Basically when a company is more desperate for money they do an open offer with clawback - pre place the stock and then offer it to all shareholders clawing back allocations taken up from institutional placees. This protects the underwriter from shareholders deciding not to take it up, and the shares trading below the subscription price - 15p - thereby leaving the underwriters with a loss. Obviously all the institutions that took stock at 15 can sell it at a descent profit in the market limiting upside. Also causing the shares to fall towards 15p over the course of the day. Given the size of the issue it is likely to take several weeks post the EGM to shake out all the loose holders before the shares settle down.

kapelomi 02 May 2019

Share placing SXX I believe your broker/sharedealer should provide pi’s with details of the Open Offer.

Does_not_listen 02 May 2019

Share placing SXX Do you know how Pis can subscribe to access at this price? Should your sharedealer offer this?

Snowman24 02 May 2019

Share placing SXX kind words, thank u - im not interested in talking the story down and have made good money in it, being long… but am interested in this site being the venue of proper debate and assessment of the inv case as it develops. Im not involved at the moment and only trust JPM and others when they tell me things are done - not letters of commitment.

johnjohns 01 May 2019

Share placing SXX Thanks for the info Kapelomi, it’s still a good long term bet. Johnjohns

kapelomi 01 May 2019

Share placing SXX Hi johnjohns as far as I understand it you can subscribe for 1 share for every 22 you hold at the strike price for the placing ie 15p. You may also be able to subscribe for more in the event that not all of the holders subscribe.

johnjohns 01 May 2019

Share placing SXX Hi Icebilly, am I of the understanding from your post that we get 1 for 22 and don’t have to pay for them? Cheers

Page