Sirius Minerals Live Discussion

Jonathansxx 08 Jan 2020

If the deal goes thru. Your broker will just replace your shares with cash for the value of the deal price.

Saint998 08 Jan 2020

If the deal does go through, will there still he an immediate risk of share price dropping back down ? I mean isbit a good idea to take profits now ?

Will 08 Jan 2020

Sirius Any dispassionate shareholder would sell at 5.5p, but I wonder if there are many local shareholders who will hang on.

icebilly 08 Jan 2020

Tipped today as a speculative buy There will be some larger losses in Yorkshire for the locals. A very sad day for such a great project. IB

icebilly 08 Jan 2020

Sirius Sirius RNS statement reads as below. “There can be no certainty that any firm offer will be made, said Sirius, though the board has indicated to Anglo that it expects to be able to recommend an offer if made at the proposed price.” There are now 30 days for the offer to be forthcoming. Leaving time for another big boy to bid, and still get the mine at an amazing cheap price. Anything up to 10p is still peanuts to other Global miners. It is very sad that the 500M loan could not be sorted out. IMHO. IB.

Boring_Bernie 08 Jan 2020

Sirius icebilly: The share offer needs to be a lot higher, as the company profit potential at full production is huge in the billions. 5.5p is not acceptable! I wouldn’t bet on that Billy. The board have said they’re going to recommend the offer, so, barring any last minute glitches, it loos like a done deal. It’s a shame like, but the finances of Sirius are seriously goosed, and this is the outcome. BB

Totally_Wired 08 Jan 2020

Sirius 8 January 2020 Sirius Minerals Plc Statement regarding possible offer The Board of Sirius Minerals Plc (“Sirius” or “the Company”) announces that it is in advanced discussions with Anglo American Plc (“Anglo American”) regarding a possible all cash offer of 5.50 pence per Sirius share for the entire issued, and to be issued, share capital of Sirius (the “Proposal”). The Proposal represents a premium of: 34.1% to the closing price of 4.10 pence per Sirius share on 7 January 2020, being the last business day prior to the date of this announcement; 46.5% to the volume-weighted average price of 3.75 pence per Sirius share since the 17 September 2019 Strategic Review Announcement up to 7 January 2020; 53.4% to the one month volume-weighted average price of 3.59 pence per Sirius share up to 7 January 2020; and 61.7% to the three month volume-weighted average price of 3.40 pence per Sirius share up to 7 January 2020 Subject to the successful outcome of on-going discussions (including satisfactory assurances as to the safe-guarding of employee and other stake-holder interests and the agreement of the full terms and conditions of any offer), the Board of Sirius has indicated to Anglo American that it expects to be able to recommend a firm offer for Sirius if made by Anglo American at the price set out in the Proposal. There can be no certainty that any firm offer will be made. Anglo American has expressly reserved the right to: Reduce the offer consideration by the amount of any dividend or other distribution or return of capital which is paid or becomes payable by Sirius after the date of this announcement Introduce other forms of consideration and / or to vary the composition of the consideration Make an offer for Sirius at any time on less favourable terms: o With the agreement or recommendation of the Board of Sirius; or o If a third party announces a firm intention to make an offer for Sirius on less favourable terms; or o If Sirius announces a “whitewash” transaction. [link]

Ripley94 08 Jan 2020

Tipped today as a speculative buy SXX… XXXX Have them in many accs … my loss will be about 6.5k so not as much as first thought today . Aim is just not worth the time and trouble. In hindsight a buy as Mottley seemed to suggest on 19 November @ 3.87p smart advise. The low was 2.87p 31st October 2019. Guess they bought then are ramped to get out higher.

Ripley94 08 Jan 2020

Tipped today as a speculative buy SXX… XXXX American Bids For Cash-Strapped Sirius Minerals from Alliance News | 8th January 2020 082 (Alliance News) - UK fertiliser project development Sirius Minerals confirmed Wednesday it is in advanced talks with blue-chip miner Anglo American about a possible takeover over. The talks regard a possible cash offer of 5.50p per Sirius share, which represents a 34% premium to the firm’s last closing price of 4.10p. Based on this last closing price, shares in Sirius have slumped more than 80% over the past 52 weeks. A year ago, the stock traded at almost 22p. The offer would value Sirius at a whole at GBP386 million. There can be no certainty that any firm offer will be made, said Sirius, though the board has indicated to Anglo that it expects to be able to recommend an offer if made at the proposed price. Anglo confirmed the talks, saying it identified the project as being “of potential interest some time ago”. The possible offer could bring “certainty” to Sirius shareholders whilst Anglo brings “financial, technical and marketing resources and capabilities” to progress to project. In September, Sirius announced it had struggled to secure the required funding for its North Yorkshire polyhalite mine due to “market conditions”. Consequently, the firm intended to slow the development of the mine. Sirius then came up with a two-stage development plan to a de-risk milestone of first polyhalite, with an upfront capital requirement of USD600 million. Sirius shares were up 22% early Wednesday, while Anglo was down 1.9%.

Ripley94 08 Jan 2020

Tipped today as a speculative buy SXX… XXXX Up 33% at open but not good news for me hoping it would come back to 2015 prices in time. Possible offer arranged with Anglo America for 5.5p .

icebilly 08 Jan 2020

Sirius Crazy selling going on at the moment. It isn’t even a firm offer, just an official “Notification of interest” which has to be released to the LSE. There is a officially a whole month before Sirius have to further respond to AA and this is time for better offers. IB

icebilly 08 Jan 2020

Sirius RNS this morning is listed for potential offer from “Angle American” for whole company at 5.5p per share. This has got to draw out other bidders. The share offer needs to be a lot higher, as the company profit potential at full production is huge in the billions. 5.5p is not acceptable!. Very cheeky. IMHO. IB

icebilly 07 Jan 2020

Sirius 6% gain today, and it could have been more. Steady increases in SP are good; the Market Cap needs to get higher for SXX clout in new financial discussions. Now the election is out of the way and UK politically stable, SXX and CF have a little more leverage to conduct discussions with all interested parties, whether it be HM Gov or a strategic partner. It could get very interesting, wait for the big RNS. IMHO. IB.

johnjohns 07 Jan 2020

Sirius Are things looking up !!!

icebilly 30 Dec 2019

Great Poly 4 trials Boulby does not have the infrastructure to supply future market appetite for Polyhalite. They would need to sink another shaft to get anywhere near Sirius Mtpa. We just need the funding sorted out. IB