Sirius Minerals Live Discussion

Totally_Wired 11 Nov 2019

Sirius Nov 2019 Strategic Review progress update to view the presentation, or to listen to the webcast. [link]

icebilly 11 Nov 2019

Sirius Just listened to Chris Fraser’s live webcast. Impressive presentation detailing some significant Capex cost savings to achieve earlier first polyhalite sales from Poly excavations and cash flow . Hopefully we will see a document later today with all the presentation slide information again. Did anybody watching, pick up on his comment. When he said, at production he expectes to pay off all debt funding within 3 years. Wow, thats some turnover and profit margin. Come on Sirius lets get to the finishing line. IMHO. IB.

Totally_Wired 11 Nov 2019

Sirius Chris Fraser Managing Director and CEO of Sirius, comments: "Our focus during the first phase of the strategic review has been to reassess the best ways to unlock the value of our project for our shareholders, our community, the UK, and our customers all around the world. "Our analysis has identified a two-stage development plan that enables us to achieve the key de-risking milestone of first polyhalite, when the service shaft reaches the polyhalite ore body, with an upfront capital requirement of ~$600 million. The additional works required to reach an installed and ramped up production capacity of 10 Mtpa contemplates up to US$2.5 billion of capital expenditure. We are in discussions with potential strategic partners and debt investors with the aim of securing the best route to finance our revised initial scope of work and will update the market and our stakeholders on the progress of those when appropriate. The value of Sirius is unlocked by reaching production and delivering POLY4 to our customers around the world. This approach allows us to achieve that with less upfront capital while retaining the significant return opportunity it presents for our shareholders and stakeholders. “I would like to thank our employees, contractors and partners for their continued focus and commitment, and recognise that the progress achieved on the ground in recent months remains a source of huge inspiration for the whole team.” Full RNS via link below: [link]

icebilly 11 Nov 2019

Sirius RNS issued this morning. Basically Sirius are seeking $600Million to keep going. IB Sirius Minerals Plc Strategic Review Progress Update § Development work across the Project now slowed to allow for a six month strategic review period, funded by existing cash resources § Review of development plan and optimisation opportunities has produced a revised two-stage Project development plan comprising: o An Initial Scope to include progress of shaft sinking to achieve first polyhalite and Drive 1 MTS, significantly de-risking the construction of the Project. This work is estimated to require ~US$600 million of funding to be raised o A Deferred Scope incorporating the remainder of construction activities required to deliver full production § Strategic partner and financial investor processes underway with the aim of securing ~US$600m of Initial Scope funding, with various parties engaged and assessing information § Strategic review demonstrates robust project values with current project Net Present Values for the 13Mtpa business case ranging from ~US$11 billion to US$13 billion and Internal Rates of Return ranging from 29% to 35% for a range of development scenarios subject to successful financing

Ripley94 09 Nov 2019

Tipped today as a speculative buy Interesting …Totally_Wired. I do not know what to make of them all , guess you feel same way about share prophets . IC ? I did see a link to another type of thing this week , it posted a rummer about a placing in Alba . I kept an eye on and it came true, Rns that afternoon . I had placed a buy order the day before !!! ( lucky that did not lift )

Totally_Wired 08 Nov 2019

Tipped today as a speculative buy Motley Fool is best ignored like ADVFN they are irrelevant!

Totally_Wired 07 Nov 2019

Sirius From Boris Johnson on his visit to Teesside today: ’We’ll do everything we can to help’ Sirius Minerals mine Mr Johnson was asked about potential criticism labelled at the Government over a failure to guarantee a vital loan for the Sirius Minerals mine which has been hit with cash flow problems in recent months. Campaigners say the Treasury should provide the major project with a “full loan guarantee” which would get it over the finish line. He said: I can’t talk about the commercial, specific relations between the Government and individual commercial projects but I can see the attractions of the Sirius project, of course I can, and we’ll do everything we can to help but it’s not easy. [link]

Ripley94 06 Nov 2019

Tipped today as a speculative buy Hi devonplay “It’s a joke site? They cahnged the name recently. Maybe you should look for the old one FCPT.” Do you mean Four Corners Property … USA Company ?

Ripley94 06 Nov 2019

Tipped today as a speculative buy Government issues response to Sirius Minerals petition The Government has responded to a petition asking for it to provide a loan guarantee to Sirius Minerals. By Martina Moscariello Tuesday, 5th November 2019, 121 pm Updated Tuesday, 5th November 2019, 122 pm Sirius Minerals’ HQ. Sirius Minerals’ HQ. It was started by a member of the public who called for the Treasury to intervene to secure the future of the company’s polyhalite project. More than 11,000 people have so far signed the petition prompting the Government to issue a response. A spokesperson from the Department for Business, Energy and Industrial Strategy said: "The Government’s interactions with Sirius Minerals are commercially confidential and it is therefore not possible to comment further on the particulars of dealings between Government and Sirius Minerals. However, we wish to assure all interested parties that all requests for Government financial support are assessed in great detail and must meet necessary assistance criteria. When examining any request for financing, the Government has to assess the potential benefits of a project against the need to protect taxpayers’ mo

icebilly 05 Nov 2019

Gov petition now above 11,000 & awaits HM gov first response The Government response yesterday is NO COMMENT, of course. Petitions - UK Government and Parliament Petition: Provide Sirius minerals with full Loan Guarantee from HM treasury. Sirius minerals is currently building a multi billion pound fertilizer mine in Yorkshire which will boost exports and create thousands of jobs locally and nationally. the government as of today will not fully support this project with loan...

icebilly 30 Oct 2019

Construction update Photo link added for CONSTRUCTION WILTON PHOTOS above , click on PROGRESS Sirius Minerals - Interactive Progress Map Sirius Minerals - Interactive Progress Map Interactive Progress Map - See progress across projects sites. Including imagery, video and animation.

icebilly 29 Oct 2019

Construction update Stella Rose TBM keeps on digging. New photos for October 2019 loaded to their website have finally added two new images for the Wilton site. No other photos added for other construction sites. One shows the completed tunnel at 1 mile underground. The other, with the access train under the rear of the the TBM. Great work team. Lets hope for a full construction update with the review. IB

Totally_Wired 26 Oct 2019

Gov petition now above 11,000 & awaits HM gov first response Fresh call for Sirius Minerals support made to government after ‘incredibly impressive’ mine visit [link]

icebilly 25 Oct 2019

Gov petition now above 11,000 & awaits HM gov first response After a site visit, impressed Teesside councillor has repeated her call for the government to support the creation of a £2.8 billion minerals mine. Leader of Redcar & Cleveland Council , Mary Lanigan, made the visit to Sirius Minerals mine at Woodsmith , near Whitby and said she was “incredibly impressed” with the business and its potential to create hundreds of high quality jobs. The 10,000-names milestone means the petition must receive a response comment from the government. petition located at Petitions - UK Government and Parliament Petition: Provide Sirius minerals with full Loan Guarantee from HM treasury. Sirius minerals is currently building a multi billion pound fertilizer mine in Yorkshire which will boost exports and create thousands of jobs locally and nationally. the government as of today will not fully support this project with loan...

icebilly 23 Oct 2019

Sirius Sirius moved to FTSE Small Cap Index today. Market Cap now at £210Million. Index operator FTSE Russell said, Sirius would exit the list of the UK’s 250 largest companies by market cap and be relegated to the SmallCap index.