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You cannot be sirius


TheCountOfNowhere

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I lost £20k in  Baobab Resources a few years back, a pig iron project in Mozambique. Not sure what became of it but it was spunking money at the time with Chinese interest to take it over and wipe out

Probably a good result for the area -- AA have the clout to actually pull this off, which will be good for jobs and secondary stuff (suppliers, etc).

Its happening  nowish. They are fly a plane low and slow over a square ~Whitby to ~Ravenscar. Doing a square with ~50m meter scan gaps. They are scanning using a v sensitive super duper

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MrXxxx
On 13/01/2020 at 10:56, DurhamBorn said:

K+S for instance has massive assets in Canada,but the currency the parent company is in doesnt matter because they will be valued against the value of the commod under the company.Commods are solf in $ so if the Euro did collapse then companies selling things in $ would be big gainers.As part of a balanced portfolio i wouldnt worry about the affect of currency on the share price,but more the commod itself against the underlying currency.

Think this answered the second question in my PM post above, thanks.

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  • 4 months later...
spygirl

https://www.thisismoney.co.uk/money/markets/article-8583999/Sirius-Minerals-boss-pocketed-1-3m-investors-lost-fortune.html?fbclid=IwAR1PzW-e9SpkLt-3zvqOiPtsNpBOHiMp76KD53j_UdnhXL1QPn9SyA4yKhw

Sirius Minerals boss pocketed £1.3m after agreeing takeover that cost many shareholders their life savings

  • Former chief executive Chris Fraser received £1.3m in bonuses
  • Former finance boss Thomas Staley pocketed a total of nearly £900,000
  • Fraser and Staley are now running Anglo's new 'crop nutrients' division
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spygirl
On 16/03/2020 at 11:15, spygirl said:

Spoke to soon.

https://www.thisismoney.co.uk/money/markets/article-9027621/amp/Sirius-Minerals-faces-legal-bid-shareholder-group-rescue.html

The legal claim would centre on allegations that Sirius misled investors about the state of its financial health before a failed fundraising last autumn. It is seeking to win compensation for former investors

From whom?

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spygirl

They are still digging n doing whatnot.

Gives mam something to talk about.

Development chief departs Anglo’s Woodsmith project

Simon Carter leaves after five years at the helm

https://www.ft.com/content/a8905670-ab93-4b7e-81f8-96d9b0ba1754

Nice piccy

2568f5fc-c788-4b09-b9a3-465989690768.jpg



The Financial Times has spoken to a number of people who have worked on the project who said that the shaft-sinking timelines developed by Sirius would be difficult to achieve.

They also said that Anglo had ended the contract of its shaft-sinking contractor DMC Mining Services in July, transferring most of the staff to its payroll.

Basically, the plan the Sirus was toting around for production by 2024 was waaaaay out.

This matters, in terms of Sirius as was, as the each year production was out would put huge extra costs on the cost of the project esp. considered its debt and zilch income.

 

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One percent
4 minutes ago, spygirl said:

They are still digging n doing whatnot.

Gives mam something to talk about.

Development chief departs Anglo’s Woodsmith project

Simon Carter leaves after five years at the helm

https://www.ft.com/content/a8905670-ab93-4b7e-81f8-96d9b0ba1754

Nice piccy

2568f5fc-c788-4b09-b9a3-465989690768.jpg



The Financial Times has spoken to a number of people who have worked on the project who said that the shaft-sinking timelines developed by Sirius would be difficult to achieve.

They also said that Anglo had ended the contract of its shaft-sinking contractor DMC Mining Services in July, transferring most of the staff to its payroll.

Basically, the plan the Sirus was toting around for production by 2024 was waaaaay out.

This matters, in terms of Sirius as was, as the each year production was out would put huge extra costs on the cost of the project esp. considered its debt and zilch income.

 

They are going to do an arial survey from specialist planes. Everyone got a letter. Wondering what that’s about. 

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spygirl
2 minutes ago, One percent said:

They are going to do an arial survey from specialist planes. Everyone got a letter. Wondering what that’s about. 

Its happening  nowish.

They are fly a plane low and slow over a square ~Whitby to ~Ravenscar.

Doing a square with ~50m meter scan gaps.

They are scanning using a v sensitive super duper sensors, looking at gravitation fields.

Theyll be looking for faults and type of rock.

 

 

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One percent
4 minutes ago, spygirl said:

Its happening  nowish.

They are fly a plane low and slow over a square ~Whitby to ~Ravenscar.

Doing a square with ~50m meter scan gaps.

They are scanning using a v sensitive super duper sensors, looking at gravitation fields.

Theyll be looking for faults and type of rock.

 

 

Surely that would have been better done before digging the mine?  

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spygirl
23 minutes ago, One percent said:

Surely that would have been better done before digging the mine?  

Prob why theyve booted the mine director out.

Its the 1 year anniversary.

They are double checking the geology before digging out the long mines.

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