1718 days ago
Last night, as we reported at the time HERE, shareholders in Sirius Minerals (SXX) gave an almighty feck you to folks like the ShareSoc suits and pompous Crispin Odey and backed the 5.5p per share bid from Anglo American. Before the meeting ShareSoc’s Cliff Weight was on twitter and going full on crony capitalist.
1718 days ago
In today’s podcast I start with an apology to Mitch Tarr for perhaps marginally misquoting him. But that turns into a demand that for all sorts of reasons BigDish (DISH) fires its chairman Jonathan Morley-Kirk, who should be in prison. Then I look at Coronavirus and Dignity (DTY) following a discussion with my GP sister. Then it is onto Sirius Minerals (SXX) and finally to why Brexit “bad boy” Arron Banks is a hero both for dealing with the ghastly Carole Cadwalladr and for his actions at Iofina (IOF) which I support for reasons I explain in great detail.
1721 days ago
Befire Versarien (VRS) owning morons get too excited I do explain what happened in full. Then it is onto Sirius Minerals (SXX) where it does seem increasingly likely that having been egged on by folks like ShareSoc, the turkeys will be voting for Christmas tomorrow. Then onto Big Dish (DISH) and comments from a chap call Mitch below my article of earlier today which show the mindset of bull market madness – I take him and those who think like him to task in a big way.
1733 days ago
I start with the great global warming nutter who is here today. I then deal with another of that ilk, Malcolm Stacey, and his worries about owning oil shares. I coment on how central bankers might respond to Coronavirus but ask if it will work. I look at Angling Direct (ANG) and Sirius Minerals (SXX).
1734 days ago
In today’s podcast I look at Tertiary Minerals (TYM), Sunrise Resources (SRES), Bidstack (BIDS), NMC Health (NMC) and Sirius Minerals (SXX). Now that we are at 5 rogue bloggers for Woodlarks surely all listeners can spare a tenner to donate HERE
1739 days ago
In this podcast from the Welsh Hovel as it is battered by Storm Dennis I discuss Nostra Terra (NTOG) ahead of a podcast with former site editor Flip Flop Ben Turney on Monday, Gervais Williams and his rile in this sorry tale and his problems and the fate of Sirius Minerals (SXX) and why certain tedious establishment suits need to start being honest with folks who have lost millions.
1759 days ago
ShareSoc wants your money. Will you make a donation of £500, £100, £10 or whatever you can afford or will you join for £45? Er No give the cash to Woodlarks instead. But the appeal comes at the bottom of news that ShareSoc has launched the ShareSoc Sirius Shareholder Group to provide whatever support it can to 85,000 investors in this company. The appeal is disingenuous at two levels.
1779 days ago
In today’s bearcast I discuss Sirius Minerals (SXX), the comedy show that keeps on giving at Anglo African Oil & Gas (AAOG), Petrel (PET), NMC Health (NMC) and also today’s shocking expose on Versarien (VRS)
1779 days ago
The talks are advanced but it looks odds on as if Sirius Minerals (SXX) will get bought out at 5.5p per share by Anglo American (AAL). I guess that explains the very strong share price over the past few days, not that there is ever any insider dealing in London.
1837 days ago
So there is a Plan B right? Well sort of. But it changes nothing at Sirius Minerals (SXX). It is still almost certainly a total wipeout for shareholders whatever the company says about an update on its “strategic review.”
1843 days ago
Lucian Miers calls in from Cambodia where he is escaping the nonsense of the election campaign, to ask is Jo Swinson really as dim as she seems and is Mothercare (MTC) bust. I am afraid that I have no answer to either question…
1855 days ago
As you can see below, Joshua watched Panorama on Neil Woodford avidly. He liked seeing me but had a major gripe. I reflect on the show. I look at the bonkers boss of you cannot be Sirius Minerals (SXX) and at his company and then on to the latest “news” on Horse Hill from UK Oil & Gas (UKOG) and, yes, Britain’s most talented chanteuse is relevant.
1858 days ago
i bet Watchstone (WTG) directors chant “can we play you every week?” when they meet the poltroons who run Aussie listed Slater & Gordon (SGH). I discuss the latest news and where it leaves both companies. Then I look at Purplebricks (PURP), Amur (AMC), you cannot be Sirius Minerals (SXX) and finally Big Dish (DISH). I start with a generous offer to you all! And PS. Make sure you watch Panorama tonight.
1859 days ago
I start with a look at who might be sued in the Neil Woodford scandal, focussing in on the directors at Woodford Patient Capital Trust (WPCT). Then I lookl at another mini-bond disaster, this time involving Kevin McCloud of Grand Designs. Finally I discuss the latest deranged thoughts and acts of Chris Frazer of Sirius Minerals (SXX0 as he ponders an AIM (sorry main market) delisting. Timber!!!! He is, again, the bears best friend.
1870 days ago
Yes my good friend is going to the AIM Awards dinner now that he is an evil PR man (for Bigdish Ventures (DISH). Elsewhere I discuss the news about the Thomas Cook (TCG) stores and the lesson for Sirius Minerals (SXX). I look at Reabold (RBD), Brady (BRY) and Iconic Labs (ICON) as it serves up a bollocks packed RNS.
1871 days ago
Chris Frazer, the knobhead who runs Sirius Minerals (SXX) is today calling for bulletin boards to be shut down and again saying that private investors should only buy shares after seeking advice from regulated folks (Neil Woodford perhaps?) The blame for his company’s shares crashing by 90% and being a potential zero must lie elsewhere. Au contraire. I have lambasted John Meyer of SP Angel many times but his analysis of Sirius, its ghastly errors and dire position is superb. Meyer opines in his morning note today:
1871 days ago
In today’s podcast I discuss the latest deranged rantings of Chris Frazer, the CEO of Sirus Minerals (SXX). The guy is a total knobhead, a man wheeling out the most lamentable excuses for his own failure. I also discuss a piss poor and incomplete trading statement from smug Sam Smith’s FinnCap (FCAP) and look at two AIM zeros in waiting: Sound Energy (SOU) and Funding Circle (FCH)
1889 days ago
I am grateful to Reg Hoare for prompting Begbies Traynor (BEG) to answer my questions and so save me from having to go to Manchester. But its response gets only 5 out of 10 and leaves me unconvinced. I look at Sirius Minerals (SXX) where things will only get more grim up North. I cover St James House (SJH) and also Watchstone (WTG), where I give credit where credit is due.
1889 days ago
For Northern Nimbies ,like my first cousin once removed, who do not want a Potash Mine on the North York Moors this is great news. For shareholders in Sirius Minerals (SXX) it is a disaster. This company is in real trouble and may not be able to open its act of environmental vandalism after all.
1933 days ago
There are dramatic events today at the Greek Hovel. More on that elsewhere and later. In the podcast I look at IQE (IQE) and Equitites First Holdings, at Iconic Labs (ICON), the SVS fallout, Vela (VELA) and Tertiary Minerals (TYM) and at Sirius Minerals (SXX). And also at share options in general and why I oppose them in all cases.
2921 days ago
If only to annoy Lucian Miers who must count his short of Sirius Minerals (SXX) and his betting on Crooked Hillary as among his two worst trades of 2016, I bring you the latest thoughts of broker Shore Cap. As ever all the usual disclaimers apply, that it is to say most brokers talk cock but maybe on this occassion Shore Cap does not. Over to the talkers of cock:
2938 days ago
Congratulations to Sirius Minerals (SXX) which looks to be almost there on securing the finance to build out phase one of its potash mine in North Yorkshire. A few things are up in the air so should you, at 32.875p, buy sell or hold?
2978 days ago
The latest podcast from Palisade Capital sees a chap called Dwayne Dahl talk his own book but what he says about the forces that are shaping the potash industry will be of interest to groupies of Sirius Minerals (SXX). And for their sake I bring you this podcast.
3013 days ago
The pizza hardman took a test to see if he can stay in the UK and avoid deportation to the socialist hell hole that is Canada. I give you one of the questions whuch had me stumped since in part it depends on whether you live in the hard working South or the Northern welfare safaris. Then I answer a question on forward selling and another listener question on whether Sirius Minerals (SXX) is cheap. Then it is onto Harvest Minerals, (HMI), Iofina (IOF), Alba (ALBA) and the Jim Mellon joke that is SalvaRx (SALV) which I have covered in full HERE. Finally I am working on exposing an AIM listed company which has been engaging in industrial scale bribery. I hope to run the story tomorrow. Can you guess the company? Suggestions in the comments section below. Ho Ho Ho.
3018 days ago
If only to tease my pal Lucian Miers who was short of Sirius Minerals (SXX) and cannot have prospered as a result I'm delighted to bring you the note published today after yesterday's interims. Shore is a corporate advisor to Sirius so the research cannot be considered utterly impartial but so far it is Shore Cap 5 Lucian Miers nil. Shore opines:
3095 days ago
Whether broker Shore cap is talking tummyrot or not is not the issue. We all know that most broker notes are toilet paper. But just to annoy my pal Lucian Miers who is short I feel the need to give this Sirius (SXX) report more publicity.
3118 days ago
Okay the research note claiming that shares in Sirius Minerals (SXX) will zoom from 18p to 40p is made by its own house broker Liberum. On that basis it is - like all house broker buy notes - to be taken with many pinches of salt. But just to annoy my pal Lucian Miers who is short and to show we are happy to offer a variety of views. To be clear, I personally have no view.
3168 days ago
Shares in Sirius Minerals (SXX) have slipped back sharply since the annnouncement of the DFS for the North York Moors Potash mine. They now trade at 15.5p. But then then a slew of gushing broker buy notes pre the DFS pushed the stock up a lot. I personally would not get too fixated on short term movements.
3169 days ago
I start with two matters from yesterday's Budget which I neglected to mention in my otherwise excellent post Budget podcast HERE. The I move not to Sirius Minerals (SXX), which I shall cover in a seperate article elsewhere following a chat with Chris Frazer which left me quite impressed, but to Sirius Petroleum (SRSP) which is a dog with fleas and whose placing today stinks. Then it is onto Wandisco (WAND), Gulf Keystone (GKP) - where are my fucking apologies from the morons? - Audioboom (BOOM), Challenger Acquisitions (CHAL) and the uber perma dog Sareum (SAR) before I engage in a lengthy discussion on Fitbug (FITB) another perma dog.
3221 days ago
Bears are the new regulators, in fact the only regulators. Jabba the Hutt wants shorting banned. Worse still he is telling his deluded followers that shares in Afriag (AFRI) and his other dogs fell because of shorting. That is untrue as I explain in this podcast. I also cover: the after effects of ouzo, Frontier Resources (FRI), FastForward (FFWD), TrakM8 (TRAK), PeerTV (PTV), Sirius Minerals (SXX), London Capital (LCG) - in detail - and Jiasen (JSI)
3265 days ago
Next up from the Gold & Bears show is a presentation by Sirius Minerals (SXX). Enjoy..
3444 days ago
My father enjoys me describing him as a deluded lefty in these podcasts but, today, I out him for some of his reactionary glories. I then move on to New World Oil & Gas, Sefton Resources, and, in detail, Sirius Minerals.
3541 days ago
I start the podcast today with a little joke for Gareth at Sirius Minerals before dealing with Afren, Gulf Keystone, Mosman, Kea, Touchstone Gold, Cloudbuy, Powerhouse Energy and Gate Ventures. Steve Berry, you crony capitalist, I have a little song for you.
3594 days ago
Robert Tyerman vs Lucian Miers: the Sirius debate. I explain on whose side I am on. In this podcast I also cover Webis which I forgot to mention earlier. Notwithstanding the fact that my old friend Jim Mellon is a major shareholder I have a few words to say. The meat of this podcast is the disgrace that is Directors talk. This website should be exposed and boycotted and I explain why. The Ben Turney piece i refer to in this section is HERE
3922 days ago
I do not agree with this call but in the interest of balance I note that the World’s greatest living mining analyst, uber cynical Roger Bade of Whitman Howard has today upgraded his stance on Sirius Minerals (SXX) at 13.5p from hold to buy with a four month target of 20p.
The great Bade writes:
3929 days ago
As ever the way Sirius Minerals (SXX) communicates with its long suffering shareholders is a farce. I have covered this before and explained why I am a mega bear of this stock – as you can see HERE – but the past 24 hours have been another masterclass from this AIM Cesspit posterboy.
Yesterday a link went up on the website of the North Yorkshire Parks Authority
3991 days ago
Sirius Minerals (SXX) today served up predictably dismal results for the six months to September 30th. Jessie J reckons that I should forget about the price tag and it is not about the money. My view is that her analysis of Sirius is wrong. It is all about the money. Or rather lack of it.
4035 days ago
Another day and another apparently positive statement from Sirius Minerals (SXX) as it tries to maintain interest to keep its equity drawdown death spiral going. But as ever the maths are not all that supporters might have hoped for.
The worlds No 1 mining analyst Roger Bade of Whitman Howard expresses it thus:
4048 days ago
Another day and another update from hapless Sirius Minerals (SXX) as it tries to get planning permission to build a Potash Mine to scar a large stretch of the North Yorkshire Moors. Sirius has a cunning new plan.
4141 days ago
I flagged last week that even before it starts building its proposed mine, AIM Cesspit listed Sirius Minerals (SXX) is going to have to raise fresh equity just to keep going. Given the material uncertainties that now exist one wonders at what price the cash call will be. The shares are now 18.5p but the longer it waits the harder this is going to be. What price a cash call now? 15p? 12p?
You can read my piece of last week here
But things seem to be getting worse.
4144 days ago
There are delays and more delays in North Yorkshire for AIM Cesspit listed Sirius Minerals (SXX). The company says that it has £10 million cash left but if there is no planning approval until 2014 it is only a matter of time before the hat is passed around again and at what price will that be?
I note that the company has not said what trade payables are. So what is the REAL cash position? I wonder.
I have been bearish on this stock for a while and have been right to be bearish. The stock is now 19.25p at what price could it raise money just to keep going, let alone to fund its proposed mine? 15p? 12p? I do not know. But I would remain very short of this one.
I am not the only sceptic.
4146 days ago
I am not a fan of AIM Cesspit listed Sirius Minerals (SXX) and so on this occasion merely relay a broker note from the man who I think provides the best independent broker comment in London, Roger Bade of Whitman Howard. This note out on Tuesday is balanced and fair. Bulls should take note of his caveats and the cash warnings, bears be aware of the upside. Over to the excellent ( and amusing) Roger:
4205 days ago
Whilst AIM Cesspit listed Sirius Minerals (SXX) is keen to issue an RNS every time there is good news on its planning application to build a vast mine on the North York Moors it seems rather less keen to broadcast the bad news. So I guess that is my job.
Today I am grateful to a reader in the Grim North who alerts me to the headline in the Whitby Gazette which is now on my list of must read publications.
The headline screams “New mine would be a threat to tourism” and the article reads: Tourism would be hit by a £41 million loss every year as visitors avoid congested roads and a spoil heap the size of Wembley Stadium, caused by a new potash mine, it is claimed
4213 days ago
On 9th may AIM Cesspit listed Sirius Minerals (SXX) updated investors on the planning process for its proposed mine on the North York Moors. The RAF has asked a few questions which Sirius says that it will answer. But there was another submission made to the North York Moors National Park Planning Authority which Sirius, er…neglected to detail its release. It is not good news.
At this point I hand over to the ever excellent Roger Bade of Whitman Howard who writes in his morning missive:
4268 days ago
To howls of abuse I suggested that AIM listed Sirius Minerals (LSE:SXX) was a slam dunk sell at 27.75p on the day it submitted planning applications for its Potash mining project on the North York Moors. My reasons were multiple. Its ability to gain planning permission was a side issue although an RNS last week makes for interesting reading. The shares are now 24p.
It seems that the North York Moors Planning Authority has asked for extra information in order that it can determine the planning application. Sirius will provide this with a view to still getting a decision by May 21st. But there is another potential fly or two in the ointment:
4295 days ago
I seem to have rather riled Sirius Minerals (LSE:SXX ) with a suggestion last week that it urgently need to issue equity. The company has issued a statement today which says that “ The Directors of Sirius Minerals Plc, the globally diversified potash development group, would like to correct current misinformation about the Company’s financing plans for the York Potash Project. As at 31 January 2013, the Company had a cash balance of GBP24 million and no immediate plans for a placement of shares.
The development of the world-class York Potash Project will require multiple financings and these will be carried out when required, when opportunities present themselves and always with the best value to shareholders in mind.”
Ooooh er missus. Whatever you say.
Now let’s look at the facts.
4300 days ago
A raft of announcements have been made by Sirius Minerals (SXX) today but amid the verbage the clear drift is not positive. The shares are off – at 25.25p – but the company is still valued at £339 million. That simply cannot be justified.I did suggest that holders at least top slice on January 31st at 27.75p as bulletin board frothed with excitement on news that the company had submitted a planning application for its Potash mine on the North York Moors.
Following today’s news my stance is downgraded to a plain sell
4313 days ago
AIM-listed Sirius Minerals (SXX) has announced it has delivered application documents for the onshore mining and mine access infrastructure for its York potash project to the North York Moors National Park Authority. This news on what is a potentially significant development in the UK has helped shares in Sirius – which commenced 2010 at sub 5p and 2011 at sub 14p – slightly higher to a current 27.75p, capitalising the company at £373 million. The following reviews today’s announcement from the company and the investment proposition here
