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Author Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Jim MacPherson

Joined: 02/09/2015

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 11/11/2019 16:54:07
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I appreciate the link below may well contain some degree of bias but I often find Motley Fool's analysis rather solidly based.

https://www.fool.co.uk/investing/2019/11/11/does-this-600m-plan-make-sirius-minerals-sxx-shares-a-buy/

Clearly other will have different perspectives so it doesn't mean it's all over yet, but Sirius are in a hole (pun intended)

Jim
IP: 86.149.33.74
derrick man

Joined: 02/01/2014

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 12/11/2019 07:56:30
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Read the last part of this piece - similar conclusions

https://www.telegraph.co.uk/business/2019/11/11/desperate-government-ignoring-risks-selling-british-steel-chinese/
IP: 81.96.123.121
derrick man

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 12/11/2019 08:26:51
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There is a repeated pattern of failed investment in major infrastructure projects, going back to the construction of the canal network in the 1700s; repeated in the “railway mania” of the 1840s and 1850s, and the American transcontinental railroads.

Brunel was a brilliant engineer, but an unmitigated disaster for many of his backers.

TML was ultimately built using funds attracted from minor investors, few of whom ever saw their money again, let alone a return. Cornish mining enriched a few, and impoverished many, and that wasn’t unusual.

Major infrastructure projects have a habit of ending under the control of a later wave of investors, after successive earlier investors bankrupt themselves laying the foundations.
IP: 81.96.123.121
ChrisJC

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Joined: 13/10/2007
Location: Northants

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 12/11/2019 19:29:17
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Like Boulby - I believe the current owners didn't open it in the first place.

Chris.
IP: 94.126.234.198
Jim MacPherson

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 08/01/2020 09:46:43
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A possible lifeline for Sirius,

https://www.proactiveinvestors.co.uk/companies/news/910155/sirius-minerals-in-advanced-talks-over-sale-to-anglo-american-plc-910155.html

But most existing shareholders will, probably, be a bit out of pocket.

Jim
IP: 81.140.232.239
Boy Engineer

Joined: 20/06/2008
Location: Derby

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 08/01/2020 14:19:40
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Another failed investment in a mine, sadly. Still waiting for this one to pay out untold riches:


I fear I may be waiting some time. You would think that they would have been rescued by now. Shocked (The medal reads Rescue 1997).
Never invest what you can’t afford to lose.
IP: 80.189.73.79 Edited: 08/01/2020 15:02:28 by Boy Engineer
somersetminer

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Joined: 19/05/2012
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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 08/01/2020 19:41:53
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Boy Engineer wrote:

Another failed investment in a mine, sadly. Still waiting for this one to pay out untold riches:


I fear I may be waiting some time. You would think that they would have been rescued by now. Shocked (The medal reads Rescue 1997).
Never invest what you can’t afford to lose.


Should have guessed you werent a local! (most) people down here know better than to put any money up for that one, leave to the professional outfits to lose their shirts instead..
IP: 79.69.16.105
John Lawson

Joined: 09/12/2010
Location: Castle Douglas Dumfries & Galloway

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 08/01/2020 20:24:49
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somersetminer wrote:

Boy Engineer wrote:

Another failed investment in a mine, sadly. Still waiting for this one to pay out untold riches:


I fear I may be waiting some time. You would think that they would have been rescued by now. Shocked (The medal reads Rescue 1997).
Never invest what you can’t afford to lose.


Should have guessed you werent a local! (most) people down here know better than to put any money up for that one, leave to the professional outfits to lose their shirts instead..
IP: 94.3.222.73
John Lawson

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Location: Castle Douglas Dumfries & Galloway

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 08/01/2020 20:30:44
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It is good news that one of the world’s largest mining houses is prepared to put money into a U?K. Mining project!
Sadly if their offer price is acceptable then a lot of small investors will lose a lot of their money.
Eg it was trading at around 30p a share several months ago.
After the failure to attract more capital into the project the price fell to around 5p.
So assuming Anglo are thought to be wanting to pay around 7p. Then some investors will lose a lot of hard earned cash!
IP: 94.3.222.73
ttxela

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Joined: 04/09/2007
Location: Cambs

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Construction Phase of 'Woodsmith Mine' Launched by Sirius Minerals
Posted: 10/01/2020 13:29:47
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John Lawson wrote:

It is good news that one of the world’s largest mining houses is prepared to put money into a U?K. Mining project!
Sadly if their offer price is acceptable then a lot of small investors will lose a lot of their money.
Eg it was trading at around 30p a share several months ago.
After the failure to attract more capital into the project the price fell to around 5p.
So assuming Anglo are thought to be wanting to pay around 7p. Then some investors will lose a lot of hard earned cash!


It is of course a great shame if anyone is put into hardship through investing in this but there always seemed (to my relatively inexpert eye) a pretty high degree of investor risk. I've heard there were a lot of small local investors, perhaps wanting more to support the scheme than making a sound judgement on the risk.

I've invested privately in a number of things with similar motivation over the years and lost on every single one. May as well put it on a horse.
IP: 195.171.131.2
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