like I said ... no one of any significance stands to suffer so they don't give a **** .... if 'anyone' had any major wonga invested they'd be singing a very different tune ... them and us syndromeYeah 37km tunnel Whitby to teesport,already under way,also a firm on teeside was looking to start up a cable factory to bring electric from Iceland,talking about going to Germany if government doesn't help out
Course it doesn't interest,just a few thousand jobs in another area hard hit by steel and other closures,not like it's a bank or anything?
better now, than after supplying them though Rob and ending up on a creditor listThis is just about typical. I received an email last week to let me know they just needed to get a managers approval and they were going to spend about £15k buying equipment from me.
Think that one might be down the plug hole now.
Problem comes if new investment is the result of new share issue,diluting any current holding to the point there worthlesshttps://www.theconstructionindex.co...vlkqzvkwDd2ijhafeVT3rYM#.XYHsSs8N958.facebook
Reading into it, it could be a sound investment still.... construction is continuing and they are restructuring and planning to deliver it with what they have.
Could be a result in the end!
I'd hazard a guess that they'm seriously ****ed .... if the demand for current supply has dropped so drastically, any new supply is simply going to flood an already shrinking market and prices will plummet, in order to achieve any sales at all, from new sources ... their biz model will have been based on 'today's price' at the time, presumably making the scheme commercially/financially viable .. with current prices, they're probably in the deepest of tish ... hence the position they find themselves in .... a no win situationThe problem for Sirius is apparently down to a drop in global demand for their future product. The material they are after is called Polyhalide. I don’t know specifics but i understand it’s a relatively new to market product which has not been mined much which it has similar uses to Potash but is in some way superior. There is a big Potash mine in Canada which has just been mothballed and a big Potash mine in Russia which has just reduced production from 12m tonnes a year per year to a little over half that.
The local competition to Sirius used to mine Potash but have recently turned their production to Polyhalide but are having problems with their continuous mining machines as it so hard.
Not sure of the significance of all this.