19:26 24/05/2012 Re: Raising the $2.7bn
Be interested to hear from somebody more experienced regarding Rathers1's 11.55am post though.
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I am no expert on these matters, but I am very interested in large scale projects like HS2 & nuclear power from an academic standpoint,

From my perspective the main question is as follows; does the UK government view food security and energy security as equally important issues? I personally cannot answer this fundamental question, but I will continue my musings on the basis that the answer is 'yes'.

The UK government was willing to support private companies with the funding of nuclear power, thus supporting private industry. This is obviously against conservative party principles but an exception was made on the basis of 'national importance'. There were many reasons why the companies in question pulled out of the bidding to develop new nuclear power stations,the main reason being the incredibly long lag time between initial development and project fruition. Thus the projects were not economically viable in the medium term.

Now if we were to consider that YP were to take less time, less money (possibly nothing if they were to underwrite a small portion of the funding) whilst ensuring the future security of a vital commodity in the UK then it would be a no brainer for the government to assist YP. IMVHO the arguament of the state not willing to intervene in private enterprise is not valid. Over the last 20 years we have seen the UK government provide 'incentives' for many forms of investment in our country, on the basis of national interest.

IMVHO the UK government may very well see this as a project of national importance due to food security and economic benefit to the UK. Who who's... Maybe the idea of processing abroad was placed within the DSS to force the governments hand?

Either way, the coming months will be fascinating to watch from a political perspective.

Signing off now cause the BBQ awaits

By sheffieldsteeler
18:46 24/05/2012 Re: Raising the $2.7bn
@16p'ish raising such amounts mentioned would indeed be daunting and a drag on the sp.
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This thread is getting a little unrealistic, rasing 2.7bn through a placing won't happen in a million years.

Be interested to hear from somebody more experienced regarding Rathers1's 11.55am post though. By philwad
18:41 24/05/2012 Re: SRN of sorts.
Historically we've had an RNS with new planning apps and a spike in SP that is quickly sold into. Don't forget that not everybody has the same level of information we have here.

Some thing spiked us up 10% yesterday when the FTSE fell sharply, some thing took us down today when the FTSE gained fairly heavily. If it was taking positions for JORC the rise would have continued today or at least held.

IMO and not that it really matters. By philwad
18:39 24/05/2012 Re: Raising the $2.7bn

@16p'ish raising such amounts mentioned would indeed be daunting and a drag on the sp.

Consider a share consolidation - the staus quo is kept and dilution is kept to a minimum - (1 fo 10 or 1 for 20 anyone?) followed by an institutional backed equity raising. Risks?

Cheers

N&S

By niceandsimple
18:24 24/05/2012 Re: SRN of sorts.
I doubt anyone is waging on planning apps for boreholes now! Never much in the way of RNS from these as it's a foregone conclusion it will be granted!
Folks might be taking up positions based on the JORC announcement and general market trends for miners hampering any gains.
Then again, I'm open to correction! By Burghcoup
17:31 24/05/2012 Re: SRN of sorts.
10% rise yesterday as people bought expecting a planning approval RNS today.

6% drop today as they sold towards the end when it never arrived.

Simples By philwad
16:51 24/05/2012 SRN of sorts.
Camp is pleased to inform you that at todays planning meeting two further drill bores were granted permissions....SM7 and SM8.

We are currently drilling SM4 and SM6, no updates are available from the company.

If he knew what was happening to SM5 at Waite Lane he would like to know and report!!!!!

No longer newsworthy, however, more important things are now underway. ;-)

Cheers.

Camp.

© tick-tock tick-tock.

By Campagna
16:09 24/05/2012 AT's
When I look at trading activity all I see are these little computer generated AT trades. Maybe it is the same elsewhere but I have not noticed it.

I sometimes wonder if I am the only person (outside of the BOD) who actually owns any of these and that the SP is just some random number selected by some software program.

Also when are we going to see a properly constructed brokers note that anyone can use in the real world to base their investment decisions upon? By Donetravelling
15:16 24/05/2012 Re: Raising the $2.7bn
New hero and others, I fully agree with your comments, but did find the broker note confusing as to me it made no sense, especially as they were using it to put a value on the shares.

As you say it would be extraordinary and very unlikely in my view for the directors to shaft themselves and us with massive dilution, and in any case the market cap will not be anything like enough to entertain this notion (if only...)

Some mouthwatering possibilities mentioned in this thread.. bring it on! By freedom-thirty5
14:43 24/05/2012 Re: SEN
If ever you needed to get planning permission now would be the time for a definet YES.

Cheers
D21 By denver21
14:07 24/05/2012 SEN
Afternoon All

Sad to see but illustrates the importance the mine could have to the whole area...

SCARBOROUGH is facing a debt crisis with more and more people struggling to make ends meet, new figures reveal.

The town is one of the worst-hit areas in the country for individual insolvencies, with 449 new cases throughout 2011.

This equates to 50 cases per 10,000 adults, with the national average standing at just 27 cases per 10,000 people.

Debt specialist Victoria Bayes, of Scarborough’s Citizen’s Advice Bureau, said the situation in Scarborough was “dire”.

She explained: “Many people are losing their employment, having their hours reduced or struggling to get back into work.

“This has been happening while the cost of rent, petrol, bills and food has been going up.

“There is also the seasonal aspect in Scarborough, which can make things difficult.”

Mrs Bayes believes that official figures for personal insolvencies and bankruptcies are also on the up because people are more prepared to come forward and seek help.

She said: “The psychology of debt has changed. The taboo in coming forward has gone a little bit, so people are more aware of the options available.

“Asking for help does not have the same shame attache as it used to.”

In addition to the rising cost of living, many people in Scarborough could soon see their benefits cut.

Mrs Bayes explained that Local Housing Allowance rates for single people aged 25 to 35 are set to be slashed, from a maximum of £80 to £53.

She said: “This is a poor situation. I understand cuts need to be made, but this will scupper many people’s efforts, especially those on a low income.”

With the situation set to get even tougher, people who find themselves in financial difficulty are being encouraged to seek help soon rather than later.

Mrs Bayes said: “I would encourage people to come in and talk to us. Sometimes we find that people are entitled to benefits they didn’t even know about. There are lots of things that can be done that make a big difference.”

Scarborough Citizen’s Advice Bureau is based at 4 Elders Street. Or call (01723) 368710. Information and advice is provided free of charge.

http://www.scarborougheveningnews.co.uk/news/business/more-people-in-scarborough-going-broke-1-4572575?commentspage=2
GLA Chem By chemistry2
13:34 24/05/2012 Re: Raising the $2.7bn
In the past GOV have given £1 for every £1 fund raised for various prodjects, as they have already given £2.3mil they may do this also as the GOV needs this sort of venture to succeed.

When all is proven who knows ???

__________________

I heard this morning that when costing up the economic value of large scale projects it is estimated that for every £1 spent an extra £3 makes its way back into the real economy. The obvious issue with infrastructure projects is that they take a lot of time to plan and by the time you get the building stage the need for the economic stimulus has dissipated.

However, I see YP at being quite different to the average large scale project.

1, The plans are already being developed and we can start building in the very near future (all being well), unlike something like HS2 or toll roads.

2, The project is HIGHLY unlikely to be a white elephant potash demand will only increase in the future.

3, Most importantly, the government does not have to spend a single penny of this own money. Simply by underwriting a portion of the initial capex (corporate bonds?) it will greatly reduce the cost of borrowing for York Potash.


This combined with the minimal environmental impact of the tunnel system really does make this look like a win-win situation, IMVHO anyway.
By sheffieldsteeler
13:19 24/05/2012 Re: Raising the $2.7bn
In the past GOV have given £1 for every £1 fund raised for various prodjects, as they have already given £2.3mil they may do this also as the GOV needs this sort of venture to succeed.

When all is proven who knows ???

D21 By denver21
13:00 24/05/2012 Buying on the drip
What's with the constant 9607 or 9608 buying off the ask every 4 minutes? By GPback
12:10 24/05/2012 Re: Raising the $2.7bn
Forgive me if I show some ignorance here but if the project is of such national importance (which we believe it is/will be), wouldn't some grant funding/financial support be forthcoming from public coffers? Plenty of potential national economic upside to justify such a move even in these austere times.........employment boost / increase in tax revenues (personal and corporate/ UK self sufficiency with Potash/ plenty of salt for the roads etc.

_________________

This is what I have been thinking for some time now...
Interfering with the economy obviously goes against Conservative ideology, but desperate times call for desperate measures. This may not directly affect us, but emphasis that was placed upon infrastructure at the EU summit last night could (and IMO should) be adopted by the UK government. Whilst it is only one very small step in the right direction I do like the idea of the EU infrastructure bonds:

http://www.govopps.co.uk/eu-agreement-secures-infrastructure-bonds/
If the UK adopted such a plan then York Potash would be a brilliant casestudy on how to encourage economic growth without the government spending a single penny. By sheffieldsteeler