Sirius Minerals Share Discussion Threads

[carla1] 25/5/2017 22:34

Hola.. Goose.. where to now ??

[11_percent] 25/5/2017 22:31

Sell half at 30.

[divmad] 25/5/2017 21:26

What's so special about 30 Dave?

Last year it went through 30 then 40 then 50 before climaxing.

[11_percent] 25/5/2017 20:04

I know.

30 shortly.....

[11_percent] 25/5/2017 19:59

silence, at last....

[thejoker1] 25/5/2017 19:48

//for how long//the baking//waiting for the cake//

[investment dave] 25/5/2017 19:47

I aim to sell at 30.25p and short slightly higher

[11_percent] 25/5/2017 19:45

30 is baked in.

[not my real name] 25/5/2017 19:12

Hi Dave,

What are you gonna do when they ACTUALLY hit 30p? What will the new target be?

Think big or be a touch conservative?

NMRN

[investment dave] 25/5/2017 18:46

Hopefully hit 30p tomorrow

[johnwise] 25/5/2017 17:21

25 May 2017

Shore Capital stays bullish on Sirius Minerals following site visit, expects FTSE 250 inclusion

Restating his net present value-derived 65-82.5p price target range, Shore Capital analyst Yuen Low outlined a number of potential catalysts for the stock
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[celeritas] 25/5/2017 16:23

Shore Capital stays bullish on Sirius Minerals following site visit, expects FTSE 250 inclusion
Share
10:29 25 May 2017
Restating his net present value-derived 65-82.5p price target range, Shore Capital analyst Yuen Low outlined a number of potential catalysts for the stock

A site visit to Sirius Minerals PLC’s (LON:SXX) polyhalite fertiliser project in North Yorkshire has prompted Shore Capital to restate its ‘buy’ advice and bullish valuation of shares in the mine developer.

Number cruncher Yuen Low said the meet and greet re-affirmed the company’s “positive trajectory”.

Restating his net present value-derived 65-82.5p price target range, Low outlined a number of potential catalysts for the stock, which is currently changing hands for 28p.

READ: Sirius Minerals in detailed offtake discussions as site preparation starts

He believes the company, which has a market capitalisation of just north of £1.1bn, should be included in the FTSE 250 at the next re-shuffle.

“Sirius’s shares broke orbit in the month leading up to the moving of the company’s listing from AIM to the main market,” said Low.

“It would appear to us that the company is enjoying a similar boost during the countdown to the FTSE 250 milestone.”

The fact-finding visit uneathed a number of interesting nuggets about progress on the ground.

“Pain-gainR21; sharing agreement with the contractor sinking the mine shaft

Low said Sirius is negotiating what he described as “pain-gainR21; sharing agreement with the contractor sinking the shaft of the giant polyhalite mine. This would ensure the contractor is rewarded for finishing the job promptly, but penalised if work drags on.

The analyst also said minehead plans could reduce the complexity (and by extension the cost) of the project, while there may also be a low cost-alternative to the building from scratch an export facility on the River Tees.

For the Redcar Bulk Terminal (RBT) may be a viable, ready made option following the closure of the local steelworks.

“The use of RBT would remove/reduce the need to develop port facilities at Sirius’s adjacent greenfield Bran Sands site, in turn lowering tolling rates payable by Sirius (port financing/construction and operations are to be outsourced),” said Low.

“Repositioning of Sirius’s Teesside facilities next to the harbour could result in further savings.”

[investment dave] 25/5/2017 15:29

Firing up all systems go for the launch of discovery Sirius on mission to hit and breach 30p

[dp1umb] 25/5/2017 12:50

I did tell you there is a ceiling at about 28p also a floor at around 23p .

[spirito] 25/5/2017 12:49

it's too hot to have action.

[hazl] 25/5/2017 12:02

Have they got a meeting today John,or did I dream it?

Or is the late June AGM their next meeting?

[investment dave] 25/5/2017 11:54

Bit of a dead day today. Was expecting much more

[spirito] 25/5/2017 10:17

nice to see stability rather than a major fall back.

[johnwise] 25/5/2017 09:20

This article was published before Sirius had obtained full planning permission and secured funding for the project. Sirius has now increased the production target from 10 thousand to 20 thousand tons per year

Peter Kenyon, TunnelTalk

[not my real name] 24/5/2017 22:43

Not the end of June yet Dave. :)

NMRN