Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.32p -1.39% 22.62p 22.66p 22.70p 23.10p 22.54p 22.90p 10,595,675 16:35:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -23.4 -0.9 - 1,009.55

Sirius Minerals Share Discussion Threads

Showing 34801 to 34824 of 34825 messages
Chat Pages: 1393  1392  1391  1390  1389  1388  1387  1386  1385  1384  1383  1382  Older
DateSubjectAuthorDiscuss
18/1/2018
18:07
Great post muckshifter. Are you a groundworks contractor then? Guess you have experience of throwing money down holes if you are! Assuming the weather may have lost them a couple of weeks what do you think the rest might be? Is what they are doing very challenging engineering wise? I was wondering if HS2 and Hinkley will affect them in terms of getting the right people etc? What is the sort of thing that could cause the project to slip badly. Too technically hard say or bad ground? Or simply the scale? Building is difficult! You can't have quality, fast and cheap, one always has to go, it is the building dilemma. You can only ever get two out of those three.
ltcm1
18/1/2018
15:40
Thanks NMRN. Perhaps I should have asked why there are more sellers than buyers. I thought the last Quarterly update was good except for a 2 month delay (minor issue). But the share price has been drifting down for a while. Are investors losing confidence in this project? Problems with offtake deals or stage 2 finance?
jw30
18/1/2018
15:15
jw30, Could it be because there are more sellers than buyers? That is how the market works after all! NMRN
not my real name
18/1/2018
14:57
Why is the share price dropping?
jw30
18/1/2018
13:53
Genuine question: Does the fact that Boulby are switching their attention to Polyhalite have any bearing? Sirius will see increased competition from Boulby now, could a merger be on the cards ? Boulby are already in production after all.
peteship
18/1/2018
13:24
Just read the latest progress update, which I found interesting and about as expected. The initial statement that “the project is on time and budget” has me imagining the “announcerR21; with his fingers crossed behind his back! I suspect this year and next are going to be tough for Sirius and my best guess at an end of year share price would be 18p, after problems become more visible, perhaps in the June update. So, imho, the patience and confidence of long term holders is going to be tested severely, and I hope that two years from now their patience will begin to be rewarded. To me, as a lifelong contractor, there is plenty of evidence of slippage in the update, with a few weasel words to smooth nerves. Long ago, I posted that I thought the Sirius intention to have the two main contractors assume interface risk between them would be a serious problem, and I still think it is, although mention of this is conspicuous by its absence in recent updates. Also, what I perceive as the first couple of “interfaceR21; difficulties are already identified in the update. So, good luck and good patience to holders, I believe in the end you will do OK, but the “pot of gold” might not be quite as big as “you know who” keeps repetitively indicating with his cut and paste posts, and the wait to see light at the end of the tunnel might be protracted. Regards.
muckshifter
18/1/2018
13:19
The banks who all work together on the funding control the business on the basis that covenants are put in place and besides some of the shareholders especiall the OZ lady will sit until she sees returns on her investment. Many muppets on this BB do not understand how finance is put together, how it works and who gets the returns if the project is successful. There was several excellent post made recently and to be blunt the current fair value for SXX is around 23p +/- pence either side. For the ones who use brokers to take a turn all I say is good luck as CHARGES will take their toll and loose capital for you.
anley
18/1/2018
11:48
Figures make it hard to disagree Janekane, Today down from 22.9 to 22.76 = - 0.8% last 5 days down from 24.0 to 22.76 = - 5.5% last month down from 22.9 to 22.76 = - 0.6% last 3 months down from 25.75 to 22.76 = - 11.6% last 6 months down from 31.5 to 22.76 = - 27.7% Doesn't look great but for long term holders........... last 1 year up from 18.0 to 22.76 = + 26.4% last 2 years up from 13.9 to 22.76 = + 63.7% All a question of perspective and timing I guess! Still a holder. NMRN
not my real name
18/1/2018
09:08
This will drop to sub 10p over the next year as punters pull out becouse of the time it needs to mature A good short for savvy investors
janekane
17/1/2018
21:07
dp1umb 17 Jan '18 - 17:53 - 30792 of 30793 0 0 0 Anley what have the banks got to do with it ??? =================== Anley is 110% correct....this is not a mining share but a financial share. The banks, hedge funds and financial engineers have too much too much money to money to make financing nd trading this company to let it get taken over.
11_percent
17/1/2018
21:04
DOW at all time high (close) = 26,115........hope you have dumped SXX and bought the DOW.
11_percent
17/1/2018
17:53
Anley what have the banks got to do with it ???
dp1umb
17/1/2018
17:49
DOW flying again guys........hope you are in. At £1,000 a point I am now a multi millionaire. Now over 26,000.....and heading for 50, 000.....so still lots of time and money to be made. Sell this scam share, SXX....and buy the DOW. NAI, DYOR.
11_percent
17/1/2018
16:48
No way is this business a take-over proposition. The banks and large shareholders would not allow this as they have not "received" any profit from this venture...........when its mature in a few years time - YES - may be the answer. In the meantime this is what I call a share to buy on the dips and we have one at the moment.
anley
17/1/2018
13:58
Ok John the markets all wrong and the shares should be trading at circa £1 point taken.
dp1umb
16/1/2018
19:33
3 ways Sirius Minerals plc could make you rich When I’ve written about Sirius Minerals (LSE: SXX) in the past, I’ve always concluded that the company has enormous potential. It’s flagship North Yorkshire potash project could generate billions in income for the firm, and shareholders should be well rewarded. Here are the three top ways investors are set to profit as the company builds up its operations. Income When the firm’s production hits full scale, I estimate it will be able to book a profit margin of around 400%. This assumption is based on the fact that the company already has many agreements in place with companies around the world to buy its polyhalite at a price of $145 a tonne, hence a gross profit margin of nearly 400% on estimated production costs of $30 a tonne. As I wrote at the beginning of June: “To mine the required 8.1m tonnes, it would cost the company an estimated $243m at the price of $30 per tonne giving an estimated profit before depreciation, admin, interest and tax costs of just under $960m. Over the long term, the company is targeting production of 20m tonnes a year, giving an estimated profit of $2.4bn.” Considering the initial production costs of the mine are estimated at $3bn, it won’t take Sirus long to pay down its debt obligations, move to a net cash position, and look for ways to return cash to investors. Sirius’ current market value is $1.1bn, so if it pays out only 10% of its profit when production is in full swing, investors could be set to receive a dividend yield of around 16% based on today’s prices. Growth potential Even if management does not return cash to investors if Sirius hits the profit target of $2.4bn per annum, the shares are deeply undervalued today. For example, one of the company’s competitors, Potash Corporation of Saskatchewan, currently trades at an EBITDA multiple of 11.3. Placing the same multiple on estimated near-term EBITDA of $960m for Sirius gives a potential market value of $10.8bn, or £8.3bn, 650% above current levels. Takeover candidate As well as the company’s income and growth potential, Sirius also looks to be an excellent takeover candidate. As I’ve already covered throughout this article, shares in Sirus look exceptionally cheap compared to the firm’s long term potential. It’s highly likely that a competitor has spotted this potential already… and even more likely that a competitor will consider a bid now that Sirius has received all the necessary approvals and has started construction. If the firm can produce a profit of $2.4bn in the future, any buyer would be getting a great deal if it made a move today.
johnwise
16/1/2018
16:44
JW, always happy to see a bullish poster, but reality is important, especially for investors new to this. When management say they are on time and budget, they are talking like politicians, never a comforting approach. They have slipped by two months, that was not planned, they will not be on time unless they make that time up, there may well be contingency for slippage but that is another matter as at this early stage further slippages are likely. As for weather issues, it's winter, it's the northeast, it should be part of the project planning timeline.
diesel
16/1/2018
16:12
Sirius Minerals: Construction started last January at the mine and a Teesside processing plant which will create 1,000 direct jobs and potentially 1,500 more in the supply chain. See how field is turning into mine that will support thousands of jobs http://www.gazettelive.co.uk/news/teesside-news/sirius-minerals-see-how-field-14161553
johnwise
16/1/2018
12:59
Security firm 'keen to hear' from new recruits after winning Sirius Minerals work CFB Risk Managament will protect multi-billion pound mine sites http://www.gazettelive.co.uk/news/teesside-news/security-firm-keen-hear-new-14156063
johnwise
16/1/2018
11:27
Nice to see you're still about Spirito
christopher logsdon
16/1/2018
07:44
What a difference a year makes! Check out our time lapse video of work on the service shaft at Woodsmith Mine over the last 12 months. Video https://www.youtube.com/watch?v=Q-YUXixgyJY
johnwise
16/1/2018
07:43
Last week Sirius told investors it was confident that production at the project will start on time and on budget. The quarterly update indicated there had been some delay to excavation of the mine due to the weather in Yorkshire, but Sirius is confident it can make up the time lost. Appointing a contractor to sink the main shaft at the mine is the next key task and all avenues are being explored to ensure this happens as soon as possible and that the impact on the overall construction programme is minimised, said the statement. Woodsmith, in North Yorkshire, is host to an estimated 2.6bn tonnes of fertiliser rich in potassium, calcium and magnesium. Sirius raised US$1.2bn for stage one of the project and is expected to raise a further US$2.6bn this year to fund the build-out of the shafts and a 23-mile tunnel to a terminal on the River Tees.
johnwise
16/1/2018
07:41
What a difference a year makes! Check out our time lapse video of work on the service shaft at Woodsmith Mine over the last 12 months. Video https://www.youtube.com/watch?v=Q-YUXixgyJY
johnwise
16/1/2018
07:41
Last week Sirius told investors it was confident that production at the project will start on time and on budget. The quarterly update indicated there had been some delay to excavation of the mine due to the weather in Yorkshire, but Sirius is confident it can make up the time lost. Appointing a contractor to sink the main shaft at the mine is the next key task and all avenues are being explored to ensure this happens as soon as possible and that the impact on the overall construction programme is minimised, said the statement. Woodsmith, in North Yorkshire, is host to an estimated 2.6bn tonnes of fertiliser rich in potassium, calcium and magnesium. Sirius raised US$1.2bn for stage one of the project and is expected to raise a further US$2.6bn this year to fund the build-out of the shafts and a 23-mile tunnel to a terminal on the River Tees.
johnwise
Chat Pages: 1393  1392  1391  1390  1389  1388  1387  1386  1385  1384  1383  1382  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:31 V: D:20180118 21:59:49