Sirius Minerals Share Discussion Threads

[johnwise] 29/11/2016 16:10

Sirius Minerals: Watch how potash will get from from North York Moors to Teesside

Video shows how polyhalite will be mined and ferried to Teesport for shipping to the world

[mbmiah] 29/11/2016 15:55

Let's face it, this is the PI ex 2014 shafting the ii ex 2016

[dusseldorf] 29/11/2016 15:51

deanroberthunt
29 Nov '16 - 15:27 - 24105 of 24108 0 0
so it will halve again putting the mcap less than cash, meaning the mine is worth zero....

I think the point is IMO the 'mine' is worth £0 in current state (non-existent) as its not built and not a mine - it's value will grow, the cash will be worth less than face value as it's already been used e.g. 5% probably lost on transaction fees and lining pockets. It's budgeted to be spent on professional services and equipment - professional services that are used for digging and construction etc.. so will be burnt quickly and for this initial phase probably little tangible return

So, the company may have money for construction etc.. but it's not cash it can use for other activities so it's value is already diminished in the eyes of the investment community - it's converting to tangible and intangible assets as we speak

I don't hold but I intend to buy when the dust has settled

[11_percent] 29/11/2016 15:49

Sub 19 close?

[11_percent] 29/11/2016 15:41

No...overhang is huge.

[tsmith2] 29/11/2016 15:35

Seems like an overhang being worked through/cleared have taken a position

[deanroberthunt] 29/11/2016 15:27

so it will halve again putting the mcap less than cash, meaning the mine is worth zero....

[peteship] 29/11/2016 15:25

I agree with netley Lucas. Some support in the 15/16 region. If not, then we might go down to the 10.5 that we saw in Feb.

Or....may be a quick bounce back above 20p, but it doesn't feel like that will happen.

[celeritas] 29/11/2016 15:23

millse, I wont go into the old Chinese proverb of picking the bottom.

[celeritas] 29/11/2016 15:22

ID, I expect this will do very well long term but seems to be the plaything of the city lately.
This will be a world class mine in a very safe investment friendly part of the world, you would think the mine was due to be built in Sierra Leone the way its performing.

[millse] 29/11/2016 15:22

Markets get manipulated, the one thing to keep in mind is the company has the cash now for stage 1, the company will get on with building the mine, the daily share price is of no consequence to company.
The share price will turn , the problem is picking the bottom?

[11_percent] 29/11/2016 15:20

netley lucas
29 Nov '16 - 14:52 - 24092 of 24099    1   0
This is trending lower, 20 was seen by some as natural support but I think that's wrong, it will be resistance. 15/16 is on s/t.

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Net, tend to agree.

XEL going to zero....complete surprise.

[investment dave] 29/11/2016 15:14

Big why did anyone partake in the placing then? Agreed this has been a fantastic short down from high 40s for me but built up a big long around 21p

[deanroberthunt] 29/11/2016 15:13

do you know how much cash it has.

[millse] 29/11/2016 15:13

ID, hundreds of millions of pound worth of shares have not be forward sold.
Markets can be manipulated, ii's make money both ways

[bigsi2] 29/11/2016 15:11

Still at 4.5 times NAVToo high

[deanroberthunt] 29/11/2016 15:08

so much so called progress and yet lower now that it was in May 15'

[deanroberthunt] 29/11/2016 15:06

unrelenting doods unrelenting....

[netley lucas] 29/11/2016 14:52

This is trending lower, 20 was seen by some as natural support but I think that's wrong, it will be resistance. 15/16 is on s/t.

[11_percent] 29/11/2016 14:42

mr.oz,

XEL is now zero.

[11_percent] 29/11/2016 14:41

millse
29 Nov '16 - 14:40 - 24088 of 24089    0   0
Sometimes you get good opportunities to invest, usually when things look to be at the worst time

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?????????????? translation please.

[11_percent] 29/11/2016 14:41

The SXX AIM scam City is fully populated.

[millse] 29/11/2016 14:40

Sometimes you get good opportunities to invest, usually when things look to be at the worst time