Sirius Minerals Share Discussion Threads

[noramping] 16/5/2017 14:56

Volume well down on yesterday.

[christopher logsdon] 16/5/2017 14:50

Would like it to close about 60p long

[hazl] 16/5/2017 14:32

Well I suggest the flurry of news.......from many different sources...
Proactive,Moneyweek,Motley Fool, has been instrumental in bringing new investors and therefore new volume ranges,I imagine.
Fresh information,changes the nature of a company and it becomes a different animal as it were.

Those articles and the large investments put down by the funds gave me reason to reinvest as it seemed less of a risk and much more viable going forward.

I see no reason why SXX share-price shouldn't follow suit as more investors understand the reasoning behind the strategy here.

Good luck folks.

[noramping] 16/5/2017 10:02

Some people want to invest for a week or so and return 25%, then move on.
Do your research on sxx and look at previous trading ranges, 26 is very good coming from 17/18 etc.
Long term holders of sxx should have already done well and the potential is there for it to do very well going forward, but we have a long way to go.

[hazl] 16/5/2017 09:47

Well I don't know about magic........I can think of some better ones lol.

[spirito] 16/5/2017 09:43

26p is the magic number currently.

[ch1rp] 16/5/2017 08:25

A labour of love, community and extreme busyness. What's not to like and admire?

[johnwise] 16/5/2017 07:55

First train arrives for £2.4bn Sirius Minerals project


The Northern Echo

Third-generation distribution company welcomes first train of materials for work on polyhalite mine


"A THIRD-GENERATION distribution firm is helping bosses behind a landmark 1,000-job mining development ramp up construction.

AV Dawson has welcomed the first freight train carrying materials for Sirius Minerals’ £2.4bn York Potash project.

Bosses say the train brought aggregates to AV Dawson’s Middlesbrough base, on the banks of the River Tees, which were unloaded and moved by road to Sirius’ mine site, near Whitby.

Sirius’ development, known as the Woodsmith Mine, is expected to create more than 1,000 direct jobs and support a similar number in the supply chain when it begins operations.

It aims to extract the fertiliser polyhalite, which is reputed for its potassium, magnesium, sulphur and calcium content that encourages strong crop growth, with production planned to get underway in late 2021.

The work is a further boon for AV Dawson, which was founded in 1938 when Vernie and Eleanor Dawson spent £50 for horse Dina, her shoes and a cart to deliver coal.

More recently, officials have spent millions to strengthen operations, which has included a £2.6m investment in a rail terminal to make it a more attractive proposition for customers.

Neil McShane, rail manager, said its Sirius partnership was evidence of its enduring reputation and commitment to growth, which also saw the business create jobs and build a £3.4m deepwater quay to service larger vessels.

He added: “Hundreds of thousands of tonnes of aggregates are needed for a project of this size and we’ve been in discussions with the various teams involved for a while.

“It’s really exciting to see this first train bringing aggregates into our rail terminal.

“We’re on hand to support the project in a number of ways, including rail and road haulage, importing material through our quayside and also providing a stockpiling facility to allow Sirius to better manage supplies.”

Sirius last week confirmed formal construction has now started on its mine after weeks of preparatory work, which has included road improvements.

Earlier this year, The Northern Echo revealed the business, which has switched to the London Stock Exchange’s Main Market from the AIM Market to raise its international status, aims to start drilling mine shafts this summer, with work earmarked to begin between July and September.

The firm, which already has a stock of supply agreements in place, including a deal with a US-based firm to annually dispatch 1.5 million tonnes for at least seven years, is also speaking to potential new clients, with crop trials having started in North America, Brazil, China, Africa and Asia.

Sirius will move its polyhalite underground on a transport system to Wilton, near Redcar, where it will be stored before being delivered to customers from a new harbour."

[johnwise] 16/5/2017 07:49

First train arrives for £2.4bn Sirius Minerals project


The Northern Echo


"A THIRD-GENERATION distribution firm is helping bosses behind a landmark 1,000-job mining development ramp up construction.


AV Dawson has welcomed the first freight train carrying materials for Sirius Minerals’ £2.4bn York Potash project.

Bosses say the train brought aggregates to AV Dawson’s Middlesbrough base, on the banks of the River Tees, which were unloaded and moved by road to Sirius’ mine site, near Whitby.

Sirius’ development, known as the Woodsmith Mine, is expected to create more than 1,000 direct jobs and support a similar number in the supply chain when it begins operations.

It aims to extract the fertiliser polyhalite, which is reputed for its potassium, magnesium, sulphur and calcium content that encourages strong crop growth, with production planned to get underway in late 2021.

The work is a further boon for AV Dawson, which was founded in 1938 when Vernie and Eleanor Dawson spent £50 for horse Dina, her shoes and a cart to deliver coal.

More recently, officials have spent millions to strengthen operations, which has included a £2.6m investment in a rail terminal to make it a more attractive proposition for customers.

Neil McShane, rail manager, said its Sirius partnership was evidence of its enduring reputation and commitment to growth, which also saw the business create jobs and build a £3.4m deepwater quay to service larger vessels.

He added: “Hundreds of thousands of tonnes of aggregates are needed for a project of this size and we’ve been in discussions with the various teams involved for a while.

“It’s really exciting to see this first train bringing aggregates into our rail terminal.

“We’re on hand to support the project in a number of ways, including rail and road haulage, importing material through our quayside and also providing a stockpiling facility to allow Sirius to better manage supplies.”

Sirius last week confirmed formal construction has now started on its mine after weeks of preparatory work, which has included road improvements.

Earlier this year, The Northern Echo revealed the business, which has switched to the London Stock Exchange’s Main Market from the AIM Market to raise its international status, aims to start drilling mine shafts this summer, with work earmarked to begin between July and September.

The firm, which already has a stock of supply agreements in place, including a deal with a US-based firm to annually dispatch 1.5 million tonnes for at least seven years, is also speaking to potential new clients, with crop trials having started in North America, Brazil, China, Africa and Asia.

Sirius will move its polyhalite underground on a transport system to Wilton, near Redcar, where it will be stored before being delivered to customers from a new harbour."

[not my real name] 16/5/2017 07:43

Muckshifter,

Thanks. I didn't read it properly. Apologies to all.

NMRN

[investment dave] 15/5/2017 18:23

Shortly yes it looks quite probable now

[dp1umb] 15/5/2017 18:17

Not 30p Dave?

[investment dave] 15/5/2017 16:42

Closed very strong expect 26.5pmtomorroe

[11_percent] 15/5/2017 16:16

Looks like today's target was 26.

[richard26] 15/5/2017 16:16

Silly billy....

[carla1] 15/5/2017 16:05

She gonna BLOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW


All ABOARD

[hazl] 15/5/2017 16:03

I think it's trying to break higher.....but what do I know?

[noramping] 15/5/2017 15:58

Looks like some of the new blood rampers are here, my average is below 7p and been invested for a very long time, we currently look like we are in a trading range of about of 24 to 26p which is up from the 18 to 20p range we were in prior to the market move.
I've sold a few today, likely will buy more back if it drops back to 24, however won't be gutted if we keep rising from here.

[hazl] 15/5/2017 15:48

Well my purchase price was nearer 26p than 18 and I am not as disparaging about recent moves as some posters.

This is a big project,on home territory,so not only helps the company's employees themselves,but fits in with the current mantra.

Some are just trades for me,whilst some like SXX have some long-term viability,in my opinion.
Agriculture is likely to be more and more important in the future.
Why else would they have got this first funding tied up from the hedge funds.
Time will tell.

[11_percent] 15/5/2017 15:27

Also, it would have been useful if he had indicated how much of the contingency sum was anticipated to be lost as a result of the pound devaluation.

------

Agreed, they are saying the cost is on track, in £.

It will be well within the contingency, DFs or update...whichever is used.

The build cost for mine went up 10/12%.

---------
When did SXx/CF say this.....I missed it.

[muckshifter] 15/5/2017 15:20

Not My Real Name,
I don't think you've read the comment by Knights, whoever that is, correctly in post 27177. With the pound losing value against the dollar, the Pound cost increases, so that comment was meant to reassure that the cost was still projected to be within the Defined Feasibility Study after the increase in Sterling terms. It would have been helpful if the writer had defined what he meant by "DFS", assuming that was what he was referring to, as the DFS was the original study before the reduction in anticipated cost was announced. Also, it would have been useful if he had indicated how much of the contingency sum was anticipated to be lost as a result of the pound devaluation.
Regards.

[11_percent] 15/5/2017 15:18

Read the BB, I am in at 18.8............just waiting for the top. Of this pump.

[johnwise] 15/5/2017 15:16

26 pence..

11_percent,

How much did you sell for ? Watch your tears don't drop into your coffee