Sirius Minerals Share Discussion Threads

[ppvn] 10/4/2018 11:02

Since there hasn't been much said too recently I thought I'd look back (credit to NMRN here) to see where the options for our CEO lie. Has just over 10.2mm options at an exercise price of 43.7p that expire on 26/9/18. No prizes for guessing where our share price should be by then! Patience, patience.

[hazl] 10/4/2018 09:33

thank you....

[johnwise] 09/4/2018 16:27

Sirius Minerals' CEO joins Prime Minister in China for Brexit trade talks

Read more at:

[hazl] 09/4/2018 15:56

31731 thanks for that John...very enlightening.
After all I believe May took representatives from our different industries,including SXX on a tour to China recently.

[coolhandfluke] 09/4/2018 11:41

Look at Afren Oil, gone. Management corrupt.

[johnwise] 09/4/2018 09:27

Why Sirius Minerals’ share price could continue rising significantly

Over the past three months, the share price of Sirius Minerals (LSE: SXX) has risen over 25% in value. I believe the prospective fertiliser miner’s share price could continue to rocket in the coming months thanks to several potential positive catalysts in the works.

A catalyst looming on the horizon is the group’s long-awaited debt financing agreements that it needs to sign to provide funding for the construction of its North Yorkshire mine. While there has been little news on how discussions with lenders are progressing, we have heard recently that Sirius is seeking up to $2bn in government-backed funding out of the roughly $3bn it needs.

If Sirius management can use the current political environment, where politicians are desperate to invest in the economy post-Brexit and shift funding to northern regions, to strike a favourable deal, investors would surely react warmly.

This would also be true if we continued to see Sirius sign offtake agreements with future customers such as Singaporean agriculture giant Wilmar, among others. The recent string of deals has been important not only for the potential financial payoff they will bring, but also as a sign that customers do view the company’s polyhalite as a potentially useful fertiliser.

Likewise, further good news on the operational front would show the management team is up to the monumental task of not only constructing its huge mine, but doing so roughly on time and on budget.

[phowdo] 09/4/2018 09:07

KP2 - You might want to look into what happened at BZM. Investing in African resource stocks is bad for your wealth.

[johnwise] 09/4/2018 08:45

And since Sirius trades at less than 15% of its NPV, there seems to be scope for a higher valuation.

[johnwise] 09/4/2018 07:54

Why Sirius Minerals’ share price could continue rising significantly

Over the past three months, the share price of Sirius Minerals (LSE: SXX) has risen over 25% in value. I believe the prospective fertiliser miner’s share price could continue to rocket in the coming months thanks to several potential positive catalysts in the works.

A catalyst looming on the horizon is the group’s long-awaited debt financing agreements that it needs to sign to provide funding for the construction of its North Yorkshire mine. While there has been little news on how discussions with lenders are progressing, we have heard recently that Sirius is seeking up to $2bn in government-backed funding out of the roughly $3bn it needs.

If Sirius management can use the current political environment, where politicians are desperate to invest in the economy post-Brexit and shift funding to northern regions, to strike a favourable deal, investors would surely react warmly.

This would also be true if we continued to see Sirius sign offtake agreements with future customers such as Singaporean agriculture giant Wilmar, among others. The recent string of deals has been important not only for the potential financial payoff they will bring, but also as a sign that customers do view the company’s polyhalite as a potentially useful fertiliser.

Likewise, further good news on the operational front would show the management team is up to the monumental task of not only constructing its huge mine, but doing so roughly on time and on budget.

[wheeze] 08/4/2018 08:30

Have made a phantom trade in KP2 investing a quid. Interesting to see the comparison of this with a quids worth of SXX in a years time. I know what my guess would be.

[johnwise] 07/4/2018 21:00

"The Polyhalite seam up to 70 meters thick"

Sirius Minerals - The deposit

[1ror2] 07/4/2018 20:43

Possibly one to watch but I’m not investing in KP2 until the price is sensible. Maybe a couple of pence and I’ll gamble a few hundred pounds.

How thick did they they say their poly seam is?

1ror2

[brad rad] 07/4/2018 16:07

Will check it out thanks for the heads up

[johnwise] 07/4/2018 13:31

"Fans of British mining stock Sirius Minerals (SXX) may be interested in another potash company called Kore Potash (KP2:AIM) which has just listed on the UK stock market."

Potash will be history when Polyhalite comes to the market, Poly4 the future first choice for farmers world wide

[thanksamillion] 07/4/2018 09:17

PPVN,

Spot on.

[coolhandfluke] 07/4/2018 09:14

I can't imagine anyone wanting to put money into the Congo. Well perhaps China. Most of the money wouldn't get anywhere near the project. Gone in backhanders. If it were ever built then they would suffer from resource nationalism.

[ppvn] 07/4/2018 08:31

Thanks Jailbird, not sure what the author is smoking but I'd like to know where I can procure some! Cursory observations:

- MOP is suited for chloride insensitive crops (I.e. not Sirius' target market)
- MOP requires concentration generally in evaporation tanks; I note this leaves Kore with initial cost estimates of $101 / tonne (SXX = $31 from memory)
- Won't even begin to go into the reason for Kore's rebranding from Elemental Minerals; suffice to say it's not usually due to runaway success
- DRC Vs. UK
Sirius really is a different league. There is a reason we are in the FTSE 250 with a >£1bn market cap.

[jailbird] 07/4/2018 00:52

Not sure of posted yet.

Kore Potash to rival Sirius Minerals with ‘world class’ mining project
Fresh on the UK stock market, Kore will soon have to raise a lot of money to build a potash project
Shares5 Apr 2018

Fans of British mining stock Sirius Minerals (SXX) may be interested in another potash company called Kore Potash (KP2:AIM) which has just listed on the UK stock market.

Analysts reckon it has a world class project which is likely to have some of the lowest operating costs in the industry, implying scope to make healthy profit margins if potash prices hold up.

Later this year Kore will have to raise a very large amount of money. Current estimates suggest its Kola project in the Republic of Congo will cost $1.8bn to build.

Chief executive Sean Bennett believes one third of the money will have to be raised from investors, adding up to $600m (£427m). That’s more than four and a half times its current market cap (£90.2m). The remaining $1.2bn will come from debt finance.

‘Our big investors know we have to raise a lot of money once our definitive feasibility study is out at the end of the second quarter or in the third quarter this year,’ explains Bennett. ‘They wouldn’t have backed us if they weren’t willing to help with the costs of the mine build.’

Kore (when known as Elemental Minerals) received a $123m takeover offer from Asian investor Dingyi Group in 2013 but the deal fell through for technical reasons linked to red tape around a stock market listing in Hong Kong.

Dingyi now owns 8.82% of Kore and is the fourth largest shareholder. Other big investors include SGRF (Oman’s state general reserve fund) at 19.06%, Chile lithium producer SQM at 17.55%, and Harlequin Investments at 12.55%.

Bennett says Kore will look to switch listings from AIM to London’s Main Market when it raises money for the mine build, similar to the route followed by Sirius Minerals.

He hopes to start construction next year and begin production in 2022, meaning it is just behind Sirius which is already building and eyeing a 2021 start-up for its potash project in Yorkshire.

Kore has an advantageous position thanks to its ore body being relatively shallow compared to many potash mines at 190m to 340m deep. In comparison, Sirius is sinking a shaft to a depth of 1,500m.

Kore will produce MOP which is the most common potassium source used in agriculture, accounting for approximately 95% of all potash fertilisers used worldwide. Sirius plans to produce polyhalite which has an unproven market.

Kore is at a disadvantage to Sirius from a financing perspective. The latter has already raised its mine money and arguably operates in a lower risk geography from an investment perspective.

The pair could soon be joined on the London stock market by another potash miner, Danakali. It has a joint venture in Eritrea on the Colluli project which could start production in 2020 via open pit mining. (DC)

[ppvn] 06/4/2018 21:54

I was waiting to see if 11% had received any more technical wizardry but alas we seem to have been left hanging. Perhaps this article may help (and a look at today's closing levels). hxxps://www.investopedia.com/terms/g/goldencross.asp

[ppvn] 06/4/2018 17:05

Interestingly small number post close. I guess "the others" are seeing the current share price as undervalued at this point too. We shall see.

[not my real name] 06/4/2018 14:38

chrisatbirdies,

Conversions do not affect the share price in any way unless they are converted and subsequently sold.

NMRN

[chrisatbirdies] 06/4/2018 07:17

Would be good to know if there has been a few conversions and the share price has held on to 30p.thats progress