Sirius Minerals Share Discussion Threads

[johnwise] 31/7/2018 11:32

Once it gets the second stage finance in the fourth quarter 60-75 pence ( "estimated net present value of 110 pence" )

[thanksamillion] 31/7/2018 11:26

anley

I agree 45-50p by year end, however I suspect a surge above that level between now and then.

[anley] 31/7/2018 11:06

My NY desk tells me that this is now good enough for the bankers and solicitors to get going and produce the last stage of financing documents. Debt and warrents but what % who knows.............now that can be debated if we were given the figures but alas no.

Banks and Pension funds will want a piece of this debt deal so we will have to wait until September for more news.

From 45p to 50p by year end is my forecast as well as stopping all those silly posters who can't get their heads around how simple this final financing will be when the world wants and needs the stuff from SXX.

Enough said............

[baggariddim] 31/7/2018 10:56

Clear path to 40 now

[johnwise] 31/7/2018 10:16

Questor says "Sirius is developing a good track record"

Click on photos to read Directors track record

[johnwise] 31/7/2018 09:56

From Questor at the Sunday Telegraph


Questor says "Production costs are predicted to be roughly $40 a ton and some long-term supply arrangements have been struck at $145 a ton, illustrating the profit potential. Sirius has already won pre-approval from the UK Guarantee Scheme , a government programme that supports infrastructure projects. As the biggest Northern Powerhouse investment, you imagine that politically there would be no problem here. As with all new mining projects, risk remains and the numbers are liable to move around. But Sirius is developing a good track record. The shares still trade at a sharp discount to their estimated net present value of 110 pence This represents an opportunity to dig in.."

[kirtonender9] 31/7/2018 09:47

How much are SXX paying ADM for this binding agent?

[skinny] 31/7/2018 09:25

Liberum Capital Buy 36.44 60.00 - Reiterates

[ialwayswinatmonopoly] 31/7/2018 09:19

Recent advance is nothing more than normal trading activity. 35p has been a top value peak for the masses of traders. When sellers at 35p was outstripped by buyers at that price then it broke the pseudo resistance. A breakthrough of a long term resistance then usually has the opposite effect in that the masses who trade this stock regularly will see it as a bottom and then the price rallies. The trick is predicting the next resistance and I would suggest watching other indicators (short term moving averages and RSI to decide when the surge has blown out)

[asiriusinvestor] 31/7/2018 09:17

Say for example no dilution for stg 2 financing and no hick ups to production. What do you think the share price could be?

[ppvn] 31/7/2018 09:11

GM all,

I've been scratching my head trying to figure out the rationale for this recent move up. Agree that this morning's RNS was a little bit of a non-event, though it is encouraging nonetheless.

I re-listened to Staley's call from 6th March of this year. For the stage 2 progress part he said "we'll also seek to capitalise on a lot of the hard work that was done in 2017 and put another 2mt of supply agreements in place. We think that around 6m to 7m tonnes is the right level for our stage 2 financing (etc etc)..."

I'm beginning to think that sirius might actually have sufficient offtakes in place. We have 5.75mt (or is it 5.7mt, can t remember) - but it's "around 6mt" by my reckoning.

Perhaps I am over thinking this, but I'm beginning to think this movement might be more to do with the RNS from 20th July. Must also remember we are well within our expected range dictated by our CB holders. But very positive and very pleasing to see.

[johnwise] 31/7/2018 09:05

Proactive Investors

Sirius Minerals expands relationship with Archer Daniels

[coolhandfluke] 31/7/2018 08:55

Hi GBI don't see anything wrong with two way trade between customers and supplier, nor do I see it as non competitive. The binder price has to be right otherwise the final price, if not competitive, will affect AM also.

[kkclimber56] 31/7/2018 08:52

I see the usual derampers are up early today

[coldspring] 31/7/2018 08:22

Sirius is a pump and dump......good grief I think I might just have read it all now. Clueless buffoon.

[johnwise] 31/7/2018 08:17

11_percent

time to wise up, you should ask this lady for some advice, she has made a few $$$ with her shrewed investing

[johnwise] 31/7/2018 08:05

Yorkshire Coast Radio News

Sirius Minerals Expands Partnership With American Company

[johnwise] 31/7/2018 08:03

11_percent


what a shame you sold..LOL

[11_percent] 31/7/2018 08:02

But its not going to get the share price moving.......

[not my real name] 31/7/2018 08:01

Next announcement will probably a major strategic partnership with one of the worlds top companies. They're moving to HSBC!

Gheebee. If it gets the share price moving it works for me!

NMRN

[11_percent] 31/7/2018 07:58

mr.oz,

there are no numbers......so does not mean f...all.

[gheebee] 31/7/2018 07:57

This is a grade A pump RNS. Announcing someone you had a deal with has convinced you to buy their product in what looks like a related party deal and very anti competitive. The business of building a plant in UK, perhaps, maybe, is a sop to those who will observe that this deal with the yanks is a sales opportunity lost for British and European manufacturers of binders.

[mr.oz] 31/7/2018 07:56

Read it properly.