Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Minerals Plc LSE:SXX London Ordinary Share GB00B0DG3H29 ORD 0.25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 5.49 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
5.485 5.49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -13.50 -0.27 385
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.49 GBX

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Sirius Minerals Daily Update: Sirius Minerals Plc is listed in the Mining sector of the London Stock Exchange with ticker SXX. The last closing price for Sirius Minerals was 5.49p.
Sirius Minerals Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0p while the 1 year low share price is currently 0p.
There are currently 7,019,377,895 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Sirius Minerals Plc is £385,363,846.44.
the chairman elect: EML LSE:EML Another POTASH play with the old boss of SXX now at the helm.... Notes to Editors Emmerson's primary focus is on developing the Project located in Northern Morocco. The Project has a large JORC Resource Estimate (2012) of 537Mt @ 9.24% K 2 O and significant exploration potential with an accelerated development pathway targeting a low capex, high margin mine. Khemisset is perfectly located to capitalise on the expected growth of African fertiliser consumption whilst also being located on the doorstep of European markets. This unique positioning means the Project will receive a premium netback price compared to existing potash producers. The need to feed the world's rapidly increasing population is driving demand for potash and Emmerson is well placed to benefit from the opportunities this presents. The Feasibility Study released in June 2020 indicated Khemisset has the potential to be among the lowest capital cost development stage potash projects in the world and also, as a result of its location, one of the highest margin projects. This delivered outstanding economics including a post-tax NPV 10 of approximately US$1.4 billion using industry expert, Argus', price forecasts.
mattab: Anglo around the site for months on end before announcement of the low ball - but much needed takeover price. Those close would have known something in the offing... Inside track but maybe not the details. Put CV 19 in the mix also... Better than nowt
graham2405: Another post from LSE ---------- Polygon hold mainly CFD's for their ~10% interest in SXX that means they haven't BOUGHT the shares, merely taken an option to buy them at a price agreed with the owners of those shares. For the privilege of that right to buy they have paid less than 0.1p per share (I think the actual sum in most cases is less than half of that) , SO, they have spent less than half a million pounds to set up their position. If the vote is yes they can exercise their option to buy and clear maybe a penny a share profit, ie maybe £7 mill for a £ 0.5 mill outlay. If the vote is no they lose at worst £0.5 mill.It is a low cost, high return clever strategy(which is why i hold shares in their parent company). -------- This shows a basic lack of understanding on how CFD's work. They are not options to buy, or sell the actual shares. They are not 'Option' contracts. If you open a CFD, it's a contract for difference! Therefore if the share price goes to 0p you will not just lose your stake, you'd lose a multiple of your stake. You lose/or gain the "difference". Hence if it was to rise you could make a multiple of your stake. So in the above scenario Polygon would stand to lose a significant multiple of the 0.1p they may have paid for the CFD. Although CFD's are not normally leveraged/geared as much as the poster has suggested. Also, whilst they may be using the position to push for a better deal from AAL, the likelyhood is that they are not going to vote for admin, as that would be insane. Additionally CFD's do not generally confer voting rights. Just another example of how a lack of knowledge can ruin you.
bigbigdave: Raider Crispin Odey’s threat to lift stake in Sirius Minerals The hedge fund run by Crispin Odey is threatening to raise its stake in Sirius Minerals if the share price slides, deepening doubts about a £405m takeover of the embattled miner by FTSE 100 giant Anglo American. Odey Asset Management has acquired a 1.3% stake at an average price of 4.9p a share and is pushing for an increase in Anglo’s takeover bid from 5.5p to 7p or more. It is poised to up its holding if the share price falls back from its closing price on Friday of 5.2p. Last Wednesday, Odey manager Henry Steel wrote to Anglo and Sirius, saying the current offer did “not represent fair value” for Sirius investors and claiming Anglo “would be willing to bid substantially more” Https://www.thetimes.co.uk/edition/business/raider-crispin-odeys-threat-to-lift-stake-in-sirius-minerals-ftn5dvnft
kenmitch: heaven The answer is NO. The falling share price is because the market is pricing in an increasing chance of small investors voting against the AAL bid. If that happens SXX shareholders will end up with nothing instead of 5.5p. It seems some don't realise that and others are so bitter about it that they are prepared to risk seeing the whole project fail, which would be terrible news for the local economy and the many Sirius workers who would end up losing their jobs. So only buy SXX shares below 5.5p if confident (or willing to gamble) that Sirius investors will vote yes.
cpap man: SXX Anglo American (AAL LN) 2240.5 pence, Mkt Cap £28.2bn Sirius Minerals (SXX LN) 5. 15p, Mkt cap £386.8m - Anglo American agrees to buy Sirius Minerals Anglo American and Sirius Minerals have agreed a recommended offer under which Anglo will acquire the company for 5.5p/share in cash valuing Sirius Minerals at £404.9m. Sirius directors representing 2.46% of the shares have given irrevocable undertakings to accept the offer. As recently as May last year Sirius Minerals shares were trading at over 20p/share and the share price approached 40p/share during the summer of 2018. The possibility of the transaction was initially confirmed by both companies on 8th January and today’s announcement formalises the offer which is being recommended to shareholders by the Board of Sirius Minerals and is expected to be completed by 31st March. Completion of the development of Sirius Minerals’ Woodsmith polyhalite mine in Yorkshire was jeopardised by the inability to complete a $500m bond financing in August last year which triggered a strategic review of the project including an initiative to identify a suitable strategic partner. Acknowledging that some shareholders were likely to be disappointed by this outcome, Sirus Minerals’ Chairman, Russel Scrimshaw, said that the “board deeply regrets that we could not deliver the complete stage two financing in 2019 despite a very broad and thorough process. Going into the strategic review the Sirius Board's strong preference was a solution that allowed current Shareholders to participate as fully as possible in the future development of the Project. Following the strategic review process it is clear that no such options are currently available to us and in that context Anglo American's offer is the only feasible option”. Mr. Scrimshaw went on to explain that “given the current cash constraints of Sirius, and lack of realistic and deliverable alternative financing and development options, we believe this to be a fair approach from Anglo American, a company committed to approaching the Project in the right way, and with the resources to complete the job.” Anglo American’s Chief Executive, Mark Cutifani, pointed out that the “recommended offer provides greater certainty for Sirius' Shareholders, employees and wider stakeholders, while bringing the prospects for the development of this potential Tier 1 Project closer to reality.” Mr. Cutifani also confirmed the intention to “bring Anglo American's financial, technical and product marketing resources and capabilities to the development of the Project, which of course would be expected to unlock a significant and sustained associated employment and economic stimulus for the local area.” Conclusion: Anglo American’s financial, technical and marketing resources should secure the local and regional employment and economic benefits the Woodsmith mine development brings to the area although many shareholders will incur significant losses. SP Angel - Morning notes
holidayfunds8: I did say I would not post again but, hey, we are now into the end-game, so that warrants "special occasion" status. As before, it is very difficult for us non-insiders to know what the background dynamics here are. So it is important to think for yourself, and judge how this may now play out: 1. For those lucky enough to have bought in before Xmas at around 3 pence, the safe option now is the sell and take a substantial profit; 2. But we were told that 'multiple parties' were involved, and we do not know at all much on those multiple parties; but there must now be some chance that a counter-bid will be made; 3. In fact, my feeling is that we needed at least TWO actively competing parties to trigger any deal which would be substantially above the 3.0 - 3.5 pence share price we had late last year; i.e. IF there were ONLY A SINGLE interested player then, as was pointed out repeatedly, they could just wait a while longer and save themselves 5.5 pence per share; So I will continue to hold until at least the 2nd half of Feb, in the hope that we could see an improved offer price. I also notice that there is hardly any mention of the Project Values here in the media or pretty much anywhere else, which feels odd. But reading the RNS put out by AA, it did sound awfully positive about the POLY4 product and the 50% EBITDA margins expected for a long-lasting asset. So the bottom line here is that AA, and possibly one or two other players, do indeed see a substantial Project Value here: - as an upper marker, we could use the numbers put out by Sirius in November - which effectively said $3.1bn of investment, followed by $14.1bn free-cash-flow coming back in = $11bn; some may point out that was based on 13mtpa, and that output could be substantially increased beyond that level in the future, but that is of no real import at this point in the game; - and you might guess that AA would not be getting so directly involved here if they did not sense that they could generate a substantial amount of cash here; - so, you can knock the Project Values around any which way you like; - for example, maybe AA are thinking $3.1bn capital cost, and then getting back maybe $5.1bn in positive cash flow once the mine is up & running = $2bn net, so they think paying $500 million for that flies OK; - but I would not personally invest $3.1bn now, to get $5.1bn back later; my sense is that a balanced & risk weighted view might be for sums of $(3.1)bn now, + $7.1bn coming back later = $4.0bn NET. The above is just me playing around with some big numbers, but the main point here is that: a) AA - and possibly one or two other players - will now have assessed how much cash the whole Sirius mine project can generate over the coming years - maybe they feel the project is a marginal one, maybe they judge they will end up clearing $2bn, or maybe they think a risk-weighted outcome will be much more than that - maybe, say, $4bn; that's still a fraction of the $11bn put out by Sirius themselves; b) As a shareholder, my feeling is that a $4bn project value does not appear foolhardy, and I accept that any bidder will want to keep the bulk of that value for themselves. But - IF there are at least TWO players active here - then my own feeling is that SXX shareholders might expect the secure a slightly bigger slice of that overall $4bn pie. I was 80% sure that buying SXX shares at 3.0 pence was a good idea, but my confidence that we will see a (materially) higher bid is, I'd say, maybe around the 50:50 mark. But that's enough to keep me holding until close to the end of Feb. Anyway, think for yourself, and remember it aint over till it's over.
cpap man: shanew4817 Jan '20 - 20:13 - 241 of 245 Will a definitive date of when the mine will be up and running be possible at some point this year? presumably if finance is due to be raised towards the end of this year then prospective investors/partners will want to be given an idea of when the mine will open before they pledge to invest? Parob18 Jan '20 - 07:39 - 242 of 245 I would have thought they will have a better idea of timelines once the DFS is finalised. We are told this is on schedule for H1. In fact HL said they are ahead of schedule in the most recent interview (from 2 mins, 8 seconds) so I think we are looking at April or May for the DFS news and hopefully timings for production will come with it or soon after. hTTps://www.youtube.com/watch?v=ELoY7BjzUtU Parob18 Jan '20 - 08:11 - 243 of 245 Worth noting that in March 2019 Shard Capital had a share price target of 22p on completion of Feasibility study (see page 10 in this research note): hxxps://www.emmersonplc.com/wp-content/uploads/2019/03/Shard-Capital-EML-21-3-2019.pdf This was BEFORE news on the two additional projects. Preliminary studies on two additional projects: Sale of salt by product and the production of sulphate of potash. Including these projects takes the total attributable NPV10 for Emmerson to over US$1.8bn, with life of mine average annual post tax free cash of around US$300m. And BEFORE the 72% Resource Upgrade news in October: (27/10/19) Emmerson Plc, the Moroccan focused potash development company, is pleased to announce an upgraded JORC compliant Mineral Resource Estimate ("MRE") for its 100% owned Khemisset Potash Project in Northern Morocco ("Khemisset" or "the Project"), delivering a 72% increase in total resource to 537 million tonnes ("Mt") of potash with an average grade of 9.24% K(2) O. To view the press release with the illustrative diagrams please use the following link: hTTps://www.rns-pdf.londonstockexchange.com/rns/2426R_1-2019-10-27.pdf mad foetus18 Jan '20 - 08:36 - 244 of 245 Also remember that EML is eligible for government subsidies that reduce project cost by 10%. Parob18 Jan '20 - 08:42 - 245 of 245 Yep that’s right MF, that news came out in December, again after those share price targets were released in March when Shard had a target of 106p on first production. Would love to know what that’s gone up to following all these developments.
kreature: Why wouldn’t AA lower their ‘discussion217; to say 1p? They could probably name their price, and the share price would probably follow. The current share price feels highly artificial to me. Isn’t the current share price only built on a ‘maybe’ ?
11_percent: "If I'm right, the extension will play temporary havoc with Sirius share price, but I still think the deal will go through." ===== So.…..could be an opportunity. The extension RNS should see a fall in the share price ..….because, peeps will see it as AA having second thoughts (which their not)……..so, but the bip and get the 5.5p later.
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