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SXX Sirius Minerals Plc

5.49
0.00 (0.00%)
20 Nov 2024 - Closed
Delayed by 15 minutes
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 0.00% 5.49 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
5.485 5.49
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.49 GBX

Sirius Minerals (SXX) Latest News

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Sirius Minerals (SXX) Discussions and Chat

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Sirius Minerals (SXX) Top Chat Posts

Top Posts
Posted at 23/11/2023 20:53 by original fastjet
Sharesoc halt any further investigation into Sxx sale to AA.
That's the end of that then.
Big boys walk away scott free.
Whatever happened to cf??
Prob sitting in the Caribbean by his private pool 🤔🤔
Posted at 03/7/2023 06:21 by hazl
Thank you John I am incensed by that video.
I feel sorry for the CEO of SXX who worked so hard to keep it and for the people locally who had shares so I understand.
Posted at 19/2/2023 10:32 by skinny
"The FTSE 100 mining giant bought Sirius Minerals in March 2020 for £405 million after the latter failed to raise the finance needed to build the mine. But because most investors bought into Sirius at a much higher price, the rescue deal meant that about 85,000 local investors who ploughed their savings into the company lost everything."
Posted at 19/2/2023 10:30 by bigbigdave
Met a bloke at the pub who told me to invest in SXX.......rule no 1....ignore share tips down the pub :o)
Posted at 01/8/2022 09:56 by skinny
If you want the latest on Woodsmith, have a look at last week's update from AAL
Posted at 04/10/2021 09:36 by hazl
Look how it could have been for us if the Government had supported out little company and not let the Americans buy it on the cheap!
Posted at 19/1/2021 07:51 by 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.
Posted at 23/2/2020 07:14 by 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”
Posted at 20/1/2020 10:52 by 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
Posted at 17/1/2020 12:11 by 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’ ?
Sirius Minerals share price data is direct from the London Stock Exchange

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