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Sirius Minerals Share Price (SXX)



Share Price Information for Sirius Minerals (SXX)


Share Price: 12.50Bid: 12.25Ask: 12.75Change: -0.25 (-1.96%)Faller - Sirius Minerals
Spread: 0.50Spread as %: 4.08%Open: 13.25High: 12.75Low: 12.25Yesterday’s Close: 12.75
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Sirius Minerals Plc Ord 0.25P

Sirius Minerals is listed in the FTSE AIM 100, FTSE AIM All-Share
Sirius Minerals is part of the Mining sector




Intraday Sirius Minerals Share Chart




Share Price SpacerPrice
12.50

Share Price SpacerBid
12.25

Share Price SpacerAsk
12.75

Share Price SpacerChange
-1.96%-0.25

Share Price SpacerVolume
2,765,131

Share Price SpacerOpen
13.25

Share Price SpacerHigh
12.75

Share Price SpacerLow
12.25

Share Price SpacerClose
12.75

Share Price SpacerCurrency
GBX

3 Month Sirius Minerals Share Graph




Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 1,877.53m £234.69m 30,000

52 Week High 17.25 52 Week High Date 30-DEC-2013
52 Week Low 6.06 52 Week Low Date 13-NOV-2013

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
121 1,718,879 1,016,252 -25.000 -0.50 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

29-Aug-14
10:53:29
12.70
24,323
Buy* 
12.25
12.75
3,089
Trade Type:
Ordinary

29-Aug-14
10:53:27
12.70
24,323
Buy* 
12.25
12.75
3,089
Trade Type:
Ordinary

29-Aug-14
10:51:49
12.50
50,000
Sell* 
12.50
12.75
6,250
Trade Type:
Automatic execution


*Buys and Sells are calculated on the difference between the trade price and the current mid price. As such, they can occasionally be incorrect.

View more Sirius Minerals trades >>

Directors Deals for Sirius Minerals (SXX)
Trade DateActionNotifierPriceCurrencyAmountHolding
18-Aug-14Buy
Trade Notifier Information for Sirius Minerals
Christopher N Fraser held the position of Managing Director and CEO at Sirius Minerals at the time of this trade.
 Christopher N Fraser
11.66GBX164,000122628314
18-Aug-14Buy
Trade Notifier Information for Sirius Minerals
Christopher N Fraser held the position of Managing Director and CEO at Sirius Minerals at the time of this trade.
 Christopher N Fraser
11.66GBX178,000122628314
30-May-14Transfer From
Trade Notifier Information for Sirius Minerals
Jason Murray held the position of CFO and Financial Director at Sirius Minerals at the time of this trade.
 Jason Murray
0900,0000
View more Sirius Minerals directors dealings >>

Date/Time
Author
Subject
Share Price
Opinion
Today 10:34
legobrickgirl
IC article cont.
12.50
No Opinion

SIRIUS MINERALS (SXX) ORD PRICE: 12.5p MARKET VALUE: £244m TOUCH: 12.25-12.5p 12-MONTH HIGH: 17p LOW: 6p FWD DIVIDEND YIELD: nil FWD PE RATIO: na NET ASSET VALUE: 7p** NET CASH: £43m Year to 31 Mar Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p) 2012 nil -63.1 -5.6 nil 2013 nil -14.6 -0.6 nil 2014 nil -10.1 -0.5 nil 2015* nil -12.0 -0.3 nil 2016* nil -12.0 -0.3 nil % change - - - - Normal market size: 30,000 Matched bargain trading Beta: 0.58 *WH Ireland forecasts **Includes intangible assets of £93m, or 5p a share All this assumes, of course, that Sirius can actually raise the more than $2.3bn (£1.4bn) needed to build the mine and its associated infrastructure. It had just £48m in the bank as of March and burned through nearly £26m of cash in 2013 alone before financings. Unfortunately, the resource boom is over and banks are no longer lending huge sums of money to small mining outfits. Moreover, the price of potash is in the dumps after a long-established trading cartel disintegrated. So chief executive Chris Fraser has come up with a risky plan to tap into the high-yield junk bond market in America, as he did when he helped Australian iron ore miner Fortescue Metals raise $2.5bn in initial development capital. Nevertheless, Fortescue almost went bust a few years later and had to ask lenders to waive debt covenants after iron ore prices slumped when the company was over-leveraged. A similar structured deal for Sirius comprising debt and equity would see it potentially pay hundreds of millions of dollars in interest payments per year for several years. True, Sirius recently alleviated one of our previous main concerns that it would have trouble selling its product, polyhalite, at a decent price because it is an unconventional type of potash. The company has since penned agreements with multiple blue-chip customers to take up over 5m tonnes of polyhalite when production starts. Pricing terms are unclear, though, and the majority of the deals are non-binding “letters of intent” or “memorandums of understanding”. IC VIEW: Even if Sirius does get its permits and raise the money, the resulting dilution will be enormous; the equity portion of the financing alone could be nearly twice Sirius’ current market capitalisation. So we’re minded to ignore WH Ireland’s risked net asset value estimate of 36.6p a share, which would fall dramatically when using the much higher share count - although the broker wisely only factors in a 30 per cent chance of the project going ahead at the moment. Sell. Last IC view: Sell, 11.8p, 11 March 2014
Today 10:34
legobrickgirl
sorry guys
12.50
No Opinion

Uncertainty dogs Sirius Uncertainty dogs Sirius SHARE TIPS AND UPDATES Sirius Minerals PLC (SXX) SELL HIGH RISK Bull points Offtake agreements in place Upside based on NAV estimates Bear points Extremely difficult permitting process Enormous capital cost Weak potash market Burning through cash It’s been over a year since we simultaneously – and controversially, as it turned out – tipped shares in Sirius Minerals (SXX) as both a ‘buy’ and ‘sell’ in the same week. The strongly contrasting views on Sirius and its York potash project held by our mining two specialists prompted us to try that approach. But following a site visit and a raft of permitting delays, there is now accord that the shares are not worth investing in. One year on, and nothing very much has changed with Sirius. The company is still waiting to receive the approvals needed to build a mine in the North York Moors National Park. In fact, it has yet to even apply for them. Sirius had an application in last year but withdrew it after third-party consultants for the park authority said more environmental studies were required. Last month, Sirius was supposed to re-apply but decided to delay handing in its mining permit application until the end of September, when the company will simultaneously apply to build a roughly 38-km-long mineral transport system underneath the park’s vast tracts of protected moorland. Sirius must also apply separately for a materials handling facility, as well as a berth at a nearby port. Because the sites straddle multiple local authorities, some applications must be made to both the park authority and the Redcar and Cleveland Borough Council, while the port berth is decided by the Planning Inspectorate. Even if this all goes swimmingly, which we doubt, the lengthy permitting and construction timelines mean first production from the mine wouldn’t be for another four years in the best case. It’s a safe bet to assume powerful environmental lobbying groups will raise enough objections along the way to delay the project for several additional years.
Today 10:33
Scotman
Scotmans
12.50
No Opinion

12.75p close in the comp is looking on the cards! My cheeky limit order at 12.25p hasn't gone through yet and doubt it will!
Today 09:15
praty1
Dilution
12.25
No Opinion

the market makers have not reacted badly,3.92 % on dilution of shares. they know a lot more than we do,but i will say again this will go through........
Today 08:53
hope4green
alw51
12.25
No Opinion

I really do hope so, this could be great for the north yorkshire community jobs jobs jobs :-)
Today 08:45
alw51
RE: re issue of shares
12.25
No Opinion

agree with Spikey...all part of the course and market knew about it...a few games to grab shares from those that are unsure of what is happening...I reckon some of these shares have already been sold into market...yesterday and maybe before. A busy period ahead and I am expecting to see SP reflect the enormity of this project soon.

Share prices shown are taken at time of message posting.
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