clued up especially in construction but no expert. See my post below, which suggests 40p dividend and then choose a PE ratio. Of course this needs to be a range. My best summary is that the Sirius documentation pdf on their website looks genuinely balanced IMO. Expedited construction could be production ramping from Q4 2019 but I'm stabbing at my brussel sprouts on that one. 2020 would still be good, but it is too early for that as ducks need lining up first, but that is exactly what BOD… Read More
You could always buy in a couple of hits , buy half then keep the other half of cash as a safety net ,the potential is pretty big here IMO , penny here or there is not to worry about also still under the placing price , After mentioning SXX and sent over some links to a fair size fertilizer company in Vietnam 2 weeks ago they see very interested , they are even looking into shipping costs etc , they also know it will be 4 years plus before going into production .
Check out this article in full in The Motley Fool:
Shares in Sirius Minerals (LSE: SXX) fell by as much as 30% this morning, after the firm said that developing the York Potash mine could cost £2.5bn and take five years to complete. Previous estimates have been for costs of up to £2bn and have projected earlier production dates. However, my impression of today’s Definitive Feasibility Study (DFS) report is that it contains far more good news than bad. Could be worth… Read More
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