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Sirius Minerals Share Price (SXX)



Share Price Information for Sirius Minerals (SXX)


Share Price: 16.75Bid: 16.50Ask: 16.75Change: 0.00 (0.00%)No Movement on Sirius Minerals
Spread: 0.25Spread as %: 1.52%Open: 16.75High: 16.75Low: 16.50Yesterday’s Close: 16.75

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






Share Price SpacerPrice
16.75

Share Price SpacerBid
16.50

Share Price SpacerAsk
16.75

Share Price SpacerChange
0%0.00

Share Price SpacerVolume
1,498,155

Share Price SpacerOpen
16.75

Share Price SpacerHigh
16.75

Share Price SpacerLow
16.50

Share Price SpacerClose
16.75

Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 2,176.28m £364.53m 30,000

52 Week High 29.00 52 Week High Date 1-JUL-2015
52 Week Low 6.60 52 Week Low Date 19-FEB-2015

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
122 598,909 874,246 -33.500 -0.50 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

01-Sep-15
16:56:11
16.7488
45,000
Buy* 
16.50
16.75
7,537
Trade Type:
Ordinary
Bargain conditions apply

01-Sep-15
16:35:05
16.75
34,491
Buy* 
16.50
16.75
5,777
UT 
Trade Type:
Uncrossing Trade

01-Sep-15
16:23:26
16.75
3,957
Buy* 
16.50
16.75
662.80
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
27-Jul-15Notification of Holding
Trade Notifier Information for Sirius Minerals
Elizabeth Noel Harwerth held the position of Non-Executive Director at Sirius Minerals at the time of this trade.
 Elizabeth Noel Harwerth
0013561
27-Jul-15Notification of Holding
Trade Notifier Information for Sirius Minerals
Jane Ann Lodge held the position of Non-Executive Director at Sirius Minerals at the time of this trade.
 Jane Ann Lodge
00100000
08-Apr-15Transfer From
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
0285,714122914028
View more Sirius Minerals directors dealings >>

Date/Time
Author
Subject
Share Price
Opinion
Tue 23:49
Morningsun
RE: Sirius and IC Potash
16.75
No Opinion

Thanks for that analysis GK. Very useful as always. Do I understand your last para correctly that you expect YP to initially focus on taking share from MOP market by a slight premium to MOP (which is at some $310/t) before (at a later stage) going for the SOP market with a slight discount to SOP (which now trades at $800/t) where demand outstrips supply? Surely the first thing traders will do is buy Poly4 at just above MOP price (say $350/t) from the play to the MOP market and sell the product to the SOP market for a 'small discount' say $750/t to get new customers to accept a new product as there is a shortage anyway. That would make you a quick $750/t - $350/t = $400/t profit minus some trade cost and tax deductions wouldn't it? Or is there a specific mechanism in the fertilizer market (apart from just refusing to sell to 'perpetrators') that prevents people from buying from one offer to market and selling it to another market as outlined above. I would expect that if the above trade play occurs there would be very short lived separate market approaches (with only one product from YP) and very quickly YP would have to move into the SOP market to make sure the revenues to come to our coffers instead of the traders.' as one cannot control the markets as OPEC keeps proving. Not a problem in either case (slow or quick movement into the SOP market), just a different perspective on how things might play out I guess and where to make most money form the product and market. I think YOP is best off going for the SOP market directly, even if it was at a (small) discount to SOP prices as it is at a massive uplift from MOP market prices so why waste the great product on a cheaper market. When (if) that SOP market starts to drop in price (depending on demand-supply balance with the new 20m t/a supply added) YP can still always go to the MOP market, if there is product left to sell that is. Go for the high earning market first following the BCG matrix route from Question mark (well, not really) to Stars to Cash Cow. Anyway, that is how I would do it if I was setting the market strategy. We shall see what the YP strategy is when it happens. Guess we can't make them do either way ;-) MS.
Tue 21:42
GaiasKidney
RE: Sirius and IC Potash
16.75
No Opinion

Evening Shylock. You are looking in. Jolly good. Yes, it is concerning that even with SOP so high Ochoa is still not having the $1bn odd build capex offered. Though I also conclude a lot of that might be from the ICP Bod's lack of experience in that area, rather than an all consuming fear by investors to risk any cash on the commod dev sector. The YP proposition I see as advantageously different to what ICP have, in that Sirius are 'dancing in the aisle' with polyhalite. They are neither a MOP play where the price presently is crushed and so therefore for the likes of for instance BHP with Jansen where they are now sitting on what looks like lost money and will so for a long time as they cannot finish the job until MOP is above $500/t. Nor is YP a SOP/SOPM play where large expense on capex is required and few prospects occur in areas where there would not also be severely restraining environmental concerns - all adding to opex - to try and capture a chunk of what is an only a small market. YP poly is between the two. That is a boon and a burden. A burden in that a novel product has to be sold to a naturally sceptical and cautious market. But a boon because the Poly4 product can be very flexibly and profitably priced (from the large gap between opex and expected sales pricing combined with the capability for huge volume - well that's the plan). That means YP can initially primarily concentrate on taking share from the MOP sector at a slight K2O premium to MOP (gained from crop studies showing greater efficiencies from Poly4), but to then move in on the fragile SOP/SOPM sector, where demand at present is far outstripping supply. With that, only minor discounting from the present non chloride K2O prices will take market share. GK.
Tue 20:58
NotEasy
Sums
16.75
No Opinion

Sorry back onto finance. The company has crunched the numbers and done the sums and have identified what target they needed to reach when seeking Phase 1 financing. It's in bold print, page 15 of their July investor presentation: Targeting offtake agreement volumes of 3-4mtpa prior to first financing. The financial background of the management team and the previous understanding of what is needed to secure financing for an emerging commodity producer lends a lot of credence to their sums. From their sums they obviously felt that 3-4mtpa would be enough to satisfy prospective financiers that here would be a return on their investment. They hit 3.1mtpa with the recent North American uplift.
Tue 20:34
NotEasy
RE: Sirius and IC Potash
16.75
No Opinion

Shylock, I researched ICP to death. Go on their website and compare the professionalism between Sirius and ICP and I'm not only on about their presentation skills but how (or not) they have set out their strategy and information to prospective shareholders and the progress(or not) that was made. If you look at when Yara gave them $40m CAD and what they were going to do with it and then look forward from there you will see they spent their money and still had everything to do. As has been said a long, long way from port, 20-30 year life of mine, energy costs for processing to SOP in that location, poor management and an obvious loss of trust with investors as Yara didn't come back to invest more preferring essentially to write down its investment. Your last line, together with the rest of the Sirius team are what have made the difference. Oh and the all the things about this deposit that ICP isn't. ATB NE
Tue 18:59
sheps8
RE: Sirius and IC Potash
16.75
No Opinion

shylock, Sid Hummel is an imposter you should have spoken the Sid Himmel instead ;-)
Tue 18:33
shylock
RE: Sirius and IC Potash
16.75
No Opinion

Good analysis, GK. I remember speaking to Sid Hummel approx 4 years ago just to make sure in my own mind that he wasn't going to revert to a raw poly route to market. He said the economics didn't stack up - and it would shorten his mine life (given the relatively small size of his resource). But it is a concern that he hasn't yet got funding for what appears to be a sound SOP project, almost 18 months after publishing his BFS. And a huge concern for his shareholders that ICP is apparently running up hefty losses while they wait for salvation. Hopefully, SXX shareholders will soon be able to appreciate the real value of having Chris Fraser at the helm.

Share prices shown are taken at time of message posting.
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