Member Info for skier1

Looks like they overexpanded too fast, combined with some creative accounting, and inadequate auditing.

Hope they don't check the Internet search history of that weird FD bloke. He looks well dodge!

To put it another way...

The finance costs at SXX *today* are way higher than expected.

The revenue income at SXX *tomorrow* could well be way lower than expected.

If the mine goes commercially live, just as the world plunges into recession (during the 2019-2021 window), people will cut back on how much food they eat and spend... Less food = less potash.

Costs up + revenue down = 10-15p share price...

As predicted, SXX is in the grip of the bears and inching down, day by day, toward the 10-15p range.

Funding issues, tunnel costs, Brexit uncertainty, and the upcoming global recession just as the mine goes live, are big worries here.

Some solid gold results in there for ECR.

But the overall UK stockmarket has just dropped dead in recent weeks. Almost no stocks (of any kind) are moving. Very bizarre environment at the moment.

Good to see folk selling off and not getting caught in the pump-and-dump here. Investors are finally wising up to the prof's tricks.

Good RNS.

Folk are still worried about the (bad) funding outlook here, as well as the (bad) timing of commercial launch for the potash mine just as the US, UK and World dip back into recession in the 2019-2021 window. The share price could see "death by a thousand cuts" down to the 10-15p range in the coming months, at which point it will become a buy again.

Huge 58p one-off dividend about to be paid here.

Not sure why they have got 24 employees for tiny £1.6m revenue here. Massively overstaffed. They could easily bin 10-15 of those workers and managers and instantly become very profitable overnight. With so few shares available, even the smallest tweaks to staff numbers would send the price through the roof.

Nah, it just says they haven't read up on the pump-and-dump Board ;-)

Yet more good news here.

Looks like it's gonna be flogged off on the cheap.

Central banks piling back into gold in H2 2018.

https://www.dailymail.co.uk/money/investing/article-6247617/Its-global-gold-rush-Worried-central-banks-snap-13-billion-hoard.html

Until all the tunnels are fixed and the funding all sorted, the market will stay bearish on SXX. There could be more tunnel and cash surprises to come, which make this share quite risky.

What's more, the mine is due to finally go live in the early 2020s, which is right when the global economic cycle is on track to begin its downswing. The launch of the mine may well coincide with collapsing global economic demand. Less GDP growth will mean less potash demand than SXX expect.

Not to mention Brexit uncertainty.

And a possible next UK Labour (communist) government who will tax and unionize businesses until they squeal.

And a possible spillover from upcoming fracking hysteria. All mines and drillers could get labelled "evil" or un-green.

In short, the threats of "more tunnels + more funding + recession + Brexit + commie Corbyn + fracking hysteria + green fanatics" mean this one could drift toward 10-15p in the next year.

Lol. One of the biggest scientific papers on plastic ocean waste (used by the BBC) in recent years has just been retracted from Science magazine, due to lies, false studies and inaccurate conclusions. There is a lot of junk science out there.

Wouldn't be surprised if 4p is a typo.

Nobody in their right mind is buying this at a 500-600% premium.

Could quickly see this company coming into fashion on the back of this week's Apple / Amazon / China hack scandal.

Not another social meeja pump-and-dump! Must be the 3rd or 4th one today, after BZM and a few others!

Looks like they're gonna take it private.

Good to see the Dutch move got stopped. This was a.(too) cosy deal between the Dutch CEO and the Dutch PM, who are old school buddies.