Member Info for tuckupp

like a brick wall, i'm off down to the local sports shop and get myself a vaulting pole.

Community update meeting today gave a detailed update on progress at site. Biggest news is woodsmith MTS shaft will be drill and blast and will start in August down about 300m in readiness for TBM. Works starting soon at Lockwood beck site. Local councillors praised Sirius on there quick and professional response to any complaints and there commitment to the local communities. A very positive and informative meeting again well done Sirius

Berenberg has given Sirius Minerals PLC (LON:SXX) a ‘buy’ recommendation while highlighting that the risks attached to a second round project financing are subsiding.

“In our view, the short-term equity story will likely be driven by the company’s ability to secure a second round of financing to fund the development of its Woodsmith mine, along with procurement of various remaining scopes of work on the project,” the European bank’s analysts said in a note.



They added: “In our view, financing is still a key issue for Sirius, but the risks to not securing a second round of financing are subsiding.”

READ: City analysts welcome Sirius Minerals' Redcar port deal

Berenberg’s ‘buy’ comes with a 50p price target which suggests nearly 50% upside to the current price of 33.6p.

Looking further ahead, Berenberg believes the market’s attention will turn increasingly to the launch of PLOY4, the brand name for the polyhalite fertiliser product due to be unearthed from the company’s Yorkshire mine.

“The potential for polyhalite and its future role in the potash market has been a hotly debated topic,” the analysts said.

“Polyhalite is a hydrated sulphate of calcium, potassium and magnesium. The mineral contains four of the key nutrients required for plant growth: 14% potassium, 48% sulphate, 6% magnesium and 17% calcium.”

Berenberg added: “The company aims to market POLY4 as a multi-nutrient fertiliser that could potentially take market share away from current incumbent products, such as muriate of potash (MOP) and sulphate of potash (SOP).

“Independent agronomic studies have shown that POLY4 can compete in terms of yield with these existing products, while also providing farmers with a more cost efficient alternative.”

“The company’s viability as an eventual credible player within the fertiliser industry has been questioned frequently and has often polarised the market.”

no, but keep collecting those parking tickets, good move by you.

if SXX stays around the 33 pence range for much longer, it could get booked for loitering.

I can copy and paste, but when I paste it the blue address it comes out in black and therefore you can't open it, it's like playing pontoon, i'll stick with what I know cheers.

Myosotis, spot on, i'm no wizkid when it comes to technology, thanks

Liberum’s Richard Knights expects a “string of significant announcements” to be made over the next few months, including updates on financing, construction and off-take deals

woodsmith mine

Liberum reckons SXX shares are worth 60p


Analysts at City broker Liberum have been reassured by Sirius Minerals PLC’s (LON:SXX) latest operations update, claiming that the company’s “major value drivers … remain on track”.

In the statement, the FTSE 250 company said it was on target to deliver first polyhalite production from its Woodsmith mine in North Yorkshire in 2021.



READ: Sirius Minerals making “good progress” at Woodsmith

It also confirmed that it still expects to finalise its second and final round of funding by the end of this year, even though there has been a slight delay in receiving commitment letters from banks.

Liberum analyst Richard Knights said they – production and financing – are the two most important things at the moment, but he did note some more work is needed if the financing is to be secured this year.

“To achieve financial close by year-end the company will need to deliver another c.1.3-2.3mln tonnes of offtake before year-end,” he wrote in a note to clients.

That should be doable though, especially given that Sirius said discussions with other possible offtakers were “well advanced”.

Lots of news on the horizon?

Knights reckons “a string of significant announcements” will be made over the next few months, as the company updates on offtake deals and receives bonding letters of commitment from potential lenders.

Also of interest will be the final capex figure – how much the mine is going to cost – which will be known once the procurement of various key items has been finalised.

The figure currently stands at US$2.9bn, but Knights notes that this figure could go up or down, depending on how the negotiations go.

The analyst has the stock as a ‘buy’ with a price target of 60p – almost double the current price of 32.4p.

in for a penny, in for a POND?

update from the M4, stuck in a 6 mile tailback and i'm relaxed in this lovely sunshine.

a lot of carp posted here this morning.

thanks, never been anywhere just sitting in the background getting a little bit older.

GOODBYE.

old age it is roulette, i'm thick as 2 short planks don't know how to do it, but I know this is a great stock to hold, thanks anyway.

sold 116988 shares Thursday at 34.202 to get �40k, now I want the price to hold steady or drop a bit to buy isas for myself and wife Monday when money comes available.

i'm in my early 70s also and hoping we get to �1.50 by 2021 ish. and will be offloading over the coming years, I want to give it to them while i'm still alive, just want to see those happy faces, GL. holding nearly 700.000 shares.

Shares in U.K.-listed Hurricane Energy gushed higher Monday after the firm said it had found the "largest undeveloped (oil) discovery on the U.K. continental shelf". Hurricane Energy said in a market release Monday that the firm has located a kilometer-deep oil column which is believed to connect to an existing field. The discovery is near the Shetland Islands, off the north coast of Scotland.

geseppe has been posting on val satarday night.