Director Dealings and Timing of Chemical Assay Results

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash mining company, were notified today that Scrimshaw Nominees Pty Limited as the trustee of Scrimshaw Family Trust, of which Mr RJ Scrimshaw is a beneficiary, has today purchased 1,000,000 of the Company's 0.25p ordinary shares ("Ordinary Shares") at an average price of 23.65p each. Following this transaction, Mr Scrimshaw has an indirect beneficial interest in 13,500,000 shares representing 1.31% of the Company's issued share capital.

The Company also confirms that the chemical assay results on its first hole at the York Potash Project are due to be received and released to the market next week. The next hole (SM2 at Howlett Hall) is approaching coring depth with the preliminary results expected within a few weeks of coring commencing.

As at the date of this announcement, the Company's issued share capital consists of 1,033,477,755 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company

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That reads very nicely. If only I had more spare cash..........

Mr RJ Scrimshaw - wasn't he in some of Norman Wisdom's films or was that Grimsdale :-)

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Yes I am - I have concerns about long term funding - see the link in post 214 and particularly page 25.

On edit as posts overlapped (I mean still interested - not an old fart) !

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Could be that the bout of profit taking is over, after dropping to 21, now up on the day

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This is the key statement from the lunchtime RNS -

"The Company also confirms that the chemical assay results on its first hole at the York Potash Project are due to be received and released to the market next week. The next hole (SM2 at Howlett Hall) is approaching coring depth with the preliminary results expected within a few weeks of coring commencing."

So we can expect a dramatic move one way or the other.

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Well done to anyone that got in here at or near the days lows - a very nice 40% profit on the day.

Like sitting on Mount Vesuvius

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Both are in the chart ! :-)

Russell Scrimshaw, Chairman, bought 1,000,000 shares in the company on the 23rd November 2011 at a price of 23.65p. The Director now holds 13,500,000 shares.