I can only re-iterate my post 251.

30th November 2011:

http://www.stockopedia.co.uk/research/company-update-62345/

http://www.infomine.com/chartsanddata/chartbuilder.aspx?z=f&g=127651&dr=2y

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wonder how the day will end here especially with news due next week?

Looking to breakout (either way) from the pennant?

Any thoughts as to which, skinny? I suppose it depends a bit on which way the market turns after the Eurozone meeting this week?

Well its up 2, so there is the clue.

Not really Harry - I still have the same short term reservations, but pennants can often break spectacularly (RRL) so catching it the right way could prove quite lucrative!

On edit - it wasn't RRL - it was SOLO.

Bit of a deformed pennant now! But holding steady at c28p. Tempted to buy back in on a down day.

Yes - I guess a slow drift now until some new news appears.

Completed Chemical Assay Results for SM1

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Out of auction -7%

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The only negative that I can see is this :-

Drilling Progress Update

Drilling progress at SM2 (Howlett Hall) has been slowed by a series of fluid loss zones which have been encountered as the hole approached commencement of coring depth. Completion of coring is now expected early in January 2012. The top-hole rig has completed its work at both SM3 (Raikes Lane) down to 669m, and SM4 (Gough) down to 747m and is in the process of moving to SM5 (Waite Lane). Sirius remains in discussions with its drilling contractor about securing a second larger coring rig for the York Potash Project. It is currently expected that this rig could be commissioned and on site around the middle of February 2012. This would significantly increase the rate of drilling and core recovery.

Funding ??????


RNS Number : 1045U

Sirius Minerals Plc

16 December 2011

16 December 2011

Sirius Minerals Plc

("Sirius" or the "Company")

Planning Approvals and Drilling Update

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to announce the approval by the North York Moors National Park Authority of three additional planning applications for drill sites for the York Potash Project and to provide an update on drilling at SM2.

Planning Approvals

In a meeting held yesterday in Helmsley, North Yorkshire, the Members of the North York Moors National Park Planning Committee approved three further drill site applications following the Officers' positive recommendation. The three sites are within commercial forestry blocks so will be largely out of view and will have a minimal impact on local communities.

SM2 Drilling Progress Update

Further to the update provided on 13 December 2011, drilling at SM2 (Howlett Hall) has now passed the latest fluid loss zone. The hole is now 1,164m below surface and the rig is currently preparing to insert the last casing. The cementing of the last casing is the final step before coring of the target zones commences.

By way of background, fluid loss zones are a relatively common feature of drilling into these geological sequences and were encountered in SM2 well above the potential mining horizons. The remedies for this situation are to either pump down viscous materials which plug the gaps or the injection of cement to close them. The cementing process requires the drill string to be removed, which adds to the overall drilling time. Sirius encountered some such issues at SM1, but they did not give the same level of delays as experienced at SM2.

Chris Fraser, Managing Director and CEO of Sirius said:

"These additional sites will help us further define the extent of the world class resource that exists in the area. We continue to progress the drilling phase as quickly as possible and while any delays are naturally frustrating they are a normal part of this style of drilling. Importantly, they do not impact the potential or integrity of the deposit or the potential ease of mining."

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returning to realistic levels :-))))))))))))))

Government set to decide potash plan