York Potash land acquisition

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to confirm that its subsidiary York Potash Ltd has completed the purchase of Dove's Nest Farm ("the farm"), near Sneaton, Whitby.

The farm is the site of the proposed shafts and sub-surface processing buildings for the York Potash Project (the "Project"). The completed sale totals approximately 100 acres of freehold ownership and includes farm buildings, the farmhouse and three separate holiday accommodation units. The sale has been completed on fair market terms.

The farm will remain occupied and operational in advance of the approvals process being completed for the Project.

Chris Fraser, Managing Director and CEO of Sirius said:

"There is no greater evidence of our determination to achieve the approval and completion of this project than our purchase of Dove's Nest farm, the proposed location of the mine."

Now 7.3p. Others suggesting that should the 6p level be breached, 2p would be the next support. Tom Winnifrith (Monday 4 November 2013) describes it as an 'equity drawdown death spiral'. Not many serious supporters of the stock that I can find atm.

Yes - well and truly in the bottom drawer!

Harry, I am still watching for the right moment to make a speculative buy on this one.
The only trouble is deciding at what level it is right to get onboard.
Looking at the chart 8p was a support level but that has gone this morning.
Next level looks like just above 6p and if that goes then you are right the 2p level looks likely.
On second thoughts, maybe I should look for a better play. (;-))
TT

And PS
Skinny has a shedload of these (in his bottom drawer) since I asked him whether he had gone long on it some time ago.

This company (OSTARA) were covered - or more accurately - what they do - on the BBC news this morning.

It looks quite interesting, but at 1st glance, I can't find an easy way to invest.

On edit :- here is the BBC snippet and another .

TT :-)

Let's face it waiting until the latter half of next year is like an eternity in the current economic climate.

skin OSTARA appears to be financed by Grosvenor Estate (Duke of Westminster) and two London based investment firms.

Halifax - yes - I realise that.

It appears to a Canadian private company, so I'll just keep an eye on it as I'm not averse to investing 'over there'.

blimey - I seriously hope folks aren't caught in here - the bod have made a real pigs ear of such a fantastic prospect so far

this is going to be sub 5p soon with nothing happening till 6 to 10 months away imo

I expect there will be a time for getting back in, but of course the $64 k question is when.

And it continues south sharply this morning with a slight bounce.
Now 6.75/6.85

From one of my earlier posts....

Lets also remember that Polyhalite as a potash fertiliser its very low grade due to its relatively low potassium component

A report prepared in April by Integer Research for AMEC said the main value of polyhalite would come from its potassium content, despite the existence of other nutrients, which it said would be seen by most buyers as "worthless bulk".

"Either you accept Chris Fraser's proposition that this is a product whose time has come and that the world now needs sulphur and magnesium, or it's a fantasy," said Freeman.

The only company in the world currently mining polyhalite is Cleveland Potash, a subsidiary of Israel Chemicals Ltd. Its mine lies 11 miles north of Sirius's planned site but sits just outside the North York Moors' boundary.

Last year it mined just 50,000 tonnes of the mineral, a hundredth of what Sirius intends to produce annually.

Jefferies International Underperform 6.40 6.40 9.00 9.00 Reiterates

.

A nice healthy rise today, though 20+%

Looking better on strong volume.

Is this just a bit of a bounce, or has the worm started to turn ? I would guess at the former rather than the latter, as we are still about 9 months off the approval date.

Any other views ?

Ask Time Traveller! :-)

I don't know this person. Who be he, or she ?

Found him !!