In auction +19%.

RSI getting a bit 'warm' - could do with some consolidation around 18p.

Trouble is that there seems to be no obvious reason for such a sharp rise, which would indicate that it is purely a trading surge. No doubt you will short it back down again? ;o)

There is obviously some renewed interest over the past couple of weeks (volume), but I'll probably sell some soon - and then leave the rest as a virtually free ride - well that's the plan anyway!

Closed half @16p

In auction again - on the way down this time!

Not too surprising after 150% rise . It will be interesting to see how far they will retreat.

Skinny, Happy New Year to you!
It looks like you'll be able to buy back into SXX at your 9p average again soon.
This share has certainly been marched up the hill and is falling back down with some speed!
TT

And to you too TT - yes it's looking that way!

lots of buying at current level - interesting

Cup & handle?

I thought the two sides of the cup had to be roughly even for that to apply? Might be wrong.

Looks a bit more like it on this chart looking at mid August :-)

York Potash Approvals Update

The Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY) ("Sirius" or the "Company") are pleased to provide an update on the approvals process for the York Potash Project (the "Project").

The Company has entered into a new Planning Performance Agreement ("PPA") with the North York Moors National Park Authority (the "National Park Authority" or "NYMNPA") to secure on-going pre-application engagement with the National Park Authority in advance of the submission of a fresh planning application no later than July.

PPAs are viewed as best practice for significant planning applications. They provide an arrangement whereby the Company can contribute to funding the costs of the NYMNPA in order for it to continue detailed pre-application discussions. These discussions centre on key aspects of the Project such as environmental study methodology and planning policy considerations.

The pre-application funding, which ceases when a planning application is submitted, allows the National Park Authority to ensure its routine work and performance is not affected by this pre-application engagement.

As indicated in the announcement on 23 October 2013, the Company has formally withdrawn its previous application. Submitting a fresh application will simplify existing planning documentation and allow the Company to focus its case around those matters of outstanding concern to the National Park Authority.

Polyhalite Take or Pay Offtake Agreement

§ Fortune 500 US based agri-business signs take or pay polyhalite supply agreement from the York Potash Project
§ Agreement for at least 500,000 tonnes per annum, with option for customer to take up to one million tonnes per annum
§ Total of polyhalite sales commitments now 4.8 million tonnes per annum

Recent Crop Study Results

Mineral Transport System

Mineral Transport System (MTS)

§ Following a detailed engineering review the Company has decided to replace its previously proposed pipeline for transporting polyhalite between the mine and the port with an underground conveyor based system (MTS)
§ Construction disturbance reduced by 70% with no construction in any designated sites and buildings required in the National Park reduced by 70%
§ Significant improvement to project value through operating cost reductions, increased capacity, reduced construction disturbance, reduced risks and additional product options
§ Estimated operating cost reduction of approximately US$10 per tonne (~25% reduction), total project capital cost expected to increase by approximately US$280M (~15% increase)
§ Potential increased Phase 1 capacity to 6.5 mtpa and 13 mtpa in Phase 2
§ Simplified approval process with two local planning authorities to be responsible for determining the vast majority of the Project - no change to expected mine application timing

Updated presentation

With a bit of luck we will have some news re an approval date scheduled to be July at the latest.