Down 10% on the news???

i think you will find some big orders are being filled - dont panic - personally i topped up twice today whilst cheap on this excellent news - sirius is wanted - the mms (market manipulators!!!) doing a grand job filling big orders it will pass - kerrrrchinnngggggggggggggggg!! lol

dont forget york alone esitmated value up to 60p by some...

Sirius Minerals (SXX 18.25p / 132.88m)

The Company has announced the acquisition of York Potash Ltd (a private UK company) and the appointment of York Potashs founder, Chris Fraser, as Managing Director and Chief Executive Officer of Sirius. They also announced the appointment of Andrew Lindsay as Finance Director and Chief Financial Officer of the Company, replacing Jonathan Harrison, who has retired from the Board. The acquisition concerns various agreements to onshore and offshore mineral rights over approximately 600 km2 between the towns of Whitby and Scarborough on the English east coast. Situated in a known high grade potash region with existing operations on an adjacent property, this is established as one of the worlds largest deposits of polyhalite at mineable depths. Polyhalite is a potentially valuable source of Sulphate of Potash (SOP) or potassium sulphate (chemical symbol K2SO4). SOP is a highly sought after premium potash product which trades at a significant premium to conventional potash or Muriate of Potash products. Importantly, SOP does not contain chlorine which limits certain applications of MOP as a fertilizer. As consideration for the acquisition, 150 million new Ordinary Shares of 0.25p each in the Company have been allotted (conditional on AIM admission) to the shareholders of York Potash Ltd in consideration for 100 per cent of the issued share capital of York Potash Ltd which, at the closing price of 16.75 pence per share on 14th January 2011, equates to 25.1 million. While the York project is still at the early stages of exploration and assessment, the Directors believe the potential of the project is significant.

http://www.yorkpotash.co.uk/index.php?option=com_content&view=category&layout=blog&id=1&Itemid=30

Sirius Minerals to explore potash opportunities in North Yorkshire

Sirius acquisition of York Potash Ltd enables detailed exploration which may pave the way for the first new UK potash mine in 40 years

Sirius Minerals plc (Sirius), the UK-based and AIM-listed mining business, has today (Monday 17 January 2011) announced the acquisition of York Potash Ltd, a private UK business that holds interests in substantial mineral rights in the Scarborough to Whitby area of North Yorkshire (the York Potash project).

Sirius is a global expert in potash exploration and development and currently has three other potash projects in Australia and the USA. By acquiring York Potash, Sirius now controls sufficient mineral rights to undertake test drilling and seismic surveys in order to investigate the technical viability for a new potash mine in the North Yorkshire region. Other detailed environmental studies will also be undertaken as part of the process.

Subject to further geological studies and successful exploration testing, it is anticipated that the York Potash project could be the UKs first new potash mine in more than 40 years. The UK is currently only served by the Boulby Mine (also in North Yorkshire) operated by Cleveland Potash Limited. The York Potash project will be financed through direct investment from Sirius.

Subject to successful completion of the exploratory and surveying work, it is anticipated that details will be developed for a suitable extraction point (mine head) with accompanying infrastructure. Planning permissions will then be sought with a view to making the York Potash project operational as soon as is practically possible.

Chris Fraser, Managing Director and CEO of Sirius Minerals plc, said: Demand for potash is undergoing significant growth. Potash is an essential component in the fertilizers that we all rely on for cost effective food production. The York Potash project, subject to successful testing, could become a new and strategically important potash mine for the UK. This will help the UK to meet its own needs, giving it security of supply and, importantly, creating a project of local, regional and national economic significance. Todays announcement is just one step on a longer journey but we are confident that our vision for a high-quality, modern and efficient potash mine in North Yorkshire can be achieved and would deliver an asset of true national importance.

The projects proposed exploration area would extend approximately between Scarborough and Whitby on North Yorkshires east coast. No timetable has been set for submission of a planning permission to develop the mine nor for the intended start of mining operations.

The project has the potential to create up to 5,000 jobs (directly and indirectly). Approximately 1,500 jobs would be created during the development/construction phase and approximately 1,000 jobs during the operational/mineral extraction phase. Additional indirect and induced jobs would also expect to be created in the local and regional economy. Once operational, the York Potash project would be expected to produce agricultural potash for at least 50 years.

York Potash will now also be commencing a communications and stakeholder briefing programme to explain its vision and as part of its commitment to working with stakeholders through the planning process.

Chris Fraser added: The deal between Sirius and York Potash means we can move to the next stage in our vision for a new UK potash mine. Testing and viability are vital and we will now be concentrating on completing the surveys that will inform deliverability. Essentially, we also need to work closely and carefully with our stakeholders and the local community as part of the planning process. Sirius takes its responsibilities to local communities and to the environment extremely seriously and we will be implementing detailed programmes as we look to take things forward.

finally early indications that planning permission will be granted in Yorkshire National Park on the "national interests" ground on the land over which York Potash has secured mineral rights - XCAP, one of SXX's brokers stated in a note published on wed last week that if the planning issues could be satisfactorily resolved, it would put between 68 and 108 pence on the SP?

in addition to the big orders being filled the quality of potash caused some extra panic - i am not worried a minor glitch
gla
http://www.redmayne.co.uk/research/newsView.htm?nID=59850

related....

http://www.build.co.uk/construction_news.asp?newsid=121823

http://www.build.co.uk/construction_news.asp?newsid=121823

blip today - bounce tomorrow? lol

Interesting point - 'planning permission was already granted for these mines, but due 2008, crash, crisis, etc, the mine was not developed. The planning permissions then lapsed.'

--------------------------------------------------------------------------------

from a respected poster.......

'It has certainly been an interesting if not a nail biting day. The RNS was initially received with euphoria but this was tempered with doubts about what the RNS was actually saying and it was a little complicated. The view that the potash found would not be profitable to mine seemed to be accepted and the SP fell with no logic to support the fall. I'm afraid the marker isn't logical or even thoughtful but just reacts. The further falls in the SP were not too surprising.

IF (!) I had sold at 22p and bought back at 17p I could have had a lot more shares or taken out some dosh and kept the same number of shares. Why didn't I do it?

I do keep an eye on the charts and I did notice a few days ago that the SP was jammed up against the top Bollinger line and - with a FTSE share - this would indicate a sell. A Bollinger line is 2 standard deviations away from the mean - hopefully an exponential mean - and this is significant whether it is the top Bollinger or the low Bollinger line. The top line indicates a sell and the bottom line indicates a buy and this is the essence of trading BUT not with AIM shares like Sirius.

On this occasion the Bollinger lines seem to be correct in what they were saying but AIM shares are far too jittery to go with Bollinger lines. I could have sold out this morning and lost heavily on an attempted buy back.

My advice is simple - DON'T try to trade Sirius. Just hold. We have hit a temporary glitch and that is all.'

bit of easy reading - lol

seriously worth a read: http://www.potash1.ca/i/pdf/602-06-43-101-10-12-10-Revised-11-10-10.pdf

http://www.potash1.ca/i/pdf/ExecutiveSummary-Nov-15-2010.pdf

Somebody fell to protect the profits why:

A few signals given in the chart during the last few days.

1 - The 3 Indicators on the chart were at overbought, just like on the middle of December 10, were a large retracement took place.
2 - The marked up this morning created a double top another negative sign.
3 - Volume and rising = BUY,
Volume and falling = SELL

I do not hold

hind sight is brilliant

bought back in

imo you will not regret that tanker - gl

more excellent news - kerrrrchinnnnnnnnnnnnnggggggggggggggggggg!!


Sirius Minerals Plc
By-Product Potential at York Potash Project
RNS Number : 3023B
Sirius Minerals Plc
16 February 2011







For immediate release: 0700hrs, 16 February 2011



Sirius Minerals Plc

("Sirius" or the "Company")



By-Product Potential at the York Potash Project



Further to the announcement of 14 February 2011 in which the Company stated it was analysing the available process routes and the potential value of associated by-products, the Directors of Sirius Minerals Plc (AIM: SXX, OTCQX: SRUXY), the globally diversified potash development group, are pleased to update the market on potential by-product opportunities at its York Potash Project.

One of the key process routes for polyhalite involves the use of anhydrous ammonia to chemically precipitate potassium sulphate. The key by-product produced in that process is Magnesium Hydroxide Mg(OH)2.

The market for Magnesium Hydroxide is developing at a significant rate. In the last five years Magnesium Hydroxide is increasingly being seen as a viable, and in some cases superior, more environmentally sensitive replacement for Caustic Soda (NaOH) within several significant industries. Its key uses include:

Bleaching (Paper Milling): When used in paper making, Mg(OH)2 provides better outcomes (brightness maintained during processing, less pulp loss, cleaner waste water) and reduces the requirements for other bleaching chemicals. A number of paper mills have converted their processes to completely replace caustic soda with Mg(OH)2;

Acid Neutralisation (Water Treatment):When Mg(OH)2 is used for water treatment in place of NaOH, roughly the amount is needed to achieve the same acid neutralisation effect. Furthermore, if Mg(OH)2 is over-applied the pH will not rise much beyond 8 - which is the pH of seawater. If caustic soda is over applied the pH can rise to dangerous levels (12-14); and

Fire Suppression: Mg(OH)2 is an excellent smoke suppressant and flame retardant. At temperatures of over 330 C it decomposes to Magnesium Oxide (MgO) and water. This reaction is endothermic - meaning it absorbs heat, which delays or prevents ignition of flammable substances. The water released also dilutes gases (including oxygen) so also assists in the fire suppression.



Based on the chemical composition of polyhalite and the process chemistry, up to 0.33 tonnes of Magnesium Hydroxide could be produced for each tonne of Sulphate of Potash (SOP). Initial market investigations suggest that Magnesium Hydroxide is currently selling for approximately US$500 per tonne. For the York Potash Project, this pricing could potentially contribute a significant by-product credit to reduce the operating costs of the project.



Significant work is needed to confirm the full extent of the potential that Magnesium Hydroxide represents and this will be carried out as part of the Project development studies and will include:

Detailed process design and metallurgical and chemical testwork to determine the quantum and availability of Magnesium Hydroxide in process and the suitability of that for sale;

Detailed market studies on the structure of the Magnesium Hydroxide and Caustic Soda markets to understand the potential impacts of a major long-term reliable supplier of Magnesium Hydroxide; and

Detailed engineering and design of the York Potash Project to maximise the potential value from potash and potential by-product revenue streams.



Chris Fraser, Managing Director of Sirius, commented:



"We already believe we have one of the world's largest deposits of polyhalite. Now, although it is early days, this exciting development could have a significant positive impact on the potential of the York Potash Project. It also further emphasises Sirius' focus to sustainability and looking to better cleaner ways of doing things."





For further information, please visit the Company's website www.siriusminerals.com or the York Potash Project's website at www.yorkpotash.co.uk. Alternatively please contact:



Sirius Minerals Plc







Chris Fraser
(MD & CEO)
Tel: +44 7582711382 or

+61 404073288
Richard Poulden
(Deputy Chairman)
Tel: +971 504 524 994



Andrew Lindsay

(FD & CFO)
Tel: +44 20 7917 2800

NOMAD
Joint Brokers
Media Enquiries

Beaumont Cornish Limited
XCAP Securities Plc
Daniel Stewart & Company Plc
Gth Media Relations

Roland Cornish
John Grant, Karen Kelly, David Newton
Christopher Theis / Noelle Greenaway
Toby Hall/Christian Pickel

Tel: +44 207 628 3396
Tel: +44 20 7101 7070
Tel: + 44 20 7776 6550
Tel: + 44 20 3103 3903






About Sirius Minerals Plc



Sirius Minerals is a globally diversified potash development company. Its primary focus is to bring on stream major potash mining facilities through the acquisition and development of projects overlying recognised potash deposits. Today it holds properties in the United Kingdom (Yorkshire), North America (North Dakota), and Australia (Queensland and Western Australia).



The Company is additionally progressing ongoing Research and Development initiatives into the secondary uses of salt and potash beds for energy storage and carbon dioxide sequestration.



Incorporated in 2003, Sirius Minerals' shares are traded on the London Stock Exchange's AIM market. Its shares are also traded in North America on the OTCQX through the use of a sponsored ADR facility. Further information on the Company can be found at www.siriusminerals.com.



Glossary of Certain Technical Terms



Anhydrous ammonia
The commonly used commercial name for ammonia (NH3), which emphasises the absence of water in the material.

Caustic soda
Sodium hydroxide (NaOH) or lye.

Evaporite
Is a name for a water-soluble mineral sediment that results from the evaporation from an aqueous solution and has been concentrated by evaporation. There are two types of evaporate deposits, marine which can also be described as ocean deposits, and non-marine which are found in standing bodies of water such as lakes. Evaporites are considered sedimentary rocks.






pH
A measure of acidity or basicity of an aqueous solution. Pure water has a pH of 7.0. Solutions with a lower pH are said to be acidic and with a higher pH are said to be alkaline or basic.

Polyhalite
Is an evaporite mineral, a hydrated sulphate of potassium, calcium and magnesium.

Potash
Any of several compounds containing potassium, especially soluble compounds such as potassium oxide, potassium chloride, and various potassium sulphates. Used chiefly in fertilizers.

Sulphate of Potash
Potassium sulphate (K2SO4).

http://www.scarborougheveningnews.co.uk/news/business/potash_mine_will_unearth_billions_1_3101593

well when i flog me jjb gonna split the proceeds between sxx & rrr - these gonna fly over next 12 mths + imo - sxx will take the longer to come to fruition i am sure but well worth the wait of that i am sure gla

still - LOL
if jjb ends up worth jack i wont need to think for long what to do with it!! but i am quietly confident with jjb - jjb should also bounce at least a little tomorrow assuming normal trading resumed imo

Ready for a bounce?

It looks like, on share price movement, volume and what it looks end of retracement

A good level 2 of 5 v 1 on a spread of 13.25 / 13.50p