Link copied - Green light for £2 billion Sirius Minerals potash mine in North York Moors National Park

Approvals update - Mine permit approval

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

Members of the North York Moors National Park Authority have resolved to grant permission for the Project's mine and mineral transport system planning application subject to the finalisation of the Section 106 Agreement and final wording of conditions. Members made the decision at yesterday's special planning committee meeting.

Chris Fraser, Managing Director and CEO of Sirius, comments:

"This is really just the beginning for the Company - we have made a major step forward and now have a pathway to reaching production and unlocking ever more value for our shareholders.

"We are grateful to the members of the Authority for their positive consideration of the application and we thank our many loyal supporters, investors and customers for their patience in helping us to get to this stage.

"The case for the Project has always been compelling because it will not only generate so many jobs and economic benefits, but also because it is accompanied by such extensive mitigations, safeguards and environmentally sensitive design. We now look forward to delivering it."

The Company will provide a separate update to the market next week which will provide a full status update and detail the next steps and milestones on the way to reaching first production.

The Company's ordinary shares will now recommence trading.

RESTORATION OF TRADING ON AIM

01 Jul 15 Liberum Capital Buy 25.25 29.00 29.00 Reiterates

Blimey!!! Mind you, I suppose a lot of people who were sitting on losses are now back in profit again!

I hold from @7p - so rather happy!

well done skinny - i was out on the last high prior to this - meant to buy back i then forgot to LOL! plenty left here though should hit 50p to £1 longer term with usual troughs in-between of course......................

Thanks - I've just added to 'round up' @23.50p

How is performing on the TA

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The question at the mo seems to be how far down will they go before rebounding? How about 20 p.

Those are the intraday retracement
22.50p is one point
and 20.35p is the other

bought @ 23=50 today note potash mines are a high bid target, this one could also be in the frame. last one I had was in Canada old pals tip.

Think I will wait awhile. Sp should drift imo, until the next news is expected. This is a very long term play as an investment, so the traders have probably got the best strategy.

Quite happy to continue holding for the long haul and possibly add.

Good Volume today.

You wait if you want, I am in since the starting of the bounce

Of course, but you are a day trader, I am not.

It looks like we are on the UP again

re - day trader

you must be reading me on the wrong way
1 day not for sure, a few days maybe, specially now that I am going on Holidays

Link copied -

where are we going from here?

from another place ......

"For those new to SXX, and those who I've seen mentioning financing as a concern, I suggest you do a little research into our BoD. We have the expertise of Chris Catlow to hand. He's walked this road before in bringing Fortescue Minerals from a similar stage to a major player.
He's got great links globally and knows how to raise big money - just what we'll be doing. It's no coincidence he's on the board of directors. Our BoD has brought us to this point and will also take us through the financing in a similar fashion."

SXX win for the PP great news.

However we all know that the financing of such a large project will not happen in the near future IMO. It will take time to raise formal investment and detail then Project plans.

The SP will have a few rallies and T itself up for a great shorting potential in the meantime. The fast cleaver money will either short SXX or be put to proactive use elsewhere.

IMO
DYOR
HAb