Bought some this morning as Share price has gone over downtrend line

A good move today on early volume.

Last week report ............

Sirius Minerals is FTSE 250 bound and is already seeing a boost ahead of AIM exit - broker - 04 Apr 2017

Tracker funds will be obliged to take Sirius Minerals shares as the British mine developer is included into main market indices.

Sirius Minerals is progressively moving its project towards to production
Sirius Minerals PLC (LON:SXX) is well positioned to become a FTSE 250 company and there are signs that ‘basket’ investors are already buying in, so says Shore Capital.

The stockbroker today repeated a ‘buy’ recommendation on the British mine developer following last week’s confirmation that it would be moving onto London’s main market from AIM at the end of this month.

“Assuming its market cap remains at around the current level, Sirius should be well positioned to be considered for inclusion in the FTSE 250 index during the June 2017 rebalancing process,” Shore Capital analyst Yuen Low said in a note.

“That said, we note that even inclusion in the All Share index would result in the relevant tracker funds being obligated to invest in the company.

“We believe that Sirius is already benefiting: we think that the recent sharp rise in the share price is occurring in anticipation.”

Low highlights that even though the company’s fertiliser mine, in North Yorkshire, remains in the development phase investments in Sirius Minerals shares will be “progressively derisked” as the project advances, thus investors will “enjoy significant value uplift” along the way.

He also noted recent communications from the company that suggest there may be some new positive developments for the project.

“In any major construction project, keeping to schedule can be tricky – unsurprisingly, this is a common concern voiced by investors that we speak to,” the analyst said.

“We were therefore intrigued to learn from Sirius’s Q1 2017 project update that the company is considering opportunities to ‘accelerate components of the shaft and tunnel spend’.

“In response to a query we made, Sirius explained that it had included in its 2017 budget ‘some activities’ (which we understand to be associated with engineering design) that were originally scheduled for 2018, so that it could exploit any opportunities to get more of these said activities done earlier than previously planned.

“From our point of view, any (significant) work that can be brought forward should have a positive de-risking impact, in that it would hopefully add to the ‘time buffers’ available to cater for potential over-runs.”

Shore Capital models a risked net present value between 65p and 82.5p per share for Sirius, depending upon the nature and make-up of the project’s Phase 2 financing – suggesting very significant upside from the current price of around 21p.

http://www.proactiveinvestors.co.uk/companies/news/175910/sirius-minerals-is-ftse-250-bound-and-is-already-seeing-a-boost-ahead-of-aim-exit-broker-175910.html

Time for a top up I think!

Huge volume today on the BREAKOUT

Kim
I'm on these and topped up early yesterday looking good..

Will get a boost when entering the 250 in June.

Hi Driver, yes there is a good chance they will move to the 250 in June, Tracker Funds will be buying and after the transfer to the main market at the end of this month SXX should be flying higher. Nothing is guaranteed until the well known lady sings though!

200 MA beckons.

I feel a yeeeeehaaa coming on!

another rising day up to 23.875p + 0.675p

very strong on the order book bid side and only 185K left at offer 24p

DEPTH
142 v 62

Here's what needs to happen for Sirius to double

http://www.iii.co.uk/articles/405488/heres-what-needs-happen-sirius-double?utm_campaign=Afternoon%20update%2012/4/17&utm_content=1012526025962&utm_medium=email&utm_source=SmartFocus

RSI looking a tad over bought - and above the 200 MA.

Shake and up again

Those who sold, must be thinking of buying back

Chiny b#ggers

A late push to go over 25p

from 1.2M at offer 25p in 2 minutes was only 212K left

Looking good for next week..

26p +0.75p

after a few days of a pause late yesterday started to move forward again and has followed this morning

Looks fine today.

Goodbye AIM, hello Main Market!

Notification of admission to the Main Market

Further to the announcements previously made by Sirius Minerals Plc (the "Company") on 28 March 2017 and on 25 April 2017 the Company is pleased to confirm that, effective 8.00 am today, its entire ordinary share capital, being 4,164,514,405 ordinary shares, will be admitted to the premium listing segment of the Official List of the UK Listing Authority (the "Official List") and to trading on London Stock Exchange plc's main market ("Main Market") for listed securities (together, "Admission") and trading in the Company's shares on the AIM market of London Stock Exchange plc ("AIM") will be cancelled.

The Company is not raising any funds or issuing any new shares in connection with Admission. No shares have been offered or marketed to the public in the UK or elsewhere in connection with Admission or the publication of the related prospectus. The Company's shares will continue to be registered with their existing ISIN number GB00B0DG3H29 and SEDOL number B0DG3H2. The Company's TIDM code on the London Stock Exchange will continue to be SXX. The share capital of the Company following Admission is 4,164,514,405 shares in aggregate, each with equal voting rights. No shares are held in treasury.

Existing shareholders need take no further action to maintain their existing holdings as this change only affects the platform the ordinary shares are traded on.

Chris Fraser, Managing Director and Chief Executive Officer, said:

"This is another important milestone for the Company as we fulfil our commitment to move to the Main Market. The delivery of our Woodsmith Mine and associated infrastructure continues to proceed in a timely fashion and we look forward to providing further updates in due course."

a recent article .....

developer of the world's largest quality deposit of polyhalite in north Yorkshire. The mineral is a rich source of potassium and is a vital ingredient in fertiliser. Possibly the most enigmatic quoted company in the UK, with a market value of over £1 billion, with no revenues yet in sight, cash of £261 million, burning at£23 million in 2016 reducing to £12 million losses in 2017/18. It might seem hard to make a case to buy, but actively traded daily and considered by two brokers a strong buy, target price 60p equivalent to a £2.5 billion valuation


i recollect that production is not even due to start until 2021, and surely further cash calls before that

imo, you'ld have to be bonkers to throw money at this one .....