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 .....

I've got one :-)

Not sure I agree with you Mr C. If I were a good few years younger, I would consider this a distinct possibility for good returns in the future. Five or six years is not really a long time to wait to double / treble or more, your money. Even putting some of these into a child trust fund might be a good move. In the short term, for us older investors, I am already in profit and will certainly try and trade a few. They are probably going to hit a few obstacles in development or actual drilling, but at least they will eventually have tangible product which we know will sell on the world market.....at an unknown price, I will concede. They have no problems raising finance so far and management seem to be reasonably competent. Lots of positives and few negatives, imo.

if you hold, then like BOO and FEVR, well and good
in this instance SXX may have a more provable asset than with oil reserves, but just read the article above and no doubt you'll see what i saw

The impatient and none holders always see more negative than the positives ones = bias

Now If I say do not buy any stock with a PE of 30+, they will say I am wrong, but they buy stocks with PE of 50 to 100

For SXX everything depends on hitting the capex and opex numbers and getting the fertilizer market to accept the product.
It looks to me as if the stuff works, so will the share price.

But of course nothing wrong with trading the stock, after all that is what the market is for...... buy low sell high.

Recent comment:
Broker Yuen Low at Shore Capital expects its promotion to give it another leg-up.

As a FTSE 250 company it will attract plenty of tracker funds.

“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.”

obviously those who have had a good look and decided not to buy are almost certainly going to be pretty negative

imo, the patient will wait for at least another year or two before considering investing, albeit keeping the stock on a watchlist

meanwhile, even shore capital say, "we think that the recent sharp rise in the share price is occurring in anticipation” - ie already discounted for the immediate future

for those (almost) determined to buy, it is worth noting that sp has just crept through 200 dma and for better or worse is still al long way south of it's all-time high

Do you remember the heady days of RKH, Mr C? We all got in fairly close to the bottom on anticipation of them striking oil. Given that the oil is in a desolate location and would take many years to get to market, we nevertheless decided to ride the momentum. We pretty much ignored PE's, PEG's, EPS and all the other sensible ways of investing. Imo, SXX is in the same category at the moment.

there have been many such especially on AIM, where we have all been badly gulled and burned

at least the potash reserves are not several 000 metres under the sea, that may then have somewhat disreputable valuations put on them

Do I have to say it at reverse

you'ld have to be bonkers ..... not to buy when it started to turn up with volume from the long bottom low 18p

that's fine if that's what you want to do

certainly you come from a different investment angle from me, and you make no secret that you are generally in/out within a few days or occasionally weeks, dealing on very small margins

clearly it works for you, but i have neither the skill nor patience to devote my time to such
for me, i generally hold stocks, even when trading CFDs for a number of weeks or even months ....... why CFDs? ...... inter alia, there are no time constraints

"This man's not for turning"....(excuse the slight paraphrase)

There is currently a large buyer on the order book, there is an Iceberg ( meaning a large order and placing in 500.000K @ 26.25p every time that the "AT"s takes the total amount another is put in) till the total order is bought.

Currently there is 407K left from the last lot of 500K, earlier a 500Kx2 were taken in one go, it seems it started from early on the day and Institution is building an stake most likely.

Well I thought "C" is going to buy a few millions and would be able to sell my at 26.50p+ but this will not happen it seems so I sold mine at 26.252p, as the Iceberg was slow the last time, meaning not many left and the offer side went well offered with 4.5M

Yes the Indicators have move up to overbought, but could still carry on at this rate while the share price is rising

Also note SXX is no longer an AIM stock.

I would dispute the overbought - 80 RSI does it for me.

Cynic.
You certainly deserve the wooden spoon award for stirring it up! I like a man who sticks to his guns.

other reason's why I sold

Both Indicators RSI and Stochastic reaching overbought
but one very important MACD histogram bars are declining
as is the volume lately
Back on the chart last July/ August there is a resistance 26/28p

my view is only contrary or even provocative if you think a BB is only for ramping (a word i hate)

i'm sure many would decry say FEVR or BOO, both of which i happen to hold

while i confess i would certainly find it hard to justify buying the former at the current levels, that same argument could and indeed was put forward when FEVR was well below half its current price

Well well was I to checky/lucky to sell around the top for the moment being?

Has gone down as low as 24.875p, a few games being played, but order book has gone weak on the bid side after the buyer was filled