UK 15:43 Monday, 26 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in Sirius Minerals (SXX) have slipped back sharply since the annnouncement of the DFS for the North York Moors Potash mine. They now trade at 15.5p. But then then a slew of gushing broker buy notes pre the DFS pushed the stock up a lot. I personally would not get too fixated on short term movements.
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Comments
Smeproglytics
Nice piece Tom, a company using AIM for the right reasons, whatever next?
BobbyChariot
Thanks Tom, been waiting for this article since you mentioned it yesterday morning.
Bought into SXX after the DFS delay dip circa 12p and sold the day before the DFS dropped making me feel rather pleased with myself. Upon seeing the usual AIM overreaction yesterday I decided to buy the dip, clearly I didn’t expect it to drop even more but this will be a long term hold methinks.
Finance will be gathered easier than most people think, governments worldwide are practically forcing banks to lend money at these ultra low interest rates to create jobs and growth. If they can manage to withhold from too much dilution (what is the point at the current market cap) and get stage 1 finance then the shares should soar and be a definite bagger into 2017-2018.
This is definitely one to buy and hold.
Thanks.
Marvin
I took a punt on SXX yesterday too. No idea how to value the thing at this stage but it looks too low to me. All depends on how the market cap is viewed as the funding progesses. Vs the dilution of course. Seems to have a lot going for it though.