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Legendary bear raider John Hempton: Sirius Minerals: Financing will be a serious challenge

By Bear Raider John Hempton of Bronte capital | Thursday 2 July 2015


Disclosure: The author has a short position in one or more of the shares mentioned. 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.


Sirius Minerals (SXX) has just received approval for its polyhalite (potash) mine under the North York Moors National Park.
The stock was up about 50% yesterday and the market cap is now about half a billion pounds. Now they have the small matter of financing the mine, building it and operating it to specification. It is a big project. Here is the corporate video:


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