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Sell Sirius Minerals: Below 22p Now Risks Sub 15p

By Zak Mir | Sunday 14 April 2013


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.


Giving the benefit of the doubt to mining stocks of any shape and size in the recent past has generally not been a winning strategy, whether on a fundamental or technical basis. This point has been underlined at Sirius Minerals (SXX), whether the fundamentals were undermined in mid February following the revelation that it would delaying a feasibility study on its York Potash development.


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