(SXX) Sirius Minerals

Does anyone remember those comments from Chris Fraser last year where he teased us about another potential resource in Adavale?

Well, I've taken a punt with XTR who have assets in queensland (+2 billion barrels of shale oil) and been researching into them. Doing my research I came across another company who are also invested in queensland QER (non listed private US company) for it shale and they have a facinating presentation. What I never new was that Queensland has 2.9 trillions barrels of oil shale that can be explored in the same way as the oil sand of alberta. I can hear you ask what this has to do with SXX. If you take a look at the QER presentation from the link below, you'll see on slide 26 that SXX adavale assets sit directly over queensland shale oil basin.

http://www.qer.com.au/index.php?option=com_content&view=article&id=100&Itemid=79

I'm not saying that this is the case, but putting it our here to see what opinion other investors have on this. It might be worth asking Chris to expand on this by asking directly tomorrow.

Yep, thanks Chris.

philwad, on the sofa, Baku, no water (frozen pipes) bog not pleasant, self not pleasant but happy with a lay in. Where's Hyman anyway? Probably waiting to biotch about Sirius at 30p like he was at 10p

Look here every morning
http://www.investegate.co.uk/Index.aspx?sector=AIM&date=20120208

----------

Phil, change your link slightly:
http://www.investegate.co.uk/Index.aspx?sector=AIM

Cheers,
Chrisall

Ooops, must stop forgetting to do this...here is the link...

http://www.whitbygazette.co.uk/news/letters/a_chance_to_work_for_the_young_1_4222198

GLA Chem

Evening All

Just back in and sorry if previously posted but here are some thoughts from the future of NYM:

A chance to work for the young

Published on Tuesday 7 February 2012 14:11

I don’t believe that there is a single person living in Whitby, Scarborough and the surrounding area that would allow a mine or any business for that matter to destroy the national park we live in.

We could instead of blankly rejecting the proposed introduction of this radical new business in the local area push them to innovate new ways to mine with a low impact on the environment, pressure them to resolve the issues the local community have and power Whitby on to the world stage.

What would be purpose of protecting the national park for future generations, if those protected couldn’t enjoy the beauty they bring?

I am currently studying at university with the desire to return having achieved success to work in the area I love living. It seems this development would be a way of allowing local people to stay in the area without adding to the growing number of unemployed. Not only that being given a fighting chance of beating the battle against a constantly over priced housing market.

We have a strong history of industry in the area with a once booming shipping industry in Whitby, allum quarry in Kettleness, iron stone mine in Rosedale and brick works in Grosmont. Over the years this has slowly become diluted but we can once again be a leading force in the global community.

The technology available now opposed to those of the 1970s is incomparable. The impossible is now the possible. We won’t end up having a replica of Boulby, it wouldn’t make rational business sense to build an out dated inefficient mine.

It is now in every businesses interest to become as sustainable as possible. Business and sustainability used to be polar opposites however now they are intrinsically linked and cannot function without each other.

It’s easier for those in a secure position to disregard the needs of those seeking to be in the same place, but don’t forget that to safe guard the same values there need to be young people to pass them onto.

It must be a great feeling knowing that you can enjoy the national parks for the rest of your life; unfortunately I face the seeming inevitability of saying goodbye in search of work a realisation which weighs heavy on my heart.

Adam Smith, Whitby

And some realities which are sadly becoming regular occurrences around GB:

http://www.whitbygazette.co.uk/news/regional/1_000_more_jobs_go_at_lloyds_bank_1_4222032

http://www.whitbygazette.co.uk/news/regional/one_in_seven_shops_empty_in_2011_1_4220640

GLA Chem

FWIW and IMVHO, WTFDIK and all the other acronyms.

I stay away from from well known company names. I look at recent news, the lack of BB activity and whether the company has something other than oil. Oilies are a gamble, generally, and I don't mean GKP, RKH, those have paid off nicely.

Did anybody look at CAP, Clean Air Power?

http://www.iii.co.uk/investment/detail?code=cotn%3ASXX.L&display=discussion&threshold=0&action=detail&id=8955203

Probably not because it's not a well know AIM BB name with a huge message board following. I think it was about 5p when I posted that message. Today its about 17p. In the same message i mentioned GRL which hasn't sparkled yet. No bad news, nothing but good news so far. It will happen.

I'm not ramping, not my MO.

Look here every morning http://www.investegate.co.uk/Index.aspx?sector=AIM&date=20120208

See what catches your eye. RLD caught mine first thing Monday morning. Ever heard of Richland resources?? Course not but it's up 20% since Monday.

Sorry for the O/T but in my limited experience you're well advised to steer clear or anything with a popular BB!

philwad on IIIs 6th most popular board!!

Philwad, thing is, were they apathy buys and apathy sells?

That could make all the difference.

Should be an interesting BB tomorrow morning.

Are we ready clocks?

Ta mac,

i kinda thought that, but as a successful YP would benefit all holders i wondered if there was anything else.

I'd be prepared to do more than i am now - sitting tight (current plan), buyng more when i've got funds.

Also you never know what else he might say - if you don't ask, etc...

I thought he might say PP, or mention it, and there would be things we could do about that.

The 1m was a buy, the 500k and 590k were both sells. IMO

All the 100k block trades at 2p and 1.75p were also sells.

It doesn't mean anything.

Version 10?

No problems ever with firefox and this site, did upgrade itself to V10 today whilst out.

FF best for me (PC and Laptop) - issues i always think are Flash and Java related mostly - i do run Adblock which stops a lot of flash.
does run slow for me sometimes - but i leave 50 tabs open.

hi Div,

This momentum stuff is only a (relative) side line. My major holdings in alphabetical order are BZT, CLEARDEBT, POLO, RAMBLER, SXX, and XTR. Totally agree with you about exit levels. I have sold (becos that is the rigid system for this part of my portfolio ONLY) when a stock is down say 15% on that day. Blow me down it's UP 20% the next! My ultimate choice in WHAT I buy is a visual one from the 1 month chart as to what has the most "legs" (this is a very ill-defined concept, but I kind of know what I am looking for).

As PI's on these boards I have thought for ages that we tend to be fishing from a very narrowly defined pond that is partly created by the popularity of regular posters. I like to stray off-piste.

I would have no idea what my "system" would say about any of those stocks you mention as I tend to press the tabs and have look about once a month, and it's only then that I assess what is randomly thrown up. I stress that this is not an intellectual exercise and is a subset of my total (although not particularly large by some standards) portfolio. Oh actually I forgot to mention. The "system" also dictates that if I do have to sell a share at a loss along the way, any residual funds are re-invested in the best performing share of that tranche up to that day.

FWIW. I know CHAR. I have been in it from time to time. Fantastic prospects. Would seem to be nicely on the upside. I know YELL. Never been in it. Recently looks on the up from a long and terrible fall. Can it change its spots? SQZ never heard of. Connected in some way with CHAR? All 3 have exactly the shape of the chart that I would be looking for.

I do stress that this is an adjunct to my usual stock picking methods. It does allow me to find stocks that have very quiet boards!

I do stress that I am a complete amateur and full-time peasant!

I can answer that for you

Fraser told us funding was the biggest challenge, and as a pi you can help by not selling, because if they don't sell and you don't sell the sp will rise and we can get on the main market

If i get chance i'll ask this tomorrow - but i likely wont get a chance to, so if anyone else wants to - fill your boots, and Thank you.

First part probably covered already - Phils pre QA list / phil97090/someone else will ask. But i genuinely am interested in the second part, not just kissing up.

Chris,

What do you think is the biggest challenge to successful YP?
And is there anything PI's / this board can do to assist with that or in general with making YP a success?


AP (excited)

The other thing i'd like to ask is - got any jobs going - i'd be a very incentivised employee

Hi Andy,

Now I understand a bit better. Momentum systems are all the rage over in the USA, but i rarely see them mentioned over here. Your's is interesting, but I wonder how often the innate volatility of AIM stocks will catch you out on your exit levels, especially if you are buying AFTER a significant run-up, and then ditching a stock that falls 10%. With spreads as they are, that doesn't leave you with much room.

It's also a good idea to diversify sectors as you seem to. I tend to focus too much on resource stocks (probably my Canadian fund management previous life). With the risk on sentiment clearly returning to the market, not only resource stocks, but beaten down financials should do very well in 2012.

If you have a spare moment, I am interested to know what your system says about some stocks I am in that appear to be turning the corner, momentum-wise:

char, sqz, yell.

Hi Div (sounds a bit of a put-down but not intended!!!) Not wishing to sound even more naive than I always am, but what does after-timing mean? If it means giving a tip after the event, then yes I should/could have mentioned before but I don't wish to overdo O/T tips as I want to retain some level of street cred (difficult in these troubled times I know). but I really did spot CAML a little while ago. And this is how I did it.

I have a "momentum portfolio". Around about the middle of each month I press the "Tools Research" tab above. Go to "Sectors". It gives the day % blue or red. But you can choose last month setting. This gives the sectors that have done the best in the last MONTH. I then look through the constituents of the top 2 performing sectors looking for a company that has momentum upwards that still looks like it has "legs" in it. Some companies will have gone up a lot but are already on the way down. I buy £10k of 5 companies on the same day that VISUALLY look like they have "legs". I do NO RESEARCH on them! I dump any that fall to minus 10% of purchase price. I run any that don't need to be dumped by this criterion then sell all but the best at the end of the month. I keep the best until it falls -15% of its highest point during the time I have held. I picked up on Central Asia Metals this way and also Wolf Minerals (tho there was the additional link there that it was mentioned in the local paper when I was visiting my Ma in Plymouth). I have also picked up some really obscure stuff - a paper company called Powerflute or a sensor company called Transense Technologies. I would imagine that this month's possibilities will include 1 or 2 financial companies. The method is completely random but also tapping into recent positive momentum. Seeing that my biggest holding by value is SXX and both the BOD and the focus of the business is completely different from what I bought into, a certain amount of randomness suits me fine.

After you hold something for a bit and its value has increased quite significantly it is only natural that you want to have some idea as to what you have invested in. I have a pretty good idea as to why I am in Wolf. I am just beginning to get to grips with CAML. What a beauty.

Best wishes with all your investment decisions - they can't be anymore whacky than mine!

hez, I reckon if these had been sells, the price would possibly have either stagnated or dropped slightly.

Genius Mac

Hez, the delayed trades look like buses because you wait all day for one then three come along at once

Nope it wasnt me already got mine but hoping to get some spare cash to top up soon lol

Another 500k has just appeared.

8-Feb-12 14:58:11 21.50 500,000 Sell* 21.50-21.75 (107.50k)

8-Feb-12 09:01:22 21.50 1,000,000 Sell* 21.50-21.75 (215.00k)

8-Feb-12 16:37:27 21.47 590,000 Sell* 21.50-21.75 (126.67k)

Sorry, meant buys not bus, alas I have a dodgey "y".

Hi Camp,

What leads you to believe they were bus and not sells??

Genuine question, cheers, Hez

Andy, nice after-timing on CAML.

Declared as sales today........seems like the old days.

Cheers.

Camp.

© tick-tock tick-tock.

I actually bought in MAGP after someone on here highlighted their proximity to our area of work (after their first RNS after floating? )
I did some reasonably quick research and bought at 0.55p

So thanks for the O/T , whoever it was about 3mnths ago. (D+D ??)
Not a bad thread over on ADVFN , until a few P+D merhants came around so I suggest this conversation is now taken somewhere esle?

re: MAGP
Seeing as they are drilling in North Dakota, perhaps they could let us know if they come across any deposits we might be interested in. But then again, unless they are drilling near the border, what we are looking for may not stretch to their drill location.
JayDee

And Wolf are mining at Hemerdon. Almost your stomping ground Andy.

mt

O/T here's 2 then DT: Wolf Minerals and Central Asia Metals. Both come with risks. I am in both

Good find chemistry. Thanks for posting.

mt

I make you right Simmo (especially when it concerns a serial ramper like alltold lol).

However, every dog has its day and do not mind O/T's as often involve companies or situations of which I am unaware. Admittedly most are rubbish - but that is fine too.

p.s just in case any here are invested in MAGP I have no view either way.

So is the ignore button DT

Its up and running now!

nathos

Thanks Chem-
thought i'd oblige and do the c & p for the followers on mobiles etc:

ENVIRONMENT AND ECONOMY SCRUTINY COMMITTEE
At a meeting held on Monday, 30th January, 2012
Present:-
Councillor G W Allanson (Chairman) in the Chair;
Councillors J Armsby, E Broadbent, Mrs D Clegg, M Cooper, S B Green,
Mrs M Harland, Mrs J E Mortimer, J Ritchie, W H Tindall and J Zegstroo
Also present at the invitation of the Chairman
Councillor Andrew Backhouse (Cabinet Member for Technical Services,
Highways and Transport, Environment and Coastal and Flood Defences) for
Item 4
Councillor Mike Cockerill (Cabinet Member for Harbours, Land and Project
Management) for Item 4
Mr Gareth Edmunds (Head of External Affairs – York Potash Project, Sirius
Minerals) for Item 5
Councillor Peter Popple for Item 4
1. DECLARATIONS OF INTEREST
No declarations of interest were received.
2. MINUTES
RESOLVED that the minutes of the meeting held on 28 November 2011 be
approved as a correct record and signed by the Chairman.
3. PUBLIC QUESTION TIME
The Chairman reported that no public questions had been submitted.
4. CALL-IN OF EXECUTIVE DECISION - SCARBOROUGH COASTAL
DEFENCE STRATEGY - SPA OPTIONS APPRAISAL STUDY
The Committee reviewed the Cabinet’s decision dated 13 December 2011 to:
(i) to endorse the selection of Option 4A/C3 and option 6/C3, namely to
improve the foreshore defences by the construction of a moderate height
1.1m wave wall, provision of a rock revetment with a constant crest level
throughout the frontage and a moderate footprint on the beach; and provide
additional cliff stability via a piled array, horizontal drainage and walls/soil
nailing as the basis for further study; and
(ii) to authorise officers to complete the preparation of the business case
based on the selection of Option 4A/C3 and option 6/C3 one of which will be
submitted to the Environment Agency in order to obtain further funding for the
detailed design, licences and consents, planning application, further public
consultation and construction of the scheme.
The decision had been called in for scrutiny pursuant to the Additional
Overview and Scrutiny Committee Procedure Rules (4.6) set out in the
Constitution. Members had before them, for reference, the Cabinet report
(Reference 11/563), the extract minute and the call-in form.
Councillor Popple addressed the Committee in support of the call-in. His
main concerns were:
• because of funding uncertainties the Council should focus on what he
saw as the number one priority, that is, cliff stabilisation works through
Option C3, that is, a pile array at the rear of the Spa complex,
extending beyond the cliff lift and near horizontal drainage within, and
a combination of low level piled retaining walls and regrading of upper
slopes and/or soil nailing, coupled with draining works. He believed
this option should be augmented by extensive structural investigations
of the void areas behind the Spa wall to ascertain if further work was
required to stabilise the cliffs
• the risk of the proposed rock revetment (Option 4A) displacing sand
and silting up the harbour entrance had not been properly assessed.
Any change in beach dynamics must be fully understood should
Option 4A be progressed
He also asked how often wave overtopping occurred at the Spa and whether
it was the seawall that was in urgent need of attention.
After Councillor Popple, three public speakers addressed the Committee. Mr
Freddie Drabble maintained that the proposed rock revetment (Option 4A)
was completely inappropriate to stand before a Grade II* Listed building such
as the Spa, and would disfigure one of the finest coastal settings in the
country. He also argued that the issue of sand displacement had not been
addressed in these proposals, and asked for evidence of wave overtopping.
Mr Cecil Ridley spoke along similar lines, referring to the Denness report
which advised that the rock revetment was not a nece

Alltold do you ever buy or indeed ramp any share that has not already spiked?

Hindsight is a wonderfull thing........

A no brainer!! Possible 10 bagger

I would have thought not, Fraser will want a clear BB to quash any doubts that pi have and to kick start some positive momentum into results.

Monday is my guess which will be 3 weeks, as there is less to assay this time round I would think it is a reasonable assumption to expect them earlier than the last set. If not, not to worry

refesh to get the live price but no streaming, yep since yesterday pm

Anyone having issues with shareprice.co.uk?

"Having hellish problems with the latest version of Firefox".

Me too!

TH2