SIRIUS MINERALS (SXX)

Bj,

I don't follow this one but I see no open gaps on daily or longer timeframes.

F4T

Hi F4F, is there not a gap fill due at 15p from the original gap created at planning announcement? Seemed to bounce off 16p a few weeks ago leaving a small gap left to fill so could that impact the support levels - 16, 15, -12.9?

What are ur thoughts?


Bunkerjo

Hi Richard,

Hope you are well.



Medium term uptrend just about holding on. SP at support trendline and hanging on above 61.8% fib of move.

Yesterday broke out from short term retrace (confirmed by RSI).

Supports:
16
12.9 (ma200)
12
9.8

Resistance:
19,19.5 (ma's)
22.5
25.25
29.23

Looks precarious to me. If the red trendline breaks there could be a fairly rapid descent

F4T

Indeed Count. I advised a friend to bale out this morning (sell the news on the initial spike - not that there was, as you say, actually much of a spike! - and he did at 28 or so.
This will take a minimum of 5 years for any ROI to materialise and will likely be more like 6 or 7 years. And that's a looooooong time in investing. IMO it still might well never happen at all but that's a whole other and far longer story.
Cheers for the response and hoping all is going well with your own trading/investing.
EGH

Hi Earl,
This is a massive project requiring huge capex and fundraising (more than likely one of the ways will be by significant dilution), imo the smart money bailed at 27p+ this morning.
I think the sp will be heavily traded over the next weeks with significant daily volatility but generally move in a net downward direction.
I was a little surprised that it didn't even make a new high this morning though.
All just my opinion.

Good morning folks.

Given that planning approval has - somewhat surprisingly IMHO - now yesterday been granted for SXX's new polyhalite mine, where do folks here see this heading now trading range and timescales-wise?

TIA