Replies to post #7 on Sirius Minerals PLC (fka SRUXF)

[Thunderbolt]

Bit early but it maybe due to the reports due in April or that sell has finally dried up.

[Thunderbolt]

Dave

I have nominated you as assistant to the Moderator to the new proposed board for Sirius Exploaration PLC ADR's - SRUXY.

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http://www.agriprods.com/nc/agrinews/newsitem/article/potash-pulls-in-bids-bankers-and-bulls/1138.htmlFebruary 01, 2010

Potash Pulls In Bids, Bankers And Bulls

By Sally White

Fertilisers were where it was all happening last week, as supplies started to run low and the world’s two largest mining groups announced plans to spend a total of US$4.9 billion on acquisitions in the market. Vale is to buy a 16 per cent stake in Brazil’s Fertilizantes Fosfatados, depending on completion of its US$3.8 billion deal to buy Bunge’s Brazilian fertiliser assets. BHP agreed to acquire Canada’s Athabasca Potash for C$341 million. Commenting on the BHP deal Potash president William J. Doyle said: “It’s cheaper to buy existing operations than build new mines.” The deal news sent BHP shares down 3.2 per cent to A$39.40 but Vale gained 0.5 per cent. Bunge says it will use part of the proceeds of its sale to “increase the scale” of it agribusinesses and food operations and “further expand into complementary value chains such as sugar.”

Meanwhile, thrilling the bulls and bankers, Potash Corp of Saskatchewan, the world’s largest fertiliser manufacturer, forecast higher sales and Credit Suisse, Bank of America Merrill Lynch all put out notes forecasting strong price recovery. Morgan Stanley said demand could rise 50 per cent and prices could advance from 2009’s US$400 to US$450tonne in the coming months. Credit Suisse said the global potash market will probably see a “large recovery” from April when farmers start planting...

[Thunderbolt]

18 December 2009

Richard Poulden, the chairman of diversified mining group Sirius Exploration, today said the company was set to move forward in a “measured manner” following a first half of the year that was punctuated by acquisitions.

During the first half of the year to September 30, Sirius increased its holding in US potash and salt cavern business, Dakota Salts LLC, by 49% to 100% and acquired a 63.5% stake in Australian potash outfit, AusPotash Corporation. Since the end of the period, that stake has moved to 68.38%.

More recently, Sirius acquired Adavale Holdings, which holds exploration permits for land adjacent to the Queensland Potash properties, as well as Derby Salts in Western Australia and two Co2 energy storage technology companies in the US and Australia.

Mr Poulden said: “The first half year has been a highly active period of acquisitions. Going forward, we look forward to consolidating these gains and moving forward in a measured manner.”

Sirius raised £2.8 million from institutional investors during the first six months and also boosted its exposure to US investors by launching a US ADR facility.