SIRIUS MINERALS (SXX)

I know nothing about the fundamentals on this one and commented for charts sake only, but the 22.50 resistance was a strong area and the tweezer top failed. Showing strength but caution always on smallcaps.

GL
F4T

support...17.32
resistance. 25.25,,,30,,,36.75
best place to go long now will be on a retest of 17.32 as thats got a lot of support there.
penny share warning...This can move fast

dl.dropboxusercontent.com/u/4899609/sxx1stjune2015.png

This has just bounced off 14p, on the way to retesting Thursday's pin bar low of 13.5 ?
It would be much appreciated if anyone has the time to put up a P&F chart ?
The all important NYMNP planning meeting is on June 30th.

ct

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

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.

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