Trades and observations from a British contrarian stock investor

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Tuesday, January 18, 2011

14% rise on Sirius Director share buy and plenty of news to come

Nice 14% rise for Sirius Minerals (SXX) to 21p on further buying after yesterday's York Potash acquisition and also news today that Andrew Lindsay, Chief Financial Officer and Finance Director of the Company, purchased 582,352 ordinary shares in the Company at an average price of 17 pence per share on 17 January 2011.

But the potentially big news is yet to come. The North Dakota potash drilling results and analytics are the key news that will be eagerly awaited in February. Normally after a fairly substantial increase that we've seen this week I would be tempted to "top slice" but I actually invested more in Sirius today following the news of Lindsay's purchase. If all goes to plan, and there's nothing to suggest anything is amiss, 21p will seem like small change.

Sirius looks to be being built as a major global potash producer and we're only at the start of the journey.
Posted by Contrarian Investor UK at 7:52 PM
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