P J H
- 30 Jun 2009 16:01
P J H
- 05 Aug 2009 09:37
- 2 of 961
This one shooting up now, up from 2p in May to 6.5p-7p now.
- 05 Aug 2009 11:26
- 3 of 961
Bought in a few weeks ago at 5.7p... it's looking good !
- 05 Aug 2009 11:47
- 4 of 961
Continuing to climb....it's getting better all the time !
P J H
- 06 Aug 2009 08:44
- 5 of 961
7.5p bid now
- 23 Oct 2009 07:36
- 6 of 961
Good RNS release this....won't do the SP any harm!
For immediate release: 23 October 2009, 7AM
SIRIUS EXPLORATION Plc
("Sirius Exploration" or "the Company")
Acquisition of Derby Salt Pty Ltd
Sirius Exploration Plc ("Sirius" or "the Company") announces that it has acquired 100% of the ordinary shares
in Derby Salt Pty Ltd ("Derby Salt") for a consideration of 13,000,000. This consideration has been satisfied
by Derby Salt's shareholders accepting 100,000,000 new Ordinary Shares of 0.25p ("Ordinary Shares") in Sirius
at a price of 13p per share. Following completion of the transaction, Sirius will have an issued share capital
of 600,730,150 Ordinary Shares.
Application has been made for the 100,000,000 new Ordinary Shares, representing 16.65% of Sirius's enlarged
issued share capital which will rank pari passu with the existing ordinary shares, to be admitted to trading on
AIM and trading is expected to commence on 28 October 2009.
As a result of the acquisition and issue of the consideration shares The Catlow Family Trust will have a
beneficial interest in 100,000,000 Ordinary Shares representing 16.65% of the Company's issued share capital.
Information on Derby Salt
Derby Salt Pty Ltd, a privately held Company incorporated in Western Australia and based in Perth, Western
Australia, holds mineral leases in excess of 125,000 hectares in the Kimberley region of Western Australia,
allowing for the exploration and extraction of salt and potash and the creation of caverns for the storage of
natural gas or potentially carbon dioxide.
Derby Salt has not traded and has published no Accounts. A valuation or competent person's report is not
required for this transaction. Following the acquisition of the controlling interest by Sirius, the Company is
to commission a report on the storage cavern and mineral potential.
The Kimberley region of Western Australia overlies The Canning Basin which based on existing seismic data
gathered over several decades is considered to contain vast evaporative salt accumulations. After a recent
detailed review of all available data Derby Salt has identified and secured ground that it believes to have the
most prospective potential to host economic potash deposits. If successfully delineated, it is proposed that
these deposits will be solution mined. The potash is targeted in the Mallowa Salt unit of the Carribuddy Group
within the Ordovician sediments in the Canning Basin. In Derby Salt's tenements the Mallowa Salts are around
450 metres thick with the top at a depth of approximately 550 metres below the surface. The tenements are
approximately 200km south-east of Broome and between 100 and 150km south of Derby.
Separately, there are advanced plans to pipe natural gas to shore close to both Broome and Derby and a large
coal deposit is being developed immediately north of Derby Salt's tenements. Sirius believes that in addition
to extracting salt and potash from the tenements, there is considerable potential in using the Derby Salt
acreage to create salt caverns to store natural gas and potentially carbon dioxide.
In addition to the placings undertaken earlier this year, the acquisition of AusPotash, as previously
announced, has provided the Company with additional funding of $2m which, together, provides the Company with
sufficient cash resources for its current programme.
Reasons for the Acquisition
The transaction provides Sirius with another wholly owned subsidiary company which the Directors of Sirius
believe has major potential to establish a conventional salt and potash mining operation with additional
opportunity to further the Group's related initiatives in Australia and North America. This purchase completes
Sirius' current round of land acquisition. The Company now has well positioned acreage in Queensland, Western
Australia and North Dakota, all of which is suitable for the Company's delineated areas of business: potash
extraction, salt extraction and energy storage.
Background on Sirius
Sirius is quoted on the AIM market of the London Stock Exchange in London and its shares are also traded in
North America through the use of an ADR facility. Sirius currently has interests in potash and salt caverns
through its subsidiaries Dakota Salts LLC and Auspotash Limited. It also has copper and gold interests in
Macedonia and a royalty interest in a tungsten mine in China.
Richard Poulden, the Chairman of Sirius, commented:
"The acquisition of Derby Salt is another step on our journey to create an international company investing
in areas of the world where the directors believe there are significant growth opportunities. We believe that
the demand for potash, salt and energy storage will increase worldwide and the acquisition of Derby Salt in
Western Australia will complement our similar activities in North Dakota and Queensland."
- 23 Oct 2009 18:17
- 7 of 961
Where is the good news to justify such a rise?
This purchase of a salt-co in Australia is an indicator, as is the jokey-name "sirius"
and the trading shares in American ADR's is rarely a marker for Retail-investors returns - - - - AND - - - -not sure about "complement our similar activities . . . . " does anyone have a handle on this "Energy Storage" the Co. trumpets...do they think brine makes a good battery?....Yikes!
- - - Is salt such a good business I wonder, when the ocean is full of it,...?
Salt is a food-stuff that needs to be Regulated, as it can lead to heart issues...etc.
As always DYOR, this may not be quite how it seems.
Still their sp rise is a mirror on Equities generally since March, but I note that today, most Trades are Sells . . . hugely more then Buys - so I wonder how MM's are calculating this...?
- 21 Dec 2009 14:45
- 8 of 961
Both of these announcements are positive and demonstrate the companys full commitment to its niche market. Speculative buy. www.uk-analyst.com
- 27 Aug 2010 09:11
- 9 of 961
A possible potash producer???
- 31 Aug 2010 12:19
- 10 of 961
Seems like potash is the new hot commodity!
- 31 Aug 2010 22:05
- 11 of 961
'bout time as well!
- 01 Sep 2010 10:55
- 12 of 961
Not sure why this particular stock is up another 16%, but happy to ride the wave.
- 02 Sep 2010 22:18
- 13 of 961
nibbled a few today, gets in teens then interesting. Only ale money so far though.
- 03 Sep 2010 09:29
- 14 of 961
Got some more, no interest then here?
- 03 Sep 2010 11:25
- 15 of 961
Yep, sold half my holding at 7p this morning (bought at 4.1p) & going to let the other half run. At some point this is going to run out of steam, imo.
- 06 Sep 2010 09:06
- 16 of 961
Unbelievable! Up another 26% to 9.5p! Company now worth 66m. 3 weeks ago it was worth 1.3m.
- 07 Sep 2010 08:15
- 17 of 961
Run out of steam. Sold yesterday afternoon. SXX not yet producing, so think that it is overvalued atm. Hoping for a pullback ready for another trading opportunity.
- 07 Sep 2010 09:49
- 18 of 961
opprtunity now here down 17% - lol
- 08 Sep 2010 10:37
- 19 of 961
6.5p to buy! Would be interested at about 5p.
- 09 Sep 2010 07:54
- 20 of 961
Thursday 09 September, 2010
Western Australia ? land increase
For immediate release:
Sirius Exploration Plc
("Sirius" or the "Company")
Western Australia - land increase
The Directors of Sirius Exploration Plc (AIM: SXX, OTC: SRUXY), the potash mining group, are pleased to
announce that the Company has secured exploration application licences on two additional tenements the
Company controls in Western Australia. The application licences allow the Company to move forward with the
process of obtaining exploration application permits on the land.
The additional tenements are E04/2003 and E04/2005 and are located in the northwest area of the Willara Sub
basin of the Canning Basin and cover approximately 1000 square kilometres. This land is in addition to the
exploration application permits the Company already controls in Western Australia covering approximately
1250 km2 of claims in the Kimberley region that overlie the Canning Basin. Further announcements in
relation to Sirius's Western Australia properties will be made in due course.
- ENDS -
For further information, please contact:
Sirius Exploration Plc
Richard Poulden Tel: +971 504 524 994
Beaumont Cornish Limited (Nomad)
Roland Cornish Tel: +44 (0) 207 628 3396
Daniel Stewart & Company plc (Broker)
Christopher Theis / Emma Earl Tel: + 44 (0) 20 7776 6550
Gth Media Relations
Toby Hall/Christian Pickel Tel: + 44 (0) 20 3103 3903/
Sirius Exploration Plc
- 15 Sep 2010 08:32
- 21 of 961
Approaching a good entry point again, for another bounce.