To howls of abuse I suggested that AIM listed Sirius Minerals (LSE:SXX) was a slam dunk sell at 27.75p on the day it submitted planning applications for its Potash mining project on the North York Moors. My reasons were multiple. Its ability to gain planning permission was a side issue although an RNS last week makes for interesting reading. The shares are now 24p.
It seems that the North York Moors Planning Authority has asked for extra information in order that it can determine the planning application. Sirius will provide this with a view to still getting a decision by May 21st. But there is another potential fly or two in the ointment:
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