I covered Sirius Minerals (SXX) in a piece here in 2016, tipping the stock at 38p with a target to sell at 50p. When I wrote the piece I expected the 50p target to take at least 12 months to reach. The stock though raced ahead just two days later when it hit an intraday high of 52.5p. The company closed its financing for the project late in 2016 and rather disappointingly for longer term holders the stock trades hands today for just 18p, less than half of it recent highs and even 10% below the recent placing price.
I have been following Sirius Minerals for a while, I never though quite got around to doing my research. This clearly has cost me, but is it too late to jump on the bandwagon or should those lucky investors who got in earlier be looking to bank profits?