Sirius Minerals 👾 ⛏ - SXX

Cash flow negative mining / chemical company. I believe they’ve been cash flow negative since 2009. It’s ripe for death spiral financing.

If my data is correct, number of outstanding shares was 100M in 2009, today it’s 7 Billion. Think about this one. They’ve issued billions of shares diluting mainly retail investors!

I explained death spiral financing here -

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