Hi dingoheeler, the problem confronting we SAU shareholders is only one thing. Every thing is great, the future looks good ( ignoring recent mgmt ann / actions which are always to be expected in all these cos ). So what is the catch which can derail a multi bag performance ?IMHO there is nothing like that, probably the mgmt kept the SP at these levels to enable them to make the recent ann. So logic demands there is a gradual ramp up in SP now that this ann is done with. Any rapid rise in SP in a matter of days after the ann will look obviously fishy and would have invited a lot of criticism . So I am giving the market makers a few more weeks before they takes the SP substantially higher.
In many cases the junior mining cos investments calls for a lot of psychological thinking and strategic analysis much more than the core fundas analysis. This is the reason why even very knowledgeable guys do not make any meaningful money in the mining sector. It calls for a different mind set which is bold, questioning & disagreeing and an attitude which puts us mostly on a lonely path to success.
I am very sure we are all on the right path here in SAU. Just a patient hold for two or max three years till 2020 , our money will be made. Beyond that , we have to assess the position there and decide further to hold or exit.
SAU Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held