SRR faithful-day traders-thread viewers- hoping to get a nice show of thumbs raised for this post for being able to pick further information here to allow you all for a quick strong buy report set out by Hartleys only out yesteday that being the 08/12/2011. I hope we can thumb this post up to some up the highest on the Hot Copper site even if for a short time just to prove that SRR is definantly 100% a screaming buy and to just show that a little research comes a long way to making a very merry christmas for those able to pick these up at bargain basement prices this morning or today in general-
What I find extremly strange is that if this stock was one of the day traders dream stocks ie the good old ggp-anp or neu - a research report such as the one written by Hartleys only yesterday would have already been reported and spoken about in something like 100's of posts already. Just to prove that this one is so far under the radar, is the fact that this research was released yesterday and not even one post about its content. Guess in a way, we can be lucky to have been amongst the 1st to read the research and act on the recommendation at our own peril. Ultimatly, the report set out is a SCREAMING BUY - ( As a sidenote, I understand that the report states from hartley that they are only a specualtive buy in their research, but keep in mind that there rating was based on a shareprice of 15cps. If it was a speculative buy at 15cps, you can bet your bottom dollar that as of today, with the shareprice dipping to a low at around 7cps this morning, this is a SCREAMING SCREAMING BUY -
with an valuaion price target of $0.17- and a 12 mnth price target of $0.14 -
not a bad 200% easy profit to be made in this fearful marketespecially with the woesof europe of late -
brief notes of significance from yesterday's reasearch report that i find compelling to buying this junior -
# we have a valuation for SRR of $0.17 assuming 100% of Otjo (75.5% ownership is $0.14) #Given the advanced stage of SRR (DFS due in January 2012- less that one month away) also with short term conversion period ( six months) SRR is well placed for an upturn in manganese prices. #Current cash backing is 1.5 cps therefore you are paying 6cps for exploration upside on JORC announcement in less than a months time- coupled with production/revenue to be earnt in future periods. #If it was a speculative buy at 15cps- its an overweight buy sub 10cps for sure , especially with more encouraging infill results announced to market today -
Ive heard many say that they have to do some quick reading and research this morning whilst she was taking a short term dip on fearful traders, but have a read of this comprehensive report if you want a quick analysis of the compelling reasons why at sub 10 cnts this junior is a compelling opportunity to buy from the fearful - link provided below -
( sidenote- call this a conspiracy theory or what you may but only yesterday there report stated that the current shareprice was $0.14 yet there 12 mnth price target was still $0.14. Could it be assumed that Hartleys knew that today some offloading would be selling down SRR below $0.14 hus the reason for their specualtive buy rating. Because im sure many would reiterte that it seems highly unlikely that a broker research house would place a specualtive buy recommendation on a stock which has the same 12mnth forward shareprice target as it currently did at the present time - ie current price $0.14 12mnth price tarhet $0.14 - upside gain 0% neautral -
anyway ill leave you with that but in conclusion, she looks to be gaining strong momentum from teh fearful selling that offers on open and the buyers seems to be coming in numbers - a close of 8cnts + is looking very possible imho