SIR 0.00% $2.52 sirius resources nl

time to cash up more and buy another 8c to $5 stock then, lots...

  1. 3,322 Posts.
    time to cash up more and buy another 8c to $5 stock then, lots out there to try your luck with. diversification is key, you would have cashed up a lot of it by now. perhaps you can tip us off on your new picks to run up a 100 bagger this time.

    SIR down since construction started...whats the message from Mr Market? cash burn -$180M pa from here till end 2016 next 2 years. its cant crack the 3.10 let alone 2.80 resistance right now. offtake deal with bhp or jinchuan expected so that wont change anything, more ni finds maybe, punters will trade range it $2 - $4 maybe on NP moves also.

    good luck, you have certainly had the luckin this one but remember sentimentality is not financially logical. Just ask Atlas iron holders or FMG holders, lots of examples.

    Its now hitting its intrday lows and cant hold 2.60 even. yep, shorters picking it off again, it will happen a lot, there are a lot of large companies who would love to drop SIR SP and buy in 180M shares real cheap just before production, sound like a familiar story from other companies...yep.
 
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