I hold SIR, MCR, and POS.
At this stage pos is giving me most amount of grieve. Down again 8.33%, Sir down 4.2% and mcr up 0.70%.
Weather sir is a good investment for your portfolio, you are the only who can tell. but, most here have been sir holder for a while and most seem like alot smarter then I am and therefore may have taken profit along the way just like I have. We are adults and we are responsible for our own investment decision. Good bad or the ugly.
I am not expecting a spike at this stage for sir as it had made an amazing run since the 13.1 Mt nickel deposit at 2.1% Ni discovered in the Fraser Range of WA and has been one of the major finds of the past couple of years, and the rest is history. But seasoned geologists will tell you – the first discovery in a nickel belt is generally not the biggest…, If you compare the Nova deposit with what is up in Canada’s Thompson nickel belt for example, you may be in for a surprise.
Canada’s big nickel discoveries were struck over a number of decades, leading to the uncovering of the Thompson Nickel Belt – a series of deposits that dwarf little Nova:
- Thompson Bay: 120 Mt at 2.1% Ni
- Voisey’s Bay: 35 Mt @ 3.5% Ni (ovoid)
- Raglan Deposits: 35 Mt @ 2.9% Ni.
There are others mining CO in the Fraser Range that is in exploration stage and below 10m MC will present much better value to get into and make a 10 bagger with the promotion of day trader and health dose of photo of rock chip sample and first guess of metal content by the good old hand held XRF. Boom, up the share price by 2 - 3 bagger. This investment will present a better investment than other that is already over 100m in MC with a very large base share issue.
I would said, Sir is still a baby in discovery and yes, he will cry and scream from time to time. But there is also a time when he will crack a smile or start walking and that smile is worth a billion dollars. Watch this space, Sir will be the poster boy yet again with their exploration programs and Nova will not be the only find.
http://image.slidesharecdn.com/06ti...es-and-sotkamo-silver-2-638.jpg?cb=1386030148
In terms where the investment cycle is, the above graph is almost made for Sir, we had the discovery and the spike to $5.00 in the green area. I say we are in the consolidation stage and range bound trading for the development period then we will likely to see a spike towards production. Where the share price will go all decadence on the all important production report, can be another spike or failure.
CBA and NAB dont come on the register because they fell like it,but they will deem there is a bright future ahead for this company and where they have entered represented a lowered risk investment.
Where in the mining cycle each investor get in will determine their profit, for those who got in early and stuck with the company will be rewarded greatly and for those who is willing to get in early on believe it is the real deal will also be rewarded. those who got is after the hype will be crying now as their investment will be worth half of what it is worth compared to the purchase price and will be working hard in ramping the stock going on to other stock thread waiving flags to said there is better investment else where.
in reality, i don't recall a sir poster recently or in the pass was bitter about their purchase price because most would know they have invested in a quality company.
In contrast to POS, it is at production ramp up and it had it spike to 27c and dropped back down to 11c represent the view of the market it is at fair value. unfortunately the easy 10 bagger spike at the high risk high potential end happened back in 2007 with news of "Massive Sulphides Intersected Denny Bore" followed by "High Grade Massive Sulphide Assay Results" and " Fast Start Project" . while news is still stunning in today's term, it failed to attact long term institutional share holder to support it to production stage. 8 years on we are production almost with a bit of luck that purchased a 2nd hand brownfield mine. that save the company 200m in start up cost and set the company on the launch pad ready for production. All the activities that took POS 8 years, took SIR 25 years to start the construction of the plant. POS is at a cross road, produce and show a great number at production report or it will get hammered thick and fast. The share price has provided a view that POS is struggling to adhear to what it promise to the market.
SIR will not be forced into buying infrastructure and acquisitions if it doesn't want to as it has and will stand on it own feet. The infrastructure will be built. Looking at BHP and NW, the plant will close in 2019 this represent to market that wither production will ease from Australian plant and sir is prime to take up some of the slack. Limited no of Companies will be able to take up the financial responsibility of environment liability and I am sure if there is a formal bid, the government will look at it very closely. When you take that into account the share price of NW should be in the negative.
My view is that once Sir is up and running, we may be prime for take over as the plant is new and established by a group of well trained personnel, limited environment liability, modern facility and built for purpose.
Now, the big dream, we will have another big dream as the team is back on track doing what they do best is finding the stuff. if we have another big find, we may have another spike, but don't expect baggers as the share price is at a level where day trader is not willing to get in at because it would require a big outlay to generate a meaningful return, to create a price fenze, it would require volume and irrational mental mind frame that i got to get in at any price, and at 2.5 it is a big price tag and it will limit the no of people who is willing to get in. It will again reward the loyal shareholders that have hold the shares for a while.
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