Dr suess, diesel and now tetete are telling you youngsters....SIR is a shorters paradise, your banker darling friends will do it if it cant move up.
Diesel, the bearish mushroom top looks a ceiling, 2.80-3.10 is a triple top pattern, strong selling and shorting pressure aboce 3.00 looks like, I woukd rather buy ar 330 than 299 mid range. NP a worry, GP a worry, massive casburn a bigger worry. Ignored by market, ignored by the banker darling friends last few weeks, but not for long.
Call it tall poppy syndrome, shorting tactics, at this MC 2 years before production, its a sore thumb sticking out, no amt of gold or ni will stop the cash burn.
As for calling SIR a high grade ni deposit...wrong again...
Sir 2.1%- 2.6% 2014 DFS
WSA 5.0% DEC QTR av ni grade, aicc 2.70uslb, real production
MCR 4.8% Grade real production
SIR is NOT high grade... WSA MCR even POS silver swan 11.0% grade is high grade not 2.35%, what SIR has got going for it is apparently low aisc assessed in 2014 DFS..lets see if that blows out by 2017 and cash n large debt, when cash runs out in 2016 n loan interest kicks in with no income for a year lets see what baks darlings will think then...
Valuation is the issue with SIR not current market support, the market is a fickle beast...wait whats that I hear...
Whhhhhhhhaaaaaaaaaaaahhhhhhh... hot hungry babies in that donga, the wife is upset... better keep hoping opening your fifo wallet works for 2 years and you dont get laid off like those at nickel west or first quantum or io producers. For me many other cheap valuations in ni sector right now even WSA is dirt cheap.
Im with you diesel n dr suess, its got to stay above 2.80 or its a drop to 220. Play with fire and you will get burnt little boys.
