Speculation mounts re Sirius' Independence, page-193

Before we go belting management for the share price collapse it would be wise to make some comparisons with other top tier producers in the gold and nickel space.

Eg - 13th February SIR traded around $3.20, WSA was $4.40 - today both are level pegging in low $2.60's. Other nickel miners tell similar stories, its been blood letting non stop in recent months across the board. Gold miners are hardly doing better, NCM is off around 25% since the same time.

The reality is we are combining to be top tier producers of commodities that have crashed, and management of neither company could have prevented or predicted that occurring.

I would suggest if you don't have taste for acquisitions this merged entity might not be your cup of tea because being one of the few capable of actually still making profits at this price, they will be building capacity to buy a few more bargain assets into next year I suspect. Its no secret, its in the announcements.

If you have the stomach for it, when the price cycle turns on gold and nickel, I would be surprised if IGO/SIR don't leave the rest for dead in a recovery - all in my very, very humble opinion only.

In the meantime, shorts are continuing to close on IGO, seems to be increasing on WSA. I am reading it that as we near voting date on the merger things will settle in that respect. Bought more SIR today.