SIR wont be a household name, IGO might be if it can survive low NP and massive cashburn for 2 years.
Todays chart looks terrible, all day down down down, down 4.4% headed to 2.50 then that annual low of 2.20 that I mentioned in May to all of you. If 2.50 cannot hold then its 2.20 next stop.
NP lower tnt so SIR SP looks lower tmrw as well. 2.50 test of resistance perhaps.
Don't criticise other cheap penny dreadfuls of $50M MC when you are supposed to be the bankers darling with world class assets valued at 1,100M MC. SIR is supposed to be the leader yet even BHP wants out of Nickel in OZ, cant even sell its 5 mills and 2 smelters & 1 refinery for $400M let alone for the whole SIR MC of 1,100M for a medium sized 1.5MTpa mill, go figure.
The BHP sale process & now Ni industry rerate lower is a wake up call that SIR is substantially overvalued. Hartleys got their nice $10M payout pump and dump from 2.50 to 4.00. Where are they now ramping this stock?
I warned you in May sell at 4.00 and run, run like you stole it, you ought to have listened. Don't blame me, I was right and you were wrong. simple. You ought to congratulate a good call like that, criticising me means you are still not getting it...its the cashburn & debt pile and low NP and commodities crunch.
Luckily your experienced seen it all before COO Rob Dennis the Legend hedged his bets with POS and bought a pile of shares at 7c last year, wow its still 7c. Luckily he took your wages in cash from SIR at $300K pa and didn't blow it on SIR shares.
So who is the next SIR then if its not SIR or IGO?
IGO Price at posting:
$3.14 Sentiment: None Disclosure: Not Held
SIR Price at posting:
$2.60 Sentiment: None Disclosure: Not Held
