tetete
it hit 2.75 2 days already, intraday low of 2.67 today. NP down and US$ UP unstoppable right now.
Look at NP INAUS$ terms, thats what SIR and local producers sell in and this dropping AUS$ at 5 year lows today is good for NI producers as their costs in OZ are in AUS$ terms.
that annual graph looks terrible, its an extreme head and shoulders pattern formed, the right shoulder has to hold 2.79 or worst 2.51 or it will freefall to 2.20 as you said tetete.
This QTR -$15M cashburn and losses, next QTR look for -$33M cashburn and losses. Appointing Rob Dennis was a genius move, but he is no superman. SIR needs tolling and quick early mining at POSs LJ mill 100km west of it, that would provide surprisingly early cashflow, cmon Dennis convince your directors boards on SIR and POS, you attend both companies board meetings. At POS you are a director with top10 holdings, in SIR just a 330Kpa COO with share incentives.
4.00, Hartleys at 3.00 what were you thinking???
SIR Price at posting:
$2.76 Sentiment: None Disclosure: Not Held
