SRK is drifting lower and could close the gap on the daily and...

SRK is drifting lower and could close the gap on the daily and weekly charts at 46c.

I bought at 67c a couple of days ago for a medium term hold when it looked like it would move higher- just hope it doesn't turn into a long term hold.

I don't have great faith in the management but the assets in Peru and Indonesia plus the cash cannot be ignored, plus Usmanov has the clout to make a move at any time.

I paid $3.10 for SRK once upon a time, so am a bit more comfortable sitting on paper losses this time around.

I'll be buying again if it goes sub 50c.