mm2 - I agree. Look there were probably a few lucky traders who bought cheaply and are now realising some quick profits ("profit takers"). And there are probably some traders who are cutting their losses (albeit smaller loss than compared to a few weeks before) given the sharp rise on Monday and Tuesday after the postive announcement regarding the settlement of the D&C disputes. Short to long term, SRK will rise when investors and traders alike come to realise the true value of the Peru Iron Ore resources and the Indonesian Coal project. I believe the Indonesian Coal project will be sold for cash shortly so that SRK can move forward with the Iron Ore in Peru - where the real bucks are. I guess the soon to be released quarterly reports may reveal more of the directors' intentions. Good luck to all.
SRK Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
