SRI 0.00% 1.9¢ sipa resources limited

depth & trades may 15, page-4

  1. 5,275 Posts.
    lightbulb Created with Sketch. 503
    Yep couldn't agree more rickh. Specs are the first to go when people feel or have the need to get liquid.

    I look at it this way GZ since the rot started to set in with the share price ( May 01 ) there has only been 7.4M shares traded out of 455M on issue. Or 1.62%

    Now whilst its true that there is no way 10's of millions could have been put on the market anyway as there just aren't the buyers. It is also true that there has not been wholesale dumping.

    There is IMO too much at stake worldwide to let Europe fail. Greece is another matter as it represents only a small part of the European economy. So i dont think the powers that be will let the situation decend into the abyss.

    The doom and gloom that pervades the mainstream media IMO offers very little in the way of original thought on the real economic situation or implication of a Greek default. For the most part they just rehash the most apocolyptic scenario they can find. It sells papers and gets ratings.

    To my way of thinking nothing has changed with SRI that would warrant me selling out. They still have a very prospective tenement at Thaduna and they have plenty of cash. I've seen plenty of periods of weakness in this one over the years. This too shall pass !

    I am optimistic but not to the point of being like the Black Night from Monty Python in The search for the Holy Grail lol.

 
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