I'm not a s/h but have been watching from the sidelines. I'm in a couple of adjoining miners.
i don't place any faith in analysts recommendations. they are not independent IMO but there simply to give the brokers an excuse to push a stock and the buyers something to justify their purchasing decision. However, if more pick up the coverage that is usually a good thing in the short term as more punters pile in and as the market cap increases the stock moves up the index, more funds have to have it in their portfolio, more cover it etc etc
Having said that, looks like SIR is a clear winner and alot of the downside risk is now out of the way IMO. Just a question of whether is bounces between $2 or $2.50 or reaches higher.
I do like the comment about clustering and clearly SIR have cashed up for this very reason. For those who stuck for the ride all the way well done - I do see this as potentially another SFR or FMG.
SIR Price at posting:
$2.46 Sentiment: None Disclosure: Not Held
