SIR dont need any more money as far as I can see for the foreseeable future and look to be in short term TA breakout again
Looking good to move towards $4 in my view ,
I actually wouldnt mind if SIR made a low ball share bid for BOA (ie 10 for 1 ) or in that range whilst BOA are struggling to get any market attention and the SIR share price is rising
I just read the BOA update and they are run by an accountant who has got lucky owning this tenement , on the SIR fence line and 2.5km from the Tethys strike and has very little market following .
BOA is very unlikely to have the cash to deep drill to see if there surface results prove up to confirm the extension of resource SIR has identified further east
In my view SIR holders are better to buy up all the land and own more of the Fraser range stories than have nearology stocks so close to us wanting a JV in the future .
I hold SIR , BUX and BOA
SIR Price at posting:
$3.08 Sentiment: ST Buy Disclosure: Held