is sar a decent proposition, page-46

Yanlin,

I think on the day of 1st March when SAR was down 11% it obviously got hit hard by the huge overnight drop in the price of gold, but I think it also copped a double whammy which was the 3pm release the day before on feb 29. I believe this release was why it dropped harder than other mid-tier goldies and why it even sold off at the end of the day on feb 29th..

I know for me I looked at the release at 3.50, popped the new forecast figures in my spreadsheet, didn't like what I saw and luckily enough sold at the auction close.

I think this new range the SAR sp has entered is based on a drop in gold but also the updated '11-'12 production guidance and this guidance is now going to be 'baked in the cake'.

Only my take and not trying to be a prick about it. Cheers