Looks like selling pressure is continuing and will do so until the company updates the market on resource/ reserves status.
The longer it takes for Guido to release the announcement the more concerned I am that it is going to be a let-down. We should have heard from SAR last week based on Guido's presentation at Denver. The large volumes on the sell side and the taking out of circa 600k at 42.5c/43c is a worry.
Time will tell. I still believe it is undervalued as a gold producer, but, it needs some positive sentiment to move it forward. This just doesn't seem to be happening at the moment as it's not an apparent priority.
SAR Price at posting:
41.4¢ Sentiment: Buy Disclosure: Held