re: Ann: Mines & Money Melbourne Conference P...
we all know wot a good story this is. It's only 7 months ago that they reached their all time high of $5
Since the a fall in commodity prices has hurt everyone and only now have the big player recovered, eg BHP RIO FMG. But the Nickel & copper players,WSA MBN DML etc to name a few, are all struggling. This is a world that turns quickly and SIR have time on their side as production is 4 years away. All we need is Europe & US to get their acts togethr and China will then fly and our commodity stock with them.
The only impediement could be finance, they need to borrow the lot ($480m ) as I'm sure Creasy thou wealthy does not have the $144m in cash for his share ( 30% ) of the development costs, he can borrow for sure or dilute which will not happen IMHO.
By this time next year we will know!!!!
SIR Price at posting:
$2.63 Sentiment: Hold Disclosure: Held