I've actually never thought of SRI a good trading stock.
There will be a spike on the news,how high I have no idea. News spikes can be a often a good time to sell, consequently you might be right.However in my view the JV does change the dynamics of SRI going forward, aggressive exploration in a highy prospective area should keep interest up. Panaroma does seem to have any attention as yet and Warrego we will soon find out. Some explorer stocks actually do quiet well with the market knowning that capex lies ahead. FMG started life as a 20 cent stock. KAG similar, and of course SFR was 5 cents not that long ago. So there is probably valid aguments on both sides of the equation. Which I guess is why these stocks are called "speckys"
Still a lot of people that have never head of SIPA resources.
Best of luck to all.
SRI Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
