Whatsup
while we can debate until dawn why SIR sold off the fact remains the percentage drop was in line and lower than previous falls, i feel IMO that the fall was purely techical and just going through the motions like 7 previous occasions of the price running hard then having a very good resting period to consolidate...If the price can continue north on a steady coarse the technical theory will have good merit
The fundamentals of SIR remain the same as they have from the start and are only gaining strength from drill report to drill report.
The management is now my main reason holding SIR, SIR has now gone from a possibly trade to a solid investment leading up to the maiden JORC around mid 2013...
I feel we can make a new high on the chart and will again likely have several more technical retraces over the next several months....
SIR is almost as good as owning a piece of realestate IMO, more volitile ofcoarse but will likely keep appreciating over time
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Whatsupwhile we can debate until dawn why SIR sold off the fact...
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