Welcome, timelli001. Most likely short-term investors selling on...

Welcome, timelli001. Most likely short-term investors selling on news.

As Siren Gold advances its multiple high-grade gold deposits with continued drilling, maiden JORC resource, mining license application, mining commencement, we'll see professional investors buy and hold SNG. Since it is tightly held, the share price will spike accordingly with each new major announcement.

A bullish cup and handle just formed on SNG share price. You can also see using the Heikin Ashi (average bar) trading pattern, yesterday's fall was still in the green. Something to remember as more announcements are released and viewing momentum in a stock price.




Since the Gold Price is over $A2,400/Oz and continues to climb on the back of US govt and Central bank stimulus, we are entering a period where gold stocks, significantly outperform the gold price as they did in the first half of the 2000s. Due to significant gross profit margin growth.

For Siren Gold, the gold price at these levels ensures easy to secure finance for a decline(underground gold mine), production, and rapid shareholder wealth creation.

It is the strong gross profit margin per ounce, multiplied by the volume of production per annum, that creates significant annual profits for a high-grade gold mine, that creates this situation, where gold stocks massively outperform gold, as discussed below.