Squarebush - I'm a long-term holder and huge fan os SAR (Saracen). I encourage you to read their most recent announcements. They are now producing 25,000 ounces of gold per quarter at a cash cost of 50% of the current price of gold. That equates to about $14-16M profit per quarter, and they have long mine lives with multiple current and future prospects. All debt has been paid off, and management are very competant.
Recent reports value them conservatively between at 55 and 75c short term.
The recent volume is probably churn from their recent placement to sophs at 0.38. Their share price tends to fall back sometimes providing opportunities, but you have to be very patient or lucky.
