BusinessDay's Rania Spooner has some reasons for SIR surge over the past months:
Prospecting guru Mark Creasy has a majority stake in Sirius. He’s probably the most successful prospector/resources speculator in the market.
Sirius also has a respected industry stalwart with a reputation in jackpot discoveries at the helm in MD Mark Bennett.
Sirius has made a string of strong discoveries – further adding weight to its perceived value – and some of these tenements were pegged by Creasy himself.
July was when the iron ore price started flattening and there were many in resources stocks already starting to look at speculative buys elsewhere.
