SRI 6.67% 1.6¢ sipa resources limited

Diggers & Dealers, page-21

  1. 61 Posts.
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    Looks like the presentation sparked some interest. The attachment below reared its head up on a 'Women in Mining WA' Facebook page.

    And, after a very slow start, the SP finished up 0.2 of a cent with nearly double the volume traded yesterday.

    Anyway, the article from WIMWA ...

    "Day 2 Diggers and Dealers.

    Lynda Burnett of Sipa Resources. A great story-telling presentation with props! An elephant in a jar representing the elusive orebody and a bag of sand (polenta) poured over it to represent the sand cover and the challenges of exploration.
    Third female speaker in 2 days and 22(?)years and doing a fabulous job! Well done




    Now for the drilling programme.

    The SP is moving within a very lazy ascending triangle topped by the resistance line at 2.7c. With OBV and (recent) volume rising, plus (for the FA-ers) the imminent drilling programme, a close at 2.8c or above will be a pretty fair buy signal. A close at that level, too, represents a six-month breakout ... and I think it'll happen soon - but please don't ask me to define 'soon'.

    Oh, O.K. ... 'soon' is - I reckon - beyond the DTs and short of investor 'buy & hold' methodologies.

    If you haven't already done so, read the Barry Fitzgerald article. Encouraging!

    I'm glad to be holding.
    ______________________
    [email protected]
    Stops in place, always.

    Not a pro; just a trader who loves the game.
 
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