SIR 0.00% $2.52 sirius resources nl

market cap justification, page-5

  1. 2,954 Posts.
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    For any newbie looking at all the enthusiasm be careful and consider all the facts not just the blue sky potential. SIR will need serious capex before any cashflow so maintaining this march is a challenge in what is volatile times. They have raised at 72c to ramp up the drill bit and prove up the resource so news should be regular. But September will be a corrective story on global markets as the double top DOW decides like all good feeding frenzies a blow off is needed. The CR was at 72c a fair 50% fib target for any correction. I have been left holding tops before so this is a warning to the incoming to dyor and be careful. There is enough helium in this one to have the vienna boys choir sing every hymn in the book. Put stops in place and preserve your capital/profits. The smart bulls will have them in so don't be left holding the baby.
 
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Currently unlisted public company.

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