Plenty of accumulation going on at the moment. 1.2m traded as at 12:05 and the price has held up pretty well (now at 54.5c).
PoG continues to rise and is over US$1,653/oz at present. At some point in time this will quickly translate to a further price boost to the stock price of SAR.
Your price prediction of 80-90c is bold, but reasonable. It all depends on what comes out at the end of the month re the quarterly production numbers.
Having said that, the signs are encouraging as we have seen some pretty solid buying - perhaps from the "smart money"??
Production costs that start with an 8 should be extremely well received by the market. That should put a serious rocket up the share price as it means margins would be substantially healthier than previous forecasts.
SAR Price at posting:
52.6¢ Sentiment: Buy Disclosure: Held
