I sold out today after a nice ride up over the last few weeks. My reasons are as follows:
1) Section A:A closed out (to be expected but not previously confirmed)
2) The assay results returned were not particularly high grades of nickel
3) The lack of massive sulphides in the 52 metre intersection.
I thought these were all tucked away behind the really positive headlines of the extension of the ore body but when it is all said and done I think this extension had already been priced in to an extent.
I am expecting a fall back towards $1.50 levels over the next week but hey I won't have been the first person to call an end to the meteoric rise of SIR.
Good luck to all holders I genuinely hope your faith pays off.
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- my call is for an announcement on monday
I sold out today after a nice ride up over the last few weeks....
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