SIH 0.00% 0.2¢ sihayo gold limited

next results could be the trigger for rerating

  1. 20,449 Posts.
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    Not sure how SIH managed to sell back down from hitting 8.5 after announcing there highest grade gold hits to date within the sihayo resource, but it did, lack of support? market not taking notice? stale bulls selling into any strength available? directors not promoting enough? a number of reasons come to mind, but end result is these high grade gold hits results should be taken notice of imo, not only does it give confidence of the 1.01mil oz inferred already discoverd but whats most important is its a unexpected high grade gold discovery within the resource.

    I have reread the announce made wednesday a number of times to see if im missing anything that can explain the lack of market interest, I can not see anything but a very positive discovery identified within the resource, if this was any other stock the rerating imo would have been very significant but being SIH somehow it fails to attract the interest of the market.

    Those watching should take note of these statements in the announcmeent that could be the trigger to really heat things up when next results are due:

    "The latest results have, in particular, highlighted the "potential for a high gold grade core" to occur within the southern portion of the resource where results from the new holes SHDD 195, 205 and 211 returned 26m at 5.8g/t, 26m at 9.4g/t and 6m at 15.8g/t (Figure 1)."

    "There are still a number of holes to be drilled and assay results to be received from this part of the resource."


    So now we wait for next results from the surrounding high gold grade area & see how "the potential for a high gold grade core to occur within the southern portion of the resource" shapes up, they may hit more high grades they may not, either way these results where not expected & are not priced into the story like alot of things SIH has announced, infil drilling to date has only brought alot more confidence to the story & the future producing potential, once infil drilling finishes up mid april rigs will be moved outside the resoure, which should bring excitement to the story as there is significant potential to increase the already 1.01mil oz inffered gold resource.

    One to keep close watch on..

    DYOR....
 
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