Speculation feulled by big money flow. SIR had the normal attributes like small MC, tight register and an interesting story. Many companies have this yet struggle to get past first base and many end up in pump and dumps. If one reads the announcements to date it is hard to understand how that news equates to such a swift upswing. Sometimes better to follow the money flow and volume rather than the announcement. Why the big money moved in from the first day and stayed I dont know. I know they are generally not geological geniuses.
I read online that even Creasy didnt go as far as to say this discovery would not necessarily lead to a mine so it is still speculative. Nevertheless, I am following the money and bought in again yesterday at .985 cents and traded more than once for decent profit and might trade again today. Its all fine as long as the music doesnt stop. Although I am aware that Nova could prove to be a large discovery, and SP could go higher, I am also aware of the downside. Biggest thing I remind myself is that those who got in early and are up 5, 10 or 20 times dont need Nova to be a successful mine to protect their initial investment because if things go pearshaped their buffer gives them the protection they need if a downtrend occurs. Different story for the new traders fronting up now. They need Nova to be a success and Nova could be fantastic. Time will tell.
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