short term trading week stating 25th nov, page-41

STT TA & FA ENTRY - SIR (Sirius Resources) MCAP: $639m with 261,930,167 shares on issue.

TA Entry: Volume today was equaled only by equivalent volume on a rise in March 2013 when Bollinger was discovered.

The pattern is in confirmed revesal mode now and on strong volume suggests a run upwards. Also note the recovery from oversold on the Stochastic.

FA Entry: >$80m in cash from a recent capital raise ($2.44 issue). A new zone of anomalous nickel and copper soil samples equivalent to the soil at Nova has been discovered some 70km away on another SIR lease.

Drilling of the target at the new anomaly should commence soon.

I will not speculate on the outcome, only mention that I believe that it will rise +25% from current SP in the next month.