The current trading halt has current SIR holders sitting happily with their fingers crossed for some very big zones of massive sulphides and certain other creatures/media already speculating its not a big deal, just brokers up on site poking around. Interesting to see so many with no financial interest with SIR while watching with watering eyes hoping they havnt missed possibly the next major discovery as its been about 3 years since a company went from rags to riches which was SFR...
Focusing on conductor 1 and the upcoming drilling report/possible assay results/possible DHEM survey, my biggest observation with conductor 1 and whats been drilled is the blatant fact that the mineralisation zones from rows A through to C are opening up at a rapid rate with our latest zones on row C being 52m and 40m wide, the next holes below row C is whats obviously due for a visual assesment.
We last saw a drilling update on the 18th of sept, trading was halted on the 21st which im speculating that atleast 1/1.5 holes below 53 was completed and reasoning for the halt, monday will be the 24th which is going to be a total of 6 days from the last update, we are going to have another 3 days of drilling completed from when the shares were halted giving 6 days of drilling with 4 rigs.
When news is delivered we are likely to have multiple holes with visual assesment and likely the EM survey was also completed ready for release....
If news is good we will obviously move higher, lets not forget to add the new broker/fund buying that is likely to be also fighting for SIR shares who were up on sight, lets also add to the mix the lack of SIR shares available with the already tight register, if results are good we could be in for an explosive opening...
SIR holders should be feeling pretty chuffed about now
SIR Price at posting:
$2.07 Sentiment: LT Buy Disclosure: Held
