"have picked Sirius Resources as one of my multi-bag stocks for the next 12 months, with their exciting Nickel JV announced and more news and updates to flow from other projects." In relation to your comments, I agree that that SIR has multi-bag potential over the next 12 months. Today I bought 2.7 million shares at 1.1c. I researched the company over thew weekend. I found Mark Bennett's recent presentation in Aug 09 to be very interesting. The company has $8.2 million (excluding purchase and transaction costs). SIR has excellent landholdings in WA and excellent and experienced management. I'm also aware that a number of institutions from Australia, Hong Kong and New York, including BT. Mark Creasy is SIR's largest shareholder with a 29% (undiluted) holding. He's also a SIR JV partner. I'm also aware that SIR will be doing a roadshow next week in both Melbourne and Sydney. This will highlight SIR's attractiveness IMO. At around the 1.1c mark SIR's market cap of around $18 million is a joke. It has potential to go much higher. Hence, I bought into SIR today and will be buying more soon. DYOR
SIR Price at posting:
22.0¢ Sentiment: None Disclosure: Held