it's uncertain times ahead for all SAR shareholders as the company management reach for top 5 status amongst the listed Aussie gold stocks.
Good for management as they talk up the investment appeal of a 600,000oz+ producer with extended mine life . The appeal is to the extensive institutional shareholder base who will substantially underwrite the capital raising at what will have to be a 10%+discount to Friday's closing. It will mean trips by SAR management to USA to bring aboard fresh US money willing to buy the story ..........for a few days and weeks . Then, they'll take their profits as they digest the less than glowing analysis of the numerous analyts who will be factoring in a significant increase in the cost profile and increased debt.
Then there will be the short sellers eager to exploit the uncertainty who will be seeking to push down the SAR price below $3.00.
Tough time ahead for the retail shareholders..the passengers in the back seat.
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