Yeah, distribution by those who got in early and happy to move on to the next good thing. Got to have them in order to accumulate. The SAR sale, or should I say purchase from SAR is a vote of confidence by investors wanting to see the next phase through....hopefully.
It’s easy to say oh why don’t they hold all the way etc etc, but some folks like to take their gains and get a new girlfriend to go out with. It’s this in between period of proving up the extra resource and FFS that draws the sellers out, just glad there were buyers at around these levels and not back into the low 20’s. I am interested in the day to day, week to week SP movements, not one to put in the bottom drawer. Nothing wrong with that surely. Different strokes.
If this is going to be the $1B + company then I want in cheap too. Like to work a nice low average buy in or better still a free carry position. That’s when they hit the bottom drawer and have another look in 5 yrs time.
With POG staying strong above $1550 I’m changing to a buy again.
RED Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
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