some nice drill results. hopefully a lot of good reports to follow next and LOM increases as expected.
Saracen (SAR) bullish monthly hammer candle for December, and with 5% rise so far today is kicking on. Performing similar to NST and RRL. SAR monthly [imgz=http://forums.silverstackers.com/uploads/1893_sar.gif][/imgz]
financial and drill results out. Off a few percent today but the drill results are starting to look encouraging for mine life wise I think. thats what I'm looking for, the company to still be doing well in 5 years or more.
quarterly production was off due to rain and ASIC is high but jeez the shorts have some gonads. They really need the gold price to drop. http://www.shortman.com.au/stock?q=Sar Date Gross shorts 1 Issued capital % Capital shorted 2 Trade volume 3 Shorts as % of volume Tue 18th Apr, 2017 9,632,848 807,548,859 1.19% 12,379,671 77.81% Thu 13th Apr, 2017 7,138,784 807,548,859 0.88% 11,957,707 59.70% Wed 12th Apr, 2017 3,432,543 807,548,859 0.42% 9,627,200 35.65% Tue 11th Apr, 2017 3,339,085 807,548,859 0.41% 7,349,841 45.43% edit thinking about maybe the GDXJ is being rebalanced again. There was a big short put on when they added SAR from memory.
Shorts are still going strong, they'll be hoping for a reversal tonight. I had another go at a trade a short while ago so hoping it keeps rallying.
A Friday night smack down might be too much for the shorts to ask for with silver so strong. The Aussie dollar gold price is going the wrong way for em.
big day. had a good qtly a couple of days ago. looks like it's been digested by the market. I think the same thing happen to SBM a couple of days ago.