RE: not in for $8 Couldn't agree with you more , pointman. This trading seems to be different than the last time SGF doubled , in advance of a PP ( fall 2009 ) . If you recall last fall and before Christmas we were told by SGF IR that we should see the EIS by the end of 2011 . Ok, maybe Aug. 2012 is a bit off on that forecast. Then Feb. 29 th we heard of the collapse of a " late stage deal " with someone , likely a major miner. There was no shareprice movement based on rumour of that deal and the MM's and institutions likely know not to jump the gun on " potential deals " anyway. So this time around we have the release of the EIS and subsequent movement in the shareprice. And it appears as if one of the few suitors for this play are remaining in the diamond business unlike what many of the talking heads predicted. This assumes that Rio's half-billion $$ investment in India isn't going to be yanked in the future.
Ya, something appears to be afoot.
Crocky