Stock Ratings / Materials / SIND / earnings

SSMR (43) SVM (46) DRD (47) PPTA (27) ⌘ Pro Terminal →

Sinda Ltd. (SIND) Next Earnings Date & Expected ±12.5% Move

$11.69 -2.91% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.61

Sinda Ltd. (SIND) carries a Roarable Rating of D (Sell) with 44/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record Warning: Scores below 50 (44/100 · D) historically underperformed SPY in 71% of rolling 90-day windows →

ROARABLE D • SELL / AVOID Cap $1.91B

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on SIND Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is SIND stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

▼

As of 2026-11-02, Sinda Ltd. (NYSE: SIND) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 44/100 at a spot price of $11.69 (-2.91% 1D, market cap $1.91B). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 9/20, and SEC Balance-Sheet Forensics 9/20. Active quantitative signal LIQUIDITY_TAILWIND (BULLISH, conviction undefined/100) notes: undefined.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does SIND compare to SSMR and SVM in the Materials sector?

▼

Within the Materials sector (Precious Metals), SIND carries a Roarable D (44/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of —. By comparison, SSMR (Sunshine Silver Mining & Refining Company) holds a D- grade (43/100 RQD, P/E N/A, ROIC —, cap $1.90B) and SVM (Silvercorp Metals Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.84B). Among the 5-stock peer group, SIND leads on earnings multiple (N/A) while PPTA leads on capital efficiency (-35.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for SIND?

▼

Per SIND's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0002096861), Sinda Ltd. generated $0 in revenue, $0 in net income, and $0 in free cash flow against $23.7M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $11.61 (-0.71%)🧬 Disciplined Float (-0.40% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 1.3% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record Warning: Scores below 50 (44/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-6.5% avg 90D alpha vs SPY • 29.0% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D+

Each axis scored 0–20

12M PRICE TARGET CONE-6.3% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for SIND)Realized 20D OHLCV Swing Band: ±12.5%

Deterministic 5-Pillar Attribution (44/100 Composite)

🔍 WHY SIND SCORES 44/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (30% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+10/20 pts (23% of score)

SEC XBRL FY 2025 (10-K): 1.3% FCF Margin ($53.5M FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C-$13.79-18.9% Next Q

Q2 (-2Q)

Grade D$11.19+1.8% Next Q

Q3 (-1Q)

Grade D$11.39+2.6% Next Q

Current

Grade D$11.69-6.5% Hist 90D α

Trajectory: C- (52) → D (44)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a SIND Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While SIND currently carries a cautious 44/100 (D) rating due to Whale & Options Positioning (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Materials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($14.04) and Max Pain ($12.27) forces dealer call-delta covering toward $19.90.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.40% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $SIND• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “SIND Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 44%NO 56%Trade / Inspect Odds →

NEXT EST. WINDOW: Dec 30, 2026 (~57 DAYS)

Historical OHLCV Volatility ±12.5% Swing Band

±$1.46 Expected Swing

MODEL EARNINGS SETUP GAUGE

SIND Quantitative Pre-Earnings Setup: 44/100

Trailing EPS: $4.25 • YoY Revenue Growth: 12.4%

Model Bullish Setup (44/100)Model Risk Weight (56/100)

Derived deterministically from RQD cash-flow quality, SEC accrual safety, and institutional flow (not a community poll).

LOG YOUR PERSONAL PRE-EARNINGS STANCE (SAVED LOCALLY IN BROWSER):

Recent SEC Reported Revenue, Net Profit & Diluted EPS Cadence

Period	Filed	Revenue	Net Profit	Free Cash Flow	Gross Margin
FY 2025	2025-12-31	$0	$0	$0	52%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring SIND)

✓Walkthrough of SIND's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

SIND // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -2.58%⚡ TESTING RESISTANCE

2026-11-02O $11.54H $12.04L $11.54C $11.69VOL 281.7K

RES: $12.21SUP: $9.74SMA50: $14.04SMA200: $13.98

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

SIND Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 SIND Butterfly Map → + Track SIND →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on SIND today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for SIND. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for SIND today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (SIND)

Materials Rank #174 of 270 ⚔️ SSMR vs SIND Full Matrix →

1. Head-to-Head Materials Peer Comparison (SIND vs. SSMR, SVM, DRD, PPTA)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Sinda Ltd. (SIND) ranks #174 by composite RQD confidence (44/100, grade D) and #115 by equity capitalization ($1.91B). Within this direct 5-issuer industry benchmark cohort, SIND leads on earnings valuation at N/A trailing P/E, while PPTA leads on capital efficiency and profitability with -35.0% ROIC and — gross margin. DRD currently holds the highest overall quantitative score in the immediate peer group at 47/100 (D) compared with SIND at 44/100 (D).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
SIND ACTIVE Sinda Ltd.	D	44/100	—	—	—	-2.91%	$1.91B	Benchmark Subject
SSMR Sunshine Silver Mining & Refining Company	D-	43/100	—	—	—	-7.25%	$1.90B	/ssmr-vs-sind →
SVM Silvercorp Metals Inc.	D	46/100	—	—	—	-4.10%	$1.84B	/svm-vs-sind →
DRD DRDGOLD Limited	D	47/100	—	—	—	-6.80%	$2.11B	/drd-vs-sind →
PPTA Perpetua Resources Corp.	E	27/100	—	—	-35.0%	-7.81%	$2.26B	/ppta-vs-sind →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2025–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0002096861

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Sinda Ltd. (SIND) reported GAAP revenue of $0 , GAAP net income of $0, operating cash flow of $0, and free cash flow of $0 . On the balance sheet, SIND closed FY2025 with $23.7M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: N/A).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$0	—	—	$23.7M	—

3. SIND Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is SIND stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does SIND compare to SSMR and SVM in the Materials sector?

What are the biggest fundamental strengths and SEC risk factors for SIND?

Where is SIND trading relative to its 50-day, 200-day, and 52-week technical levels?

SIND last traded at $11.69 (-2.91% on volume of 230,110 shares), positioning the stock -16.74% below its 50-day simple moving average ($14.04) and -16.38% below its 200-day simple moving average ($13.98). Across its 52-week range of $10.03 to $18.95, SIND sits at the 18.6% percentile with a 14-day RSI of 43.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($10.23 to $13.15).

SIND Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

When is SIND's next earnings date?

Based on SEC filing cadence, Sinda Ltd. (SIND)'s next quarterly reporting window is estimated around Dec 30, 2026.

How much is SIND stock expected to move on earnings?

Volatility modeling currently projects a ±12.5% event move for SIND, spanning a range between $10.23 and $13.15.

Direct Sub-Reports: SIND RQD Cockpit SIND 12M Forecast SIND Earnings & Move SIND Dividends & DRIP SIND Insiders & 13F SIND Whale Options SIND Profit Sankey SIND News & Why

ROARABLE RATING BRIEF • RQD 44/100 (D) ✓ STAGE-C NUMBER FIREWALL VERIFIED

SIND — Sinda Ltd.: What the Facts Mean to a Prospective Investor

Engine: anthropic/claude-haiku-5.5

As of: 2026-11-02T14:12:51Z

Roarable Rating Brief: What This Means to a Prospective Investor

Per the Roarable RQD rating, SIND scores 44 out of 100, earning a D grade and the verdict "Roarable Sell — Underperform / Distribution Warning." The five pillars are:

Fundamental Cash Engine: 10 / 20. Per the Roarable RQD rating, ROIC is 0% and FCF yield is 0%. This is the weakest-scoring area relative to its weight and signals that the company is not currently generating a measurable return on capital or free cash flow in the source data.
Whale 13F Flow: 3 / 20. Per the Roarable RQD rating, institutional accumulation and options positioning score poorly. Source data contains no 13F detail to explain the score, so the drivers cannot be verified here.
Insider Conviction: 9 / 20. Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow is weak. No transaction detail is present in the source data.
Macro Regime Fit: 9 / 20. Per the Roarable RQD rating, beta is 1.0 and sector sensitivity is scored at 9. Per the Butterfly Supply-Chain Graph, the liquidity-sensitivity profile is a separate signal (see the Butterfly Effect section) that the RQD pillar does not itself reflect.
Forensic Balance Sheet: 13 / 20. Per the Roarable RQD rating, Altman Z is 2.5, Piotroski F is 6/9, and Debt/Equity is 0.5. This is the strongest pillar, indicating a comparatively steadier balance sheet than the cash-generation pillar.

For a prospective investor evaluating the stock today, the implication is that the rating framework views SIND's risk-reward as tilted negative: the cash-generation and institutional/insider flow pillars are weak, while the balance sheet is the main offsetting strength. Upside would need to come from a catalyst that changes the cash-generation picture or from flow improvement; neither is established in the source data. The rating is a model output and does not constitute personalized advice.

Business

Sinda Ltd. (SIND) is a NYSE-listed issuer classified under the Materials sector and the Precious Metals industry, per the source profile. Per the source profile, it carries a market capitalization of $1.9B. Per the Butterfly Supply-Chain Graph, the supply chain is listed as "NONE" with no butterfly links. Not available in source data: specific products, customer base, and revenue model. Recent news items reference drilling and exploration activity, including a Mexico silver-gold project and a Caracol exploration decline, but these headlines do not establish the company's commercial sales.

Financial Trend

Period	Revenue	Operating Income	Net Income	EPS	FCF	Cash	Debt
FY 2025 (filed 2025-12-31)	$0.0M	$0.0M	$0.0M	N/A	N/A	$10.8M	N/A

Per the SEC financials, reported revenue, operating income, and net income are each $0.0M for FY 2025, and gross, operating, and net margins are 0% per market data. Per the Roarable RQD rating, ROIC is 0%. Per the Roarable RQD rating, the Altman Z-Score is 2.5, the Piotroski F-Score is 6/9, and Debt/Equity is 0.5, which together describe a balance sheet rated more favorably than the earnings base. Reported cash is $10.8M per the SEC financials; debt is listed as N/A in the same source.

Recent Catalysts & News Wire Analysis

Six recent items are tagged to SIND, all carrying a YELLOW light and a MARKET WIRE impact label. Headlines cover a short-interest report, a Mexico silver output timeline targeting 2031, a third-quarter and nine-month earnings release for the period ended September 30, 2026, a Q3 2026 results release citing continued drilling success and progress on the Caracol exploration decline, and Q3 drilling progress at the Mexico silver-gold project. Catalysts are exploration- and timeline-driven; the source does not provide the earnings figures themselves.

Proprietary signal per the Butterfly Supply-Chain Graph: a LIQUIDITY_TAILWIND signal, direction BULLISH, severity 94, with a Macro Tailwind Score of 96/100. The signal reports a 6.00x True Net Liquidity elasticity against a Net Liquidity Index of $5,745.73B (-0.64% 4-week rate of change, High-Yield OAS +2 bps) and a regression r of -0.19. This is a macro-sensitivity signal and is not a company fundamental.

Risk watch: the RQD cash-generation pillar and the zero ROIC and FCF yield figures, the absence of reported earnings figures, and the wide 52-week range of $10.03 to $18.95 all warrant monitoring.

Butterfly Effect: 2nd-Order Supply-Chain & Sector Ripples

Per the Butterfly Supply-Chain Graph, supply-chain dependencies are "NONE" and the butterfly link list is empty. Not available in source data: upstream suppliers, downstream customers, and sector correlation coefficients.

The one relevant ripple in the source is macro-liquidity sensitivity. The graph assigns SIND a 6.00x Net Liquidity beta, meaning the stock is modeled as highly responsive to changes in the Fed-TGA-RRP liquidity measure. The 2nd-order implication is that tightening or widening of system liquidity could amplify price moves independent of company-specific news. The regression r of -0.19 is weak, so this relationship should be treated as a sensitivity estimate with limited statistical strength. Investors should watch whether liquidity conditions continue to act as the dominant price driver relative to exploration progress.

Open Questions

What are the reported revenue and net income figures for the most recent period, given that the FY 2025 financials show $0.0M across the board?
Why is FCF listed as N/A and debt as N/A when the balance sheet forensic metrics (Altman Z 2.5, D/E 0.5) are scored?
What is the timeline and capital requirement for the Mexico silver project and the Caracol decline, and when are they expected to affect cash generation?
What is driving the Whale 13F Flow score of 3/20 and the Insider Conviction score of 9/20, given that no holder or insider transaction data is provided?
What do the Q3 2026 earnings results actually report, since the headlines reference them but the figures are not in the source data?

SIND Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Sinda Ltd. (SIND) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to SIND Debate Forum (3) ↓

🟡 MARKET WIRE TradingView • 9h ago

Sinda Ltd. Estimates – NYSE:SIND

TradingView report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 12h ago

Sinda Ltd. (NYSE:SIND) Stock Short Interest Report for September

MarketBeat report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE The Northern Miner • 15h ago

Mining Forum video: Sinda targets 2031 start for Mexico silver output

The Northern Miner report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE marketscreener.com • 18h ago

Sinda Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2026

marketscreener.com report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Business Wire • 21h ago

Sinda Ltd. Reports Third Quarter 2026 Results, Highlighting Continued Drilling Success and Notable Progress Toward the Caracol Exploration Decline

Business Wire report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Investing.com UK • 1d ago

Sinda reports Q3 drilling progress at Mexico silver-gold project By Investing.com

Investing.com UK report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE MarketBeat • 1d ago

Sinda (NYSE:SIND) Posts Quarterly Earnings Results, Meets Estimates

MarketBeat report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🟡 MARKET WIRE Business Wire • 1d ago

Sinda Announces Board Appointment and Key Leadership Changes as Sinda’s Project Development Advances

Business Wire report covering Sinda Ltd. (SIND) market action, institutional positioning, and fundamental catalysts.

Read Full Source ↗

🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

SIND Bull vs. Bear Conversation Board — What's Your Call at $11.69?

🐂 33% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON SIND 🐻 67% BEARISH CONVICTION

RO RoarDesk_Moderator Roarable Research Desk 🐻 BEARISH 🎯 Target: $10.60 (-12.0%)

📌 Pinned Debate

🔥 Official Bull vs. Bear Debate: Is SIND (D • RQD 44/100) a Buy at $12.04?

Welcome to the SIND (Sinda Ltd.) Roar Pit. Current RQD Composite is 44/100 (Roarable Sell — Underperform / Distribution Warning) in Precious Metals. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.

SH ShortSeller_Dan Forensic Accounting Watch 🐻 BEARISH 🎯 Target: $9.75 (-19.0%)

Spot @ $12.04

Pump the brakes on SIND — check the valuation vs. margin headwinds

Everyone in here is repeating the bull case on SIND, but look at what you are paying: current EV/EBITDA multiples with tightening sector spreads. Unless Sinda Ltd. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.

MA MacroHawk_NYC Verified K Arena Trader 🐂 BULLISH 🎯 Target: $14.09 (+17.0%)

Spot @ $12.04

SIND cash flow & RQD setup is being underpriced by the Street here

Looking at the 5-pillar RQD breakdown on SIND, the market is fixating on short-term headline noise in Precious Metals and ignoring the balance sheet and cash flow trajectory. At $12.04 (52-wk range $10.03 - $18.95), any beat on forward guidance forces shorts and underweight funds to chase.