bikenut, I understand where you come from. I hold SMC for hit or miss, mainly for its uranium asset. The JV agreement require Ox spend $8m within 18-24m to earn 51%. It could produce something very interesting.
About Takeover possibility, I think it is very likely. Ox is very interested in uranium recently. Gold+Uranium, what a combination.
Also, I have to tell you, I own a bunch of stocks similar to SMC, for the same purpose, hit or miss. It is very tough to bet on one horse. I only need a few with super return to offset some dogs.
SMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
