SMM 0.00% 0.4¢ somerset minerals limited

buyers returning 13c is a bargain folks, page-26

  1. 3,701 Posts.
    lightbulb Created with Sketch. 176
    Kat
    this not new news. The presentation in Feb also says 50M from july 2008.

    The october presentation did say from Jan 2008 but that was before the completion date of project 3000 was initially moved out in the October quarterly.

    You say "This is going to be very slow in going forward" and I agree completely

    Until the punters recognise this they will continue to over hype the stock and then be disappointed when it does not meet their own hype.

    I am not sure if everyone has noticed yet but we are in severe BEAR market conditions. That means that stocks will respond negatively to bad news and pretty much ignore good news.

    In bear markets very little money can be made. It is a time of positioning. When the good times return then stocks like tamaya will rise quickly.

    It is highly likely the majority of market punters have never seen a bear market and continue to apply bull market rules and then wonder why a stock is not rising.

    I would be interested in what sort of price targets poster here have. I would be very happy if Tamaya reaches 20 cents by dec.

    Longer term (2,3,4 years) the price can get to 50, 60, or $1. The potential is huge. However we are in a bear market and potential counts for zip. Investors are lucky if they can see past next week.

    I am a huge fan of this stock and have a big holding but i also recognise that I may have to wait probably 4 or 5 years for the really big payoff. I am prepared to be patient

    In the meantime I am still expecting the share price to be higher in Dec than it is now as the full value of project 3000 gets recognised. By dec we will probably have project 4000 in develpment
 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $4.123M
Open High Low Value Volume
0.5¢ 0.5¢ 0.4¢ $13.01K 3.228M

Buyers (Bids)

No. Vol. Price($)
6 6496667 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 7687595 12
View Market Depth
Last trade - 16.10pm 11/10/2024 (20 minute delay) ?
SMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.