The Annual Report basically sums up the 4c's!!!
There has definitely been some selling in the last 4 weeks, however, encouragingly, that's been met by strong buying! As witnessed by the $4.2m exchanged early this month!
We dipped below $1.00 5/6 weeks ago....so where we sit today is ok by me!
This company doesn't make announcements to appease the market.....it is bigger than that now!
SM has stated numerous times, until the deals are concrete, they won't announce them! I'm certain they have plenty happening in the back ground, why else would they hire 14 new staff members!!
The selling was desperate late in the day on Friday, for whatever reason, the only thing I can think, is it may have been pressure on the holder from elsewhere...
All the other previous selling has been soaked up by keen accumulators, who by the looks of the share price are still out there and hungry for more!
GLTAH
Ann: FY19 Results Commentary, page-11
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