SMM 0.00% 0.3¢ somerset minerals limited

Ann: Ceasing to be a substantial holder - Sprott, page-68

  1. 1,609 Posts.
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    Looking forward to seeing where I sit in the top 20 . This reminds me a lot of how SPX played out in the early days with the SP languishing after a placement @2c then drilling delivered the grades and extensions which rerated the MC steadily while they built a solid resource albeit with grades that sometimes did not impress . Next thing you know 1832 Capital a subsidiary of the bank of Nova Scotia takes significant equity in SPX @6 odd cents and ultimately it gets taken over buy RMS @15c resulting in a life changer for myself and many others.
    Moral of the story is patience is required here ! The company has only just begun its journey to add to its current resource @B/E and there will be high grades and low grades along the way , however management has a significant head start with historicals and a current Canadian equivalent of a Jorc . With a MC circa 20mill this is very cheap IMO . Gltah...
 
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