SMM 0.00% 0.4¢ somerset minerals limited

Ann: Quarterly Activities Report, page-54

  1. 330 Posts.
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    https://hotcopper.com.au/data/attachments/2861/2861274-5fc3edd81ef3ec5cebc3d4a2be1e3bdc.jpg

    Can't remember who mentioned that the TA has broken. But I tend to disagree, slightly. I thought for sure we were heading to 20cents.
    But the volume is consistent. Plenty of shares are getting dropped, but good support has been buying.

    If we can just keep around these levels until the assays drop. I'm confident they will be significantly bigger than the MTC comp. We had visible gold in multiple cores.

    Also back on a few of you mentioning that Brendan Borg was the seller. I really do not think it was him. Firstly I don't think he would have done it because surely if anyone knows the gold is there, it's him. It wouldn't make sense to sell out just before market news. Secondly I don't think legally a director can sell OR buy around time of market sensitive news and reporting etc.
    Also if he was the seller, I'm pretty sure they need to issue a change in directors interest notice immediately. As in, if he was selling within the last fortnight, the company would know about it and they would all be in strife if they did not make that announcement public.

    Probably just some other big cat moving their shares around
 
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