If the story is so good with this stock...why has it not shot over the $5+ mark given there is a floor of around $5 b/c of the takover.
Seeing a different pattern than WMR - even though WMR was a given for mining - but look at the cost of Olymic Dam etc....
Is there the potential for a big player to come in and begin a bidding war? Eg. ERA (RIO), BHP etc.....If the potential is there?
I read that given the takeover U308 prices per tonne paid last week for a canadian company would value SMM at around $8 per share and PDN around $16-17.
Do you think cappers are at work? Looks like a base of buyers and sellers has now formed.....
Strange trading.....
TheGIMP
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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