Correct me if I am worng, but with more than 50% of SMM PDN can now place its own board members, or even repalce the entire SMM board. There is then nothing to stop it as a majority shareholder controlling the board from delisting the company from the ASX. In that case all of the minorty sharholders can try to get sell their shares privately for a few dollars, or even cents!!! Compare with what Cemex is doing to Rinker shareholders! It is threatening if it gets 50% to repalce Rinker board, and htere is the possibility of Rin being delisted from ASX and NY. Cheers holders and think about the options but not for too long. My position? - I converted my SMM to PDN.
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SMM
somerset minerals limited
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2.3¢

for smm holders sake sell, page-10
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $14.83M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $2.398K | 104.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 518204 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 1154172 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 518204 | 0.023 |
11 | 1431716 | 0.022 |
7 | 1768619 | 0.021 |
9 | 1871500 | 0.020 |
2 | 750000 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 1154172 | 6 |
0.025 | 840313 | 3 |
0.026 | 750000 | 3 |
0.027 | 1497325 | 5 |
0.028 | 841645 | 4 |
Last trade - 13.03pm 18/07/2025 (20 minute delay) ? |
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SMM (ASX) Chart |