SMM 0.00% 0.4¢ somerset minerals limited

up on a down day, page-2

  1. nsh
    812 Posts.
    The Australian market is like a bunch of blinded sheep, fretting over any movement of the dow, one day trying its guts out playing catch up, the next deciding to mimic them in a sell off spurred by their rates concerns. We have our own rates concerns but we don't lose this much from the ASX200 when they come to surface. What a joke. In any case, the market as gone nowhere for too long, and thankfully, PEs are looking the goods again.

    This doesn't have much impact on TMR's price. What I don't understand with Tamaya is that there are so many sellers of this stock when it's in such a growth phase. Why would you be lining up to sell this when they are in the middle of doubling production, and have secured a massive gold resource? Neither of these two events has been represented in the share price.
 
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