SMN structural monitoring systems plc

2.73%

56.5¢

SMN - Chart, page-3610

First 3610 Last

Share
Profile

Follow
Lies&damnlies

3,305 Posts.

2292

08/12/24

21:19

Post #: 76963547
Share

Originally posted by OptiontraderMGR: ↑

Hatrack, I try to look at the whole picture. I am still positive that Boeing and the FAA will give our technology the approval for which SMN has been seeking for many years.

However, in hindsight management in my opinion have made some mistakes. Call it greed, Call it Red Tape; Call it incompetence or just Call it unlucky BUT here is my take on the Equity Raise over the last few years.

I participated in the Equity Raise at 0.90 cents against my better judgement. From the get go I was not going to buy in. However I got caught by the principle of "Adverse Selection "

I read the announcements of Bryant buying shares at this juncture. It help me to change my mind.

I purchased shares at 0.90 cents for which the share price has never been higher since after the closing date of that particular Equity raise in 2021

The main fact in this Equity Raise is this: Management are selling the stock down in valuation of every metric under the sun.

If anyone is having problems understanding my statement, I challenge anyone on HC to explain to everyone here which has the greatest value of these two sums:

a) 0.52 cents or
b) 0.90 cents.

Which Options has the greatest return for both the company
and it's share holders:

a) 0.78 cents or
b) 1.20 cents?

THE company is selling down the stock price. In business the price is the price. This second price is way lower now than the last major Equitu Raising. REMEMBER in Economics when you learned about
trade off's. Giving up one thing to gain another. In this case lowing the last 20 or so trading days to give away shares at the lowest point possible @ 0.52 cents when an even 0.60 cents would have been sufficient.

THUS increasing the number of shares on issue.
Also in my opinion only, my options that expired worthless should forever stay expired. I personally do not agree with that AGM vote to bring back the dead!

Another incorrect move in my opinion by management.

Get the share price over $1.20 then do another Equity Raise with REAL value being add to all share holders wealth.

All my opinion only.

Enjoy the flight.

I can see where Lies is coming from, and I am just hopeful that from all the testing of CVM sensors that the FAA with Boeing and the evidence through Delta installations that all parties can finally come together and support new technology in 2025 for the future of aviation and beyond.

Expand

Don't doubt for a minute that FAA approval will happen, Just how long it will take and where the SP gets to in the interim.

SMN Price at posting: 48.0¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

ASE

Astute delivers high-grade lithium hits at Red Mountain

First 3610 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 56.5¢		Change 0.015(2.73%)		Mkt cap ! $87.23M

Open	High	Low	Value	Volume
56.5¢	56.5¢	54.0¢	$62.49K	112.1K

Buyers (Bids)

No.	Vol.	Price($)
1	16007	55.0¢

Sellers (Offers)

Price($)	Vol.	No.
56.5¢	19512	1

View Market Depth

No.	Vol.	Price($)
1	8600	0.540
3	16057	0.520
1	20000	0.515
2	6250	0.510
2	3500	0.500

Price($)	Vol.	No.
0.565	19512	1
0.580	4853	1
0.585	12008	1
0.590	20000	1
0.600	15050	2

Last trade - 15.57pm 25/07/2025 (20 minute delay)

SMN (ASX) Chart

SMN - Chart, page-3610

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SMN - Chart, page-3610

Top Stories

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Astute delivers high-grade lithium hits at Red Mountain

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News