I agree totally......but I am acutely aware that the sell down in June to 7.2c has knocked the stock out of a 2.5 year penant.
The only way to correct this technical failure is for the fundamentals to change over the next 6 months. I believe that future resource upgrades in Chile (never mind QLD developments) and the December 2006 half year results will be the catalyst for SMO to break 13.5c.
However, if my suspicions are correct, expect the same broker(s) to run the stock pre Christmas in anticipation.
I'm sure you would have recognised my 'number' in SMO over the past few months?
SMO
smc gold limited
I agree totally......but I am acutely aware that the sell down...
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