I do not agree with the "push and sell" sentiment currently circulating around this stock and company. While it's understandable that some HotCopper members may take that view, it likely stems from a short-term investment mindset.
A more astute, long-term investor would instead focus on thorough reading, research, and even direct engagement with the company's directors to understand their strategy—particularly regarding the tenement adjacent to White Cliff Minerals Ltd (ASX:WCN). Notably, White Cliff Minerals currently holds a fully diluted market capitalization exceeding $100 million.
There is undoubtedly ongoing downward pressure on the share price. This can be attributed to several factors, including recent capital raising, the activity of short-term investors, and brokers accumulating stock in the lead-up to drilling. However, once this "cleansing period" concludes, I believe the share price will begin to reflect the company's true value and potential.
I continue to stand by my price target of 2.9 cents, which represents a market capitalization of approximately $12.5 million—a realistic and justifiable first target for investors. Good Luck!
- Forums
- ASX - By Stock
- SMM
- Ann: Completion of Coppermine Project Acquisition Adjacent to WCN
SMM
somerset minerals limited
Add to My Watchlist
6.67%
!
2.1¢

Ann: Completion of Coppermine Project Acquisition Adjacent to WCN, page-16
Featured News
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.
|
|||||
Last
2.1¢ |
Change
-0.002(6.67%) |
Mkt cap ! $8.877M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $59.41K | 2.780M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 3372256 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 420000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 3372256 | 0.021 |
8 | 6616845 | 0.020 |
4 | 943065 | 0.019 |
2 | 366000 | 0.018 |
4 | 1800000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 400000 | 1 |
0.023 | 795344 | 2 |
0.024 | 1028000 | 2 |
0.025 | 725996 | 3 |
0.026 | 500000 | 4 |
Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |