SMI is the one that stuffed up here .
As an Australian company Instead of getting Kiwi locals onside and being upfront with shareholders about the environmental significance of the area , it has come in with all guns blazing and attempted to go for a fast track process of getting approvals for an open cut mine .
Only have to look at what happened with Talisman and theirs is a far less environmentally damaging underground mine to see why it is important to keep everyone in the loop in NZ
"Would not be concerned about anything published in the New Zealand Herald or on TVNZ or TV3"
So the main media outlets in NZ have it wrong ?
"As you are a non holder can only assume you are trying to lower Share price"
I would buy this at around half current market cap , which I am guessing would be what it is worth if it gets a mining approval for an UG mine
SMI Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held
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)