Australia's largest stock trading and investment forum Australia's #1 stock forum

SMC

Click for more information

0.00%

49.0¢ strategic minerals corporation nl

Yes well done Veronica - I could also smell a rate with the last...

First 4 Last

Share
Profile

Follow
2105

1,683 Posts.

285

11/01/18

11:55

Post #: 30222446
Share

Originally posted by eshmun ↑

Doesn't look like a panel has been formed yet so I don't know if this application has much chance of success, but good on you for trying Veronica. You are a legend.

I think based on ASX peer comparisons, against other companies with similar size resources and stages of development, the offer significantly undervalues the assets of SMC.

Wallin has been very patient and strategic in the way he has gone about taking over this company. The market for the stock was destroyed by the first TO attempt. Of course the company is worth way more. Why else would he want it all for himself.

I actually hope that he has miscalculated and the development costs weigh the whole project down forever and he gets stuck with a go nowhere resource or a loss making mine. That would serve him right for being so greedy. Esh

Expand

Yes well done Veronica - I could also smell a rate with the last share placement - who would take part in that with out having a pre-arranged exit strategy....

Unlike you Esh - I want a fair price for my shares rather than have them locked away for ever....

SMC Price at posting: 40.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

OJC

SPC to merge with Original Juice Co and Nature One Dairy

COB

Cobalt Blue sees A$60M price tag for Kwinana, WA refinery – but $68M value for stage one

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

First 4 Last

Add SMC (ASX) to my watchlist