SMM 25.0% 0.3¢ somerset minerals limited

any guess how low it can go, page-4

  1. 73 Posts.
    Hello Spud
    We seem to have settled at or near the bottom,lets face it, can't go down much further, someone has off-loaded several million shares today spooking us all. Volume has been low for the last few weeks,price fluctuating around the 3 cent mark.RSI is turning up, could be a good sign.
    The major concern is cash flow, if the copper price should fall below the 5 year trend or there is a major disruption at the mine then TMR is in serious trouble.
    We need some really good news, ie sale of Armenia,big rise in CU price, takeover etc to move the SP I don't think getting rid of the CEO would make much
    difference,better the devil you know.
    Also all who have bought and held over the past 12 months are underwater at the moment, expect a lot of resistance to an upturn.
 
watchlist Created with Sketch. Add SMM (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
-0.001(25.0%)
Mkt cap ! $3.092M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $243 80.88K

Buyers (Bids)

No. Vol. Price($)
19 5707690 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 2951264 6
View Market Depth
Last trade - 13.25pm 09/09/2024 (20 minute delay) ?
SMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.