SMM 12.5% 0.4¢ somerset minerals limited

brr announcement what did it contain folks, page-22

  1. 2,661 Posts.
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    top-pick

    This will be good for a long term hold. I still think .25 by year end 08. Thats if project 3000 goes to plan.

    I am not downramping TMR, but I do think this management is questionable (to say the least). I didn't feel that confident after listening to the BRR about Armenia. In time the copper part of the business will be the focus and the market will forget about Armenia. Problem is now 1 billion plus script and that will determine the pe going forwards. Of course that changes if they can issue drill results for Armenia that show a clearer picture, but they did say they will not be releasing the drill results in a hurry.

    This company has promised too much and delivered very little. Just the dumbass comments like "doing a share buy back for the TXS listing"..just rubbish.





 
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