Whilst SMY remains a potential takeover target, I believe the recent gains are mainly related to a booming nickel price. All other nickel stocks on my radar are flying up as well. Now that AXA and PH have finished selling it's taken a bit of the downwards pressure off the share price and allowed it to come back to it's true value. Happy to be proven wrong though, and I would be at the front of the queue cheering if a reasonable takeover offer landed on the table.
SMY Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
