After watching SMY for a while, thinking id missed the boat, finally got some in the wet season no news blues. Thanks to people on HC who alerted me.
SMY will shortly begin production from its Nickel mine. Its output has been hedged at a price 20% above financiers requirements. It reserves were upgraded in the last month.
Theres a LOT of output shortly to be happening ( read the announcements) and SMY will soon be earning a lot of money. They expect later this quarter.
Why isn't this all fully factored in already in price? The wet season has slowed things down temporarilly, and the initial hubub has died down. The spec stock is about to become a value stock.
Holding with medium term confidence.
SMY
sally malay mining limited
After watching SMY for a while, thinking id missed the boat,...
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