re: go sally go - now pre-open? Good announcement I feel - even the very profitable mining stocks need a bit of exploration "potential" to be given a decent rating and this announcement gives it to SMY.
SMY should have its strong positive cashflow operation from current mine ( production due to start in a matter of weeks) plus the upside potential of the Lanfranchi mine.
Didnt quite get the kick in the pants on the back of the announcement that smaller specs got with their much more dubious aquisitions a while back, but in my opinion gives the share price much more upside. Maybe the fact that the ann talks about raising the $12 million ( 75% of $16 million) partly through equity means there may be a rights issue, placement or similiar for the capital.
SMY
sally malay mining limited
