SMM 33.3% 0.4¢ somerset minerals limited

good time to buy, page-5

  1. 18 Posts.
    My fear with this thing (bought in at about 25c), is that somebody's going to take it private for 5c to 10c - as the previous poster pointed out, they've got $20-30m in cash they just raised via institutional placement and spp, and they're knocking out 3000tpd in ore, and in some instances, quite a bit more.

    And of course there has to be some value to the other assets (additional tenements in Chile, plus Portugal and Armenia) - while it may be low, those assets are not worthless.

    I'm trying to decide if I should average down, but of course it's the old falling knife analogy.

    What to do....
 
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