Slogger, the SMN price will rally from today's close of $1.865 to initially about $5.00 when the expected announcement occurs regarding the finalization of the contract that is being negotiated. It was hoped it would be announced before Christmas but January will do.
I have copied my initial posting for this thread as shown below. You should note that the valuation os ACR was less than 30 cents per share. Well we have reached 30 cents & if you still own ACR you did not take heed of my warning.
"The following is a copy of a post I made on 19/5/2015.
"Today I attended a presentation meeting from a listed investment company (LIC) & asked the question about their shorting of ACR & if they had reduced their exposure as they had previously held a significant short position for a few years.
The reply was, yes they had reduced their exposure, still had a short position & that they believed the stocks valuation was less than 30 cents per share.
I am simply the messenger so I will leave you to form your own conclusions."
The above post proved to be very accurate.
The warnings I gave at the time appear to have gone unheeded by most of you. The price at the time of the above post was 92 cents.
The only reason I made posts for ACR is that I was aware that the stock was not worth the money being paid & to act as a warning for HotCopper readers & posters to not lose their money.
Unfortunately few appeared to accept a warning made in good faith"
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