SMM have reached their cap in the SI. They CANNOT take on anymore tenements. The CoA explicitly stated this fact. They went to the CoA to avoid paying $5m to AVQ. Now for those who think they will give up one of their existing tenements for Isabel, would you give up on a deal where you're giving the landowners 2.5% to chase something where you will need to offer 20%? SMM got greedy, as all major multi-nationals get. Now everybody knows how much SMM was ripping of the landowners, they've been caught out
Now that the SP seems to have stabilised, let's what the price go back up
AVQ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held