SMM 0.00% 0.3¢ somerset minerals limited

Just goes to show how tight the information was held. If you...

  1. 1,256 Posts.
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    Just goes to show how tight the information was held. If you look at the action over the last 2 weeks, it is pretty obvious that somebody had exuberant confidence. There were many very large parcels purchased and it smells a lot like insider knowledge.
    That said the resource upgrade is great, especially the extra .5million tonnes that almost certainly will come on line from Block 1. It would be very unusual if Block 4 didnt extend into Block 1 and the passing note at the bottom all but confirms that Block 1 has the goods.
    Where to from here?
    My guess is consolidation at the 23-25c mark. After holding for 3 years or so I am almost ready to trade the highs and do some ridiculous short term plays with this stock.
    My 1 year target is still 70c and at the rate we are seeing upgrades, mine expansions and drill programs coming to fruition it may be sooner rather than later.
    It would be nice if TMR could expand operations substantially to become a mid tier miner over the next 2-3 years.
 
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Last
0.3¢
Change
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Mkt cap ! $3.092M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $4.222K 1.407M

Buyers (Bids)

No. Vol. Price($)
19 16275000 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 1304545 3
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Last trade - 10.08am 08/08/2024 (20 minute delay) ?
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