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Gryph. Early days. First of all there was a general sell off anyway , so for SMM to hold up reasonably well is good albeit low volume.
Wait for the resource upgrade, new drill results, the PDN/VUL challenge and the significance of the Georgina Basin acquisition to sink in.
If after all these announcements there is nothing significant then I can see the s.p sliding.
I still have faith in the potential of the company and if you go into their website and see all those positive reports its hard to believe that those analysts in the different countries are all wrong.
In U equities I still hold PDN and AGS but SMM is still my preferred stock.
But although a long time investor I am a small investor so take my views with a pinch of salt .When some of our more knowledgable H.C traders talk about charts and fibs and waves and intersects and co ordinates,while I respect their views its like a foreign language. But Stolwyk seems confidant with SMM and he seems have his finger on the pulse. A small bet ,1.80 plus by the end of the month. IMHO