SMM 0.00% 0.4¢ somerset minerals limited

slight retrace on the cards

  1. 4,504 Posts.
    Looks like a slight retrace to 17c is on the cards again folks.

    This should not been seen as a negative as TMR did rise strongly from 13.5c to 21c in a very short amount of time so a retrace was always going to occur.

    Retrace to 17c again and then another upwards movement of 20c+ imho.

    Good news is that Copper is sky high so as long as TMR can prove to the market that it can infact reduce its costs, then it'll skyrocket. If the next report still shows costs of $2.30 - $2.70 then the market will punish the SP again imho.

    Goooo TMR
 
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