It's always the case, a good qrt ann comes out and a strong response occurs followed by a sell off.
In the last 2-3months smo have doubled in price so profit taking from traders is only natural.
By Feb-Apr SMO could very well be at much higher prices (at a silly guess 40-50c) with an approx market cap of around 200-250mill, very feasible. Again this is assuming copper prices hold up and production continues. With further exploration and now self funding without the need of (hopefully) too many cap raisings I think theres lots of go left in SMO.... the fun has just began.
I made the mistake of selling half of my GBG holdings at 20c last year.... could have bought two houses instead of one now... not making the same mistake again.
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so obviously capped, page-4
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