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.
- Forums
- ASX - By Stock
- so obviously capped
SMO
smc gold limited
It's always the case, a good qrt ann comes out and a strong...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, CEO
James Graham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online