SMM 0.00% 0.4¢ somerset minerals limited

Hi longline....Well, since you asked!An old trick by drilling a...

  1. 175 Posts.
    Hi longline....
    Well, since you asked!

    An old trick by drilling a hole at a location where mineralisation is already known and announcing it as a new discovery is known as a "directors hole". Usually a tactic used to boost the SP for any number of reasons.
    I fell right in one once... cost me plenty!
    couldn't figure out why there was no significant follow-up until I read about the practice {investing in australian mining stocks by Trench&Judge.}

    I mention this as a general comment only !
 
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