SMM only has prospects in Qld which currently opposes uranium mining. SMM would require huge borrowings to set up the plant for recovery and concentration of uranium with associated lag time in producing returns. The shares appear overvalued with the recent spike. It wouldn't be possible that PDN could organise trades in its own shares to improve the asset value of SMM would it? It would be interesting to see the Chess Holding Statements for these recent trades. The small trade volumes coupled with the rapid increase in sp is unusual.
Summit & PDN, page-66
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Last
$7.26 |
Change
-0.080(1.09%) |
Mkt cap ! $2.201B | |||
| Open | High | Low | Value | Volume |
| $7.45 | $7.47 | $7.25 | $7.249M | 983.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2678 | $7.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.27 | 4150 | 16 |
View Market Depth
| Last trade - 11.36am 15/11/2024 (20 minute delay) ? |
| PDN (ASX) Chart |