Based on the current resources a fair valuation for SMM would be a price around $5.32 - given recent takeover valuations.
However, if you believe that: 1. they can expand on their resource 2.the price of Uranium will go up and 3.the valuation metrics used to assume control of companies is increased above $32,
then SMM is being acquired quite cheaply.
Also I was reading that the scrip offer for SMM essentially leaves cash available for more PDN takeovers.
The question I have is:
WHO will they take over?
DYL - which the maker of paladin (the russian berkovaadaazsscoff) has vested interests in and has purchased the same info at the same time to create PDN and analyse SMM?
BMN - proximity etc.
TheGimp
SMM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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