Hey gang, Yeh, I'd love to be buying some more. This dropping market, its just keeps going and going!!! In some ways i think we've been lucky to ride it out over the last 2 months sitting just above the $1 mark. The auto bots trading back and forth have been the only volume, albeit smallish. Other areas of the market during this time have been crunched severely! So its no surprise we're finally seeing a slide.
I'm a fan, as you know, so i'm holding for sure. As each super payment goes in I'll accumulate.
Our biggest hope for some excitiement is the approach they've received. I can't imagine any deals being done in this climate though. Still its nice to see some opportunistic interest! If these guys keep winning work, signing long term contracts, and hitting their targets, once the panic and fear subsides in the market as a whole there is no reason why these guys won't spring back.
I suppose their only detractor is they go under the radar, so they won't explode back up into the $2 range any time soon. Especially if punters see get rich quick shares/schemes elsewhere.
Another tough day ahead. Hope all the long term holders aren't changing their tune by choice or forced by margin calls and hopefully we'll again go under the radar and not get hit too hard. Time will tell.
PnB
SSM Price at posting:
87.2¢ Sentiment: None Disclosure: Held
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