With the resignation by Keith Liddell from the SMY board it leaves a question mark as to what Mineral Securities will do with their 7.6 million share holding in SMY.
Looking through their ASX report in April 2005 they valued this holding at $6.863m, now today this has degenerated to $6.329m a reduction of over $500,000.
With Keith off the board they can sell down without regular disclosures.
Keith a substantial private holding in SMY too.
SMY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
