Unless SM delivers new exciting results from the Kalgoorlie 'prospects' beyond Cannon, then I expect no change in the SP and liquidity. The market's appetite for 'Blue Sky' appears to be saturated - SMTM.
Perhaps the slow progress with Glandore etc is understandable, after all, in this age of terrorism, you got to be careful in old minefields. The chairman's gesture of a recent on-market purchase of 10,000 shares alas, did not ignite trader's alarms.... sigh ... perhaps 1,000,000 might do the trick.
SAU Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held