SMD
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0.00% 1.0¢ syndicated metals limited

to be frank, i think there is a bag or two in this one too....

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  1. hawkduka
    877 Posts.
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    07/04/12
    22:10
    Post #: 9953661
    to be frank, i think there is a bag or two in this one too. about 12months ago there was a spike from mid teens into the 20s based on some drill results. a re-rate leading to a return to mid 20s would do me fine.

    still got good prospective ground and a low number of shares on issue. drill results indicate copper systems are there. market cap is around 10m which ex cash values the tenements at ~7m. this seems to be too low given the location and results to date.

    hence my view this one represents good value at current prices.

    glta
    SMD Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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