I took an initial position at 2c in SMD a few days ago. IMO SMD is going to be a major success story in 2018 , the present drill campaign is obviously an extension of Westralia 1.6 moZ Dacian Gold asset and it is obvious some one is accumulating the shares for a really long time now looking from the LT charts.
I can read a LT chart or two, have some advanced stuff which can fairly predict the SP outcomes over the longer term.
I have been watching SMD for a few months before getting in.
Strong support at 1.75c , the 200 DEMA.Very little chance of SP falling below 1.8 c now.
Just was seeing the posts, no doubt Andrew will not talk , he knows what he is coming in 2018 here.
Now for my SP LT trend view, there is only one doubt for me in SMD, is this is a ten bagger or a hundred bagger over next year or two ? I would think it is more towards the latter than the former, but ofcourse I can be totally wrong about this view. DYOR GLTA.
SMD Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held