Here's an excerpt on SMD from 'The Australian' newspaper today guys:-
Syndicated Metals (SMD)
AS dead as the broader market is, there remains a definite appetite for juicy exploration hits, but a junior company has to have a drilling program booked or under way if it is going to have any chance to join in on the action. Decent hits come secondary to that, in a sense.
It is for that reason that it is worth noting the new guard at Syndicated Metals is to kick off a refocused exploration effort at its gold/copper projects in the Mount Isa region. So there should be decent new flow in the next couple of months as Syndicated sets out to expand the resource base at the Barbara copper property. It's all that can be asked of a junior. The stock last traded at 8.1c for a market value of $11m.
Ends.
SMD Price at posting:
7.9¢ Sentiment: None Disclosure: Held
