Honestly I can't see any other reason for the sudden interest in SMM. If the buying is in anticipation of a run up in the long term price of Uxc, then we won't see any of these assets developed for a bloody long time.
The only plausible reason for any activity in the SP of SMM, may well be the possibility PDN corporate advisors are trying to sound out possible scenarios to off load PDN's Australian assets. Then again I maybe totally wrong. On the other hand the SMM joint venture with AML may have uncovered some worthwhile exploration results.
All this crap about cross trading and manipulation is total rubbish. It's an illiquid stock and will fluctuate accordingly.
SMM Price at posting:
65.0¢ Sentiment: Hold Disclosure: Held