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MellowYellow

1,612 Posts.

30/12/15

13:54

Post #: 16701921
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Originally posted by ryan1986 ↑

I agree - I guess that's the problem with such illiquid stocks, it can be hard to get in at the price you want, but also hard to get fast out unless you sell down. I haven't looked at SMM for a while, but I recall that only 3% or so of the company is available to public, the rest is owned by Paladin and someone else (can't recall off top of head).

Uranium will have it's day in the sun again, and these kinds of stocks will soar IMO, just like they did a decade ago. I think it may happen sooner than we think too, with a few countries gearing up for nuclear power as we speak.

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"Of all the commodities, only uranium has shown real growth over the last 12 months, according to a Macquarie analyst note."

http://www.*.com.au/uranium-only-commodity-to-increase-in-price-2015-8?r=UK&IR=T

Any thought @ryan1986 on a Uranium recovery in the new year?

Cheers

SMM Price at posting: 8.7¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $4.123M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$381	127.0K

Buyers (Bids)

No.	Vol.	Price($)
19	18298666	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	540108	3

Last trade - 13.06pm 27/11/2024 (20 minute delay)

SMM (ASX) Chart

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