Given the alternative is mass dillution at low prices to continue to trade i'm delighted with this deal. The directors are in at 7 or 8c so any lowball takeover would have to be above these levels which even though would represent a 60% loss for me is better death by dillution.
If you were confident in the outlook for copper then current prices looks pretty tasty especially now that CR has been ruled out in the short term.
SMD Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
