Solid
What's nice about SMF is that it now has a following. There are 10 analysts covering with 7 strong buys and 3 holds. One of the holds is Scotia who went out on a limb the other day and gave it a $7.00 target......when it was trading at about $7.50.
A bought deal at $6.95, price of gold $100 above last Qtr's average selling price and all parts of the business running efficiently. What's not to like.
I've been in this stock as low as the 80's, flipped a few times and managed to take advantage of a dip a few weeks back too. SMF with very little debt is postured very well for to be a star in the future. Redback took a big run and now Kinross has taken a piece. I think SMF will be the next big one.
I called $8.00-$8.50 by the end of June but based on trading earlier in the week maybe $9.00 is realistic.
Wes