RE:RE:RE:Sierra Metals(SMTS)kha341 wrote: Drhoho wrote: 1:00 PM: STMS has been as high as $2.83 today, now has traded over 12.5 million shares now @~$ 2.50, or up ~40 % at this number. .
In addition to Arias, another common point between Sierra Metals and Largo is the fact that both of them have strong fundamentals. Largo’s share prices are being manipulated downward amid a bearish market sentiment. Nothing can really explain the 40% straight decline in Largo’s value in less than 2 months. The drop is so artificial that it will be likely, imho, offset by a fast & furious turn around based on Largo’s real fundamentals. If SMTS can jump up that high amid a bearish market sentiment then so can LGO.
The coming production NR could be the trigger for the comeback.
SMTS closed up 35.56% today. After today’s closing price of C$12.96, an increase of 35.56% would push LGO to C$17.57… still way undervalued.