Search Minerals Inc V.SMY

Alternate Symbol(s): SHCMF

Metals & Mining Industrial Metals & Minerals

Search Minerals Inc. is a Canada-based integrated mineral exploration and development company. The Company is focused on developing critical rare earths elements (CREE), zirconium (Zr) and hafnium (Hf) resources within the Port Hope Simpson-St. Lewis CREE District of Southeast Labrador. The Company's projects include Deep Fox Resource, Foxtrot Resource, Fox Meadow Prospect, Silver Fox Prospect and other REE prospects, including Fox Valley, Foxy Lady and Awesome Fox, along a 64 kilometers (km) long belt forming a REE District in Labrador. The Deep Fox Resource is located approximately two km northeast of the port of St. Lewis on the southeast Labrador coast, within 12 km of the Foxtrot resource. The Fox Meadow Prospect is located approximately 11 km west of Port Hope Simpson and one km northwest of a gravel forest access road which extends southwestward from the Trans-Labrador Highway. The Red Wine property is located approximately 80 km north-east of Churchill Falls, Labrador.

TSXV:SMY - Post by User

Search Minerals Inc

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Comment by Jmarks7on Aug 30, 2004 5:28pm

244 Views

Post# 7866157

RE: A penny here, A penny there.

Don't think that penny has anything to do with positive news. The ask side was heavy for the best part of the day, with weak bidding. At one point there wasn't a sale for 2 hrs. We need some volume to move the pps. I would hazard to guess some large players are selling to retails, but aren't willing to dump (which is nice to see). However I agree with your point regarding forward movement. I'm strapped in and awaiting the take off of Spaceship SAMsys

John