Comment by MisterMarketon Dec 14, 2021 1:34pm
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Post# 34229706
RE:RE:winter
RE:RE:winterI have owned SMD since 2014. Recently I sold 1/3 of my shares to buy something with better chances of making money. I still have lots of SMD.
Going forward they should pick one of their projects and do some driling on it like they did in 2020 with Mt Hinton. They should pick 2 or 3 projects, drill on one and while waiting for results drill another and keep going until they find something. After 1 or 2 years of drilling on a discovery their SP should better reflect the value of the company.
Reading through the MD+A one is quite impressed with all the projects they have and the results of the work done. They seem to be preparing the projects to farm out. They have optioned out lots of properties. It doesn't work. The SP breaks above 50c sometimes only to fall back down.
They have good properties and they should make more efforts to do somethig with them like theydid on Mt Hinton. If they make a discovery they could consolidate the shares to raise money and keep drilling. Then the company's shares will start to trade in dollars instead of cents.