Strategic Metals Ltd V.SMD

It's Not Over Yet

[MisterMarket]

Well it wasn't the source of the placer gold at the bottom of the mountain.  Drill results can be good or bad.  Often the SP is driven up in antcipation of good results only to sell off when they are released.  I had my doubts the results would be good.  Questions about continuity. width of mineralization, and the ability to buil;d up tonnage.  If the results were good it would be possible to buy in at a fair price with the hold period for 10 million shares having just ended.  If bad, I could buy more cheap SMD shares.  I doubled my posiotion at my average price of 43c.

Last year I didn't sell off when the dismal exploration results came out.  It saved me having to hustle up the funds to buy shares in spring.  The SP held up quite well despite the brief drop in mid-March when I bought a few shares at 26.5c.

Remember the market moves up and down and keep a few funds available for that buying opportunity.-----MisterMarket

[Fortunate1]

Agreed.  It is far from over...  I bought 25,000 more shares in this downdraft--at C$0.425.  Now with a market cap of ~C$42mm, SMD is priced ~C$22mm BELOW its book value (comprised of cash, wholly-owned property interests, the value of it's 5 main portfolio companies, as well as other, smaller investments.)  We'll see how the other Mt. Hinton drill holes come in

[initto]

We are just taking the scenic route to success.

[desertmule]

IMO I think the sooner we get the next batch of results the better..... if they are bad it'll really sink the stock price .... so a long wait will not be good ..... that financing stock is now free trading ... its actually good the stock didn't go to high, if and I mean IF we get some good hits this stock will really fly .... a lot of the wimps have sold ...personally I'm still holding

[Thales42]

a lot of "wimps" invested in SMD because of Mt Hinton. They sold when the drill results from the zone with the most potential turned underwhelming. Mt Hinton and terra Co2 were the two Crown assets in Smd's portfolio. Once Mt Hinton is written off, what is left is Terra CO2, a project I always considered dubious (and I use this term mildly). I did not sold any shares so that