SMM - Summit Resources
- Thread starter GreatPig
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Delayed announcements due to overloaded labs seems to be common theme in many posts, eg UXA, etc. I hold both happily and am prepared to be patient.
Comparing summits results with AGS...correct me if I am wrong, but SMM results appear FAR superior...massive widths at similar grades..i.e 28m@0.22%, 40m@0.21%...and the list goes on...the sooner SMM can start digging this up the better, roll on the April Labour "summit".
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SMM has been the best uranium play in Australia for some time. They have by far and away the best resources.
Question....What happens if Labour decide not to overturn their 3 mines policy?
Has anyone planned for this scenario?
Question....What happens if Labour decide not to overturn their 3 mines policy?
Has anyone planned for this scenario?
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If they have enough uranium (defined as a JORC resource) somebody will buy them and wait. Utilities have to plan years in advance for fuel supplies. Governments don't last forever. I thought Peter Beattie had already indicated he'd fall into line with whatever is decided by the national labor conference, whether he agrees with the decision or not? That would put SMM in the clear, assuming the ban is overturned in April as everyone seems to expect.
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SMM looks great. i am excited by the iron ore resources been spun out into pacific mines. has anyone started to look at pacific and what do they think?
i think iron ore will be a great runner this year and this maybe one of them.
200 mt iron ore at 50% (i think) so far with huge upside potential for exp.
i think iron ore will be a great runner this year and this maybe one of them.
200 mt iron ore at 50% (i think) so far with huge upside potential for exp.
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does anyone know when the float is happening?? in think pacific mines looks great. what do others think?
wheres kennas when you need him, off drinking tequila with amigos!!
wheres kennas when you need him, off drinking tequila with amigos!!
Sean K
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And too much Corona DJ! It ´s about $1.50 here so all the better.dj_420 said:
Wish I was there to be watching this. I sold a lot of stuff before I left so I could concentrate on a holiday, but I managed to hold half my SMM. Glad for that after seeing AGS and NCM take hits. Only sold some of them too, but seems to be good timing at the moment.
I haven ´t looked at the float at the moment. Unusual for a uranium company to be floating anything else off. Usually the other way around...
Will be back on 18 Feb, so a bit of tequila to go yet!
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I found SMM is still moving against the gravity, holding well. I sold it because I have seen too much red uranium around, and fear that SMM will be the next one....
Another stock with very rich valuation EME has come down to "earth" falling from $4.7 all time high to earthly $3.42 today.
We have seen BMN falling from $3.05 to $2.25, AGS from $2.35 to $1.55, .....
It looks like that near producers, not producers, not advanced explorers, not greenfield fairytale, are the darling bud of February. Unfortunately, there is only one on ASX...
Another stock with very rich valuation EME has come down to "earth" falling from $4.7 all time high to earthly $3.42 today.
We have seen BMN falling from $3.05 to $2.25, AGS from $2.35 to $1.55, .....
It looks like that near producers, not producers, not advanced explorers, not greenfield fairytale, are the darling bud of February. Unfortunately, there is only one on ASX...
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Ive noticed that too Mmmmining.
Alot of U stocks (especially) falling
Oh well...does that mean alot of Green to come?? :bounce:
Alot of U stocks (especially) falling
Oh well...does that mean alot of Green to come?? :bounce:
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Pick a head or tail, and flip a coin......Go Nuke said:Ive noticed that too Mmmmining.
Alot of U stocks (especially) falling
Oh well...does that mean alot of Green to come?? :bounce:
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As an education guide...what is the next buy in sign at?
Would it be around the $3.28 mark? or $3.30
Im just trying to understand charts using asending triangles etc.
:microwave
Would it be around the $3.28 mark? or $3.30
Im just trying to understand charts using asending triangles etc.
:microwave
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Could you elaborate a bit more FabFab said:
I guess what I am trying to say is that SMM has been rising very strongly recently a bit like AGS and has not corrected yet. Like AGS it has a lot of potential but not producing anything at this stage and is betting on a change of policy @ the alp meeting in april so why is AGS going down and not SMM?
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It's just about to hit my stop. BMN, AGS, and DYL all exited my portfolio today. Maybe SMM tomorrow. BMN sad because it lurched down momentarily and then picked up slightly, and I have a lot of faith in BMN. May buy back in later. Sad but I must learn not to get too attached to stocks like this. I know a lot of ASF folk don't believe in stops but I do! having learnt a few hard lessons. If SMM hits the stop, I'll keep watching and if it gives buy signals I'll get in again, but I do like to take a profit now and then even if by "unnatural" means. Having said that today’s SMM lurch down has made me think about outing it and take my profit. I think the time to have the hand on the buy button will be when the ALP decide whether yellow is green or red!Fab said:
