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SMY - Sally Malay Mining

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Yes but looks like good uderlying support at 1.75 / 1.76, I'm looking at a CFD trade at 1.76. porkpie
 
Cleared its all time high today. Still holding and still smiling! :
 
SMY was much stronger than its peers today, not sure why the quartely was good but not any more than other nickel miners. Closed my CFD trade today. porkpie
 
The banks initially seemed to have a bit of say in SMY's hedging and general exploration process considering the debt funding during their jump into mining and not just an exploration play.

SMY'S management seem to be growing a few balls and eating into their hedge book. Once they have cleared their debt facility and hedge book, their exploration targets will probably already have commenced mining and their tonnage rate should be considerable.

Although the current SP has enjoyed a great run, I think theirs lots more room to move on the Horizon and SMY is on its way from a fairly speculative producer to a decent midcap one with a bit of history behind it.

SMY is a lot like KZL in its early days, good management and sound exploration direction should see its market cap at least double in a year IMHO ( If Nickle holds up!)..
 
Bought this today at $1.945.

From a technical breakout will post some analysis later if anyone interested.
 
tech/a said:
Bought this today at $1.945.

From a technical breakout will post some analysis later if anyone interested.
Click to expand...

Courageous.

I've not the guts to jump on board Zinc now, even if there's none in the warehouse!

I know the believers will tell me there's still time.....
 
tech/a said:
Bought this today at $1.945.

From a technical breakout will post some analysis later if anyone interested.
Click to expand...

I'm very interest T/A.....and i'm thinking you might say something about the price action in relation to supply and demand...?

Looking forward to your analysis.

Cheers,
 
Has some good things going on with PLA up north. Should be going well from about March onwards when pre-feasibility comes out I think.
 
Tech/a are you still on this? Looks like it is having another run after it came close to my stop at 1.55 a couple of weeks ago.
 
Sally Malay is a gem. A run at the start of next week would not be off the cards either.

Best of luck to all holders
-Caliente
 
Whoa, Sally an all time high 2.25 close. Likely to pull back a bit with profit taking next week. I won't be one of them though.
 
I took profits today on my CFD pos's a nice earner opened on 14,15,16,17, & 20 Nov, closed the lot today, Also closed MCR pos. But still have some physical shares in both.
Just have to wait know for a pull back. porkpie
 
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