1. Most Discussed
  2. Gainers & Losers
SMY 0.0¢

has sally malay's run ended?

  1. Three different bits of news all yesterday prompted my thoughts that SMY recent good share run may have reached its peak.

    The ASX release of a further isue of 1.725 million shares at a price of 29c.

    The Article in Mining News that SMY has hedged 50% of their Nickel sales for the next two years.

    And also in the same article they are looking acquiring the defuncted Lennard Shelf zinc project in Western Australia that is in receivership.

    So what are peoples thoughts. I thought all the above news was a negative with a company that really has no blue sky. Prices will be locked in now to the profitability of the nickel mine.

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top