Replies to post #11225 on Value Microcaps Junior Miners

[cl001]

The drop of SMC last week was very simple. GoldenKnight sold SMC after the CC triggered a snow storm of stop orders. It was late in the day and not many buyers out there.
Yes the pull back was small considering SMC quadrupled in the past a few weeks. However anyone listened to the CC and have a calculator can see the value of SMC easily. Over 100 million coming from Kinross. The properties worth a few hundred million and the stock is trading at 50 million market cap. The manage believe it is siginificant undervalued and had no plan to issue new shares(Unlike NG).Talk about no brainer here.