Replies to post #11334 on Value Microcaps Junior Miners

[CPTMatt]

Did that a little early it seems with SMC

Just bad luck I guess, the day before the LRR financing news which seems to have been taken negatively and then this market downturn.

Amazing how reactive the market is these days. Don't people realize things aren't really any better than they were last fall?

All of this bad news shouldn't surprise anyone.

[cl001]

I only have a bid on SMC, no hit yet. If gold breaks down below 800, 750 is the next target, I will try to load up over there.
Now look back, the LRR PP was a great move, it removes any possibility of the need of capital to bring Orosi into production. SMC now became a long term buy and mold candidate, if there is no other bid(s). I'd say SMC is my second GORO. Both have very experienced management team and just need to deliver the mine to triple and quadruple in about a year.

[cl001]

That was a nice call Kipp! Frankly I was very scare yesterday, the only stock I was able to buy was SMC. I do think the LRR PP put a floor of the stock plus AUY is likely to take a shoot at SMC. Even AUY buys another company, every analyst and trader will be excited and calculate the new "take over" price target of junior miners. Hopefully more people will "discover" SMC and buy it, just like the nickle boy days.