Opinions
Rick Rule
Strategic Metals
SMD-X
COMMENT
Aug 06, 2013
$0.395
Stock price when the opinion was issued
Mining
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He is tempted to buy this because it is selling at a discount to the cash and securities in the company, and you get the assets for free. The thing that holds him back is that this has undergone a strategic change. At one point they were a prospect generator, using their acumen and other people’s money. As a consequence of them having so much money, they are now using their acumen and their own money, which is not a strategy that he is particularly enamoured with.