Opinions Hap (Robert) Sneddon FCSI
Strategic MetalsSMD.VCOMMENTJul 08, 2010
Metals/mining sector is not the best place to be right now. This one looks like it's bucking the trend. Chart shows a decent uptrend and shows little “step-ups”. If it broke down through the current price, it would probably hold at $.50.
Hap (Robert) Sneddon FCSIUnknown
$0.58
Stock price when the opinion was issued
$0.30
As of Jun 23, 2026. Market Open.
Mining
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COMMENT
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.
Mining
