Rick Rule
Ressources Sama Inc
SME-X
BUY
Nov 06, 2019
With if they drill a high-grade hole in the Ivory Coast? The market would do very well. SME is backed by the most successful exploration financier in this era. It's an interesting project with mixed results. If they hit a deep hole, they will do very well. He's attracted to it.
We are going to know a lot about this company in the next 4 or 5 months. When Robert Friedland hits a property with the drill bit, he hits it really, really, really hard. His inclination would be to wait until you see data coming in.
Has reduced his holding due to market strength. They have a highly attractive exploration target, but this is exploration is difficult part of the world, so there's no guarantee of success.