Today’s action and selling pressure is not surprising. Short term speculators looking for “boomer” holes will quickly change channels and move to the next story without any true wisdom of the way things are. This will be a mistake for some and an opportunity for others. Savvy investors already know that everything changed with discovery hole number twelve. Stay tuned for the next batch of results and watch this grow. IWA is an active buyer of SMN.
In addition to the silly sellers is the more informed group of finance smellers. Those that “smell” a financing will be disappointed. This company and the management team know what they are doing and will not be pressured into anything that will compromise the share structure. Tookie and Bob just won’t let that happen, and you can “take that to the bank”. If and when and a financing happens it will most certainly go to the right people.
Take a look at the news link below. It should initiate your hand to wallet reflex.
For the Full Press Release Click Here
IWA is a shareholder of Sun Summit Minerals Inc.
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company’s actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company’s operations, markets, products, and prices. Readers should refer to the risk disclosures outlined in the Company’s Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.
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