SMM on TSE - Simmonds Capital Message Board

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Gold/Mining/Energy : SMM on TSE - Simmonds Capital

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To: Shaw who wrote (253)	5/24/1999 12:19:00 PM
From: Shaw	Read Replies (1) of 372

Ed, Furthermore (I'm working on the long weekend and procrastinating so this is much more fun), from my calcs, if ADCM reaches 2.41 today (currently at 2.35) SMM will be trading at a discount (0.67/share). That is without the preferred share/option holdings of ADCM included. The market recently has pegged all of SMM's other holdings at around 0.40/share. If this multiple continues, the stock should open up at 0.67 + 0.40= 1.07/ share on Tuesday, if ADCM closes at 2.41. When are we gonna see some movement??? Tomorrows open should tell the story. Let's hope ADCM closes big. (EDIT: 2.50, now) Regards, Dean

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