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

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To: Ed Pakstas who wrote (257)5/24/1999 1:10:00 PM
From: Shaw  Read Replies (3) of 372
 
Ed,

SMM seems to be a little "un-promotional" to me. I, for one, would like to see a synopsis of all of their equity holdings. It took us 3 weeks to find out how much ADCM they hold. I know they have some INTK and a couple of others, but how much??? If the market doesn't have a clear indication of their holdings, it's pretty hard for their stock to appreciate when their holdings move nicely.

In contrast, I (and a few others) have researched SCP-T recently. It holds 1M shares of LAT, which has been very active since the run-up on Inet rumours. SCP moves almost in lock-step with the LAT. I just wish SMM would do the same. ADCM (at 2.40+) is beginning to make SMM look like an undervalued warrant on the underlying.

Dean
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