RE: Tomorrow20 Oct 2025 21:01
Bluegrass. The answer to your question might come tomorrow. In the meantime, I'm baffled. Tungeston West is trading at 10.25p but SML is trading at 0.97p. Is it because Hemerdon is operational and producing tungsten but SML is not?
What I find worrying in relation to SML is that a recent financial brief for Tungsten West states: "Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Hemerdon Mine segment loss increase of 61% to £15.9M,"
If Tungsten West is in trouble because no one wants their tungsten, what are the implications for SML?
I have no answer to that. We must wait and see what tomorrow brings.
I hope the news is good.