Simmers: Why the sudden drop?

[Jason_1]

Hi, Please can someone shed the light why over the last few days this share is being hurt so badly? Thanks

[#2]

Article on Moneyweb yesterday about one of the major shareholders (Jagarda - something like that with links to Luke Watsons Uncles, Manager of the Springboks and the late Brett Kebble. Also, saw the share price of BUM (sorry FUM) take a massive wack - SIM owns about 68% of BUM. Possible reaction to all this news.

[Samir]

I don't think the Moneyweb article had anything to do with it. But, ask other frumites about Simmers and one word comes to mind... Patience

[Jason_1]

Thanks Samir, should one be buying more at these lower levels?

[#5]

Better buy, simmer is already climbing - new sens released.

[#6]

Interesting to have a look at the Simmers Chart using a 12 and 26 day SMA and including the RSI. Then back test over the last 12 months. Appears SIM is ready for yet another run.

[Clembo]

I dunno! They haven't paid a dividend forever - now they want to raise more capital. Zarp got me out of it with perfect timing early this week (see his post) and I'm glad to be out after having done very nicely on it.

[CE]

This is your Capitan speaking - do not confuse a opportunity with a slight correction/profit take. Confucius says: "Man under car with tool in hand not neccesary machanic"

[Samir]

They doing a roadshow to raise the money. Wonder if SFM will be invited. You could prob get it at a discount to the market,depending on how they structure it.

[#10]

Arent the miners at Simmers on strike?

[#11]

Nah, they went back to work on Sunday Night, since Monday share price has dropped. Workers, PLEASE go back on strike.

[Clembo]

The mechanic is starting to look like a guru!