This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

SMG Indium Resources LTD. Reports Net Market Value At February 28, 2013

NEW YORK, March 5, 2013 (GLOBE NEWSWIRE) -- SMG Indium Resources LTD. ("The Company") (OTCBB:SMGI) (OTCBB:SMGIU) (OTCBB:SMGIW) reported its net market value ("NMV") 1 , at February 28, 2013 was approximately $31.63 million or $3.59 per share 2 . As of February 28, 2013, The Company's inventory of indium consisted as follows:

       
  Quantity (Kilograms) Original Cost 3 ($US '000s) Market Value 4 ($US '000s)
         
Indium held in inventory (99.99% purity ingots) 47,021 $28,636 $25,862  
         
    Average Original Cost Market Value  
         
Indium held in inventory   $609.05 / Kilogram $550.00 / Kilogram  
         

In addition, the Company reported the following activity related to common stock repurchases and indium purchases for the month of February 2013:

       
  Quantity Average Price Cost ($US '000s)
       
Monthly stock repurchases 3,000 common shares $2.43/share $7.3
Monthly indium purchase None None N/A

As of February 28, 2013, there were 8,803,817 Common Shares outstanding and the share price closed at $2.40.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,065.12 -107.56 -0.63%
S&P 500 1,984.79 -9.50 -0.48%
NASDAQ 4,513.7320 -13.9570 -0.31%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs