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17.7%

30.0¢ summit minerals limited

Ann: Quarterly Activity and Cashflow Report, page-11

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potgut

17,719 Posts.

857

30/04/24

11:05

Post #: 73578405
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Originally posted by Jimbill ↑

I'm not sure if you are trying to trade this stock or what but its hard to follow your genuine views, its good to look at things both ways but over the last month you go from all in on SUM and praising management to completely critical and hating on the company.

@potgut Exploration in Brazil is much cheaper than in Aust, other explorers are using auger drilling which is shallow and very cost effective so 2.7 quarters of funding will go a long way in my view. On top of this the acquisition announcement stated they have done rock chip and soil sampling and await results so I'd assume its in a similar area to the vendor samples, confirmation of grades you would think would allow a significant re rate based on the fact they are $6m mcap with such low SOI. If they get confirmation then any raise would be heavily over subscribed. They have had plenty of chances to raise already and had news to flush it out so they may be planning to wait for the DD soil samples to come back.

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Lol ... you must be in la la land , dont think ive been anything other than positive on SUM ,,wouldnt be in the top 20 otherwise..............

SUM Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 30.0¢		Change 0.045(17.7%)		Mkt cap ! $17.05M

Open	High	Low	Value	Volume
25.0¢	30.5¢	25.0¢	$1.549M	5.399M

Buyers (Bids)

No.	Vol.	Price($)
2	520000	29.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	192167	3

View Market Depth

No.	Vol.	Price($)
2	138280	0.290
4	63429	0.285
2	310357	0.280
4	334100	0.275
2	32348	0.270

Price($)	Vol.	No.
0.310	25523	3
0.315	9177	2
0.320	25000	1
0.325	5783	1
0.350	5000	1

Last trade - 16.10pm 07/06/2024 (20 minute delay)


Last 29.5¢			Change 0.045 ( 16.8 %)
Open	High		Low	Volume
26.0¢	30.5¢		26.0¢	4104941
Last updated 16.11pm 07/06/2024 ?

SUM (ASX) Chart