I am only new to SUM myself, having heard from someone across at MTM. But the potential is incredible. It is not uncommon for REE stocks to hit $100 MC (rightly or wrongly). If you are on the winning side, it won't matter. The great thing about SUM is the incredibly low MC (around $3-4 million), but approx $3 million is cash. So paying pretty much nothing for the all assets and importantly (especially with news flows), drilling is now imminent. So that is a huge plus and excitment factor.
Personally, I only hold heads at the moment in SUM, but only because there are almost no oppies available. Otherwise, I would have added oppies to get some extra leverage.
Absolutely, I agree 100%, we could go to $100mc on good news. That really would be an exciting story! The heads would then hit approx. $2.50 per share (around 20 fold increase), whilst the oppies would probably hit around $2.25 (excluding any time value), which would be approx 40-50 fold increase (assuming 5-6 cents now - although very hard to get and hardly any available).
SUM definitely has 'Silver Bullet' potential on those figures. Always risks of course, but in my opinion, definitely worth a shot.
Hope we all do well!
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Last
22.0¢ |
Change
-0.020(8.33%) |
Mkt cap ! $18.55M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 20.0¢ | $320.9K | 1.503M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 8772 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 37231 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 8772 | 0.215 |
3 | 29761 | 0.210 |
7 | 378231 | 0.205 |
7 | 94700 | 0.200 |
4 | 820500 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 37231 | 2 |
0.225 | 40000 | 2 |
0.230 | 19127 | 2 |
0.235 | 102299 | 6 |
0.240 | 61298 | 3 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
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SUM (ASX) Chart |