Definitely massive leverage potential with the options. Hyperthetically, if the heads (SUM) hit $1 per share (MC somewhere around $50m) then the oppies (SUMO), with an excercise price of $0.25, would be around $0.75 (but probably more likely around $0.80 when some time value etc is built in). Thats approx. a 15 fold increase on current levels.
The expiry is still over 1 year away (30 September 2025), so quite a lot of time to get assays etc back from Brazil.
IMHO / DYOR
SUM next WA1, page-69
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $22.57M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 24.5¢ | $479.6K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11025 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 41878 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |