There was nothing reasonable about it.
ENR is in WA and is a nearology play in West Arunta to WA1 which is a carbonatite deposit not pegmatite.
ENR already had a market cap of around $150m before any drill results as they have other projects. ENR shot up on some drill results as many thought it could be an extension to WA1's Luni deposit.
ENR was overpriced even compared to WA1.
So comparing SUM to ENR is NOT A PEER COMPARISON.
- different jurisdiction
- different mineralisation
You used absolutely no facts
Ann: Shares coming out of escrow, page-130
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $12.93M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $104.9K | 582.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 99583 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 100000 | 1 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |