SUM 2.94% 17.5¢ summit minerals limited

Ann: Trading Halt, page-20

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  1. 10,738 Posts.
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    It is pretty clear that the SUM peg outcrops carry over to adjacent ground, and I bet you anything Sandro and Gower have walked some of it.

    It now seems that some of it is on the market and Gower grabbed it. Maybe hand over for shares like Sandro did.

    To me it just seems like our management is doubling up on a huge project.

    Re PNN - which I hold a smaller amount also. They have just JV'd another of their Li brine tenements in Argentina - they are cashed up and as a result of the value of those JVs are trading at cash value - with the Brazil Nb project for upside.

    IMO a JV or merger with PNN would be positive - with PNN's Li brine to come good eventually and SUM's U project in Australia to as another backstop.

    But I remain wholeheartedly confident of the future of Nb & Ta.

    Here, compare the peg outcrops on SUM and PNN's adjoining land - figure out where more might be. Of course the SUM team now have Lidar to clear the air, so to say. The eastings and northings will help.

    GL all. Not advice


    https://hotcopper.com.au/data/attachments/6362/6362781-511d6d18470f9f1d56b09c2ded38ff90.jpg

    https://hotcopper.com.au/data/attachments/6362/6362783-3d79594169d07e48e1c52263c1fa3f0f.jpg


    Last edited by JandJ: 06/08/24
 
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Last
17.5¢
Change
0.005(2.94%)
Mkt cap ! $14.84M
Open High Low Value Volume
17.0¢ 17.5¢ 16.5¢ $16.98K 99.71K

Buyers (Bids)

No. Vol. Price($)
1 2823 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 1480 1
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
SUM (ASX) Chart
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