The only slight concern is that they have 2.1mill and have quoted 1.2 spend this quarter.. So we'll likely see a CR around these levels or a bit lower. Only the enviro permits due as far as major news this quarter. I can't see that rerating the stock to allow a CR at higher levels.
I think I'll wait a bit an perhaps enter a bit lower. Interested in others thoughts on this scenario
fat prophets coverage on sum, page-8
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Last
25.5¢ |
Change
0.035(15.9%) |
Mkt cap ! $20.92M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 26.0¢ | 22.0¢ | $263.0K | 1.073M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12852 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 37748 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |