SUM 5.08% 28.0¢ summit minerals limited

Ann: $20M Rights Issue Announcement, Offer Docume, page-7

  1. 9,974 Posts.
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    re: Ann: $20M Rights Issue Announcement, Offe... I'm not sure if i will take it up I have enough SUM for my liking and I need to sell other stocks to raise the funds and i don't want to do that ATM.

    In all, it has been an excellent 12 months for SUM and this Rights Issue this could have been done at a lot lower SP but they managed to introduce wealthy and influential indigenous Indonesian business men and get the SP up from lows to it's current price.

    Once we have an asset producing an income we'll be laughing. Some of those Tandai drill results look great, Cu at 5.0%, albeit small samples but the future is looking good.
 
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28.0¢
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28.5¢ 29.0¢ 26.5¢ $647.8K 2.331M

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1 9992 28.0¢
 

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28.5¢ 73314 3
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