SUM 2.86% 17.0¢ summit minerals limited

Sandro has posted a lot more photos and videos from site on his...

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  1. 6,601 Posts.
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    Sandro has posted a lot more photos and videos from site on his Instagram: https://www.instagram.com/gurudotantalo/

    The top right is the latest video and he's showing and talking about samples I assume, it's not in English unfortunately but if anyone speaks Portugese?

    Even once the CR shares come out, 64,467,938 shares on issue is such a small amount, Sandro (guy pictured below) will very much be keeping his 6m shares along with his 2% royalty as he clearly sees there is something valuable here and wants to benefit from it.

    With the 64.46m shares @ 30c the market cap still doesn't break $20m....at 30c SUM is sitting at $19.34m and fully funded for the drilling to come.

    Low shares make the price movements more volatile but it's far better than having 500m to 3 billion shares on issue like many other explorers, many that are sitting at $20m to $40m market caps with little to nothing.

    It's also why SUM can move 10c and each time only increase by $6.4m in value compared to a stock with far higher shares where at 10c increase would equal a $50m increase unrealistic for those stocks, but very realistic for SUM thanks to it's low shares.

    $25m to $40m market cap isn't out of the question leading into drilling and then results, but the results will have to good to sustain it there and take it to the next level, which is what buying into explorers is all about.

    If you go to his instagram you can click on each photo/video to enlarge.

    https://hotcopper.com.au/data/attachments/6209/6209018-fdba9d579fec83f74f5dd9f5defd0fee.jpg


 
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Last
17.0¢
Change
-0.005(2.86%)
Mkt cap ! $14.67M
Open High Low Value Volume
17.0¢ 17.5¢ 17.0¢ $17.91K 104.2K

Buyers (Bids)

No. Vol. Price($)
4 253361 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 6253 1
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Last trade - 15.31pm 11/11/2024 (20 minute delay) ?
SUM (ASX) Chart
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