SUM 3.03% 17.0¢ summit minerals limited

Ann: $2M Raise to Accelerate Niobium & Rare Earth Exploration, page-195

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  1. 863 Posts.
    lightbulb Created with Sketch. 15
    Excellent raise with minimal dilution at a premium. Price action after the raise is solid.

    SUMO looking delicious here with low amount of shares for sale. Got me frothing for more.

    For context strike price to convert SUMO is 25 cents, while the options are at 6.5 cents right now.

    With high risk comes high reward.

    Hypothetically if you were to buy SUMO at today's closing price, Then conservatively that means the fair price of SUM would be equivalent to ~31cents. (25+6.5)

    SUM PriceSUMO PriceMultipler (From SUMOs closing price of 6.5)
    131.56.5 -
    240152.3x
    350253.8x
    460355.4x

    Table shows a massive amount of gains to be made from options. Feel free to correct any of the information I provided. Feedback appreciated.
 
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Last
17.0¢
Change
0.005(3.03%)
Mkt cap ! $14.67M
Open High Low Value Volume
16.5¢ 17.5¢ 16.0¢ $44.60K 268.0K

Buyers (Bids)

No. Vol. Price($)
5 218985 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 352604 3
View Market Depth
Last trade - 16.10pm 18/11/2024 (20 minute delay) ?
SUM (ASX) Chart
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