You do realise that "dumb retail" is an industry slang...

You do realise that "dumb retail" is an industry slang terminology and has been for years and that I'm not "calling" anyone "dumb".

"Smart Money" - Brokers/Financial Industry/Licensed
"Dumb Money" - Retailers

Yes bigger funds cannot enter stocks under $100m market caps due to some regulations and risk management etc. but there are still investor funds that do and specialise in microcap/small cap stocks.

A private investor/individual might be using a retail broker as they aren't licensed and are an individual, but the "big players" is a term for the fund investors who aren't using Commsec or CMC and are institutional investors and cornerstone investors.

End of the day SUM is just an early stage explorer with high grade rock chip samples, no one knows what's beneath the ground in terms of actual economic value and grade of resource, not even Sandro.

There's high potential but only the drill bit will do the talking, either they'll be good grades and something for potential economic scale or there won't.

That's when big players will arrive, on the back of solid results. But you're right, the benefit of this end of the market is retail can take bigger risks and get in before them, at the early stages and sometimes an economical discovery is made but many times it's not; that's the risk we take.