SUM 14.0% 24.5¢ summit minerals limited

what a pump and dump this has been. Today's announcement has...

  1. 827 Posts.
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    what a pump and dump this has been. Today's announcement has this down 15% when it has already fallen 40% from its highs from similar results then that's not a good sign. You'd think the low market cap would bring in new traders but way too much selling even though the shares on issue is very low. Shows the market never cared about the results, just a pump and dump vehicle. The whole register has turned over a few times with nobody holding a big stake

    The problem for me is when GBA who were supposed to be issued 3m oppies on the 4th June got issued 3m oppies on the 25th of June instead.
    That was also the peak of the pump. Feels like a rug pull

    There were tons of fake bids stacking the buy side while the sell side was always very thin yet there was endless supply being dumped into bids all coming from off screen.

    Also feels like the niobium hype itself has peaked.

    I could be wrong and if I am this really should bounce from here and finish around 35c
 
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21.5¢ 24.5¢ 21.5¢ $109.9K 479.6K

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2 97000 23.0¢
 

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24.5¢ 53268 1
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Last trade - 16.10pm 22/08/2024 (20 minute delay) ?
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