SUM 16.0% 29.0¢ summit minerals limited

Ann: High grade Niobium results from Equador - Brazil, page-1287

  1. 1,936 Posts.
    lightbulb Created with Sketch. 712
    At the end of the day, a JORC resource is exactly that. And anything less than that is always an estimate. I'm sure SUM is not dropping a JORC resource on Monday.

    So we can assume whatever we want without drill results and JORC resources.

    If retail wants to go for a ride on the back of some exciting rock chips, then so be it. Its not wrong or illegal, as long as the testing criteria that was used is clear. If the report on Monday discloses that the rock chips hand picked were awesome, then so be it.

    This Miramar post looks like a spit by someone who couldnt get it right, and someone who has spotted some competition.

    Lets see how the results are submitted on Monday, before passing judgement. We might find the wording describes the way the results are actually determined.

    Meanwhile, if everyone wants to maintain that other Niobium exploration companies are running at $1B evaluations and are overbought, and SUM is running at $28m and overbought, then so be it. Thats why I bought.

    Fun times on Monday. Good luck.
 
watchlist Created with Sketch. Add SUM (ASX) to my watchlist
(20min delay)
Last
29.0¢
Change
0.040(16.0%)
Mkt cap ! $18.04M
Open High Low Value Volume
25.5¢ 30.0¢ 25.0¢ $578.4K 2.139M

Buyers (Bids)

No. Vol. Price($)
3 36331 29.0¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 12000 1
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
SUM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.