SUM 10.5% 34.0¢ summit minerals limited

Profit takers and stale holders will be letting go - suddenly...

  1. 10,247 Posts.
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    Profit takers and stale holders will be letting go - suddenly that will come to a stop when SOI fraction is exhausted - then its a scramble to get a position in what may be one of the most valued shares on ASX. All depends on news flow and carry through. Lets watch :---

    1. Today's ann's results are only for 4 of a larger number of chips sent to assay.
    2. Only a small part of the Equador Project is involved so far.
    3. There are other Nb/Ta projects to assess.
    4. Then there is the REEs and Li projects - The Li looks great - once proved to be adsorbed ionic clay. Other Brazil clays are of the right type.
    5. Brazil is a good economic/political/mining jurisdiction. Many ASX companies have or are working there.
    6. Drone survey underway and already Company talk is of stacked pegs undercover over kilometer scale strike.
    7. Such arrays of well mineralised pegs often are off-shoots of a massive mother (Greenbushes, Kathleen Valley, Tabba Tabba)
    8. Very low SOI, and acquisition with shares makes the vendor keen to assist.
    9. M. Cap to die for, at early stage.

    Better stop or I will get called out as a ramper.
 
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34.0¢
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36.5¢ 38.0¢ 31.0¢ $3.427M 9.933M

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