Schapiro's focus could be elsewhere, although SUM has been sitting quietly in the background for a while now, while LLI is probably at a point that other management could take the reigns completely.
So far as I understand, he has not been involved with GUE for some time and SUM seems to be the only uranium horse in his stable at the moment. SUM is also approaching the end of the initial 2 year spending budget since listing 1.5 years ago, so I assume they will have discharged the exploration obligations (enforced by the ASX).
Plus, all-time lows at close to cash levels... makes for the perfect opportunity to vend. Easy bags when a mcap can double and the company still be cheap
Ann: Quarterly Activity and Cashflow Report, page-12
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $5.242M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $78.95K | 686.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 213979 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 26086 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.0¢ | 509233 | ||
| Last updated 15.29pm 10/05/2024 ? | |||||
| SUM (ASX) Chart |