I'm very happy with the cash levels (which was my concern coming in to this quarterly)
1.6m is an absolute fortune in Brazil for REE exploration and now I'm convinced we won't see a CR anytime soon (again, which was my concern)
Well done to those who spread fear in the market on this point and were probably soaking the stock. They sure love to toy with people's insecurities don't they - I know I was shaken!
I'll give you an example of what I mean when I say 1.6m is plenty for Brazil. Lets compare that to ENV (another brazilian exploration play) who raised 1.5m for exploration in Brazil & they're capped at over 20m.
They raised 1.5m, SUM already has 1.6m ... so PLENTY!
So glad it's now a non-issue so the SP can re-rate as I'm positive many others thought there was a CR imminent like me.
Ann: Quarterly Activity and Cashflow Report, page-13
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $18.46M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.8¢ | 21.5¢ | $41.11K | 186.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 50000 | 1 |
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| Last trade - 15.53pm 04/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |