Anything is possible, but a farm in agreement/JV could work in this instance.
SUM will be first cab off the rank with drilling/results, so might be in a strong position to negotiate.
With either defining a sizeable resource they'll also be targets for acquisition by bigger players.
I don't think we'd see anything like that happen though for at least 12 - 24 months. Both need to get to the MRE/JORC stage.
GLTAH
Ann: Quarterly Activity and Cashflow Report, page-17
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.10M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $14.13K | 80.07K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3574 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 31098 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SUM (ASX) Chart |