Charts cannot predict news,
They will not tell anyone when news will arrive.
That comes with posting facts and keeping track of actual Announcements,
And timelines of when news is due to occur.
At the moment we know SUM has submitted approvals for Bulk Sampling and Drilling,
Which are expected in the next 2 weeks.
News is a catalyst for price movements obviously.
So what we do know from the facts from Actual Announcements is:
From the 23/7/24 Announcement:
• "The Company continues to focus its efforts on an expedited initial drilling program to validate the quality of the Project and anticipates receiving permits for the proposed trenching and drilling programs in the next few weeks"
• "Summit is now fully funded for its proposed drilling campaign following its recent Capital Raise."
• "The expansion of the Magnetic survey along with the LiDAR survey, to be conducted over the entirety of the Project, will be used to enhance the intensive mapping program to identify additional pegmatite occurrences in low laying areas as well as those under alluvial cover."
• "Summit anticipates receiving results from the survey next month."
So
This announcement was from over a week ago,
It will be 2 weeks on Tuesday.
So Trenching and Drilling Approval,
Should be within a Week from Tuesday.
LIDAR and Magnetic Survey Results this Month.
Also the Pulps sent in on the 10 June,
Were expected to take 6 to 8 Weeks,
It will be 8 Weeks on Monday.
It could possibly take a week or so to write up the Announcement.
So as we can see there is a lot of News on the way,
In quick succession all to occur within the next few weeks or so.
News itself is a catalyst for SP movement,
SUM has plenty of News on the way.
Looking forward to the Imminent News on:
Pulp sample Assays,
Bulk Sampling / Trenching and Drilling Approval,
Further Assay results from Submitted rock Chip Samples,
As well as Magnetic and LIDAR Survey results all expected this Month !!!!![]()
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Last
23.5¢ |
Change
-0.020(7.84%) |
Mkt cap ! $19.28M |
Open | High | Low | Value | Volume |
26.5¢ | 27.0¢ | 23.5¢ | $236.7K | 939.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 45495 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 25000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 45495 | 0.235 |
3 | 140000 | 0.230 |
1 | 2250 | 0.225 |
3 | 75454 | 0.220 |
3 | 46962 | 0.215 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 25000 | 2 |
0.255 | 1 | 1 |
0.260 | 10261 | 2 |
0.265 | 15500 | 1 |
0.270 | 70000 | 2 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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