SUM 2.94% 17.5¢ summit minerals limited

Ann: Shares coming out of escrow, page-3

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  1. 6,601 Posts.
    lightbulb Created with Sketch. 1959
    Yeah I finally found them after some digging!

    They were issued 5th August 2022 in the CR back then at 20c a share and escrowed for 24-months.

    There's 9,149,450-Options ex. at 25c that also have been escrowed for the same period and come out of escrow too.

    So these would be stale holders from the previous projects, make sense now some of the manipulation going on especially with the last CR at 25c not acting as a support level and being supported; no need to when these shares can be scooped up cheaper, let the dead wood move out (unless they decide to stay given the potential of the new direction with Niobium and Tantalum).

    https://hotcopper.com.au/data/attachments/6347/6347430-f37d6c512b03d2fef6665ed9e362f99e.jpg


    Last edited by TheArchitect: 30/07/24
 
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