I am only new to SUM myself, having heard from someone across at MTM. But the potential is incredible. It is not uncommon for REE stocks to hit $100 MC (rightly or wrongly). If you are on the winning side, it won't matter. The great thing about SUM is the incredibly low MC (around $3-4 million), but approx $3 million is cash. So paying pretty much nothing for the all assets and importantly (especially with news flows), drilling is now imminent. So that is a huge plus and excitment factor.
Personally, I only hold heads at the moment in SUM, but only because there are almost no oppies available. Otherwise, I would have added oppies to get some extra leverage.
Absolutely, I agree 100%, we could go to $100mc on good news. That really would be an exciting story! The heads would then hit approx. $2.50 per share (around 20 fold increase), whilst the oppies would probably hit around $2.25 (excluding any time value), which would be approx 40-50 fold increase (assuming 5-6 cents now - although very hard to get and hardly any available).
SUM definitely has 'Silver Bullet' potential on those figures. Always risks of course, but in my opinion, definitely worth a shot.
Hope we all do well!
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Last
23.0¢ |
Change
0.020(9.52%) |
Mkt cap ! $17.23M |
Open | High | Low | Value | Volume |
21.0¢ | 24.5¢ | 21.0¢ | $187.6K | 822.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11251 | 23.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.0¢ | 105887 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11251 | 0.230 |
5 | 94210 | 0.225 |
6 | 108093 | 0.220 |
1 | 10000 | 0.215 |
3 | 35381 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.240 | 105887 | 6 |
0.245 | 115351 | 3 |
0.250 | 147613 | 5 |
0.255 | 30000 | 1 |
0.260 | 28495 | 3 |
Last trade - 12.48pm 03/09/2024 (20 minute delay) ? |
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SUM (ASX) Chart |