SUM 0.00% 21.0¢ summit minerals limited

I am only new to SUM myself, having heard from someone across at...

  1. 379 Posts.
    lightbulb Created with Sketch. 143
    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!
    Last edited by MicroNova2035: 08/05/23
 
watchlist Created with Sketch. Add SUM (ASX) to my watchlist
(20min delay)
Last
21.0¢
Change
0.000(0.00%)
Mkt cap ! $17.23M
Open High Low Value Volume
21.0¢ 21.5¢ 21.0¢ $39.03K 183.9K

Buyers (Bids)

No. Vol. Price($)
2 41276 20.5¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 5000 1
View Market Depth
Last trade - 10.26am 03/09/2024 (20 minute delay) ?
SUM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.