SUM 13.6% 19.0¢ summit minerals limited

Ann: Trading Halt Request, page-52

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  1. 4,301 Posts.
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    They've picked the crystals out of the Pegmatite outcrops, this is seriously misleading and overall a bad look for the sector. No Pegmatite hosted Nb ever has this type of grade.
    This is the equivalent of picking gold out of a quartz host underground, chipping the quartz off and assaying concentrated gold nuggets, guess what the grade will be...

    Tomorrows assays should be nearly pure by the way SUM selects. This isn't SUM's fault entirely. It's the ASX, not enforcing standards.
    Most investors here haven't a clue.
    This, imo is illegal.
    Laugh away, and call me what you will.
    I just hope the blowback from this type of bs doesn't affect the stock I hold, as investors need to trust the reporting standards are consistent.
    I've never been accused of trolling. I hope everyone makes some cash here. It's about industry reporting standards, there needs to be an level playing field.
 
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