Yes, the danger for investors now is that, not seeing an instantaneous share price recovery as the general market stabilizes, they may be inclined to spit the dummy too soon. In fact, just when they should be buying SUM.
Fear & loathing are a buyer's friend as, for example, Martinus' post below under the heading "No News, Nothing": "...except the downsizing of the project..."
In actuality, contained gold at Tembang of about 1 million oz and 13 million oz silver hasn't changed a bit - only the Company's approach to extracting it! Indeed, the new two-stage mining plan brings first production at Tembang FORWARD by a year to 2012, and dramatically REDUCES the initial capital cost of getting into production.
Which is why all the recent broker research (available from here: http://www.sumatracoppergold.com/index.cfm/news-and-research/research/) acclaims the revised plan, and places premium valuations on the shares. At significant multiples to current prices.
As the recent "Minesite" article observes, SUM "suddenly starts to look a lot like Kingsrose" - and I note market pundit Alex Cowley ("Diggers & Dealers") taking a big shine to IT with good reason. Throw in SUM's other projects, including Tandai, a high-grade gold and silver play being explored in joint venture with Australia's biggest goldminer, Newcrest, and Sontang, a polymetallic discovery - and the value just looks absolutely compelling.
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Last
25.5¢ |
Change
0.035(15.9%) |
Mkt cap ! $20.92M |
Open | High | Low | Value | Volume |
22.0¢ | 26.0¢ | 22.0¢ | $263.0K | 1.073M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12852 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 37748 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 12852 | 0.245 |
3 | 119896 | 0.240 |
2 | 38000 | 0.235 |
2 | 90000 | 0.230 |
1 | 20000 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 37748 | 1 |
0.260 | 22554 | 4 |
0.270 | 65000 | 2 |
0.275 | 13370 | 2 |
0.285 | 38357 | 5 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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SUM (ASX) Chart |