SUM 12.3% 25.0¢ summit minerals limited

SUM Chart, page-1079

  1. MZA
    296 Posts.
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    Market for Speccies and moreso REE got smashed today.

    WA1 / MEI on a downtrend.
    ENR missed with f/up drilling today.
    RCR who are awaiting drilling also sold off probably due to ENR missing.

    I wasnt expecting anything new in the Webinar. I took from it that they have a plan, and moving fast & are excited by Equador's prospectivity & potential size.

    Im pretty sure they mentioned they would hold off releasing more rock chips until they have bulk samples back from the lab which is pleasing.

    I think todays sell off towards close was probably a result of the new shares coming on tomorrow.

    Now they are at parity you wouldnt expect a quick sell off particularly at a loss.

    If anything you would would think GBA would probably get back in the game and the newsflow would start rolling and SP would bounce.

    Atleast thats what went down last time....

    Still a fair bit to play out but it does appear oversold atm.
 
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Last
25.0¢
Change
-0.035(12.3%)
Mkt cap ! $15.55M
Open High Low Value Volume
29.0¢ 29.0¢ 22.5¢ $770.3K 3.034M

Buyers (Bids)

No. Vol. Price($)
2 34149 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 35000 1
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Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
SUM (ASX) Chart
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