SUM 4.44% 23.5¢ summit minerals limited

SUM - why are you investing?

  1. 84 Posts.
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    Price fluctuations and allegations of up and down ramping are a dime a dozen.

    Have a look at the announcements, research the geology, assess the potential for yourself. It doesn't come easy, but it is good to have a
    'layman's understanding' of the general geology, the environment in which a company is mining, the potential of the targets, and the current pricing and demand for the end use products being targeted.

    Nothing in mining happens overnight. Events occur that increase the excitement, or the demand for the shares. Things quieten down as the real work is being done behind the scenes. Not just this company, - every company.

    On a risk reward basis, SUM, in my opinion, presents an outstanding opportunity to be in at a low market cap, and to ride the roller coaster of exploration, discovery, and commercialisation of the project. If you can time all that, and get in and get out at the right times, good work. I can't.

    The current source of the results begun presented, IE : rock chips, soil sampling, 'nearology', and physical presentation, demonstrate the potential for a significant mineral resource and it is obvious for the wild swings in share price that the excitement is palpable. Further work is required by the company to prove up that potential, and price will vacillate depending on what is presented and how that adds or detracts from the market's expectations.It is up to each investor to work out whether the price represents value to them, DYOR and understand as much as you can about the resource, the targets the company, and the markets in which the product will be used.

    Ask why you are invested. If you're trading the pips, different rules - too good for me as stated before. If you're interested in being invested in the early stages of a company showing significant upside potential, then you need to lock in for a roller coaster ride at this level.

    All one mans opinion, DYOR etc etc.

    Holding, buying and bullish for the medium to long term with what I perceive as a ground floor opportunity.
 
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Last
23.5¢
Change
0.010(4.44%)
Mkt cap ! $16.89M
Open High Low Value Volume
23.0¢ 25.0¢ 22.0¢ $456.5K 1.971M

Buyers (Bids)

No. Vol. Price($)
2 32222 23.0¢
 

Sellers (Offers)

Price($) Vol. No.
23.5¢ 97209 2
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
SUM (ASX) Chart
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