SUM 2.17% 22.5¢ summit minerals limited

SUMO, page-330

  1. 6,519 Posts.
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    What drill results? Can't drill without Drill Permits which the company have said in recent announcements and in some social media replies that they are expected to have the drilling and trenching permits granted very soon and once the Govt. has given the final approvals for the recent purchase of those 6 new tenements from the Govt. Auction; they'll proceed with works there too. I presumte work will start on the directly adjacent and north tenement of Equador.

    Lidar survery results and the bulk sampling results are expected.

    Drilling permit will most definitely have an effect on a stock price, not having a permit devalue's the stock since they can't do any work other than sampling.

    So yes once the drilling permits are granted and work begins, which the company have said would start almost immediately then if it's not too long a program, the share price should see a positive effect, so long the rest of the world markets behave themselves.
 
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