There is no reason for the SP to fall to 15c - think about it. That was the bottom that we hit at the height of uncertainty a few weeks ago.
This CR adds additional cash to their BS which is required. Fair enough at 16c you may be feeling like this is too cheap but if The Ace is being invited to acquire more shares they've specifically targeted those with a more substantial holding than the average punter.
So these are people that have invested a lot of money into SUM and most have higher averages than the current price considering where the SP was tracking 6 months ago. They've got long term mind sets and i'd doubt they'd be jumping at the opportunity for a very small return should they sell out straight away.
Now these funds will be utilised to further advance the project.
Have some faith - the fact that people are confident in investing an additional $4m into this company is a good thing!
- Forums
- ASX - By Stock
- tembang - tandai / update
There is no reason for the SP to fall to 15c - think about it....
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SUM (ASX) to my watchlist
(20min delay)
|
|||||
Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $16.11M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.0¢ | $72.80K | 398.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 49042 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 37845 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 145555 | 0.180 |
7 | 95774 | 0.175 |
7 | 235847 | 0.170 |
7 | 117232 | 0.165 |
3 | 478600 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 37843 | 3 |
0.195 | 16628 | 3 |
0.200 | 63773 | 2 |
0.205 | 10000 | 1 |
0.215 | 29608 | 1 |
Last trade - 12.30pm 11/10/2024 (20 minute delay) ? |
Featured News
SUM (ASX) Chart |