SMM - Summit Resources

[Sean K]

I've been looking at this for the last week but i'd just like to see it make a move b4 i'd jump on. Although i came very close tonight but held back just waiting for he "second coming".

If it breaks under $2.75, then I think $2.60 might be a good buy point. I agree, though, would want to see a positive candle or two before getting in for some more.

 

[Sean K]

Breaking up ,which is noice! Noice I say. Maybe an all time high close today, if it can maintain the rage. Rage SMM! Rage!!

People must be wondering if it's too late to jump on this baby. Maybe you are right. Maybe PDN will pay $5.00 for them too.. he he.

 

[CanOz]

Allot of decent miners have charts that look much the some atm, have you noticed a few too?

Cheers,

 

[Sean K]

Allot of decent miners have charts that look much the some atm, have you noticed a few too?

Cheers,

Yep, check my comments on the MTN thread.

 

[dj_420]

has found support in last week or so at 2.72 or thereabouts. seems to be trending sideways now, IMO this pattern will continue until we get the long awaited JORC results. should be here very soon for a nice christmas present.

 

[Sean K]

I think this went out in sympathy with PDN yesterday.

Hopefully a little bit of support here, hitting trend line also. Hopefully. Perhaps there'll be a larger pullback.

Where are those six JORCs? Are they going to do us over I wonder?

 

[Sean K]

If it breaks under $2.75, then I think $2.60 might be a good buy point.

Post 221.

Am I going to take my own advice?

 

[dj_420]

i would have to agree with you here kennas.

from market depth a lot of buying support is building from 2.50 plus. with JORC results looming i am very tempted to buy some more at these levels. apparantly the US is selling some of its uranium stockpiles and market got a little scared yesterday pushing price down.

i however dont see this as affecting the uranium shortfall anytime soon. does anyone know when the ann is due? im might call SMM today and see if they will give me an indication of when these results are coming.

so i have to agree with post 221 at these price levels it is entering buy territory for me.

 

[bigt]

dj...did you manage to call Summit?

I (like a couple others here) cheekily emailed them to ask rough dates for the jorc's...no reply.

Maybe a call will get better results.

 

[dj_420]

yeah i called and they said director wasnt available to take my call. left my name and number and what it was regarding. i just want to see these results!

damn all this waiting

 

[Sean K]

dj...did you manage to call Summit?

I (like a couple others here) cheekily emailed them to ask rough dates for the jorc's...no reply.

Maybe a call will get better results.

LOL, I did today as well. he he.

 

[bigt]

I can't help but have a bit of bubbling in my belly here...6 jorcs before end of year? Big, big ask as we are now midway through the month. I just feel SMM may be concerned if they release an announcement re these JORCS, stating there is some delay etc, it will have a large -ve impact on the SP. So, they just keep us waiting, and keep our vivid imaginations ticking along..thinking of what may be... I hope they release the fattest turkey first...

 

[Sean K]

I can't help but have a bit of bubbling in my belly here...6 jorcs before end of year? Big, big ask as we are now midway through the month. I just feel SMM may be concerned if they release an announcement re these JORCS, stating there is some delay etc, it will have a large -ve impact on the SP. So, they just keep us waiting, and keep our vivid imaginations ticking along..thinking of what may be... I hope they release the fattest turkey first...

Perhaps they'll release the fattest turkey with the little chicken? The company will lose some credibility if they do not release these by the end of the year. Or, at least 3 of them perhaps. In regards to disclosure, bad news does not get better with time. If they were any sort of managers they should understand at least that.

 

[Sean K]

Just got a message that there have been some delays with the lab testing and validating data, but the intention is to have further resources released in 2006. This may mean that not all 6 JORCs expected will be released, but at least one will I suppose.

 

[Sean K]

Been consolidating for over a month now.....did run very hard initially up to almost $3.00. Looks to have broken out of what I see as a fairly tight trading range up till a few days ago. Nothing too negative, but maybe the start of a new range. Just does NOT like $2.85 ish. If it does break through there then that could be the start of new up leg. I may top up if it does that. Not too happy about the MACD sliding down....

 

[Sean K]

Just got a message that there have been some delays with the lab testing and validating data, but the intention is to have further resources released in 2006. This may mean that not all 6 JORCs expected will be released, but at least one will I suppose.

Not long to go.

I hope this is not a BMN/EXT result with the 'news' being negative for the sp. Might be yet another buy the rumour sell the fact play. Anyone want to take bets that the sp gets a whack when the JORCs eventually come out? Or, when they ann that there has been a delay?

 

[Sean K]

Just got a message that there have been some delays with the lab testing and validating data, but the intention is to have further resources released in 2006. This may mean that not all 6 JORCs expected will be released, but at least one will I suppose.

Well, they have 2 days to get the ann out, or prove to just another company who can't keep their promises. Hope they don't let us holders down.....Will be extremely interesting to see what they end up with. I'm still concerned that the ann needs to be quite bullish, or profit takers will take over. 'buy the rumour sell the fact' situation......

Has been consolidating for some time now and could be moved to the potential breakout alert thread shortly. The MACD has just turned up a little indicating momentum could be shifting to the upside. Volume has come off a bit in the lead up to the ann.....

 

[lancer]

Summit up 8.7%, could this be an indication of a Positive JORC?

 

[JimBob]

Took a while to crack the $3 mark after hovering around $2.60 to $2.80 the last few weeks, hopefully it stays there now.

 

[chicken]

bREAKOUT......up 26cents to $3.04