SMM - Summit Resources

[dj_420]

very nice increase on SMM today. does anyone know exactly when the next JORC is due??

i think the blue sky is just appearing, the stock has seen massive increase in interest.

 

[Sean K]

No dates DJ, but they are coming out with 5 or 6 before Santa arrives, so they need to start dishing them out don't you reckon.

Just have to put the chart up too!

 

[chicken]

Kennars..I hear you are selling...LOLOLOLOLOLO....you are one laugh a minute....you would not sell as long as your b is pionting to the ground...what is SMM worth....I say we are sitting on the next Poseiden here

 

[dj_420]

i would like to see two or three or them coming sometime this month.
seems everyone is getting set for the JORC ann.

 

[moses]

You mean buying on the rumour, price crashing on the ann?

I hope not!

 

[Sean K]

There may be an element of buy the rumour sell the facts here. Might depend on the quality and size of the JORCs.

 

[dj_420]

well judging from qtrly we dont have to be worried about grades, everything they have hit has medium to high grades of u.

so it will come down to tonnage of uranium they have. but also remember every resource is open and could potentially see increases across the board.

 

[moses]

i think the blue sky is just appearing, the stock has seen massive increase in interest.

Indeed. So what does blue sky mean to you re. SMM? $3, $5, $10, $20, more? Chooks may fly but how well do they see the sky?

 

[Sean K]

well judging from qtrly we dont have to be worried about grades, everything they have hit has medium to high grades of u.

so it will come down to tonnage of uranium they have. but also remember every resource is open and could potentially see increases across the board.

Yep, even Skal and Valhalla are open. They have 75 m lbs JORC atm, so they will easily eclipse 100m lbs after they get these next results out.

 

[chicken]

There may be an element of buy the rumour sell the facts here. Might depend on the quality and size of the JORCs.

I have been around for a longtime and I remember in the earlie 60 going up to the northern territory Tennant Creek...as we nearly got into Mt Isa...my German mate told me how much Uranium was found by Mt Isa mines..now part of SMM....I am holding as no way I am selling at these prices..the U is there believe it...I know as I have been up there and seen it...

 

[Sean K]

$2.90. This is going to topple over soon it's going too verticle. Surely can not sustain this. To take some profits, or not? Hmmm, might just test my luck a little longer.

 

[dj_420]

not sure kennas

its tempting to take some of the table, but i think this company has just seen a significant re-rating. large buy orders are still going through 50 000 units plus.

i think everyone is just becoming aware of the next big uranium player in australia, even though they cant mine yet.

this is been brought to light with companies trying to snatch up ground around mt isa, where SMM already have huge exp tennements for next couple years of exp.

im holding long term anyways. but i dont know what levels to top up and buy more now.

 

[dj_420]

Yep, even Skal and Valhalla are open. They have 75 m lbs JORC atm, so they will easily eclipse 100m lbs after they get these next results out.

hey kennas if there is 100 m lbs in those two deposits its crazy to think of any sort of total they may have once JORC for other 6 come through.

buyers stacking up again this morning. from the looks of it we have 120 000 buy orders at 2.90 plus. and when refreshing i have seen sellers pulling their bids. only around 50 000 or so selling bids.

should be a good day for uranium again.

 

[Sean K]

I've taken some profits. Still holding a few.

 

[nirama]

Forgive me coz i am blonde and still learning all this.......what is the best way to see who is buying and selling and what orders are in waiting to be filled. I use the St George Directshares website.....Thanks

 

[Gurgler]

Forgive me coz i am blonde and still learning all this.......what is the best way to see who is buying and selling and what orders are in waiting to be filled. I use the St George Directshares website.....Thanks

Nirama, I'm also still learning all this, but on Westpac Online, we have access to a link on the side menu labelled "Market Depth" under the subsection "Quotes". By entering the asx code for a stock, you can look at the top 10 buy and sell's. Don't know if you have anything similar at St G's? Hope this helps.

OAM, can anyone tell me the significance (if any) of the Change in Directors Interest Notice posted this evening?

 

[Sean K]

OAM, can anyone tell me the significance (if any) of the Change in Directors Interest Notice posted this evening?

Not much. Taking up options as voted on during the last AGM which was also ann for another director on 9 Nov.

You holding Gurgler?

 

[EvilCoconut]

Does anyone here think that one day in the near future SMM is going to be ranked agaisnt repectable companies such as PDN and BHP and WPL.?? (in the sense of share prices and dividends)

 

[Sean K]

Does anyone here think that one day in the near future SMM is going to be ranked agaisnt repectable companies such as PDN and BHP and WPL.?? (in the sense of share prices and dividends)

If Labor change their national no new mines policy, potentially a PDN, but never a BHP. Different ball game.

 

[nirama]

Thanks for that.......St George Direct Shares does have a "Market Depth" option.....all good.....much appreciated....