SMM 0.00% 18.0¢ summit resources limited

overseas buying on friday!

  1. 13,126 Posts.
    lightbulb Created with Sketch. 6
    The 10th last trade on Friday came from abroad. 70,000 @31.7c. Hardly an Eric Sprott sized parcel but certainly makes for interesting thinking. Interesting to note that a small Canadian stock called Aldershot Resources closed up at 39c up from 25c a week ago. They have a small holding in WA which has restrictions like Queensland. their share price moved after an announcement confirming that had acquired 4 exploration licenses in the NT! North American investors have uranium fever and will buy on anything it appears. It is only a matter of time before Summit blows especially if you get the likes of Mr Sprott bringing out his energy funds wallet. The market is very patient when it comes to uranium stocks. Look at Paladin's run! They are not mining until the first half of next year!
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.