Additional Information
Market: ASX
Sector: General Mining - Gold
EPIC: SUM
Latest Price: A$0.09  (-5.56% Descending)
52-week High: A$0.27
52-week Low: A$0.09
Market Cap: A$16.20M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Sumatra Copper & Gold
www.sumatracoppergold.com

Sumatra Copper & Gold plc (ASX:SUM) was established in 2006 to explore for, and develop, gold-silver and copper-gold mineral deposits on the Indonesian island of Sumatra. The Company has an economic interest of 92.5% in its projects. Sumatra’s assets include a mineral resource of some 2.15 million ounces of gold and 24 million ounces of silver reported to JORC Code standards, with further exploration targets identified.

Pdf

Sumatra Copper & Gold 22% price spike prompts ASX price and volume query

19th Apr 2011, 6:22 am

Sumatra Copper & Gold (ASX: SUM) received a price and volume 'please explain' from the ASX with a 22% jump to $0.38 in intra-day trading yesterday, up from $0.31 on the previous trading day.

The company said it is not aware of any information that has not been announced which could explain the sudden interest, but did however state:

'As set out in the company’s presentation to investors as released to the ASX on 5 April 2011 and further to the company’s 28 March 2011 ASX announcement ‘Updated Resource for Tembang Project’ the company is transitioning from an explorer to an emerging producer, underpinned by an updated resource statement at the Tembang project of more than 1 million ounces of gold and 13 million ounces of silver.

'The company's presentation to investors highlights these facts and, together with the appreciation of both the gold and silver commodity prices, may account for some portion of the buying activity.'

The Tembang Gold and Silver Project is located in central Sumatra, Indonesia. The updated resource allows the Pre-Feasibility Study to be completed with the scope of the project finalised for the Definitive Feasibility Study (DFS), scheduled to commence in the second half of 2011.

Sumatra Copper & Gold is currently trading at $0.375.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.