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David Sumich

David Sumich is a Perth-based company director. His current roles include being executive chairman of eSports Mogul Asia Pacific, formerly Volta Mining. From 2007 until June 2010 Mr Sumich was Managing Director (and founder) of West African iron ore company, DMC Mining Limited (‘DMC Mining’). DMC Mining was the subject of an on-market cash takeover valuing DMC Mining at approximately A$50 million which was finalised in June 2010. Mr Sumich was responsible for overseeing the acquisition of the Mayoko Iron Ore Project, and the subsequent capital raisings, drilling programmes, JORC statement and the rail and port agreements with the Government of the Republic of Congo.
Bio last updated 17 Nov 2018

Positions - Previous

PositionCompanyYearCompany's current rankWA staff
Managing Director
Surefire Resources
Surefire Resources
2017 - 2017490
Managing Director
Volta Mining
Volta Mining
2011 - 2016
Co-Founder, Non-Executive Director
Globe Metals & Mining
Globe Metals & Mining
2006 - 2008429

Directors Interests

CompanyDateTransaction typeNumber of sharesPrice per shareTransaction valueNature of change
Volta Mining03 Feb 2016Bought200,000$0.03$5,488On-market trade
Volta Mining22 Dec 2015Issued8,730,315$0.00$26,191Rights issue
Volta Mining27 Jan 2015Bought7,464,419$0.01$75,465On-market trade
Volta Mining20 Apr 2012Bought100,000$0.26$26,143On-market trade

Equity Capital Markets Deals

DateCompanyTransaction TypeTotal Value
02/02/12Volta MiningInitial public offering$3.0m>>
20/01/14Volta MiningPlacement$1.5m>>

Mergers & Acquisitions Deals

AnnouncedBidderTargetTransaction TypeTotal Value
03/02/16Volta MiningeSports Mogul Asia PacificReverse takeover$2.0m>>

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
115thGenesis Minerals44%19%
121stGreat Southern Mining42%-1%
269thGlobe Metals & Mining8%-20%
348thGeopacific Resources-0%-14%
527thGreat Boulder Resources-26%0%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

427th↓Genesis Minerals$0
428th↓Geopacific Resources$0
429th↓Globe Metals & Mining$0
430th↓Great Boulder Resources$0
431st↓Great Southern Mining$0
512 listed resources companies ranked by revenue.
Source: Morningstar

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