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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sovereign Mne | SMA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.255 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.255 | 0.255 |
| Top Posts |
|---|
Posted at 08/6/2018 10:23 by varrirob Link from the LSE thread. Looks like things are starting to gain momentum.hxxp://www.sovmines. |
Posted at 25/1/2018 17:56 by big7ime aI101uk could you enlarge on your post 3035. The link is denied. Where do you get that info from? |
Posted at 10/11/2017 21:51 by 2magpies Is this him?Port of Bristol: could it be.... a listing via SMA? Intriguing |
Posted at 10/11/2017 20:09 by flavio_monteiro One of the richest man in the country Sir David Ore has just purchased almost 10% of SMA.....interesting with the shares been suspended for such a long time. Exciting times ahead..... |
Posted at 29/9/2017 08:39 by 2magpies Things are developing nicely, behind the scenes!And that seems like a very niche sector they're getting into. Makes sense to sell a chunk of volcanic, which leaves SMA with £600k+ of cash. Still have 1,000,000 volcanic shares. |
Posted at 01/6/2017 08:56 by squiresquire magpieYes as far as i can see it is correct, Vocanic could have an excellent future there, they raised their initial money to get started on testing etc but that Mandiana area is serious gold country make no mistake about that whatever. They counted over 9,000 different artisan workings, ie small guys looking for gold by paning etc, in one survey. People dont go into the bush for fun looking for gold, its a serious attempt to get a decent amount of cash. 9,000 is a lot of people so they were not all wrong. As for SMA, india is vast, the young middle class dynamic is really huge, i would not be at all surprised to see Clarke aiming at that age group. |
Posted at 01/6/2017 07:21 by squiresquire Very interesting RNS, so now Giles Clarke is going to go for consumer goods in India. Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona.Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Xmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart. Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003. Now he is in India pursuing something there for SMA. It makes sense for Rupert Street to go as his experience was in Hong Kong and Clarke will need someone from India. Having previously pursued a wider strategy of targeting assets in a number of sectors, the Company is now pursuing a more targeted strategy, including pursuing acquisitions in the Indian consumer goods sector. The Board is actively assessing acquisition opportunities and is in preliminary discussions to acquire a business operating in this sector. There can, at this time, be no guarantee that any acquisition will complete. Further announcements will be made in due course. Finally I would like to thank Rupert Street for his service as CEO of the Company. Rupert has today stepped down as CEO and resigned as a Director of the Company. The Company intends to appoint a new CEO in due course who will complement the anticipated new direction of the Company and who it is planned will be based in India. |
Posted at 26/4/2017 16:29 by marnewton Hey squire;¬)As you can see, SMA is currently just above the base line of the December 2015 ascending channel and riding along the flat-lining 50 day SMA (blue line). It does seem to be trying to form a basing pattern. I'd be happy to hold as long as it remains within the channel, but would seriously consider my position should it fall below the horizontal support line at 0.33p. As for buying or topping up, I'd wait for closes above 0.43p, or, better still, above the still rising 200 day SMA (red line). The trouble with that strategy is this share does seem to move very quickly when it moves! Note the yellow line. It's the 8 day ESA (or EMA). Getting and staying on the right side of that is always a good plan and a good early doors buy signal. You can see how well it works in previous established trends. The stochastic is a bit toppy. M Log scale daily candlestick chart: (Purely a chart view, I have no knowledge of the fundamentals.) EDIT: You can set the 8 day EMA up on ADVFN's HTML charts, supplied by TradingView. |
Posted at 26/10/2016 13:38 by squiresquire A few thoughts of mine, maybe correct maybe not, do your own research.These are our main movers in Sovereign Mines of Africa. Giles Clarke began his career as an investment banker with Credit Suisse First Boston. In 1981 he bought from receivership the assets of what was to become Majestic Wine, where, as chairman, he built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona. Following disposal of the US based businesses, he sold the UK plc business of Majestic Wines for £15 million in 1989. In 1990, Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Xmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart. In 1998, Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003. In 1999 Mr Clarke became CEO of Stepstone, an online career portal. Since he came on board, the company has raised NKr1.8bn ($197m) from the IPO in 2000 and grew from four countries and 200 employees to a staff of 1,385 in 18 countries. Clarke then became Chairman of the Cricket Board, got his CBE and also the following: 2002–2007 As a National Council member of the Learning and Skills Council, the largest quango in the UK with a budget of £10 billion, responsible for all UK adult learning and a member of the Adult Learning Committee, a statutory body set up by the UK Parliament. Clarke was Deputy Chair of the EU Task Force on Skills and Mobility and presented its report to the Barcelona Summit in 2002. Deputy Chairman of the Bristol Old Vic theatre until 2007. Patron of Changing Faces, the UK national charity supporting and representing people with disfigurement. Master of the Society of Merchant Venturers, Bristol (2011) Jeremy Sparrow was bought in by Clarke to SMA and along with Clarke invested as follows: Giles Clarke as Chairman and Rupert Fraser as a non-executive Director of the Company with effect from completion of the Subscription (as defined below). In addition, the Company has raised GBP500,000 through a subscription of 500,000,000 new ordinary shares of 0.01 pence each in the Company ("Ordinary Shares") at a price of 0.1p each (the "Subscription"). Giles Clarke and Rupert Fraser have invested GBP100,000 and GBP125,000, respectively, in the Subscription alongside existing and new shareholders, including existing director Nathan Steinberg. Nathan Steinberg was an existing director. Mr. Jeremy Sparrow was a Managing Director at Investec and ran the Asian (including Australian) resource investment banking businesses. A highly distinguished investment and financing professional, Mr. Sparrow possesses over 25 years of extensive deal-making experience across multiple geographies and has led equity teams that have raised a combined total of over $23bn. Prior to Investec, Jeremy spent 12 years with Renaissance Capital, as a Managing Director heading up Equity Products in New York and the UK before becoming the CEO of Renaissance Capital Asia, where he established the company's first Asian offices in Beijing and Hong Kong. Notice Jeremy Sparrows interest in Hong Kong. Now, today, we learn we have a CEO, his background is also Hong Kong as follows: Rupert (48) is a former Officer in the British Army and is a highly experienced investment and frontier markets operator having run businesses for over 26 years across multiple geographies, with particular experience in Asia, Hong Kong and China. Throughout his career, Rupert has served as CEO across a range of companies, successfully building and growing Ptarmigan Eden Asset Management, a private Special Situations Company with significant experience in execution across global exchanges, private equity and venture capital investments supported by Credit Lyonnais Europe and UBS, a global commodities trading company and most recently Eugen de Buren, a resource focused Asia centric PE and Public Markets team, advising international resource companies and both regional and global PE equity funds. At this stage its clear Clarke has something up his sleeve and has deliberately bought in people with very substantial connections / careers in Hong Kong / Asia. So now we need to look at what SMA is actually connected to. Well if you read back into SMAs history you will find this from an RNS : David Pearl, Chairman of SMA, said: "We have been engaged in intensive and protracted negotiations with a substantial mining company. It is therefore very disappointing that no agreement has been signed and I would like to apologise to shareholders for the uncertainty that this has caused." Immediately then Pearl went on to say: Future funding requirements At the time of the release of the Company's interim results on 28 September 2015 the Board received a firm commitment from one of its directors to underwrite a limited capital raise, as well as indications of support from certain shareholders. This commitment and indications of support were made at a pricing level below the closing mid-market price of 0.175 pence on 28 September 2015, and significantly below the current market price. A capital raise is expected to take place shortly, and in any event before 31 December 2015. However, shareholders should be aware that without a refinancing in the immediate term, the Company will not be able to continue in operation. This is the point when GC and JS have made their move along with NS. Very clear in all this is that our main movers of today understood the companies position at that time and despite it being ' disappointing that no agreement has been signed ' they then put their first money into SMA. At that point they secured control, got rid of Pearl and started to plan for the future of SMA. They did mention Mandiana in the main RNSs, they said it had some estimated 610,000 oz from drill samples in just 7% of a measured strike. This led to an assumption of the possibility of some 6 million ounces if the rest of the line averaged out the same. However, there is very substantial additional information not mentioned. The RNS stated; ' SMA announced a maiden inferred JORC gold resource of 610,000 ounces of gold at an average grade of 1.2 g/t based on only 15,500 metres of drilling and covering only seven percent of the mineralized strike. , They also said by RNS: We always recognised the potential of Mandiana and the real opportunity to discover a multi-million ounce resource. A team from a major international gold mining group who visited the site in June this year were of the opinion that Mandiana has the potential for a Tier 2 gold mine supporting annual production in the range between 200,000 ounces and 500,000 ounces of gold." Enter the Ebola dynamic. I cannot go further now, time is pressing, but the story here is a small, very small, part of the actual picture that i see. The news will now start to flow. |
Posted at 05/10/2016 12:17 by squiresquire This is just to update on how things may be going.In the last statement Giles Clarke gave mention to the 'nil value' for SMA currently shown on the books. However, the historic importance of Mandiana is best shown perhaps by the quite extraordinary number of ' Artisnal Pits '. There are no less than 9,000 of them. Each pit has been dug by local people over the decades to get a piece of gold they may then sell locally. Around the world there are many 'strike' areas, and the locals have known about most of them for years. The 9,000 dug around Maniana is truly exceptional in that for decades people have repeatedly shown up to dig and wash out a few ton of rubble they have dug from each pit. They dont keep on returning if there is no gold. I suspect that we are about to see in the news announcement which will see the reverse takeover, value put to SMAs gold leases. The test results last done gave some 610,000 ounces from just 7 percent of the area to be tested. This inferred some figure in excess of 6 million ounces. But also as above it can be seen that at the time the company felt deeper drilling would come up with even better results.Enter Ebola and the company was all but shut down. Now its a different story and i think its well likely G.C. is gong to get a decent price for the leases, as well as a very good result with the reverse takeover as his long track record of doing shows him capable of. Very interesting times and according to G.C. not long to wait, not long at all. I for one am not at all surprised at the rising share price as it gets ever closer to the RNS that is going to put all this in perspective. 30 September 2014 Sovereign Mines of Africa PLC ("SMA" or "the Company") Assay of final batch of results from Phase III drilling at Mandiana Sovereign Mines of Africa PLC (AIM:SMA), a gold mining exploration Company with properties in the Republic of Guinea in West Africa, is pleased to announce the assay results of eight Reverse Circulation (RC) drill holes from the Mandiana gold project in the Republic of Guinea. In the Yagbelen Zone, one drill hole, RCY_93_3, intersected a high-grade quartz-vein cutting an interval of four metres averaging 18g/t gold from 87 metres and a second hole, RCY_95_3, cut a broad zone of 27 metres averaging 1.46g/t gold from 43 metres. John Barry, SMA's Director of Exploration, commented: "These very encouraging results confirm the impressive grade of high-grade shoots within a broader extensively mineralized envelope. The deep weathering and oxidization to depths of up to 120 metres supports the potential for a low-cost, open-pit bulk mineable resource at the Yagbelen Zone. What is new, is that the potential for a high-grade underground operation should now also be given very serious consideration." "We always recognised the potential of Mandiana and the real opportunity to discover a multi-million ounce resource. A team from a major international gold mining group who visited the site in June this year were of the opinion that Mandiana has the potential for a Tier 2 gold mine supporting annual production in the range between 200,000 ounces and 500,000 ounces of gold." In October last year SMA announced a maiden inferred JORC gold resource of 610,000 ounces of gold at an average grade of 1.2 g/t based on only 15,500 metres of drilling and covering only seven percent of the mineralized strike. This relatively early stage milestone compares very favourably with other more advanced gold projects in the region such as Avocet Mining PLC's (AIM:AVM) Yaoure gold project in the Ivory Coast and TrueGold Mining Inc.'s (TSX-V:TGM) Karma gold project in Burkina Faso, when they were at a similar stage of evaluation. With the acquisition of the Mandiana South Concession last November SMA has no less than seven major artisanal areas, which have never ben drill-tested ( |
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