Sovereign Share Discussion Threads

[charles clore] 20/9/2016 17:35

Soul - thats a fact. I might have to hook up the old caravan and pay you a visit

[soulsauce] 20/9/2016 17:08

CC might be something fingers crossed, might be another bevvie you owe me ;-)

[charles clore] 20/9/2016 17:01

Soul, something leaking here you think?

[soulsauce] 20/9/2016 16:51

Strong in to the finish, bodes well.

[soulsauce] 20/9/2016 15:36

Nice one WL good luck.

[westmoreland lad] 20/9/2016 15:10

Bring on the brew. Just picked up 1MM.

[soulsauce] 20/9/2016 14:07

Definitely feels like something is brewing.

[soulsauce] 20/9/2016 13:42

Yes lets hope so SS

[squiresquire] 20/9/2016 13:40

SS

Indeed, long may it last, we may be very close to news now, fingers crossed.

[soulsauce] 20/9/2016 12:36

Volume and share price creeping up nicely ;-)

[soulsauce] 17/9/2016 08:42

Thanks squiresquire fingers crossed.

[soulsauce] 16/9/2016 14:04

Starting to show some sparks of life, results due soon so we should know something by then.

[soulsauce] 13/9/2016 15:42

It's not a shell.

[cyberbub] 13/9/2016 15:31

If SMA is a shell, by when does it need to make an investment in order to avoid suspension? Thanks.

[soulsauce] 24/8/2016 12:55

Hi WL. Thanks for the info. Be good to have you on board. GL.

[westmoreland lad] 24/8/2016 12:51

Hello SS + SS.

Yes they are certainly in very prospective ground. I've been picking up shares in HUM over the last year or so which is close by - I think. HUM are about to build
their plant and hope for first pour end of 2017.

Probably get a toe hold here shortly while OPEC fannies around.

[squiresquire] 23/8/2016 14:36

Soul above has said it all really, in this area that SMA have there is very important evidence of historic gold working. Over the years individual artisans go into the area, find evidence of gold and then dig their own pit that they then sift for gold. Over the years one after another go into tried and tested areas to do the same thing. The importance of this is the fact that word of mouth travels quickly but so also does the knowledge that a 'strike ' is no good. I have seen this in close up in S.A.

Around and in our lease area there are over 9,000 old gold workings, this is really exceptional, so on these grounds i myself, and no advice is meant by this, believe the ground to be really good for gold and with the right equipment a truly outstanding find could be made. If you look at SMA attempts to evaluate gold here you will see the results from 10% of their outlined area were very good indeed. If they now go for the other 90% and get similar results then they have hit paydirt. But i suspect that they, ie Clarke and Fraser are after something far bigger which may be, and this is my guess work, the combining of other mining leases close by. The other leases are also of good provenance. I think they are onto something potentially really good. But each to his or her own thoughts and research. Thats mine.

The other point is that if Clarke, and do look at his outstanding record on AIM with a couple of top companies having made him tens of millions already, does come out with a good RNS then i think the share price will leap as it moves very sharply on small trades, see evidence today of that, so i am happier to be in and wait patiently as i wont get in at these levels when an RNS does come out.

[soulsauce] 23/8/2016 12:26

miahkaysor I would say this is a total punt and to some extent it may be but when you look at the calibre of management and the new NED (who is willing to be paid in warrants) then it lessens the punt status.

The company were unlucky that they were mining in ebola central when the outbreak hit, consequently the whole thing ground to a halt.

But as squiresquire quite rightly says they are sat on some very prospective ground. squiresquire is much better to ask about the company prospects than me.

The new management are formulating a plan to take the company forward and with their experience and contacts there is a better than average chance that they will breathe more than new life in to this company.

Read the last few RNSs re' Jeremy Sparrow and then make a decision and then before buying read a few more.
I am more than happy to believe that they will find a niche for this company in a decent project and the share price should respond accordingly.

[miahkaysor] 23/8/2016 11:15

soulsauce thinking of buying 500k, but haven't really done any research, would you be willing to share your research, maybe a brief summary?

[soulsauce] 23/8/2016 11:10

Hmmm starting to look a little more in demand and a little more perky. May be news isn't far away ;-)

I think we could easily spike to the similar heights of last Oct & Nov with the right news, and given the calibre of mgt and the new NED then we certainly should.

[soulsauce] 23/8/2016 10:42

Yes CC that's how it moves when it goes.

squiresquire yes I was just wondering if they would think of getting out of West Africa having been bitten once with the ebola outbreak?

[charles clore] 23/8/2016 10:19

Price very willingly ticked up on that 500k buy. News on the way?

[squiresquire] 22/8/2016 17:38

I had been thinking exactly that too but the more i look in depth at the area the more i realise its a very very old gold mining area indeed, so i think they may be on to something quite exciting.

[soulsauce] 22/8/2016 16:52

Thanks squiresquire, agree I expect we should hear something soon. I am wondering if we will stick with gold or divest them and go in a different direction altogether.