Sovereign Share Discussion Threads

[effiert] 06/10/2016 08:28

MMS here are scandalous. Should be illegal.

Drop the share price but n/t to buy any.

[effiert] 05/10/2016 12:47

holding well and only 1m available on offer at 0.75p. News soon and hardly any tweets or posts on the company. so very little hot money which bodes well for when news comes. Can see 1.2p shortly here. maybe even 2p with momentum and right news

[soulsauce] 05/10/2016 12:23

squiresquire very interesting thanks for your very sound thoughts.

The chart is looking very healthy again for another push north, a fair valuation of those assets prior to reverse takeover will surely see us well about a penny piece.

[squiresquire] 05/10/2016 12:17

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 (

[soulsauce] 03/10/2016 12:38

Buying picking up again. Hopefully a strong run this afternoon.

[soulsauce] 03/10/2016 09:45

Quite correct effiert the news could blow 1.2p away and may be looking towards 2p.

GL all catch you later.

[effiert] 03/10/2016 09:43

ChartToday 09:29 The evidence is on the daily chart in the form of the sharp spike and decline for the shares in the autumn of last year. This kind of white knuckle ride is something which you only see in the most volatile of situations, but it may be true to say that once a shakeout of this variety is finally in the rear view mirror it is very often the case that an element of stability does return. Evidence for such a statement comes from the progress within a rising trend channel which can be drawn in from as long ago as December. The big breakthrough in recent sessions and the reason for all the relative excitement is not only the push above neckline resistance at 0.5p, but also the way a bull flag has formed above this resistance.

1.2p doesn't account the news to be landed here, 1.2p is just from charts perspective. I would go above and well beyond the 1.2. Being a LT, I see the value of business going beyond 2p.

[soulsauce] 03/10/2016 09:42

Yes Mr Roper they are taking it up nice and orderly. Think we will see some big buys appear later.

Flavio thanks that's good advice and have done so.

[effiert] 03/10/2016 09:39

Spread nice and close also.. can see this breaking 1p prior to news. Got to buy the dips imo. not much stock around

[mally6] 03/10/2016 09:38

Looks close to news very hard to buy stock.been here a long time finally looks like the bod are about to show us some magic

[mr roper] 03/10/2016 09:29

SS, they must have heard you..lol

[flavio_monteiro] 03/10/2016 09:13

ADVISE: Put a sky crazy sell order on your stock i.e. 4p so your Broker cannot lend out the stock to market makers. This will make a proper market.

[soulsauce] 03/10/2016 09:09

Starting to motor now and suddenly freed up buying.

[mr roper] 03/10/2016 09:00

mm's have shut the shop and gone home...

[effiert] 03/10/2016 08:59

still nothing online

[mr roper] 03/10/2016 08:46

they must be hunting for a line of stock.

[soulsauce] 03/10/2016 08:44

No still nothing for me :-/

[effiert] 03/10/2016 08:36

nothing via barcs. mms appear very short here.

[georgia1972] 03/10/2016 08:34

Try IG got some earlier

[soulsauce] 03/10/2016 08:32

Can't even get £250 worth at this time with HL?

[effiert] 03/10/2016 08:26

Cannot buy anything online ;-(

[mr roper] 03/10/2016 08:24

agreed. JS has a wealth of mining sector knowledge. Hoping we can get to 1-1.2p before the news hits..

[soulsauce] 03/10/2016 08:22

'specialist professional advice'

[soulsauce] 03/10/2016 08:20

Agree. The first game changer was the capture of Jeremy Sparrow, the next one will be the biggie finding out what it is he has brought to the party ;-)