Share Name Share Symbol Market Type Share ISIN Share Description
Sovereign Mine LSE:SMA London Ordinary Share GB00B3P3XP06 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.51p 0.50p 0.52p 0.51p 0.51p 0.51p 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -3.9 -1.3 - 4.39

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08/12/2016 14:44:480.5013,40467.02O
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DateSubject
09/12/2016
08:20
Sovereign Daily Update: Sovereign Mine is listed in the Mining sector of the London Stock Exchange with ticker SMA. The last closing price for Sovereign was 0.51p.
Sovereign Mine has a 4 week average price of 0.54p and a 12 week average price of 0.63p.
The 1 year high share price is 0.96p while the 1 year low share price is currently 0.09p.
There are currently 860,858,850 shares in issue and the average daily traded volume is 426,887 shares. The market capitalisation of Sovereign Mine is £4,390,380.14.
18/10/2016
10:31
squiresquire: I see people are asking about where the share price could go to. None of us can be sure about this but one or two facts may help. Right now the company is valued at such a low figure because the assets the company does have are, according to the last RNSs, marked at nil value on the balance sheet. When SMA had a test done on its Mariana assets one strike line was drilled some 7 percent of its distance. In that 7 percent a value of 610,000 oz was attributed. Clearly this intimates a potential total of some 6 million ounces. But this is not by far their only asset. The area they are in is a very well known historical gold producing land. Looking at the maps you can see a proliferation of mines. I think that the only reason our directors, both of whom have stellar careers in their respective fields, have any interest is due to the outstanding significance of this area. There is no doubt that the Ebola crisis destroyed SMAs chances a few years ago but now is a quite different story. Giles clarke and Rupert Fraser collared in Jeremy Sparrow to assist their program with SMA, his career once again has been pretty special. News soon but my take on the share price is that 4p may be very very cheap if they come up with anything half decent.
05/10/2016
11:17
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 (http://www.sovmines.com/mandiana-magana-maps/).
27/9/2016
12:18
barneygumble27: People are selling too early in my view the news is top notch, the share price should pick up the next couple of weeks
27/9/2016
08:43
flyingc: Last year it started raining news from SMA after the results were in. My view is news in the next three to four weeks on corporate activity and the next leg up in the share price thereafter. We'll see - certainly a very well positioned company with a stable balance sheet and ambitious plans. Plenty of upside still if the co can deliver on it's aims. FC
23/8/2016
13:36
squiresquire: 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.
22/7/2016
08:53
squiresquire: Dont forget 4.4 6.6 and 8.8p were all levels this company held in terms of share price ....even with a pretty useless management.!!!
22/7/2016
08:50
squiresquire: If you look back just 7 months ago you can see the share price at about the 1.5-1.7 levels. Then they were simply in discussions about financing the Mandiana, nothing else. They have a lot more to offer than Mandiana and i personally feel Clarke has seen potential in something hitherto unnoticed. If you look at the way he went into IRON, inititally to mine just Iron Ore, but once he had it all financed he then said they had High Purity Iron ( far more valuable ) and also Vanadium and Titaniuum to boot. They are now starting up the smelting etc which takes time but basically he sees far more than the average person hence his ability to make the millions he does. From the time talks were previously announced for SMA the share price was over our current level, and up to 1.7.....if we get the reverse takeover then the share price in my opinion will be over 3p. Clarke, Fraser and our new guy on the package he is on, are clearly a team far far above the previous management SMA had. These guys are after a really good share price, and as i say i expect it to start from 3p as soon as they complete the RTO. Then the fireworks will really start when they tell us what it is they have up their sleeve.
18/7/2016
06:14
soulsauce: Very nice appointment should do well for the share price ;-)
22/4/2016
14:15
mister md: The Board of Directors of SMA notes the *further* movement in the Company's share price today and confirms that it *still* knows of no reason for the price movement. The Board continues to develop its plans for the business, as well as seeking a partner to advance the Company's Mandiana gold project in Guinea, and will update shareholders when there is a material development. :-)
04/1/2016
03:27
wheelds: It is clear that the price of Gold reflects the value of the US Dollar. In the last 4 years as the US dollar index has risen the price of Gold as declined. When the US dollar falls the price of gold rises. Makes common sense really, And if you look at our own chart you will see the same thing. Now lots of other factors also effect the share price of different companies; So, on top of the Ebola crisis now said to be over in Guinea, if this year the value of the US dollar also starts to fall, then 2016 should be a good year for the share price of SMA. IMHO
Sovereign share price data is direct from the London Stock Exchange
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