|that's a big spread !!MMS knows something is a foot|
|Amazing how little buying it takes to push the price up, they are clearly watching it like hawks, something going on in the back ground. When this takes off i think it will really motor.|
|It's a waiting game unfortunately. The only positive is that the share price has remained pretty stable during this time. Hopefully we wont have too much longer to wait until we know who the RTO is with. If indeed thats what happens.|
|Gone very quiet !!!!!|
|If you look at the chart since February 2016, it actually looks very good. Not that charts really make an important point of reference with many of these penny shares, but our time could come along any day, any time.
What is it that has made Clarke put so much effort into SMA?|
|And getting more so by the day, could go down a fair but yet but be positive several months to go.|
|Agreed but where is the end? Getting painful at the moment.|
|Looks like its back to .3 for a while. Never mind its the end game that counts.|
|I have noticed a fair bit of buying over the last few days. Someone purchased one million today.|
|With news just around the corner it is a great time to buy in here.|
|Just wishing is all we can do for now. That, and speculate what might be lined up. Lithium is the metal of the moment and the Chinese can't get enough of it. Hope it's a lithium play.|
|Nice day, all blue. News any moment. Think positive, act positive, go for it. Or stay just 'wishing'|
|Hi You guys, nice to see life,
Totally agree, they have put in a lot of cash, hired a couple of genuinely top guys, and a CEO all of whom seem to have connections in the Hong Kong / China markets. It certainly was not by accident they put in as much money as they did, so just chill they have to be up to something.
On the 18th July 2016 they got in Jeremy Sparrow, now that is just 8 months so sure they have had him a fair time but certainly the type of paperwork involved would take a fair time. When he joined they said this:
A highly distinguished investment and financing professional, Jeremy 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.
Jeremy was most recently Head of Investec Resource Investment Banking for Asia and Australia. He was responsible for setting up an integrated sales research and IB/ECM platform and oversaw the raising of over US$1.5bn in just six months of operation. 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. Jeremy has also served as a Vice President at Morgan Stanley, where he was Head of EMEA distribution for the USA, and started his career at American Express Bank.
Then on the 26th of October 2016 they bought in Rupert Street to act as CEO. That was Three months after Jeremy Sparrow and five months ago.
They said of Rupert:
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.
Then on the 20th January they said this:
Further to the announcement of 7 November 2016, Sovereign Mines of Africa PLC (AIM:SMA), is pleased to announce that it has completed the farm-out of its 75% interest in the Mandiana Gold Project in the Republic of Guinea, West Africa to Volcanic Metals Corp. ("Volcanic"). In connection with the farm-out Volcanic has changed its name to "Volcanic Gold Mines Inc." and now trades under its new name on the TSX Venture Exchange, under the symbol "VG".
In consideration for the farm-out the Company has received 2,502,489 common shares in Volcanic, as announced on 7 November 2016 it is the Company's intention to hold its interest in Volcanic for such time that maximises shareholder value.
Effect of the Farm-out
The farm-out of the Company's 75% interest in the Mandiana Gold Project constitutes a cessation of all of the Company's existing trading business pursuant to Rule 15 of the AIM Rules for Companies ("AIM Rules"). The Company is now classified as an AIM Rule 15 cash shell, pursuant to which it must make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14 within six months, failing which the Exchange will suspend trading in the Company's shares pursuant to AIM Rule 40.
So that was just 8 weeks ago. I do realise they would have been working on the main project they have in mind from when they started this venture, but it is only 8 weeks now that the Cash Shell has been actually free to get on with the new business.
8 Weeks is a very short time, they have four months left to finalise and agree their future prospects with whoever it is they are after as an acquisition. News could come tomorrow or in four months time. But i for one am certain that news will come, and i have invested in the belief it will then be good news.
It should also be noted we still won almost 10% of Volcanic. They did the fundraise below, their share price has since gone up by nearly 30%.
Volcanic Gold Mines Inc. (the "Company") (TSX VENTURE: VG) is pleased
to report that it has closed its previously announced non-brokered
private placement financing by issuing 12.5 million units at $0.40
per unit, for proceeds of $5.0 million. Each unit consists of one
common share and one full warrant, each warrant entitling the holder
to purchase one additional common share of the Company at $0.80 for
five years from closing. The warrants are subject to an acceleration
provision such that if the closing price of the Company's shares for
10 consecutive trading days is $1.00 or greater, the Company may give
notice to the holders of the warrants that the warrants will expire
30 calendar days after receipt of such notice.
Dont forget Clarke and Fraser put in as follows:
Sovereign Mines of Africa PLC, the gold mining exploration company with gold exploration properties in the Republic of Guinea, West Africa, is pleased to announce the appointment of 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.
Are they just going to throw that away? Nah!
Good luck to all of us LTH|
|If the company delist it would defeat the object of having a listed shell company.
That's not to say that if there are no deals consummated within the time frame then the default is a delisting.
But you can be sure that is not what the management want or desire.|
|uNkwn there is still plenty of time, however it would be fair for shareholders to have some sort of update.|
|After years and years I am losing hope, I mean what is going on here, ultimately are they just going to delist? Time is ticking on.|
|Limit buy I hope. share price was all over the place that day.|
|6,000,000 trade just popped up - a sell?
03-Mar-17 16:40:06 0.40 6,000,000 £24.00k
|Yes, seems to be a bit of momentum over the last couple of days. Long awaited news hopefully.|
|Nice buying this morning|
|RNS very soon i think / hope.|
|GC and 2 other Directors hold 28.5%|
|Well you have to admit that if Clarke gets it right, and he very often does in a spectacular way, three or four thousand now could make a really decent return.|
|Somebody likes the risk vs reward :-)|
|Well you have to admit Clarke has gone from company to company making absolutely millions along the way, i think its worth giving him a bit longer, but each to his or her own. And good luck to us all.|