Sovereign Share Discussion Threads

[charles clore] 28/9/2016 14:38

It seems the 'scalp a small profit today rather than wait for the big prize tomorrow' brigade is out in force today.

[soulsauce] 27/9/2016 21:21

Cheers barney.

cyberhub I am not sure, squiresquire might be able to answer that. However even if we only get several hundred 'k' that is more than they are booked currently and it is a dead asset off the book to be hopefully replaced by something better. However I would expect it to be more than that.

Very exciting times and judging by the statement it seems mgt are excited too and they have the right team to take this company forward in leaps and bounds.

[cyberbub] 27/9/2016 20:39

What were the Guinea assets previously valued at when gold was at around these levels 3 years ago?

[barneygumble27] 27/9/2016 16:50

So that reads that they are selling the Guinean assetsSovereign may shortly be moving on from GuineaThe company's Guinean assets are now carried on the books at nil value, and have both been the subject of interest from what Sovereign called "potential parties."

[soulsauce] 27/9/2016 15:17

Thanks for that barney. Building nicely in to the close now.

[soulsauce] 27/9/2016 14:50

Think it was actually nickel sabre, went up on a massive bubble and came down just as quick. I would be happy for it to happen here though.

Be very interesting to see what they have planned for the existing assets and what may come. Sounds like they have taken on a lot of advice, notwithstanding that from Jeremy.

Agree with barney some selling too early but never hurts to top slice and leave some for the next man of which there will be a lot here.

[sabre6] 27/9/2016 14:40

Thanks for that

[cyberbub] 27/9/2016 14:18

Poseidon I think you'll find ;-)

[sabre6] 27/9/2016 14:17

This reminds me of a Australian gold share back in the 70`s called Psion that started off at under 1p then began to come on the radar and rose to £1 then £10 and began to hit the headlines all over the developed world finally climbing t0 £95.00.
If only

[georgia1972] 27/9/2016 13:55

Not me barney I'm in it long term Just a observation

[barneygumble27] 27/9/2016 13:40

Then you better get back in while there cheap

[georgia1972] 27/9/2016 13:08

We are all here to make money !!People are selling high ! banking profits and hope to get back in lower A dodgy game but worthwhile if you get it right

[barneygumble27] 27/9/2016 12:18

People are selling too early in my view the news is top notch, the share price should pick up the next couple of weeks

[flyingc] 27/9/2016 08:43

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

[soulsauce] 27/9/2016 08:34

Yes FlyingC reading between the lines I think we have some very exciting news being lined up.

[flyingc] 27/9/2016 08:27

soulsauce (2532)

Yes - happy with that. Sounds like there is plenty more news in the pipeline shortly.

I especially like the part that the Guinean assets are carried in the books at nil value. Very refreshing approach in a market where any old rubbish is inflated to absurd valuations to then be used as collateral / security.

I do like their understated style - it should pay handsomely in the medium term.

GLA

FC

[soulsauce] 27/9/2016 08:15

News sinking in, excellent volume and some weak hands cashing in.

[soulsauce] 27/9/2016 07:39

Flying C & CC hope you are happy.

Great reading this:-

Post period end, we were delighted to announce the appointment of Jeremy Sparrow to the Board as a Non-executive Director. Jeremy brings over 25 years of investment experience to the Company and was most recently Head of Investec Resource Investment Banking for Asia and Australia. We are confident his deep sector knowledge and expertise will augment the board's existing skills and add significant value ahead of our next stage of growth and as we implement the new strategy.

Following careful investigations, and having taken considerable specialist professional advice, the Board has reached detailed positions and is in advanced discussions with potential parties on both our Guinean interests, currently carried in the books at nil value, and on a potential new acquisition in the mining industry. I hope to provide updates shortly.

[barneygumble27] 27/9/2016 07:37

Fantastic news0.67 are buys not sells

[soulsauce] 27/9/2016 07:26

Building nicely, just wait until the plans come out and the sale or revaluing of the Guinea assets. 1p+ easily.

[soulsauce] 27/9/2016 07:15

Currently can't buy 100k