Sovereign Share Discussion Threads

[effiert] 06/10/2016 13:42

Buy the dips imo. So often goes to n/t with s sharp rise north.

[miahkaysor] 06/10/2016 12:26

profit into MAGP

[squiresquire] 06/10/2016 12:26

No harm in that

[mr roper] 06/10/2016 12:23

agreed, squire. Just wishful thinking on my part..

[squiresquire] 06/10/2016 12:20

roper

Very unlikely to get 10 million, but even a million from a nil value on the balance sheet would be really good for setting them up on the reverse takeover aspect

[effiert] 06/10/2016 12:17

Hardly any selling., someone seems to still be loading in chunks.

Can see this trading above 1p this week prior to news

[mr roper] 06/10/2016 12:11

if they sell those licenses for 10m quid+ it would set the cat amongst the pigeons..

[soulsauce] 06/10/2016 12:08

We are at the level now pre news where that news, depending on what it is (although we know given recent announcements it is going to be good) cold easily see us open above 1.3p and no chance of getting shares below 1.5p.

[phil1969] 06/10/2016 11:45

7 digit buys showing up from an hour ago.

[mr roper] 06/10/2016 11:19

3-4p would be great. Excellent BOD here. Very capable management

[squiresquire] 06/10/2016 11:17

20 million market cap at 3p is a dead cheap valuation of market cap if Giles Clarke does a fraction of what it is he has done in the past with Majestic Wines etc, his CV is truly impressive.

[soulsauce] 06/10/2016 11:14

A few sells on the way up but getting gobbled up nicely. Very good volume.

[effiert] 06/10/2016 11:11

3p= £21M CAP. very achievable when you look at the valuations out there of other resource companies. SOLG £145M!

[effiert] 06/10/2016 11:07

3-4p levels possible here over the next few days/weeks.

Still only £7m market cap.

[soulsauce] 06/10/2016 11:04

Because news that is due has the potential to re value this much higher.

[113mike] 06/10/2016 11:02

Why is this going up?

[soulsauce] 06/10/2016 10:40

Wow looking good looks like news is leaking out ;-)

[effiert] 06/10/2016 10:30

hardly any posts on the threads or tweets on twitter which bodes well. Means no hot money in this right now. wait till the hard arrive.

[effiert] 06/10/2016 10:27

cannot buy anything online. I think Squire is right a fair few insiders know whats coming here.

[squiresquire] 06/10/2016 09:51

Looking back to October 2014 charts, we are now on a breakout point from then, and when it goes it will rocket if news good, which it should be.

[squiresquire] 06/10/2016 09:19

News gets around in the city before we get it and for sure Giles Clarke is well known in the city as is Jeremy Sparrow and Rupert Fraser.

I still think the nil rating on the balance sheet is going to be sold off for a really hefty sum,

SMA has financed and managed the building of a preliminary JORC-compliant inferred maiden gold resource of 610,000 ounces of gold at its flagship Manadiana gold project where a relatively small amount of drilling consisting of only 16,880 metres has tested only 10 per cent of the potential strike gold project of the gold mineralising system. SMA also has two other compelling early-stage gold exploration projects in guinea called Dalagna and Marela.

From recent results;


Since our appointment to the Board in December 2015, Rupert Fraser and I have been conducting a strategic review of the company's assets and activities with a view to enhancing shareholder value. We look forward to setting out our vision and strategy for the businesses in the near future. As previously stated our plans for the business may well involve the pursuit of an acquisition which would trigger a reverse takeover under the AIM Rules.

Following SMA's successful fundraise at the end of 2015, in which both Rupert and I invested in to provide additional funding to the Company, it had cash resources of approximately GBP452,000 at 30 June 2016. The Company reports a net loss of GBP43,795 for the six-month period ended 30 June 2016, compared to a loss of GBP41,351 for the corresponding period in 2015.

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.

[soulsauce] 06/10/2016 09:07

Moving up nicely again ;-)

4p would be great Flavio but I think 2p would be more of a possibility.

[flavio_monteiro] 06/10/2016 08:16

If it does reach 4p....and with Jeremy Sparrow on board it could...I will be able to retire..lol

[effiert] 06/10/2016 08:06

Tks flavio just did that. Lets hope i get 4p ;-)

[flavio_monteiro] 06/10/2016 08:00

Put a sky high sell price on your SMA shares...say 4p.

When punters are buying....demand cycle, MM sell SHORT,,, ie sell stock high that they don't HAVE! They then borrow from YOUR broker YOUR shares in YOUR NOMINEE account for a small fee to deliver to their clients. When demand tapers off, MM move prices sharply down to scare weak holders or traders to sell, returning your stock to YOUR NOMINEES...giving YOUR BROKER a commision and making a nice profit for themself!