Sovereign Share Discussion Threads

[soulsauce] 18/10/2016 15:20

Plethora of late buys coming in ;-)

[soulsauce] 18/10/2016 12:39

Nice 1.4m there, not sure whether buy or sell but in the price now. Some great buying today.

[soulsauce] 18/10/2016 11:11

Great reminder thanks squiresquire.

[squiresquire] 18/10/2016 10:31

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.

[charles clore] 18/10/2016 10:23

A nice position to be in here I must say

[squiresquire] 18/10/2016 10:05

News in the offing folks. Somebody knows something.

[mr roper] 18/10/2016 10:04

get your motor runnin....

[effiert] 18/10/2016 09:55

Free float must be well down.. I hold just over 7m shares and have no interest in selling below 2p

[mr roper] 18/10/2016 09:47

agree, SS. Certainly moves quick and the free float must definitely pay a big part in that.

[effiert] 18/10/2016 09:36

2-3p within the next few weeks entirety possible.. Who knows could go higher on the right deal

[flavio_monteiro] 18/10/2016 09:06

500 Million of the shares are held by new Directors out of the 860 Million in issue, + David Pearl and a few others hold a chunk of the 300 Million - free float about 120 million.

[soulsauce] 18/10/2016 08:59

Cheers Flavio.

Mr Roper yes I would like to see the asset sale prior to a RTO or investment in a new project.

I feel 1.2 - 1.5p is easily achievable and depending on the news could well go above 1.5 - 2p and more.

Volume isn't big but the movement is, like Flavio suggests it is tightly held.

[flavio_monteiro] 18/10/2016 08:51

Free Float very small...Hold on to your shares. DYOR

[mr roper] 18/10/2016 08:48

when it moves, it moves quick alright..

[charles clore] 18/10/2016 08:47

Looking very lively this morning!

[mr roper] 18/10/2016 08:41

indeed, ss. can't be long now. Hoping for a license sale before rto. What are your thoughts 1.5-2p achievable short term?

[soulsauce] 18/10/2016 08:13

Consolidated nicely around 0.6p and now starting to build again. I keep looking back at the last RNS and salivating at what might be. Can't be long now.

[soulsauce] 14/10/2016 15:15

Exactly Blueboy.
As squiresquire has been saying the mgt here is top quality and that was before Jeremy joined the team with all his experience and contacts.
I am sure these will re-rate on the news and we all know how quickly it can run.

[blueboy311] 14/10/2016 14:54

My 250k buy also has shown up as a sell but seeing as they were 0.93p to buy only just over week ago 0.63 does seem a bargain. It's just a question of keeping the faith as nothing has changed since the last announcement.

[soulsauce] 14/10/2016 14:23

Just had a cheeky top up 319250 showing as a sell.

[unkwn] 14/10/2016 10:32

Looks disappointing to me considering the recent action, figures.
Back to into a loss like the last three years have been.

[sabre6] 14/10/2016 08:22

Looks like the selling/profit taking has stopped and the next lot of buying has began

[varrirob] 12/10/2016 15:10

Thanks squiresquire

[soulsauce] 12/10/2016 13:48

Sound post squiresquire.

[squiresquire] 12/10/2016 13:45

Varri

The fact is some peeeps trade online, they trade on margin at 20 or 15 or ten day. However some get a bit carried away and start to trade on 7 or 5, even two day. Thats OK with BARC. Not with anything less than a huge liquid share.

So up and sown we go, but the chart says mostly up, in fact a lot up.

And we will get news.

And the news will come in from one of the cities most well known characters who has one heck of a track record for success, along with his equally experienced partner and now our very experienced financial fixer at top company funding levels.

Patience is the real winner if you want to make a decent return, having said that, i do feel news will be along very soon.