Sovereign Share Discussion Threads

[westmoreland lad] 21/2/2017 22:05

I'm not. G Clarke perhaps not in a too comfortable situation today / tonight dyor.

The days of pulling fat rabbits out of hats ends at some stage, or age .

[2magpies] 21/2/2017 20:55

squiresquire

surprised to see you removed the posts!

[2magpies] 21/2/2017 09:27

" squiresquire
16 Feb '17 - 17:55 - 2896 of 2901 0 0
SS

AAHi, hope all going well, looks like news before too long. Ime really looking forward to it, Clarke has a habit of pulling nice fat rabbits out of dusty old hats."

squiresquire: would you mind giving some example(s) of rabbit(s) he has pulled out?

(doesn't have to be a fat one!!)

TIA

[skidaddle] 17/2/2017 10:37

Just the 2m. I rounded it a bit.

[soulsauce] 17/2/2017 10:26

2m+ shares Skidaddle, I am sure you will do very well.

[skidaddle] 17/2/2017 10:21

Well it appears that I own a quarter percent of the company now.

Does that mean I can use the company wash room? When do they serve tea and biscuits?

[soulsauce] 17/2/2017 09:30

Hi SS hope you are well.

I am not in at the moment but keep thinking of buying back in just for that very reason. However buying back in to stocks after I have made decent profits elsewhere usually results in me giving up some of those gains so I am on the fence.

[squiresquire] 16/2/2017 17:55

SS

AAHi, hope all going well, looks like news before too long. Ime really looking forward to it, Clarke has a habit of pulling nice fat rabbits out of dusty old hats.

[soulsauce] 16/2/2017 16:17

uNkwn delisting in a few months? ASFAIK they have another 4.5months to secure any RTO.

[squiresquire] 16/2/2017 16:08

Actually one of the smartest deal makers on AIM is currently working with his team to bring about an RTO.

Sorry if that isnt what you wanted to hear, but its true.

[varrirob] 15/2/2017 12:09

Agreed, I look in there daily to see what opinions are being passed. Problem is the longer time passes without any updates the twitchier investors get. It can't be much longer before we get some kind of news.

[okuta] 15/2/2017 11:43

worth having a shufty on the SMA LSE BB as that one is quite active .

[okuta] 15/2/2017 11:39

Guys,have a bugle in , we're blue , goodo

[squiresquire] 08/2/2017 11:29

All looking very nice for us hopefully they have got something juicy, with the team they have it jolly well should be.

[thelung] 08/2/2017 11:19

CAF just struck a good deal, albeit not an RTO

[thelung] 07/2/2017 07:51

And the 2,502,489 common shares held in Volcanic will be sold at such time that maximises SMA shareholder value - CAD375k is now CAD1.5m / £921k

[flavio_monteiro] 07/2/2017 05:12

Giles C and Jeremy obviously believe their plans of a RTO offers better value and returns than mandiana. Exciting....awaiting

[thelung] 07/2/2017 00:27

Volcanic have just done a placing for CAD5m to advance mandiana and are presenting at indaba tomorrow. Their share price is 4x the value from the date of their placing to acquire mandiana.

[113mike] 02/2/2017 14:58

Nice tick up! Whats occuring?

[squiresquire] 02/2/2017 11:56

Here we go, news on its way?

A few thoughts o the progress here so far.

These are our main movers in Sovereign Mines of Africa.



Giles Clarke began his career as an investment banker with Credit Suisse First Boston. In 1981 he bought from receivership the assets of what was to become Majestic Wine, where, as chairman, he built it into a UK national chain. From August 1987 to May 1988, Clarke was chairman of Majestic Wine Corporation Inc, a United States company which owned a chain of 104 stores trading as Liquor Barn in California and Arizona. Following disposal of the US based businesses, he sold the UK plc business of Majestic Wines for £15 million in 1989.

In 1990, Clarke founded Pet City, where, as CEO, he built it into a chain of 94 stores (also dressing up at Xmas in the Swindon Store). After making the business public in 1995, he sold the business for £150 million in 1996 to US based PetsMart. In 1998, Clarke founded Safestore, building it into the UK's third largest self storage company, selling it to Bridgepoint Capital for £44million in August 2003. In 1999 Mr Clarke became CEO of Stepstone, an online career portal. Since he came on board, the company has raised NKr1.8bn ($197m) from the IPO in 2000 and grew from four countries and 200 employees to a staff of 1,385 in 18 countries.

Clarke then became Chairman of the Cricket Board, got his CBE and also the following:

2002–2007 As a National Council member of the Learning and Skills Council, the largest quango in the UK with a budget of £10 billion, responsible for all UK adult learning and a member of the Adult Learning Committee, a statutory body set up by the UK Parliament.
Clarke was Deputy Chair of the EU Task Force on Skills and Mobility and presented its report to the Barcelona Summit in 2002.
Deputy Chairman of the Bristol Old Vic theatre until 2007.
Patron of Changing Faces, the UK national charity supporting and representing people with disfigurement.
Master of the Society of Merchant Venturers, Bristol (2011)


Jeremy Sparrow was bought in by Clarke to SMA and along with Clarke invested as follows:

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.

Nathan Steinberg was an existing director.

Mr. Jeremy Sparrow was a Managing Director at Investec and ran the Asian (including Australian) resource investment banking businesses. A highly distinguished investment and financing professional, Mr. Sparrow 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.

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.

Notice Jeremy Sparrows interest in Hong Kong.

Now, today, we learn we have a CEO, his background is also Hong Kong as follows:

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.

At this stage its clear Clarke has something up his sleeve and has deliberately bought in people with very substantial connections / careers in Hong Kong / Asia.

[thelung] 30/1/2017 23:20

Hahaha! Who are you again?