Sovereign Share Discussion Threads

[skidaddle] 16/1/2018 08:27

Looks like a fall back deal.

[tommygriff] 15/1/2018 22:01

Another GC deal for the boys! Turf to table is a company that his fellow Amerisur director owns! Alex Snow, his brother is head chef!

[thelung] 15/1/2018 18:52

Indeed. Good luck to those who hold

[2magpies] 15/1/2018 18:49

Well, this is a far (very far) cry from 'there's gold in them thar hills'!!!!

[al101uk] 12/1/2018 11:28

Big7ime,

This is another Giles Clarke vehicle, so I hope your wrong.

Just had a look and they sold their assets for around £700k at the beginning of the year, that sale is reflected in the interims.

So assets were about £1 million with quite minimal cash burn. Other than that, this is just a shell. I don't know how much it costs to wrap up a company or if it's possible to find a buyer for the AIM listing, but I'd expect that the company could return up to 40% of the market cap to shareholders in the likely event that they don't find an opportunity to reverse in to in the coming days.

That would be dependent on the liquidity of shares in Volcanic Gold Mines and if they can offload them at somewhere near current market value (think they are up a bit since the transaction).

Not a holder, GC had tarnished in my view by the time he got involved here.

[big7ime] 11/1/2018 22:53

Reeks of fraud to me
Invested a lot of their money you say? What 100k?
These guys'll be taking that in salaries when they take it private, bleed the cash
Prob had no intention of doing a deal
Just a thought as it's happened elsewhere a number of times last year.
FCA are totally useless, they must all be corrupt in my cynical mind
Directors are you going to prove me wrong?

[sabre6] 01/1/2018 13:26

Anything is posible

[georgia103] 31/12/2017 16:20

I certainly hope so SabreI've invested a lot of money here They are leaving it very last minute though !!Can they reverse into Kenv ?

[sabre6] 31/12/2017 15:22

Yes I do directors have invested a lot of their money in this company and they also have their reputations to think of.
I see another of their company's share price has been suspended (KENV) may just be a coincidence the reason they gave was the final figures are not available in time.

[georgia1972] 31/12/2017 14:24

Sabre,do you think it will be good news ??

[sabre6] 29/12/2017 15:59

Not long to wait for news now.

[georgia1972] 07/12/2017 21:05

6 weeks to pull the proverbial rabbit out of the hat A very big rabbit out of a small (very) small hat I think A lot of investment gone in a massive bunny

[skidaddle] 07/12/2017 17:31

Probably not a lot of money compared to their individual net asset value.

In retrospect they were probably too quick to sell off the only asset that validated the AIM listing until they were closer to doing a deal somewhere else.

They were very gung ho on the initial deal that fell through whatever that was.

[sabre6] 07/12/2017 17:06

I would be surprised if this de-lists there are some big names here and they have put a lot of money in this share.

[2magpies] 05/12/2017 13:15

Looks like de-listing looms!

Can't see a deal being done by 20th Jan.

Unless they've had a contingency plan up their sleeves.

[sabre6] 03/12/2017 11:54

13th December sounds good to me

[flavio_monteiro] 13/11/2017 07:48

I hope so sabre6....Exciting time ahead

[sabre6] 12/11/2017 12:41

Looks like a nice Christmas present courtesy of this lot for LT shareholders.

[tommygriff] 11/11/2017 17:38

David ore is giles pal from the Bristol merchant venturers!

[flavio_monteiro] 11/11/2017 01:15

In the last RNS it was stated by Giles Clark that Rupert was supporting the new company through his shareholding. In October we had a RNS stating that Taracka were holding 3%. ...all whilst the share has been suspended!

It's great and exciting having these big hitters like Clark, Sparrow and Ore as shareholders.....exciting times ahead.

SIr David Ore donated £1 Million to the Conservative Party....extremely wealthy individual....

What excites Sir David Ore about SMA....we will shortly find out. 😊

[2magpies] 10/11/2017 21:51

Is this him?



Port of Bristol: could it be.... a listing via SMA?

Intriguing

[flavio_monteiro] 10/11/2017 20:09

One of the richest man in the country Sir David Ore has just purchased almost 10% of SMA.....interesting with the shares been suspended for such a long time. Exciting times ahead.....

[skidaddle] 10/11/2017 08:35

Sounds good.

They are hardly going to change brokers if there is not going to be anything to broker.