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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sovereign Mne | LSE:SMA | London | Ordinary Share | GB00B3P3XP06 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.255 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.23 | 0.28 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.255 | GBX |
Sovereign (SMA) Share Charts1 Year Sovereign Chart |
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1 Month Sovereign Chart |
Intraday Sovereign Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 26/6/2018 | 11:26 | Sovereign Mines of Africa - Major Gold deposits in West Africa | 3,059 |
| 21/10/2015 | 09:03 | SOVEREIGN MINES OF AFRICA PLC | 57 |
| 23/1/2012 | 14:30 | Sovereign Mines of Africa : Partnering with African Governments | 19 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 08/6/2018 09:23 by varrirob Link from the LSE thread. Looks like things are starting to gain momentum.hxxp://www.sovmines. |
Posted at 07/3/2018 13:18 by squiresquire I just had an ordinary share certificate sent through to me, i use brokers in nomine accounts so i guess this is a regulated transfer as the company has delisted, anyone agree? |
Posted at 31/12/2017 15:22 by sabre6 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. |
Posted at 02/10/2017 07:01 by tippow With Copper set to explode i have Put together some info on #GEO which is well worth researching over the weekend. GEO has £4.5m in cash (enough to take them to production) and BOD have bought £100k's of shares in the open market previously so they are aligned with share holders."Our twin objectives for 2017 are to report a 3 to 5 Mt copper and gold resource and to commence low cost production to be processed at our JV partner's neighbouring operations. We are on course to meet both objectives..." GEO are looking at proving up 50mt and it looks like that may well be blown out of the water as the resource looks much bigger then originally thought. 50mT at 1% gives 500,000 tonnes of copper. Copper at $3/lb = $6.62/kg=$6,620/tonn 6,620x500,000= $3.31 billion 50% ownership so that become $1.655 billion $=0.75£ $1.655billlion=&poun Lets assume a modest 50% recovery and a 25% profit margin. 1.24x0.5x0.25=£ Even with my ludicrously conservative assumptions and excluding the gold cap, this company is sitting on an asset at 5 x the current share price and production is likely to commenceg in the coming months. John Meyer,twice winner of the UK Smaller Mining Analyst of the Year. He picks Georgian as his top copper pick and describes GEO as "the next SOLG" SOLG market cap is £500m!! John Meyer, analyst at share price Angel, looks at his picks including Glencore, Rio Tinto, Georgian Mining and SolGold. 4.45mins in hxxps://www.ig.com/u Also previous videos on GEO worth watching hxxps://audioboom.co hxxps://audioboom.co hxxps://player.fm/se hxxps://audioboom.co … … … … … … … This is what is being indicated by the BOD. "Although work to date has focused on three zones as separate areas, recent results suggest that they coalesce to form a large epithermal copper-gold system" Now that would be HUGE!!! "A large epithermal copper-gold system" GEO with its vast resources,no capex outlay for a mine,plenty of cash in hand Leading to a more or less debt free flying start to a rolling income equating to a minimum price target of 60pps+ based on available information with a million ton throughput for copper followed almost at the same time by gold? Is 60pps too conservative in view of the increasing copper and gold prices? we are awaiting in a strong news rich transformational period for the company and await results of the 28 assay results, JV production agreement, production starting date. The project is derisked now. It is going to be mined and no capex needed!! Remember the company have previously described their find as a "world class discovery" John Meyer also said in one of these interviews that " this will be in hundreds of millions if not more" Multibagger in the making here and all very close All thoughts are mine and helped by others posters snipets. |
Posted at 26/10/2016 12:38 by squiresquire A few thoughts of mine, maybe correct maybe not, do your own research.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. So now we need to look at what SMA is actually connected to. Well if you read back into SMAs history you will find this from an RNS : David Pearl, Chairman of SMA, said: "We have been engaged in intensive and protracted negotiations with a substantial mining company. It is therefore very disappointing that no agreement has been signed and I would like to apologise to shareholders for the uncertainty that this has caused." Immediately then Pearl went on to say: Future funding requirements At the time of the release of the Company's interim results on 28 September 2015 the Board received a firm commitment from one of its directors to underwrite a limited capital raise, as well as indications of support from certain shareholders. This commitment and indications of support were made at a pricing level below the closing mid-market price of 0.175 pence on 28 September 2015, and significantly below the current market price. A capital raise is expected to take place shortly, and in any event before 31 December 2015. However, shareholders should be aware that without a refinancing in the immediate term, the Company will not be able to continue in operation. This is the point when GC and JS have made their move along with NS. Very clear in all this is that our main movers of today understood the companies position at that time and despite it being ' disappointing that no agreement has been signed ' they then put their first money into SMA. At that point they secured control, got rid of Pearl and started to plan for the future of SMA. They did mention Mandiana in the main RNSs, they said it had some estimated 610,000 oz from drill samples in just 7% of a measured strike. This led to an assumption of the possibility of some 6 million ounces if the rest of the line averaged out the same. However, there is very substantial additional information not mentioned. The RNS stated; ' SMA announced a maiden inferred JORC gold resource of 610,000 ounces of gold at an average grade of 1.2 g/t based on only 15,500 metres of drilling and covering only seven percent of the mineralized strike. , They also said by RNS: We always recognised the potential of Mandiana and the real opportunity to discover a multi-million ounce resource. A team from a major international gold mining group who visited the site in June this year were of the opinion that Mandiana has the potential for a Tier 2 gold mine supporting annual production in the range between 200,000 ounces and 500,000 ounces of gold." Enter the Ebola dynamic. I cannot go further now, time is pressing, but the story here is a small, very small, part of the actual picture that i see. The news will now start to flow. |
Posted at 23/10/2016 13:58 by effiert saintpeter7Posts: 191 Answer Opinion: Buy Price: 0.77 RE: Just guessingFri 18:54Hi Animal - I have just bought into SMA both because of the potential of the new venture the company have said they will be acquiring and the positive chart. If you look back to October 2015, the share price spiked at 1.75p and there is a resistance level of 1p from early November. My chart indicates the potential for a 1.3p to 1.4p share price in the next 6 weeks and taking into account the small free float of 38.1% and what tends to happen with such companies with new ventures, I am hopeful we will reach that figure. If the update is good and comes at the right time we could have the share price shoot straight through the 1p resistance level and onwards to 1.35p before consolidation. Charts do help to indicate what may happen, but they have to be backed up by the company's prospects and they certainly look exciting. |
Posted at 07/10/2016 06:59 by effiert Reminder of why SMA share price is rerating[...] http ://www.morningstar.c |
Posted at 05/10/2016 11:17 by squiresquire This is just to update on how things may be going.In the last statement Giles Clarke gave mention to the 'nil value' for SMA currently shown on the books. However, the historic importance of Mandiana is best shown perhaps by the quite extraordinary number of ' Artisnal Pits '. There are no less than 9,000 of them. Each pit has been dug by local people over the decades to get a piece of gold they may then sell locally. Around the world there are many 'strike' areas, and the locals have known about most of them for years. The 9,000 dug around Maniana is truly exceptional in that for decades people have repeatedly shown up to dig and wash out a few ton of rubble they have dug from each pit. They dont keep on returning if there is no gold. I suspect that we are about to see in the news announcement which will see the reverse takeover, value put to SMAs gold leases. The test results last done gave some 610,000 ounces from just 7 percent of the area to be tested. This inferred some figure in excess of 6 million ounces. But also as above it can be seen that at the time the company felt deeper drilling would come up with even better results.Enter Ebola and the company was all but shut down. Now its a different story and i think its well likely G.C. is gong to get a decent price for the leases, as well as a very good result with the reverse takeover as his long track record of doing shows him capable of. Very interesting times and according to G.C. not long to wait, not long at all. I for one am not at all surprised at the rising share price as it gets ever closer to the RNS that is going to put all this in perspective. 30 September 2014 Sovereign Mines of Africa PLC ("SMA" or "the Company") Assay of final batch of results from Phase III drilling at Mandiana Sovereign Mines of Africa PLC (AIM:SMA), a gold mining exploration Company with properties in the Republic of Guinea in West Africa, is pleased to announce the assay results of eight Reverse Circulation (RC) drill holes from the Mandiana gold project in the Republic of Guinea. In the Yagbelen Zone, one drill hole, RCY_93_3, intersected a high-grade quartz-vein cutting an interval of four metres averaging 18g/t gold from 87 metres and a second hole, RCY_95_3, cut a broad zone of 27 metres averaging 1.46g/t gold from 43 metres. John Barry, SMA's Director of Exploration, commented: "These very encouraging results confirm the impressive grade of high-grade shoots within a broader extensively mineralized envelope. The deep weathering and oxidization to depths of up to 120 metres supports the potential for a low-cost, open-pit bulk mineable resource at the Yagbelen Zone. What is new, is that the potential for a high-grade underground operation should now also be given very serious consideration." "We always recognised the potential of Mandiana and the real opportunity to discover a multi-million ounce resource. A team from a major international gold mining group who visited the site in June this year were of the opinion that Mandiana has the potential for a Tier 2 gold mine supporting annual production in the range between 200,000 ounces and 500,000 ounces of gold." In October last year SMA announced a maiden inferred JORC gold resource of 610,000 ounces of gold at an average grade of 1.2 g/t based on only 15,500 metres of drilling and covering only seven percent of the mineralized strike. This relatively early stage milestone compares very favourably with other more advanced gold projects in the region such as Avocet Mining PLC's (AIM:AVM) Yaoure gold project in the Ivory Coast and TrueGold Mining Inc.'s (TSX-V:TGM) Karma gold project in Burkina Faso, when they were at a similar stage of evaluation. With the acquisition of the Mandiana South Concession last November SMA has no less than seven major artisanal areas, which have never ben drill-tested ( |
Posted at 21/9/2016 09:05 by flyingc Mind if I join you all briefly ?I normally post elsewhere on ADVFN but I've taken a small position in SMA as it strikes me there is a lot of untapped potential here, results are due and the focus of the market seems to be on more fashionable stocks being touted furiously. SMA on the other hand seem to have gone under the radar after ebola and their personnel changes, but the gold is obviously there and I like the government stake in the company. Quite innovative that I thought. I'm not sure I'll be in for ever and a day like some of my investments, but I just have the feeling something is on the way for SMA, and the appointment of Jeremy Sparrow would tend to suggest we should expect developments soon (he's been in post for a couple of months now - time for him to start earning his keep I should think...) I like the low market cap too - doesn't take much of a gold find to send the share price through the roof. Any positives I'm missing as we wait for the results and the next update ? Anyway, that's my 2p worth (which coincidentally would be a fair share price IMVHO). Happy to hear what others make of SMA and why. GLA FC |
Posted at 22/7/2016 08:50 by squiresquire If you look back just 7 months ago you can see the share price at about the 1.5-1.7 levels. Then they were simply in discussions about financing the Mandiana, nothing else. They have a lot more to offer than Mandiana and i personally feel Clarke has seen potential in something hitherto unnoticed.If you look at the way he went into IRON, inititally to mine just Iron Ore, but once he had it all financed he then said they had High Purity Iron ( far more valuable ) and also Vanadium and Titaniuum to boot. They are now starting up the smelting etc which takes time but basically he sees far more than the average person hence his ability to make the millions he does. From the time talks were previously announced for SMA the share price was over our current level, and up to 1.7.....if we get the reverse takeover then the share price in my opinion will be over 3p. Clarke, Fraser and our new guy on the package he is on, are clearly a team far far above the previous management SMA had. These guys are after a really good share price, and as i say i expect it to start from 3p as soon as they complete the RTO. Then the fireworks will really start when they tell us what it is they have up their sleeve. |
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