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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sovereign Metals Limited | SVML | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 6.41% | 41.50 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 41.50 | 41.50 | 41.50 | 39.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 22/9/2024 19:04 by c3479z MoSsummary is approx 'potential for high reward for intrepid investor who understands the risk of mining projects in 9th poorest country in the world with no mining heritage and cost of 600m dollars to bring project on-stream: presence of 20% RTZ could be significant' my fear is that titanium presently in a bit of a slump. |
Posted at 14/9/2024 17:43 by 888icb Here is the final part of a recent analysis of SVML by Charles Archer:“ Third, while SVML retains the operational competence to build the mine and is therefore itself the competitive tension with Rio Tinto, this pilot plant is very clearly the due diligence the major needs to see completed on the deposit before making an outright offer. While Sovereign may protest that this is all simply to accelerate and improve their own DFS, Rio’s version of a DFS will be in a different class to the junior, and it will want to take the reins before we get to this stage. My prediction is that Rio Tinto will make a full takeover offer within the next 12 months. I think it's worth finishing with a quote from legendary resource investor Rick Rule, in a recent interview with the company's Chief Commercial Officer: 'What you need to understand, is that ultimately, a deposit this size acquires strategic value. If it sells, it will sell at a premium to net present value because the users understand the critical importance of a deposit of this size and scale.' The net present value, before any improvements, stands at a little over $1.6 billion” If Rick Rule is right, which he usually is, SVML is at least a 5 bagger from its current price on a takeover. |
Posted at 08/7/2024 07:03 by 888icb 2 RNS to start the WeekFirstly the formal notice from RIO that following the exercise of their option last week they now hold 19.76% of SVML’s shares. Secondly the shares are now listed in the US on the OTCQX in addition to its listings in Australia and the UK. SVML already has a large US investor in Sprott and this new listing will make it easier for other US investors to join the party. |
Posted at 03/7/2024 09:54 by 888icb If we return to the original investment RNS we can see what comes next:“ Operatorship of Project and marketing) Following the Company announcing a DFS for the Project until the Investor End Date, Rio Tinto has the option (Rio Tinto Option) to be appointed as the operator of the Project on arm's length terms and subject to Rio Tinto becoming the operator of the Project, be granted the exclusive right to 40% of the annual production of all products produced from the Project as identified in the DFS for so long as Rio Tinto remains the operator of the Project. This right is subject to any approvals required by law (including any securities exchange) and/or government or other regulatory approvals.” That end date is 90 days from DFS but can be extended to 180 days at Rio’s request. My view is that Rio will not want to be the operator for someone else but that they will want to fully own and control this massive world class resource. It would seem likely that Rio would choose to make a full bid when the DFS is released or even before as they would want to get in before another large miner starts to take an interest. |
Posted at 24/6/2024 14:32 by 888icb SVML having a positive start to the week Up 5% on volume of just 106000. I imagine investors are positioning themselves for next month when RIO must decide whether to exercise their option to buy another 5% of SVML taking them to essentially 20%. RIO have been extensively involved in working on the project which has been progressing very well on all fronts. It would be extremely surprising if RIO didn’t add to their holding which will of course inject substantial further funds into the project. It will also be a massive vote of confidence in a project that will in all probability be taken over in it’s entirety by RIO before too long. |
Posted at 23/4/2024 06:51 by 888icb RNS“GRAPHITE EXPERT APPOINTED TO KASIYA DEVELOPMENT TEAM · Sovereign further strengthens owner's team through the appointment of graphite and battery anode specialist consultant Dr Surinder Ghag as Chief Technology Officer - Graphite · Dr Ghag is an expert metallurgist with 25 years of experience across critical minerals including graphite and rutile · Sovereign is poised to become the global leader in natural flake graphite production, a significant by-product of the Kasiya Rutile-Graphite Project in Malawi · Dr Ghag's appointment further bolsters the world-class Sovereign Project Development Team which is working alongside strategic investor Rio Tinto to develop Kasiya” SVML is Up 7.22% in Australia on this news |
Posted at 09/11/2023 06:53 by the count of monte_cristo Sovereign Metals presents at the Proactive One2One Investor Forum - October 12th |
Posted at 02/11/2023 08:09 by the count of monte_cristo An initial sign of Rio's intent here...but this was before the Chinese graphite news.16 October 2023 Rio Tinto also issued with 34,549,598 options to increase its shareholding by an additional 4.99% to potentially 19.99% of Sovereign within 12 months Rio Tinto's 34.5 million options have an exercise price of A$0.535 per Share, representing a 21% premium to the 45-day volume weighted average price on the ASX as at close 14th July 2023, for additional proceeds of up to $18.5 million (if all options are exercised) |
Posted at 17/7/2023 16:44 by kenwrong seagreen - you must mean Sapan Ghai? Long established in the smoke as the man to go to for mining M&A and financing deals. This deal with Rio isnt too shabby.SP Angel have also made comment too We believe Sapan Ghai, Chief Commercial Officer and Ben Stoikovich, Chairman spearheaded the negotiations with Rio Tinto from Sovereign’s London office. We expect the Kasiya rutile/ilmenite and graphite mine could turn into a ‘world-class&# Conclusion: This is a great deal for Sovereign, it gives the company the funding it needs to develop the Kasiya project at a premium to the prevailing price. It gives shareholders significant upside to increasing the scale and value of the project. It gives new investors the ability to come in and share the upside potential with the benefit of the Rio Tinto finance and expert support. It helps to accelerate the Kasiya project development and it allows potential for rival bids. |
Posted at 17/7/2023 15:13 by 74tom @seagreen, I’d guess that poster got taken to the cleaners by SO4. Investing during mine build or production start up is very dangerous, Pure Gold were another that failed at that stage. HZM seem to be going ok at present but are still very much in the danger zone.Getting in right after a major investment has given the project global credibility & right before a PFS release is ideal. Aussie investors are on the ball & there is plenty of capital for the right projects, unlike in the UK. |
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