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SVML Sovereign Metals Limited

39.50
0.00 (0.00%)
11 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sovereign Metals Limited LSE:SVML London Ordinary Share AU000000SVM6 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 39.50 1,781 07:46:04
Bid Price Offer Price High Price Low Price Open Price
39.00 40.00 39.50 39.50 39.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores AUD AUD -18.6M AUD -0.0395 -20.25 186M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:08:17 O 62 40.00 GBX

Sovereign Metals (SVML) Latest News

Sovereign Metals (SVML) Discussions and Chat

Sovereign Metals Forums and Chat

Date Time Title Posts
09/12/202418:44SVML - quiet giant releases Scoping Study239

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Sovereign Metals (SVML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-12-11 15:08:1840.006224.80O
2024-12-11 14:49:5740.0012550.00O
2024-12-11 10:01:0840.002510.00O
2024-12-11 09:56:2839.221,357532.22O
2024-12-11 09:13:5240.0021284.80O

Sovereign Metals (SVML) Top Chat Posts

Top Posts
Posted at 11/12/2024 08:20 by Sovereign Metals Daily Update
Sovereign Metals Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker SVML. The last closing price for Sovereign Metals was 39.50p.
Sovereign Metals currently has 470,875,023 shares in issue. The market capitalisation of Sovereign Metals is £376,700,018.
Sovereign Metals has a price to earnings ratio (PE ratio) of -20.25.
This morning SVML shares opened at 39.50p
Posted at 22/11/2024 09:25 by 888icb
Up 5.84% in Australia and rising again here after yesterday’s strong performance. The share is making new all time highs on a regular basis as the project is fully validated by the pilot mine. Rio must be close to having the information they need (or already have it) to make a full bid before another major decides to have a go at securing this largest in the world Tier 1 deposit. In the meantime I am very happy to see the strong rise in the share price continue as this may well trigger the bid. We know Rio is very keen on this project and having gone to 19.9% they cannot buy any more without making a full bid.
Posted at 21/11/2024 08:46 by 888icb
Another very positive RNS takes SVML Up 6.4% to a new high of 41.5p. This company continues to tick off its milestones on time and on budget.
Posted at 30/10/2024 06:15 by mart12345
Currently up circa 12% in Australia, sterling equivalent price of 40p. Should be a nice day!
Posted at 24/9/2024 06:23 by mart12345
A lot of very 'heavy hitters' attendees at the meeting that SVML participated in, including RIO CEO. That must have opened a few eyes widely on SVML's potential.
Posted at 23/9/2024 15:32 by 888icb
Thank you for that detailed information.
I just listened to a podcast where Rick Rule is asked questions about various companies. A question was asked about SVML and Rick is a shareholder. The important take away for me is that it seems highly likely RIO who already have 19.9% will take it out sooner rather than latter. In that scenario the negatives about start up costs and cost overruns won’t be a problem for current shareholders. Indeed mining problems are very much reduced as they have already built a pilot mine which is producing to test the whole process.
Posted at 23/9/2024 09:26 by 888icb
The MoS headline to the article suggests a more upbeat view than your summary. I don’t subscribe to the Daily Mail so I can’t see the article and wondered if you or some one else could post the part relating to SVML:
“ MIDAS SHARE TIPS: Give your portfolio a power boost with mineral miner Sovereign Metals”
The price action this morning suggests it was well received as SVML is Up 12.31% on volume of 300000 and Number 5 on the Leaderboard.
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 10/9/2024 19:58 by 888icb
The company have said they are not aware of any reason for the fall so this should presumably correct when the Australian market opens. The outlook for SVML is extremely positive particularly after its recent RNS regarding the successful pilot plant producing high quality product. It seems highly likely that Rio could make a bid for the whole company at anytime before they get rival bids from other majors such as Glencore.
Posted at 08/7/2024 07:03 by 888icb
2 RNS to start the Week
Firstly 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 03/6/2024 13:14 by mart12345
Price increasing nicely, hopefully means Rio will be even more likely to take up their extra circa 4.99% by mid July date at circa 29p option price, but rising share price will also hopefully mean that Rio will make full bid sooner rather than later (or other interested company, but i think rio then have first refusal). The longer they wait with any potential full bid, the more expensive svml might be for them , especially at this rate!
Sovereign Metals share price data is direct from the London Stock Exchange

Sovereign Metals Frequently Asked Questions (FAQ)

What is the current Sovereign Metals share price?
The current share price of Sovereign Metals is 39.5p.
How many Sovereign Metals shares are in issue?
Sovereign Metals has 470,875,023 shares in issue.
What is the market cap of Sovereign Metals?
The market capitalisation of Sovereign Metals is GBP 186.00 M.
What is the 1 year trading range for Sovereign Metals share price?
Sovereign Metals has traded in the range of 21.50p to 42.50p during the past year.
What is the PE ratio of Sovereign Metals?
The price to earnings ratio of Sovereign Metals is -20.25.
What is the reporting currency for Sovereign Metals?
Sovereign Metals reports financial results in AUD.
What is the latest annual profit for Sovereign Metals?
The latest annual profit of Sovereign Metals is AUD -18.6M.
What is the registered address of Sovereign Metals?
The registered address for Sovereign Metals is LEVEL 9, 28 THE ESPLANADE, PERTH, WESTERN AUSTRALIA, 6000.
What is the Sovereign Metals website address?
The website address for Sovereign Metals is www.sovereignmetals.com.au.
Which industry sector does Sovereign Metals operate in?
Sovereign Metals operates in the GOLD ORES sector.

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