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SVML Sovereign Metals Limited

35.00
0.00 (0.00%)
26 Jul 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% 35.00 29,997 08:00:08
Bid Price Offer Price High Price Low Price Open Price
34.00 36.00 35.00 35.00 35.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores AUD AUD -5.82M AUD -0.0124 -52.42 164.81M
Last Trade Time Trade Type Trade Size Trade Price Currency
13:39:18 O 2,752 34.70 GBX

Sovereign Metals (SVML) Latest News

Sovereign Metals (SVML) Discussions and Chat

Sovereign Metals Forums and Chat

Date Time Title Posts
25/7/202408:38SVML - quiet giant releases Scoping Study205

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Sovereign Metals (SVML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 12:39:1934.702,752954.94O
2024-07-26 11:12:5634.703,9801,381.06O
2024-07-26 09:58:1834.708,6452,999.82O
2024-07-26 09:15:5034.8514,3354,995.75O
2024-07-26 07:15:1135.0828599.98O

Sovereign Metals (SVML) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 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 35p.
Sovereign Metals currently has 470,875,023 shares in issue. The market capitalisation of Sovereign Metals is £306,068,765.
Sovereign Metals has a price to earnings ratio (PE ratio) of -52.42.
This morning SVML shares opened at 35p
Posted at 14/7/2024 01:26 by 888icb
Let’s suppose for the sake of argument that Rio were to bid $1 billion for SVML. That would be small change to a company with a market cap of 85 billion even if they were bidding for something else.
Posted at 11/7/2024 14:39 by 888icb
Further gain at SVML Up 6.67% at 39.5p on volume of 233000. As the significance of Rio exercising their option taking their holding to just under 20% sinks in this should continue to rerate. Rio have given a massive seal of approval to the project which they are heavily involved with on the ground with the management of the project. It is worth noting that because SVLM is listed in Australia the 20% level is the level at which Rio would have to make a bid for the whole company. In the UK that level is 30%. There has to be a distinct probability that Rio will bid for the whole company and that could occur at anytime from now.
Posted at 08/7/2024 08:03 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 04/7/2024 11:51 by 888icb
Another good day for SVML Up 7.89% at 38.3p and Number 11 on the Leaderboard. Yesterday the initial rise was greater than the rise in Australia but during the day it settled back in line with Australia. Today it has followed the rise in Australia which is what you would expect but is now moving to a slightly higher gain than Australia.
Posted at 03/7/2024 13:20 by akb44
I've never been able to find a clear timeline for SVML, not sure when the DFS is due for completion?In any case, it's gaining traction with Rio's increase. NPV/Market cap is currently around 6 so may give an idea of the potential upside here, not sure what RIO would pay if they decided to buy the lot.
Posted at 01/7/2024 23:25 by 888icb
Following an 8% rise in Australia SVML closed here Up 6.35% at 33.5p on volume of 56000. Interesting to note that the last trade of the day was a large part of the volume a 25000 Buy at 35p so let’s see how it opens in Australia In a couple of hours.
Posted at 26/6/2024 09:42 by 888icb
SVML take further steps to advance the project with today’s RNS:
“ NEWS RELEASE I 26 JUNE 2024

SOVEREIGN PARTNERS WITH INTERNATIONAL DEVELOPMENT ORGANISATION IN MALAWI

· Sovereign has entered into an MoU with The Palladium Group - a US-based international development entity operating in Malawi.
· Palladium implements several development projects, including the Feed the Future Malawi Growth Poles Project, which invests in local rural communities to advance sustainable, climate-smart, and inclusive wealth creation.
· Sovereign and Palladium will collaborate around Sovereign's Kasiya Project to provide key agricultural inputs, training, technologies, and financing to develop and integrate smallholder farmers into the emerging high growth agriculture value chains.
· A central pillar of the MoU and partnership is Sovereign's existing Conservation Farming Program, which aims to promote tried and tested improved small-scale agricultural practices, and the creation of community support and mentorship networks.”
Posted at 24/6/2024 15:32 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 22/6/2024 08:53 by 1hercule
Found this youtube video of Rick Rule discussing SVML with Sovereigns CCO

6 days old
Posted at 03/6/2024 14:14 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

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