Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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DVH,
I see your point, I agree, they probably don't. Its up to CB to prove them wrong I suppose. From what I hear through the BAG notes everything is still on track, finance is being discussed with various parties in the background, but, until these licence applications go in then we are in limbo!! Mankayan again!!! I hear what you say on this, but, we are not privvy to what is going on there as it is not a listed entity and we will only find out anything once IDM inform us of any events that require market notification, ie ASX listing?
I see you're on a rant over at SML, re JP et al lol, I held these a long while back, bought in at current levels only to see it shoot up at one stage then back down, got out with a small profit, that was around 3 years ago I think.. I was always enthusiastic about SML, good prospects and in safe haven's, Cornwall!!!, but even after getting Magnetite sales up and running and profitable for a while the sp has been in the doldrums awaiting some kind of spark!!!
Even after some good news this week their sp has tanked today, so there you are, best to look away for now and come back once things settle down. Those of us that have been invested particularly in AIM stocks have seen these up's and downs umpteen times, you just have to hold firm and do not sell at big losses, you will regret it.
Mr T
well there you go
will we hit sub 0.1 this week? possibly.
Is this Colin Birds last announcement before his annual luxury summer break?
MrT, the 'market' clearly doesn't believe that CB can bring 2 of our projects into production next year (CMRS now sub 8p!) and where we will get the finance from to make it happen. Very quiet on the Mankayan front too
As you say, small cap miners really struggling atm (managed to sell a few on the SML spike yesterday and kefi had some decent news today, so not all bad news!)
DVH
Usually a bed and ISA have differing figures ie you always lose out when doing that transfer by the bid and ask differential, from what I recall those two trades were identical in how they were reported?
Anyway back to normal today I see, piddly trades but 8% down ouch!!!
Some hefty drops in many stocks today on my watching brief lot of them metals stocks?
Out of favour?
Mr T
Possibly a bed and isa? There is no way 2 trades of that size would leave the SP unchanged imo
Similar happened last week too. Very frustrating.
Yes two largish buys gone through, now in my book if they had been sells this would have been 10% down!!!
2 10.5M buys go through and not a flicker??
Nurse?
Mr t
Be nice to see confidence back here. Someone believes. 21M just gone through.
Miker444
Definitely no point in selling these at the minute especially if you have built up a good holding.
Dissapointing to say the least over the last two months the way it has drifted nearly back down to all time lows when there is so much news to come and we have two possible mines to be operational by early next year.
I would like to see some impetus here now from the BOD too much going on but slow progress, needs to be moved up a gear or two now, two licence application RNS's wouldn't go amiss!!!
SML having a good day today with one of their copper plays, our turn shortly. Was in SML a while back but not now.
Mr T
Yes a long slog but the copper grades in the last 2 rns's are extremely good and at surface or near surface, whole % grades are to die for and the price of copper expected to rise considerably near term. The gold grades are not exceptional but could be used to assist costs, as is the norm in gold / copper plays.
We will get a JORC hopefully in a few months and if positive and poroduction given the go ahead then the sp should see a decent rise.
Most likely still a few months to wait but not a lot of point selling now if the expected happens. I have put mine in the bottom drawer as I did with GGP and it paid off to be patient but each to their own.
atb.