Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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As if the board can sit on news good or bad that is market sensitive . . .
I am under no illusion that our BOD have a huge amount to prove and have made statements this year to ‘appease the angry mob’ such as no dilution and better communications. Now, if Harvey ‘disappoints’ and comes in at the lower end of expectations, and the effect of that is that CalE decide not to exercise Harvey option expect a further dip. I expect however that the BOD will ensure that any adverse news is accompanied with positive news on new licences and/or development project progress, after all we are fully funded which is sometimes easy to forget with the LOG overhang. I am content to rely on CalE’s judgement and expertise as they have spent many long months on due diligence and have to accept that they see an opportunity which may deliver in a few years not a few months. Patience is not something I am blessed with in every stock but I have accepted that is essential here as I may regret selling out.
Exactly but wtgr you "mugs" (I potentially include myself in that definition because I have 're purchased with grave reservations) were the ones that trusted them and voted them in? Me I didn't trust them and wanted rre in but wtfdik?
As marmite as rxdav was, I liked his attitude and he got a lot of stick on here but he has been shown to be definitely right to date.
Let's hope the bod prove me and rxdav wrong (at the time of meeting) and the supporters right? As I say I am still a holder here and took a large loss which was good to offset gains elsewhere and I am happy with the amount and price I re purchased at but for me the bod very much need to prove themselves.
This will come good eventually but certainly not give the returns previously wished for!!
All imho and dyor.
Benign RNS although yet more options disclosed.
The lack of an RNS about Harvey is now becoming a larger and larger millstone for the BoD. Clearly, all is not as had been expected unless something else is brewing, although it is difficult to see what IOG now needs given it is funded to first gas.
The BoD needs to put some form of statement out sooner rather than later. The Harvey well was completed prior to 19 September, when the rig moved off the site. It is now coming up to 3 months.
I well remember during the conference call and meeting earlier this year the Chairman saying that there would be no more dilution and, in contrast to the previous 12 months or so, that the company would be keeping shareholders much more up to date through RNS' and otherwise. How quickly these pledges have been dumped.