Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Sorry to hear that. Ok, the temporary bottom, for a week, when Covid lockdown commenced. Anyhow, be interesting to see if (why not?) we revisit that level once the dilution takes place. Certainly not priced in that the shares in play are going to double.
Yes Bassguy you are correct as I purchased a few around .07p only a few unfortunately as it was all doom and gloom in the mining sector at that time and no-one knew what companies would survive.
All time low was when I sold Jim... 0.007 ish
:(
Well once again, it's no tale of woe to be simply correcting your comment that this is trading "near all time lows" --- it is the all time low.
I doubt we'll be grouching Jim. Very simple equation for me theres nothing really priced in here and we're trading near all time lows, now if they don't deliver Utah (I expect news flow to commence on that) and/or Nayega then I move on. I tend not to haunt BBs with tales of woe. The floor is all yours for now, will post again when theres progress in the share price or at the asset level. Gl
Marriage indeed - but as it's only been in profit for me on one occasion during those years (and I equally believed THAT was the time it was going to take off (Kumba, 2.3p)) I stuck with it as we also had Nayega after all. Then I stayed put because of the tributes.
If the license is not forthcoming in the near future then I hope something else positive happens to allow you to exit with a profit. Otherwise, we'll be grouching at each other for a while yet ;-)
Still, Nayega is not in the price here so everything is to play for. Fwiw I don't particularly disagree with you Jim I just think we're coming at this with different mindsets and likely because i've only been positioned for a short while and your like an antique here ;) i'm not dismissing the past I just don't have the baggage of the last however many yrs so i'm not at my wits end with it, preferring to look forward from here rather than back.
I'm prepared to give them a short while to get Togo over the line and ramp up Utah production but I won't be as generous as yourself with my time, I'll want to see progress soon. We're here to make £ not marry it for 9yrs if I can help it.....& since it'll make you feel better i'll not post on the BB you have 9yrs on me here so knock yourself out, I may pop in on news days to wind you up tho ;). Take it steady.
Cheers. It is what it is. I can understand someone's excitement at thinking something must be 'imminent' as there's a lot of us still here who felt the same way over Kumba, then the original Nayega license news, and the gold tributes. Discounting all that is a little naive in my book though. Personally speaking, I now think there's a rabbit off with Nayega and I am struggling with the Falcon deal. But hey, we are all holders so lets at least agree that all we want is the success we know the BOD are more than capable of producing and have done so elsewhere - but do it here and hurry up about it!
I always respect my elders canaries............. !
even as a child, taking a fiver of Granddad as he passed it behind his back so as Mum didn't see.......... :()
All the best (not the same I know....... but....... :)
Jim, A frankly fair assessment - no other way of dressing it up.
I ain't sl@@@ing it off - I'm pointing out reality to the person who is busy, virtually everyday, telling us how things are and why. I remain a believer in DR and Co, despite the many setbacks we have had. Doesn't mean I can't question our situation or decisions made.
Jimbo.
But you have a holding in Calidus which has done very well. Why **** of a share you hold it's getting boring to be honest.
Our current sp is what it is for a number of collective reasons, not just Nayega. a) collapse of iron ore prices, then b) collapse of AA/Kumba deal, then c) write off of IO assets, then d) gold tributes acquisitions not working out, then e) value of CAI holding removed from sp on distribution, then f) relinquish acquired nickel/cobalt licenses, then g) dilution due to acquiring Falcon - and h) still no license to mine Nayega. That's the potted history of FRX/KRS and why we are where we are.
Granted, a long time in the making. This is why we're priced where we are, otherwise companies with projects this advanced and size are atleast £30-40m mkt cap pre production. Let see ;)
"We remain confident and look forward to the mining permit for the [Nayega] project being issued in the coming months - this is the major condition to finalising funding to commence development of the project. We continue to engage potential funders and product off-takers and would like to have this concluded shortly after the award of the mining permit.”
Indeed. 5 long years ago. The only thing different now is we are no longer a company looking to supply the steel sector, nor are we in the gold mining sector, nor even now in the EV battery sector. But hey ho, phosphate will be our saviour and the license 'must' be imminent ;-p
https://www.miningcapital.com/companies/news/107652/ferrex-confident-on-nayega-mining-permit-107652.html
That was five years ago, what's different now ?
Does IMO show you why UTAH is so important, puts a floor on the price.