Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Yep, so far off radar, that even such good news travels a short distance... it is though, still very good news!
BOD has been so far off the radar for so long, it doesn’t surprise me.
but the medium to long-term investment case is fantastic, I think
Big order could be getting filled
Been doing dummy buys and sells
MMs lowering price when buys outweigh sells
How the hell is this flat after that RNS
The implications to this just add to the strong case for takeover or major deal with some of the big players. This is huge.
Worth potentially billions
That’s some rns gla holders, will try and get some
Well done all shareholders, great news.
Wow that is huge. This can't stay here at £4m Mcap surely. In a good market this would do 100/200/300% rise today
In JT summary he states the original 3.5ha has almost 9 million carats. So with extra 12 + 6ha found, that's potentially 54 million more carats. Total of say 60 to round. At the inferred $65 per carat that is 3.9 billion in value, but of course there are huge set up costs etc... but this could be the next big diamond mine, and the likes of De Beers etc could be tempted to place in an offer. Quick maths, so would need to check... But WOW potential.
That’s double the size of KX36 and they also have another one triple the size
This is very significant for BOD
Takeover incoming if this doesn’t explode higher
Excellent RNS this morning.
Spark of news or a few decent buys and it'll be absolutely flying. There isn't much stock about
Looks like its going to pop above 0.4p today. Far too cheap.
There's some discussion on another bulletin board about the company being employed to do the AI. The people doing this job are Planetary AI which has been formed out of International Geoscience Services, the former having received funding from various Governmental investment funds, the latter having a multitude of international mining and exploration corporate and Government clients including The World Bank in the USA, The Foreign and Commonwealth Office in the UK.
In Africa they have done projects across Africa (Mozambique, Zambia, Kenya, Malawi, Cameroon, Sudan, South Sudan, Tanzania, Burkina Faso, Nigeria, Mauritania, Liberia and Sierra Leone, mostly in conjunction with projects many of them funded by The World Bank.
More specifically and more importantly from a BOD perspective, in Botswana they worked for the Ministry of Minerals, Energy and Water on a Government-sponsored plan to transform the Department of Geological Survey to a statutory public entity known as the Botswana Geoscience Institute (BGI).
They don't necessarily need a big balance sheet or a herd of employees to do what they do, but it seems reasonable to assume that the bona fides of both Plantetary AI and IGS will have been thoroughly checked by the abovementioned investing and client organisations, and so would appear extremely well equipped and experienced to do this particular job. Looking forward to seeing what they find!
Very interesting info thanks Perroverde. It sounds like its in everyones interest to do some deals in the area. Expecting things to get quite lively here soon
Agree IG - bear in mind that DeBeers are spending USD 1bn just to extend the life of Jwaneng, have just appointed a new, younger/ambitious CEO, and just agreed a new/extended deal for the Debswana jv with the State to continue and they are short of new resource... BOD can't not be on their radar.
It's pretty impressive. Wouldn't surprise me if the likes of De Beers were sniffing around. Impossible this stays off radar for much longer
The RNS highlights the enormity of what they have in Botswana - 380 gigabyte of data, 95000 sq km of coverage, that's around the size of Scotland and Wales combined. And the second biggest exploration database in the country.
Little old £3m Mcap BOD has an advanced AI system to he’ll manage the vast database of information from drill logs, surveys, samples etc etc
Makes future drilling and discoveries a much higher probability
Exciting stuff
Added exciting bonus for BOD and for Botswana is that the technique will analyse a number of different minerals. We have always believed that there are more diamond deposits to be found under the sand. Now there is the possibility of other deposits being identified".
Possibilities could be Massive.
Small but its ticking up on every buy. Good sign. Way oversold
Any sniff of something positive and this will absolute rocket. The MMs have no stock
MMs are keeping the spread at 33.333% to deter sellers too.
Any sniff of a deal its going to go mental. Big Big upside