Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I feel for you guys having gone through the RF turmoil with SAR for many months now ...
In brief with SAR when they took on the funding arrangements the SP was 103.5p .... at which point we picked up a number of doomsters spouting 'death spiral' and watch this plummet ... most of us considered their spouting to be complete BS .. to our detriment .. I now wish I had listened when they started their negative rants ...
Initially RF drip-fed into the market and the SP seemed to stabilise at 80p ... but once they started offloading in larger chunks the SP really started to collapse and in the end the LTHERS and HNWI came in and bailed out the SAR BOD from their naive or incompetent RF funding decision .. but by then the placing was at 10p which also reset RF's warrants from 143p to 10p and all future shares picked up from SAR at 10p also .... so they have made a killing on SAR and have just today requested over 1 Million warrants at 10p, originally 143p
I am completely dumbfounded how any Companies still consider RF as a funding option after seeing the companies they have destroyed prior to this educational lesson;
PS : At one point many thought that RF were attempting to decimate the SAR SP in order to take over the company with a funded loan for a few pence a share ..... all just speculation but stranger things have happened
So my advice would be to look back at the SAR BB from the days when PUMA was spouting DEATH SPIRAL and look at the trend from that point and make up your own minds on what next to do .. hold or sell etc
Good luck to all and apologies that you have become entangled with RF
Personal opinion : Share price to remain depressed whilst RF offload by end of May ; That is my wish as I would not like to see RF hold on to their shares and sell > £1 as I have no desire to see them make a load more money from their dirty dealings .. all-be-it that the BOD were completely naive about this underhand funding strategy
HI HBD -- That I could not answer as I have an I.T background and not a Business Background ... but having said that I feel most on this BB would have picked holes in both Consolidation reasons and the RF Fiasco;
I know it is a difficult ask as that person would be under complete NDA and would need a business mind as you state ... but currently I feel that the BOD are not being challenged with any decisions they make and have a free hand to do whatever they like which almost cost TM and JR (and the shareholders) their company ...
Maybe the solution is more communication so that we all get more of an understanding of the direction the BOD are considering ... comms is still the weak point even after shareholders expressed their discomfort during the AGM and we got acknowledgement from the BOD that they needed to make changes .... but have then gone back to their original treatment of shareholders as mushrooms;
For me I just wish to feel safe in the knowledge that we are on track and nothing sinister is going on in the background .. as per some of the conspiracy theories that floated around associating Parker and GSK and PH and RF with a possible destruction of SAR followed by a loan to buy / reverse takeover scenario
But in a nutshell I dont know the best outcome to allow greater consideration by the BOD of shareholders wellbeing.
Unfortunately we no longer have THOTH who had far more knowledge in this space -- I wish I had a better answer for you
Regards Aber
Afternoon Brighty - I know there have been some good deals in our sector but are we convinced that our current management structure could broker such deals ? ... or possibly have they had a number of offers which would have been accepted by the majority of shareholders but have been rejected as they are holding out for possibly unrealistic higher values ? .. We all know that the comms link is broken / almost non-existent and unfortunately the shareholders currently have no visibility of any of the deal discussions. Personally, based on their poor managerial performance and lack of ownership of the SP crash and RF disaster, or apology to shareholders, I would like to have seen the shareholders getting more visibility of future decisions by the appointment of a nominated shareholder to the BOD discussions under NDA to uphold the interests of the shareholders (given the recent bailout to save the company) .. which is what Dr Owens was supposed to do .. and I say 'supposed to do' as we never heard him voice any concerns regarding consolidation, RF, SP Collapse etc etc
There does need to be change !!! We, the shareholders do need better representation as I do feel the BOD are too weak and poor in all but the science ...
This is only my opinion and much is unknown due to the continued lack of communication from our BOD
2 lots of BED & ISAS gone through (15K and 74K) .. all 4 trades showing as sells which skews the picture
Be glad when this overhang is exhausted and RF are out of the picture so that the SP can begin to rise again
They have 2.5/3M from the placing and Initial RF funding and area awaiting 0.7M Tax Rebate + 100K when RF take up warrants + 27.5% of 500K shares in CompanyX (737) in December + have already spoken about non-dillutive licensing ... so they may be covered without additional funding, especially if either 737 or 1801 get significant deals announced ...
Just thought I would counter the previous message
Nm
Morning Potnak .. regarding "...then Tim and John will be just sat around waiting like the rest of us."
Not bad though if you are sitting around for a few years being paid £200K PA ; A bit like a well paid footballer on the bench
Mike -- Yesterday there were a lot of 20K and 30K trades - today there are many 10K trades (showing as buys with the SP droping) ... I also feel that this is RF selling in smaller chunks in order to maximise their returns on their last group of shares
We just need for this to all clear but with smaller trades we may be several days away yet
HBD .. Careful with LSESAR .. only a couple of posts .. account set up only for one reason ... IMHO it will be a further alias account of our lovely deramping crew ... All Just IMHO - I could be wrong but no. of posts says a lot really
Looks like FunnyGuy, Nicely and InvestingGenius are working their shift this morning to panic weaker holders who have just joined into selling up ... and it seems to be working
Selling your stock now and buying lower may work but be prepared to lose out big time if a decent RNS pops up unexpectedly (MAD report, On License, 737 update ...) as this will fly at that point
Best off not trusting any of us and doing your own research ... dont listen to me as I am a LTHER who is awaiting SAR SP to be many multiples of today ... and dont listen to the TAG Team as they have only one agenda ... to buy in much lower !!
GLALTHERS
RF may be out but sell/buy indicators still can be manipulated .. for example 20K Bed and ISA (68K shares) shown as 2 sells
May take a while for this to move upwards ... but are we not imminently awaiting MAD report ?
Luton ... if SP, TM and JR all jointly agreed to this funding option then there is no way they will ever admit to taking responsibility as they feel it is their (not our) company ... unfortunately I feel the question will never be answered in a satisfactory manner that attributes ownership to any individual ...
They have to buy them first for which we will see a RNS; and then that is another 100K in the SAR bank - so not all bad news;
And then SAR should get a TAX rebate cash payment mid year (£0.7M) ....
And then in December don't we get 27.5% of 500K shares in Company X (737 related) ... so more potential cash into the SAR cash pot
Nicely - use your brain - spouting you were 100K down when we were at 10p ... and you are still 100K down at 33p .... surely not mate ... pure BS
The MAD report
Don't worry MAJ ... but thanks for your samaritan-like attitude, still trying to look after all of us even though not invested.
Personally though I will ignore your un-invested opinions - Personally I see this way above where it is now so I will continue to hold and add but, MAJ, be safe in the knowledge that I am making my own decisions so you don't have to worry about me as I am a big boy !!!
Good luck MAJ with whatever you are here for !
Nope Damion ... they sell the shares and then the totals are reduced
FYI when they received the first 2M shares and sold them they then informed SAR what they had been sold for and what they owed ... so similarly here they have 3M but need to inform SAR of the amount sold for after they sell them ... hence if they sell them for £500K and SAR only owe them £220 then SAR get back 95% of £280K ...
So more ackers into the funding pot !!!
This should be back at 103.5p ... PRE-RF deal share price .... fingers crossed for a good rise now .. especially if they now release the MAD news