Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Sorry folks, I'm pretty positive on this stock and bought more. My suggestion about the Kool Aid was a joke as I use it often and I had camera crews there at Jonestown so I know what happens when people blindly follow someone. However, I felt todays presentation was a breath of fresh air. Everyone after the last AGM were asking when, what etc. And he took the time to answer just about every question. So I was pretty pumped on the company after and bought more. I expect every dollar I spent today will be double or triple by Jan if they get some positive news. Then it will add on much more in 2023 if we get good results this year. So my comment wasn't a slam, just a joke on my decision to buy more.
I think it was a pretty good presentation overall. He put out timelines -- everything starts up in August, expects to have flow rates in Jan or so. Never got info on when seismic starts that I heard but I was also answering emails. Says he believes the company is undervalued and that when they start getting in results from other companies and Falcon it will go up quite a bit. He appears to be very confident.
My perception
1. Seismic has not been done -- Wasn't confirmed or denied.
2. Drilling activity scheduled for September but plans are not firm. Subject to change. Said they had a hot rig and I would say it is firm.
3. Monetizing plans are changing and POQ and new board thinking we can get better value if we take this production (it is fuzzy) Better to be open to possibilities than close minded. But seems like they are pressing forward.
4. Sites that are visible through the satellites have not been mentioned or discussed - Question not asked, but it could be anything -- we think it is another pad based on satellite, but it is different than the previous one.
5. South Africa question was good other then that other question were about current market, which I did not pay any attention. I think this is very good and is the future phase of the company once Beetaloo is moving on.
PS this call took me back like 20 years I think they need to start considering using technology that currently available for those calls :) I agree -- it is the telecom connection between Canada and Ireland. You could tell they were getting bumped off too. He was not happy. I would say you will see a new telecom company in the future.
The Australian financial year starts on 1 July and ends the next year on 30 June. At the end of fiscal year small business owners wrap up their books and begin finalizing their tax time paperwork and accounting.
So that would put it Oct to Dec for 2nd quarter.
According to https://www.ato.gov.au/Business/Reports-and-returns/Due-dates-for-lodging-and-paying/Due-dates-by-topic/Activity-statements/
From my work with night vision and Shortwave Infrared technology back in my military days -- I would say it is larger and more intense. Although the bulk of the April 28th is red, the interior is more bright yellow. When you hit a brighter light it used to flare our viewfinders and shut down your scopes. I also see stronger volume on the US market now. Hopefully more people are seeing this too.
Been in this stock for years -- probably 15+ -- cant really see how far back as I sold those early shares for pennies on the dollar for tax write offs. But on this dip I bought more - now hit the million shares club. So far even with the dip -- I'm still profitable -- NOW FOR MORE PROFITS.