Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Actually now I think about it, it must be two separate areas indicated.
‘Improved the definition of a robust structural closer in the Karoo group…’ would surely be an extension of the original Tai Karoo prospect/target.
‘Also identified an untested closure in the lake bed formation’ would then indicate its in the same tai structure but slightly outside the previous geo work that the previous drill program was based on.
The RNS today stated ‘Our decision to return to Tai has been driven by the interpretation of the Phase II 2D Seismic which, not only improved the definition of a robust structural closure in the Karoo Group, but also identified an untested closure in the Lake Bed Formation’ - would this not indicate either a stacked target or a multi-drill program?
This is an amazing buying opportunity right now. In a few months time people will be paying an absolute premium or left on the sideline, looking back kicking themselves for being so impatient.
This is the beginning of a brilliant drill campaign. With us going back to Tai I am certain we will be hitting helium this year.
I will be bumping this thread when we get the drill RNS and when we're spudding down in 2022. If all the naysayers could please reply to this so I can have a great laugh reading back when im 100%+ up on all the shares I've accumulated over the last 9 months that would be great.
David and co are bringing this home. 2022 is our discovery year.
The RNS essentially says the drill contract is sorted just needs signing. 2m shares in replacement of fees is literally a 0.3% dilution, hardly been diluted out.
Returning to Tai is THE best situation. This will be our discovery year - it just means all the geology was in place all along and they’ve sured it up. Don’t forget they had multiple helium shows all across the Tai prospect before but couldn’t wireline it due to the mineral rig causing washouts.
I’m sorry but what an uninformed opinion to be touting - fed up of the DM slander. The worst part is I know how fickle these boards are, everyone will forget the DM hate the second the drill news comes through…
It is exceedingly common for board members of junior miners to hold roles on 2 and sometimes up to ~5 companies at any one time. Many have done similar and matured several medium-big projects at once.
Very unfortunate news today. Hopefully we get some information in to how they can stop this happening again - can’t allow it to become commonplace, 2 too many.
From Telegram:
Hey guys,
I’ve had a fair few private messages from people worried about the current situation, so hopefully this may help to ease some nerves.
I’ve had a call with Tavistock who deal with HE1s PR/IR on behalf of investors. I have made sure it’s all above board to disseminate communications with the varying investing groups.
They have stressed that if there was any material change in plans or situation it would have to be announced via RNS (in accordance with AIM rules). This would include the conclusion of any previously mentioned talks surrounding rigs - be it positive OR negative for us.
Hopefully this puts to bed some concerns that drilling negotiations have fallen through.
I do believe that with still about 6 months left of the drilling season, based on usual rainfall patterns, that we have plenty of time until we need to start getting a drill mobilised.
So as of now there is no material news to update the market with. I have their contact and they said they’re more than happy to assist in anyway possible as and when we receive more news.