Sapan Ghai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
A fair view to throw in the mix there however I'd expect that we're now past the point where any part of the deal would be ambiguous or unconfirmed.
I expect a prospectus has been submitted with exact details of the RTO and that BOU's name is on it. Just my opinion.
We need to remember that the target company will be holding the cards when it comes to allowed communications, not the BOU BoD. It must be difficult for the BoD / IFC to have to remain silent if they have been told to do so as a condition of the deal which is a certainty IMO.
The regulatory delays can only take so long and once through the red tape we must be very close to an update, so I expect we won't be needing to do anything other than show a little more patience. I know 'more patience' seems to have been said for a long time now but considering how close we now are it feels like the only sensible option to me at least, but I'm sure if we get to the new tax year without news then we can agree to seek an update like we did before?
On a personal note I'm feeling optimistic that something exciting might be heading our way. It might be beneficial for us to consider what sentiment we'd like to create here as new interested investors may be heading our way soon. GLA
It seems that something has changed that has created the need for this raise and although the RNS tells us what the money is for, understandably investors would like the confusion cleared up.
Something to consider is that in addition to the exclusivity agreement there is also a confidentiality agreement in place with AA.
Let's say that an aggressive drill program has been created that costs many £££'s then AA will want a % stake in return for the funds. If they want more % than what NvS is willing to give away then ARCM may have needed this money to top our our contribution to deliver that plan. They can't tell us this because it's linked to the deal.
Whether the above is true or not something reasonable yet confidential is most likely IMO.
We're not speculating in the telegram group either to be honest we're just really keen to hear about the deal.
First rule about BOU Club, is you don't talk about BOU Club.......
Institution's in early and lots of other sticky hands on these shares, plus a news rich future judging by the amount of opportunities and partners in the mix. I expect this to be a very easy and rewarding long term hold personally.
Looking good here for the near-term timeline. Just for Q1 we have.
Auto Ultra High Power Cell:
In discussions with 10 automotive manufacturers / OEM's.
O&G Ultra Prime Cell:
Currently in discussions with respect to defence order.
ESS Ultra Safe Cell:
Currently in discussions with 4 potential customers.
I'll be very surprised if news didn't land before April about new contracts. The institutions would have scrutinised the detail of these Q1 activities as part of their due diligence.
Good news already in place for a post IPO announcement I expect, hence my buy today. Too much in the pipeline to expect anything else.
DYOR / GLA
Yes it's been a rollercoaster!
I seems the BoD on both sides have done extremely well to remain air tight about the deal and to prevent any leaks here. Which explains the silence which although frustrating may have been absolutely necessary.
Chances are the target is a company we haven't even considered and once news lands Google will be getting a hammering! See you all on the other side.....
Morning all. It's getting very interesting again here which is great.
It feels like we're close to news and I think now is the time *** more than ever *** that we keep the speculation and any details that could be considered sensitive away from this or any other BB. I know we're only guessing / deducing on possible outcomes but if we value our investment and want our returns in tact then we shouldn't risk anything at this stage. It's obvious the target company need privacy for their own internal reasons so let's give them the courtesy of that and not shoot ourselves in the foot.
We might be days away from official news so not long to wait hopefully!
Guys we need to be careful what is said. We shouldn't be quoting people in here.
We've been given feedback (albeit not specific in detail for obvious reasons) as to the progress of the RTO and the delays from official bodies. This is much more telling from a timing point of view than ever before since once these delays (only with the FCA I assume) have cleared up then there is nothing left to stop us getting an update.
It's clear the BoD are working with a target company now and that we're close to being relisted..... If not there are much better ways to throw us of the scent or to tell us the deal has fallen through.
We're waiting for the official approval. That's it.
In the meantime I guess we all have a decision to make about how we choose to conduct ourselves. It's not necessary or productive to single out individuals to verbally attack when we don't know anything about what they're doing behind the scenes. I fully expect the target company will have imposed a strict embargo on ANY type of Comms other than what we've had to date. The priority would be to protect the deal.
I think we'll be talking about how many bags we're getting soon and hopefully all this will be out behind us.
GLA
He said he is NOT new to investing.
Just not familiar with how an RTO may play out from where we're currently at.
RichiN all we know is what we've been told from those who have made contact, which is there are delays with official bodies and it could be a matter of weeks for us to learn about the target and the what the deal means to us.
So if we're getting news it could be anytime now, and then maybe a few weeks to vote, list, whatever..... Most would agree that's a pretty big IF though due to the speculative nature of RTO investments.....
Congratulations guys an absolutely stunning update today and so much more to come.
Also a massive thanks for the info and insights shared here and on Twitter it's made researching this little gem (little for now) so much easier.
DCat thanks again for the figures looking forward to see future updates with +10mt and the TiO2 included!!
I guess amongst other things we all want news about a deal with AA and I doubt tomorrows investor call would be happening if the BoD weren't in a confident place with the progress of the AA negotiations.
I'm expecting the call to provide a good sense of how the negotiations are progressing and I wouldn't be surprised if we're given an indication of when we can expect an official update, which if not tomorrow can't be too far away. Also more details on the proof of concept study would be good.
Any positive sentiment out of tomorrow's call that let's us know we're progressing well from the AA update 13th January is good enough for me, with or without an RNS.
"The Company is pleased to announce that it has today received notice from a former director of the Company to exercise options over a total of 1,000,000 new Ordinary Shares"
Caleb isn't a former director, he's still on the board.
I guess it's either if Mumema Mushinge, Don Bailey or Jonathan de Thierry.
Whoever it is will know it's a good place to put their money. It could be worth a lot more soon.
Lot's of background noise about our unwanted non-core assets and Twitter posters. It doesn't make great reading for anyone coming here to learn about our tier-1 potential copper assets and our involvement with institutions and Anglo American.
CASA and Sturec were distractions and we've offloaded them along with their associated costs to focus on the copper. We'll probably forget all about them following news that could / should completely re-rate the share price.
We can't be too far away from an update as plenty of time will be needed to plan ahead of this year's drilling program which should be on a much grander scale than previous years.
Yes ARCM's binding sale agreement is with a different entity to MED so as far as we're concerned CASA is sold. The agreement allowed us to be paid in shares if sold on to a listed company which is ok but in this case I'm happy that we'll be getting the cash.
As confirmed 13th January AA (£33B MCAP) have decided to "conduct negotiations in respect of a commercial transaction". HUGE news for us just 2 weeks ago!
This year's drill program will be much bigger than anything we've seen to date and whether takeover or AA equity stake time will be needed to secure / plan sufficient drill rigs in time.
Dry season and therefore drilling could start April / May time (they'll be gagging to kick off asap to make the most of the time available) and I imagine ARCM / AA will complete a deal well before then to arrange, so maybe February or March for AA news?
Plenty have ARCM on their watchlists now and will be timing their entry or top-ups ahead of AA / institution news and then we'll up at new highs. And that news could land any time.