Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
They've been proactive in the face of an uncertain outcome re Burgundy. Imagine the reaction and SP impact if it has been ignored and Burgundy had made a hard default, 88e was left short of cash with testing weeks or even days away.
That's my plan; pouch as much profit as possible from this, and then into 88e to hopefully magnify them gains. PRD looks another interesting proposition at the minute but I need to do a bit more homework first.
We'll see how it actually goes.
CCC - agreed, as someone who has worked for them for 20+ years (I don't want to divulge more as I do post on here semi-regularly), I can't fault them. As can be imagined over that amount of time there's been ups and downs along the way but overall they have been great. I think the new era that came about post-Clarke has had a huge effect, a lot more transparency and problems are handled a lot more professionally then they used to be, also gone are the days where a lot of people got promoted by being little more than a bully.
Think it's not just the liaisons, which is questionable for someone in his position in this day and age, it's mainly the perceived lack of integrity when it was investigated that is the problem.
I think he's finally getting some momentum behind his rationale that BP needs to be an energy company in the future, not just an o&g company. I think it will reap handsome rewards as the years roll on.
I think the two are linked, but not in that way.. SP increases = generally volume increases = increase in number of shares able to be purchased
(I think) they are limited to buying back a maximum of 20% of the total volume for the day.
A hurricane, potentially a major hurricane is forming in the Gulf of Mexico, that may well have a short term upwards impact: https://www.nhc.noaa.gov/