Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I agree with the sentiment that TOMCO is now entering the end game of financing and the notes in the RNS today suggest as much. The 388m warrants that expire on 31/3 will be a big indicator of progress should they not be extended again.
I don't understand the TOM going bust comments from the same people saying it'll only be another quarter to wait until QED delivers when they stated multiple times in yesterday's RNS that they need a raise to bring anything into fruition. Both are high risk investments should be treated as such. As of today, neither has delivered for holders.
- W1 Workover: whilst massively delayed (I don't believe it's all down to an unforeseen permit situation) sounds like it's right around the corner
- No future dilation required to achieve '23 aspirations
- Romania exploration is the key for a return in '23
- 'Explosive' should they get their house in order
You could tell they are feeling the heat and the Q&A section had some pointed questions towards them. They really need 2 or 3 good bits of news to hit if they're going to be sat there comfortably in another 3 months.
I don't think we see a massive re-rate off the back of this news.
Whilst it's been submitted and further clarifications requested, nothing has been approved.. yet
Certainly should stop the drip bleeding of the SP daily that's been happening over the last few weeks