Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
LW - Looking like your prediction of 3.5 p- 4p is very realistic at the rate this share is descending very shortly. Surely something must happen soon, at this rate there wont be much of a share price left.
Hopefully the DFS will be brought forwards the low will be out and this will finally start to lift to where its deserved.
Billy,
Thank you for your response, excellent set of questions you raised also, well done!
I always wonder once the horse has bolted (DFS and Term Sheet done), where this share might elevate too, exciting times. Patience is key
LW - I concur and agree with what you are saying as you have been all of this time. However this will at the end of the day only benefit those that have cash in the bank to take full advantage of the situation, Lionehead clearly will be one of them.
Its just a waiting game now. GLA
Thanks LW, agreed, yep aware on the 10% discount piece just didnt think it would continue to spiral on the down turn. At this rate of knots and if the Term Sheet isnt dealt with until latter Q3 - early Q4 we could be heading back to near the 5p zone.
Only good if you have the funds to take the option on reduced price buy i guess to some extent.
Thanks Bank, though even when we did get great RNS output on the drill results it still did minimal if nothing with the SP.
Funny old game this, i get we just sit back and hang tight for the DNS to hopefully occur during Q3 and see what happens after that.
RP and All
Thanks for responses, nobody here has a crystal ball but if a takeover were to happen in not sure if it would be a positive or negative impact to the SP, which in mine and im sure most peoples opinion is already way to low.
Also out of 9 trades there are 7 sells... again im really confused with the market, why are sells outstripping buys on positive RNS and a reducing SP... new to this game so for me none of it make sense.
Paul
LSE are showing a minus against yesterdays close below -1.23%, unless LSE are incorrect?
Share Price: 7.25Bid: 7.10Ask: 7.40Change: -0.09 (-1.23%)
The SP this morning remained 0% change but not long after the RNS was issued it even went past -2% and has slightly recovered since?
But still its a minus one positively fantastic drill results, hence me asking if there was someone whom might have a technical analysis as to why its going the wrong way?
Real funny SP movements though, twice now great RNS on drill results and both times the SP drops, surely worst case it should not drop and rather at least remain where it is!?
I keep saying i am here for the long term and not worried during the short term, I am just wondering if anyone may have a technical analysis as to why this may happen.