Member Info for stuGGTTH

Thanks eviking

Does anyone have any info on how the business is performing?

Any links would be appreciated, thanks in advance

Stu

Morning Rex

Not too much in the RNS that we didn't already know, unless I missed something concrete and significant...are SVML aiming for, or rather expecting, a similar deal to the one that Mkango received from the Malawian Govt, seems to be the case?

Stu

Also a bit better in Australia 4.6% ahead, attached

https://www.msn.com/en-gb/money/stockdetails/fi-aa9oh7?ocid=ansMSNMoney11&id=aa9oh7

Stu

My Buy at 34.7p was listed as a Sell at 12:12, just FYI

Cheeky wee top up

Stu

Hi Rex

Agreed, the operating costs should be pleasantly low, considering the potential earnings - but also good to know SVML are doing the right thing, restoring the land for potential farming again - best to keep the Malawians happy, and there does seem to be a genuine rapport forming

A bit surprised at 08:15 that the share price remains unchanged, however

Progress definitely being made, I like the way Sovereign communicate, good comprehensive RNS, photos etc, very professional looking

Well done SVML

Hello ChartaRex

Yes, I have looked at EEE too - I could be wrong but I feel SVML are closer to fruition currently and it seems Rio Tinto's involvement is a major plus, it gives the project greater credibility and the distinct probability of a funding package toward production, whereas EEE are more likely to dilute shareholders to raise funds - just in my very humble opinion, I could be completely wrong...

To cut a long story short, I will probably invest in EEE at some point, but not just yet

Stu

Hello ChartaRex

I can't take too much credit, it was one of these articles that appeared on my phone (possibly as a result of searching SVML share price daily) - I certainly found it interesting and informative, so happy to share it

Very confident about this investment, and really hoping SVML are not taken over as I would rather receive years of dividends instead, but time will tell

Stu

Don't know if this has been posted before, an interesting informative read

https://www.share-talk.com/investing-strategy-the-sovereign-metals-lon-svml-asx-svm-edit/

Stu

I hold some SVML (a similar rutile/graphite project) but not EEE, any ideas on which is the better prospect?

Thanks for the degree of clarification londoner7, I wasn't too sure what to make of the recently announced (potential) collaboration with Eni - to me it seems like Delek feel they currently own too large a proportion of Ithaca, and Eni would like greater reserves for the long term. Both hoping for the amount of Levy enforced to decrease medium term possibly.

Personally happy to hold and accumulate at the current share price and dividend level londoner7 suggests.

Stu

Https://www.reuters.com/business/energy/ithaca-energy-buy-enis-uk-assets-about-940-mln-2024-04-23/

Https://oilprice.com/Latest-Energy-News/World-News/Oil-Market-Set-to-Tighten-as-OPEC-Sticks-With-Production-Cuts.html

Https://www.telegraph.co.uk/business/2024/03/27/israeli-owned-ithaca-energy-north-sea-oil/

They mention dividends in the Prospectus, page 14....3.1.6 Dividend Policy

https://ithacaenergy-files.fra1.cdn.digitaloceanspaces.com/Documents/IPO-b2f4d6/Ithaca%20Energy%20plc%20-%20Final%20Prospectus.pdf

Although with final results on 27th it may be completely clarified

Stu

Thanks LochinvarLass, I was just curious really - most of my DEC are in a SIPP, so plan to compound for some time

Does anyone else have the feeling that we may have a repeat of yesterday, that is, when America awoke the share price rocketed?

Microsoft have the NYSE price at $12.91 = £10.16, please see attachment

https://www.msn.com/en-gb/money/stockdetails/fi-bn74ww?ocid=ansmsnmoney11

Does anyone know if USA has an account similar to an ISA? Imagine receiving this huge dividend without the Withholding Tax, but I'm not sure how dividend payments are treated over there by the IRS...??

Stu

Agreed Davidspellacy, an individual share cannot qualify for the dividend AND be sold in the Tender, its either one or the other - however a shareholder can decide to split their holding of multiple shares between the dividend and Tender offer options (although DEC may not necessarily accept all the shares tendered for sale)

Today's RNS states - 'Shares purchased under the Tender Offer will be cancelled by the Company'.