Member Info for TangerineMan

Morning Tiggrrr. I am gutted that I will not be able to ring in live. Visiting a very sick relative in hospital fifty miles away this afternoon. So will either be driving with my Mrs or in the hospital.

I have therefore sent in a question in advance, as the invite link, encourages.

Key things I am hoping to come out of the live session are:

-update re the US grant (if permitted under market information)

-more specific timing re the PFS for Pilot Mountain/Tempiute Tungsten equivalent (and updated resource)

-As you indicated in your post, timing re extracting/processing first tungsten, even if to be processed by third party.

-If GMET are to fully develop the tungsten project, views re funding this. Oliver has always sought to avoid dilution.

Hope it's a good event and cannot wait to receive the recording!

Sol001. My apologies to you. I was not trying to hijack the POW share chat for another company. I was purely trying to be informative.

The company which I shall not name again on here, is frequently mentioned on here by other posters, even over the last few days. When its value on POW is so significant a part of POWs balance sheet, it cannot be avoided. However like Voldemort in the HP books, will not be mentioned by me again. I am a friendly soul and not one to fall out😊

For the record I am a significant holder in POW and have been for a couple of years but I am treating my holding like Premium Bonds. I am accepting no return, accepting my stake will fall against inflation but hope that in time, my shares will turn into a winning premium bond. Enjoy the rest of today everyone.

Perhaps Sean should do an Investment Overview, like Oliver, to get POWs story out to those who do not know it!

See my Post on GMET just now.

Although those from UK registered with GMET website sent invites, I suspect as Oliver in New York at mining event with large number 121s lined up, this Investment Overview is a "warm up".

As both the UK and OTC markets will be open during and after the 3pm event, trading on AIM from 3pm to 4.30pm today could be interesting, given how positive Oliver comes across and new people become aware of what resource is under the ground at Pilot Mountain, Tempiute and Garfield etc.

If you are registered with GMET to receive updates etc, there is the above event today at 3pm. You have to register. You have to ring in but if you do not and are registered they will send you the event recording afterwards, to listen at your leisure.

Aimed at attracting new shareholders/additional share purchases. The Q and A could be interesting.

Morning RedNinja. Yes, that is what I made reference to. Reducing debt/leverage from the extra positive cashflow, with profitability returning, will make the balance sheet look more attractive.

The level of debt was too high but becoming more acceptable now (although still a tad too high).

I have only invested a few thousand £ yesterday and will await the next financials but SP looks attractive, with what I see on the horizon.

Not come across this share till yesterday.

Analysed last year's accounts. The only reason for the loss, was write down of intangible assets. Strip this out and performance was OK. However, what was of interest was operating costs were to reduce substantially going forward (ceasing spend on discontinued project-related to the write down of intangibles). If the projected reduced operating costs prove to be correct, PBT will increase dramatically this year. Very strong cash generation, always a good thing.

Some interesting buying last two days. My view is that this share could well be on a re-rating, which will be even more evident when next half yearly results produced.

Have a look at last year's accounts and do your own calculations.

The share has been in the doldrums since early April, when fell from it's YTD highs, which coincided with Trumps initial attack on world trade.

Despite still relatively low number of trades and volume (although number trading increased last couple of days) volume does not justify the 3p increase in SP to sell in last few days.

Although FTSE and AIM having a decent run, just feels like the market makers need shares. Charles Archer did indicate in a recent newsletter, some large buy orders had been filled in last few weeks, with no movement in the SP.

Could be interesting if over next couple of weeks, SP climbs back to its former all time high, as DFS not due for many months.

The volcano about to erupt!

I think the recent posts re this subject, whilst understanding why some posters think might be possibilities, are wide of the mark.

Firstly, POWs business model is now to explore/invest and then divest, as appropriate, retaining an investment, not actually mining itself or developing a mine.

GMET have identified non tungsten assets. Whilst Oliver and his team focus on the tungsten assets, if they do enter into JV's (far more likely, taking an initial capital sum for the rights sold on and/or just a model taking a share of resource mined) they will allow the other party, to take the lead. This party will have experience in mining that particular mineral in the jurisdiction. POW does not fit this potential partner.

June could be very interesting for GMET. Potential grant news. Oliver is attending mining event in New York end of next week, meeting various US investors on 121 basis. Some of these may also be potential partners for assets mentioned above.

The volume on OTC was much higher yesterday.

I personally see the SP, climbing to 50p+ within four weeks. Just my opinion but graph of SP RT rise over similar period twelve months ago, showed June onwards, very positive trend and all sub current exercisable SP warrants, have been exercised.

So, everything is aligning in my opinion.

I am inclined to disagree with PaulFG.

In an RNS, the passion of a CEO cannot come through.

The RNS itself has to be and was factual and as predominantly geologically worded, was not going to set the pulse racing or SP alive.

The interview on KER was focused on the US market, rather than UK retail investors and Oliver and his PR team should be applauded for that.

Reading between the messages in the interview, I believe there is a lot going on in the background and I certainly would want to be heavily exposed to GMET in the weeks and months ahead.

Never mind the PFS, the interview intimated that with regard to Tempiute, an awful lot of work is going on (almost for a DFS).

News re any possible grant must be around the corner.

I would rather have an RNS, which had no impact on the SP, with subsequent ultra positive interviews and podcasts, than disastrous RNS's like Jubilee Metals of today, which was poorly worded and resulted in near nine percent SP falls.

Oliver is doing a cracking job and we are lucky to have him as a CEO. Keep up the good work Oliver.

I added today and will be adding again tomorrow!

Over the last 18 months, Sovereign have been covering off various aspects of the "Five forces of Porter".

Source of raw materials -tick.

Confirmation of ability to restore mined land to previous (and more productive farming) use - tick (ESG)

Identification of end users (buyers) for its material and agreements put in place -tick. Including offtake agreement for a percentage of material with Rio.

Put in place sufficient working capital to take company to past the date when Rio, have to make decision, one way or the other- tick.

Now future additional energy supply, as energy use from the site increases over the first six years- tick.

Management ability and previous experience of raising funding of substantial capital (via debt) for mining projects. Another positive here is that by Q4 25, when this may or may not be required (depending on Rio), funding costs should have reduced, as interest rates come down further. Tick. NB should Sovereign announce in next few months they have got committment from funders for circa £3/4 billion, to develop the project, this will put further pressure on Rio.

Whilst there are other factors to box off (labour supply etc) in Porters "Five Forces", extraction of the raw materials has already been confirmed can be undertaken relatively easy, without deep mining into rock etc.

All in all Sovereign management done everything they can.

The reason for current SP, partly we are in a "waiting period" where many retail investors deploying cash elsewhere. I suspect ( only my opinion) as we get closer to Q4, they and other investors will return and the SP will move back to it's previous high and beyond.

Hi ICB888. As noted in the last few days by a poster, similar trend to twelve months ago. Follows the warrants being exercised ( many I suspect sold in advance of exercise), so I concur, next 6-8 weeks should be continual uptrend with new high achieved.

I concur with PaulFG thoughts.

In addition, I believe retail investors now have some concern that:

-Rio will allow Sovereign management to develop site and meet the circa $700m development costs.

-That this could be further fund raise at dilution, at a discount, favouring IIs not retail investors.

-Rio will wait till post development before deciding on a bid or just accept their 40% offtake agreement (without having to stump up $700m development cost and transactional risk of the development).

Certainly unusual to see a share toured as certainty (if there is such a thing) for doubling/trebling, to lose a third of its value in such a short timescale. I think as PaulFG has said, country risk more at play now since Mr T arrived on the scene.

Only my thoughts. The IIs must have some faith given the last fund raise.

I would like Sovereign management team to comment more on the last fund raise and if they still believe they can fund the development via debt, rather than another placing and why the last fund raise appeared to come "out of the blue" !

With the reduction in the SP over the last week, unless the directors/board members are prohibited from buying shares (small fund raise completed now) due to pending release of RNS/discussions with Rio etc., I would have thought they would have been buying at current levels? Just an observation.

Cannot understand why still falling? Down another 4.5% at 1pm Sydney time.

Come on Sovereign, hit a floor and start bouncing back! Will be buying for my new ISA at 30p at this rate!!

Down another 6/7% on ASX at present.

We need markets to settle down. With the EU saying they are going to respond, things might get worse before they get better.

Let's just hope Trump does not want another term after this!

At least I can buy another £20k of Sovereign for next tax years ISA, at these low prices!

Have patience everyone. Should have just turned my phone off altogether whilst on holiday in Australasia.

Possible just the general market malaise today. We will see.

Hi Berlioz. On a boat on Great Barrier Reef today and I too see Sov. down 11% on ASX. Not sure what's going on. If this is mirrored on AIM, price could be 37p by close. Very surprised as would have thought the recent fund raise would have put a floor at about 40-41p?

We need a communication from the company re the funds raise.