Member Info for TangerineMan

POW has it's finger in a large number of pies. Being a minority shareholder in JVs, is not always a good thing.

As POW is now clearly focused on uranium and Saudi Arabia, it's two major projects of the future, POWs relatively small management team also needs to focus their time on where it counts. Exiting these much smaller JVs and minority investments in other mining companies IE RRR and FCM, is in my view the correct way to go. Getting small exit payments, is even better, incentivising the companies being exited, to pay sooner rather than later, with stepped up payments for the longer they decide.

Just like with our own investment portfolios, better to spend more time researching and monitoring the ones we feel will be the "larger winners", rather than spending our time where we only have a token investment, where even if it trebles, the £ return, would be insignificant, in context of total portfolio value.

Sean has his critics but he is getting on with it in the background and although slow recovery in the SP, it is finally making small progress in an upward trajectory.

I believe could be 20p+ by end of June.🤞

Opened at A$ 0.85 but quickly fell back. Been up and down and at 4pm Brisbane time, was up about 1% on its ASX closing price of yesterday.

My thoughts are, give it a few days and market makers in UK will need shares to meet the demand from buyers at these bargain price and upward trajectory will re-commence.

Would love to hear the CFOs or Chairman's rationale for the small fund raise but I agree with recent posters, the extra cash provides greater cushion and more bargaining power to Sovereign in negotiations with RIO.

Interesting times till expiry of the RIO performance notes/coinciding with DFS in Q3/Q4.

Stock no longer suspended on ASX. Down 14% to A$ .835, below the equity raise. Expected it to trade slightly higher than the raise price, given the 7.5% dilution calculated before suspension. Be interesting to see where SP goes in near future.

No issue with this tiny equity raise, in context of market cap and small dilution.

Market over-reacted but partly down to original poor RNS. I spotted the article very early morning, as in Australia at present. The company should have been aware of the Australian publication and not had to issue a second RNS. Made the company look slightly amateurish with it's PR.

I am not complaining mind you, as given me the opportunity to top up at these prices, when I did not think I would see them again.

Https://www.afr.com/street-talk/rio-tinto-backed-sovereign-metals-raising-40m-taps-petra-capital-20250324-p5lly2

40m equityraise via Petra, Australian equity providers. Not sure if US $ or Aus $. I suspect US $. Will be interesting to know if discount or premium to SP and if any warrants.

They would not have been able to use Rio again, as would have taken Rio shareholding above 20%.

I agree Berlioz. Makes no sense at all. I suspect we will see some large delayed sells from today, first thing tomorrow.

Some news yet to be announced or geo political news re Malawi? No doubt come out in the wash today.

I suspect the 275k trade at 4.18pm a sale not a purchase. I bought twice today this afternoon and neither of my trades showing yet!

Difficult to see SP staying this low but we desperately need news of some kind, otherwise the investing public will just not have POW on the radar.

Investors clearly noted ICB888's post and thought the opportunity in mid 13s, too good an opportunity to miss.

Good to see a small tick up, even if only half a penny!

Good article by Charles, I agree.

Sean has been relatively quiet on the news front but if that is because he has been busy "behind the scenes", no problem from my perspective.

In addition to what Charles has listed, GMET could quite possibly get news of the US grant and potentially more positive assay results, likely to increase the resource numbers for the PFS, later in the year.

Whilst all the positive news from GMET in the past twelve months, has not ignited the POW share price, more news from GMET, may well do so, even with POW now having a smaller stake in GMET.

Only time will tell re the POW share price but I am inclined to agree with Charles, be this in Q2, Q3 or next 12 months. I am happy to wait. GLA.

HI Sheps1175. I believe that for whatever reason (could be AI) when a share transaction takes place below the midpoint (buy and sale price) it is listed as a sale. I have queried this with brokers/market makers and this was their answer. Seems crazy in this high tech age but that's what I was advised. I therefore do not pay that much attention to buys/sales as listed, except where there is a very wide spread and obvious.

Whilst £ equivalent not huge, so far today, buys circa £74k v sales £2k, if what is listed as purchases and sales correct, which not always the case.

So far, not resulted in any movement in the SP. Me thinks it needs a touch of WD40!

According to the historic RNS's, Rio currently has 19.9% of the issued share capital.

It has circa 9M of Unlisted Performance Rights (UPR's) expiring 31/10/25 (coinciding with when DFS should be completed and issued). If these UPRs are successfully converted to ordinary shares, whilst the issued Share Capital would increase marginally, this would take Rio to over the 20% threshold.

Does this mean 31/10/25, is likely to be the latest date by which RIO will make a voluntary takeover bid for Sovereign before its hand is forced by it's stake in the company, or is my understanding incorrect?

Way above the recent daily average of trades today. Also some sizeable trades. All positive for the SP, although UK did not mirror Australia's move upwards.

I agree will be interesting where the SP goes from here. Like another poster, my further top up this morning showed as a "sell", so we cannot always take it as "read" when it appears as a "red"! Debated if I should top up, as usually only do on the dips but going forward, there may not be many more!

I concur ICB888. Slowly been accumulating on the dips but do not expect many more dips going forward.

Just a matter of time before someone makes first move, likely RIO but I can wait. If management team choose to go ahead, that's fine with me as well, with their track record.

As I believe Oliver in Miami (yesterday and today) at the mining event, with lots of 121 meetings lined up, could be interesting on the OTC this afternoon and next week.

Hopefully, more RNSs to follow in the coming days and weeks.

With Rio holding just under 20% and many other long term PI's like myself, also holding considerable number of shares, few sellers around. Primarily, as it is a waiting game. If Rio do not make a full bid before Sovereign's excellent management team have commenced building the full plant (they have previous experience of large projects and of sourcing the level of funding required) I for one will be happy to wait for them to progress this on their own, with Rio as minority partner.

Unlikely BHP, Anglo American or Glencore would enter the equation, so my view between Rio and Sovereign management team but could be wrong. DYOR.

Correction, 2023 accounts, not 2033!