Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Https://www.mining.com/new-tesla-low-voltage-system-a-big-deal-for-copper-says-musk/
SWS reports a target price reduction from 72p to 66p.
Personally I would be relieved to see that we can reach half that to show that there ia life in the share.
GLA
Thank you JG.
Methink it's an AI generated article or the writer must be on the spectrum. No issue with the spectrum to be clear, just noticing the anodyne writing style.
It's quite generic, would probably work better with more liquid shares with predominant institutional investor presence.
Or two days ago
Sure Quady. This is the same article that Ortherncopper posted yesterday.
Right now buddy, we are positively trying to spot a light at the end of the tunnel, the tunnel is getting longer, we are long and running a loss but we are not selling so we look to rationalize what is going on. No roses involved.
@TalkingSense, one can discuss fundamentals vs sentiment ad nauseam, however the price is king since that is where we make an assessment, we buy, hold or sell.
I bought under the previous leadership and even after trading and averaging down, my average is around 2.5. I bought at those levels because I expected to sell at 5p or 10p or 20p, on stronger fundamentals.
If the company has not delivered, the value of the fundamentals gets lower and lower, today you can buy on those fundamentals you listed for 0.5p, which is just not cutting it for those who were sold the fundamentals at 5 times the price.
You can definitely take a contrarian view and buy now, but given the history even at this level it's a risky proposition.
If I was down 20-30% I would just sell, being 80% I think I just need to wait it out in the hope that some "fundamental" progress actually materializes.
I have to say, this year (and last year for that matter) my juniors portfolio is a thing of nightmares, I only managed to come out of PREM with no losses but otherwise SOLG, OMI, ECR, COBR, ARS, SDX, HUM are really painful.
I still think this would be Plan B for SOLG, if a buyer for the lot does not come through, but the Lumina deal certainly proves that SOLG are doing the right thing by streamlining and de-risking, under the headline "Advancing Cascabel".
I just watched it, on the surface the responses were balanced but the substance is that the leadership is weak, does not take responsibility and is not really in control, they offer poor excuses when pressed to put their own money in the company, and there are hypotheses and scenarios about the future but not a real executable plan.
I am horrified at my investment prospects, and I very much hope I am just being difficult and there will be a material turnaround in the next 12-24 months.
GLA
Thank you, DBW
Does anyone have access to it?
https://www.m****g-j*****l.com/copper-news/news/1452872/solgold-seeking-phased-cascabel
Thanks Pad. You have a special search engine, I don't k ow how you find this stuff. Let's hope it has the effect of snuffing out the buyers!
Has anyone seen news this morning?
Q, ready it first then.
As they state, the SR "includes exploring and pursuing opportunities to enhance Company value such as evaluating
financing alternatives, potentially spinning out non-Cascabel assets to shareholders, selling an interest in Cascabel
at a value-justifying price, or other related transactions."
Nothing about any version of Alpala to bring to production.
Guys (or ladies...),
A lot of the relevant information has in fact been provided. Following the CGP overhaul, the company and the CEO in various interviews you have all seen, has started a process to streamline the entire operation. For those of you who have worked in corporations, especially in senior positions, you know it does take a lot of time to unwind offices, reduce headcount, re-focus the strategy around priorities and re-align the resources and the people around the new priorities. It's a matter of months, not days or weeks, and you don't RNS every other day.
Since they want to sell the company (plan A), they need to deliver a company that is not going to give the buyer a headache, and that requires some good house cleaning from the way Scott described.
So stop worrying, this is the not what we need to worry about. The real obstacles to our riches are the nature of the resource and the mining techniques that are required for extraction, the country risk, the spin-off strategy that needs to be worked out for the non Cascabel resources, the greed of both sides on the negotiation table...
GLA
In one aspect, the SR is a simple concept. Being "strategic", it is about aligning the company to a target audience, in this case investors since it has been stated that the primary objective is to sell.
The way to do that is by "advancing Cascabel", which implies various activities, from cutting costs to narrowing the priority list to redefine the resource and the costs and techniques for economical extraction, to arranging finance.
So "advancing Cascabel" is a pre-requisite to make SOLG appealing to finally elicit a bid from someone. This is plan A.
Naturally the SOLG pill might be too difficult to swallow, so in executing plan A is also a milestone for plan B, which is the case where no one buys us and we need to either find JV partners (plan B) or develop ourselves (plan C).
So, long story short, let's not confuse the strategy of cleaning up the house to make SOLG marketable (=the official line of "advancing Cascabel") with the strategic objective of develop ourselves (=what some think that advancing Cascabel means).
Than again, this has always been the idea, even NM was trying to dress up SOLG for a sale except that he did not succeed and actually made it even less appealing to the majors.
Just my personal opinion as usual, GLA.
I have submitted a couple of very direct questions.
I don't spend much time here but I hold significantly more shares than Brad and I am down 80%, so I am looking for clear and unambiguous answers, and I would like to see him invest more in the company himself.
The current situation is not excusable. While I can appreciate that he is not in full control of OMI's destiny despite being the CEO, he has shown more inclination for second guessing the JV partners (after the negative facts) than proactiveness in steering the ship and derisking the company. I am really unimpressed, but I am equally trapped at this price point.
GLA
He is filtered so I have no idea and no interest in whatever he is commenting on, however it's comforting to see that his words have no effect on us investors, so for all practical purposes he is just wasting his time. I would advise that you all filter him as well so we can all move on to better and more constructive conversations.
Eloro it would be great if that was indeed the case, but just to stay grounded, WI may have not used his words in a legally appropriate fashion.
Companies may also just open a data room for prospective buyers against a mere letter of intent that does not really constitute a binding agreement of any kind, and then the "due diligence" is executed with or without an indicative target price range.