Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
Dusters are a bitter pill to swallow, I've had my fair share angs, clon eog ukog the list goes on. I have big hopes for this, famous last words I hear you say!
Recession
People don't buy on a spud anymore, too much risk.
Believe it or not I bought these at 4.87p and still have them, topped up considerably along the way and happy to take the 400pound a month divi which all gets reinvested.
I low production loss of these relatively cheap wells to bring online make this a very attractive stock to hold, imo those selling out at these prices are made and I3e are super cash rich. If this goes below 20p I will take yet another considerable holding.
of a stock doing 30-50% on spud news is long gone imo, look at clon, eog etc I don't believe this will be any different (yes, I do hold a significant amount here) I'm afraid. People are no longer willing to take the risk.
People have taken their eye off the ball which supplies all the liquidity to the market, the US 10 year treasury yield, this is now starting to spike which indicates a sell off in the bond market. It won't matter what you hold when this eventually implodes as the whole financial system will crash.
seriously, 50p takeover price? I would have thought closer to 20p, hope I'm wrong as I hold a big bag of these.
is driving this up, started on Friday with that large buy.
BGF reducing risk prior to spud, they were never going to risk that amount of capital on a 50/50 chance of success. 56m was the last count.
1p is pretty much guaranteed, it's is the selling once it gets there which is the hard bit as we all think it will go further. That said, I did take a few more and will probably continue to avg down.