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1.47%

51.8¢ sovereign metals limited

Ann: Kasiya Pre-Feasibility Study Results, page-8

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halo_3000

721 Posts.

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28/09/23

14:14

Post #: 70076100
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Originally posted by 2ic: ↑

Sorry, forgot to update position. Sold some on open and after for small loss, still hold some, no big bite. So much of the project now relies on graphite which currently trades about US$600/t or half the PFS assumption. Not big fan of graphite longer term if/as graphite anodes are ultimately replaced by better battery anode alternatives. I like rutile, although at ~600.000tpa global production, Kaysia would add another 35% to global supply which wouldnt do anything for the natural rutile price.

At this stage I suspect RIO's interest is holding the price up. RIO makes this a simple binary gamble imo, certainly with this sort of capex requirements. If RIO gets comfortable with Malawi and the project, graphite market etc, then they probably take SVM out. If RIO gets cold feet and doesn't help develop it, then confidence will be shattered and that funding hurdle becomes a Himalayan mountain...

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another great analysis by 2ic

SVM Price at posting: 40.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 51.8¢		Change 0.008(1.47%)		Mkt cap ! $289.9M

Open	High	Low	Value	Volume
51.5¢	52.0¢	51.5¢	$30.92K	59.83K

Buyers (Bids)

No.	Vol.	Price($)
5	62177	51.5¢

Sellers (Offers)

Price($)	Vol.	No.
52.0¢	181993	3

View Market Depth

No.	Vol.	Price($)
5	62177	0.515
6	122406	0.510
7	65500	0.505
9	153222	0.500
3	55049	0.495

Price($)	Vol.	No.
0.520	181993	3
0.535	1800	1
0.540	120000	2
0.545	11600	2
0.550	296200	5

Last trade - 11.25am 10/05/2024 (20 minute delay)


Last 52.0¢			Change 0.008 ( 0.97 %)
Open	High		Low	Volume
51.5¢	52.0¢		51.5¢	9940
Last updated 11.48am 10/05/2024 ?

SVM (ASX) Chart