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2.75%

56.0¢ sovereign metals limited

another great analysis by 2ic

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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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(20min delay)
Last 56.0¢		Change 0.015(2.75%)		Mkt cap ! $309.6M

Open	High	Low	Value	Volume
54.0¢	56.5¢	53.0¢	$246.4K	452.0K

Buyers (Bids)

No.	Vol.	Price($)
5	29734	56.0¢

Sellers (Offers)

Price($)	Vol.	No.
56.5¢	9964	1

View Market Depth

No.	Vol.	Price($)
5	29734	0.560
2	21727	0.555
3	10363	0.550
1	3600	0.545
2	3634	0.540

Price($)	Vol.	No.
0.565	9964	1
0.570	60973	3
0.575	18500	2
0.580	34200	3
0.590	104678	3

Last trade - 15.40pm 24/05/2024 (20 minute delay)


Last 57.0¢			Change 0.015 ( 4.59 %)
Open	High		Low	Volume
54.0¢	57.0¢		53.5¢	64627
Last updated 15.57pm 24/05/2024 ?

SVM (ASX) Chart