from a german Mining Letter...

from a german Mining Letter :
https://www.minenportal.de/artikel/528532--Sovereign-Metals-Ltd.~-Der-Markt-im-Rutil-Sektor-scheint-umkaempft.html


Sovereign Metals Ltd.: The market in the rutile sector appears to be competitive

Sovereign's news flow has improved recently and it is repeatedly emphasized how good the cooperation with Rio Tinto is. It is unusual for a major company like RIO to work so intensively intensively with several full-time employees in a "capital investment" like Sovereign Metals so intensively. There is more to this than meets the eye and the changes in the in the rutile sector should not only keep interest high, but should significantly increase it.

As reported, Sierra Rutile has halted production in Sierra Leone and threatened to stop mining there completely completely if no agreement can be reached with the government. with the government. Around 20% of global rutile production could be lost indefinitely. indefinitely.

Now yesterday there was a hostile takeover bid for Sierra Rutile (ASX: SRX) yesterday. A company called PRM Services LLC, which has already bought 11.46% of the shares, is now offering AUD 0.095 per share in cash.Management has advised shareholders not to accept the offer.

Today followed immediately by a 249D from the "aggressor", in which the removal of the current management at a new Annual General Meeting to be convened. to be convened.

Conclusion:The market in the rutile sector appears to be highly competitive and the faltering Sierra Rutile has immediately found a willing buyer. The offer appears to be very opportunistic and the share price immediately rose above this first above this initial offer price.

Today was immediately followed by a 249D from the "attacker", in which the removal of the current management at a new Annual General Meeting to be convened. at a newly convened Annual General Meeting.Conclusion:The market in the rutile sector appears to be highly competitive and the faltering Sierra Rutile has immediately found a willing buyer. The offer appears to be very opportunistic and the share price immediately rose above this first above this initial offer price.It shows how tight the market is and while China has no rutile deposits of its own, Western countries want and need to Western countries want and need to secure supplies for the next few years and decade.

Sovereign therefore remains one of my big favorites.