It's all sounds a bit fake to me. Sprott takes a stake in a said company - 6 months later engages two of his employees (probably don't even know where Malawi is) do a research paper to pump it - in which they themselves state "whilst it's to early to evaluate Kasiya (which of course it bloody is) we will anyway by comparing with totally irrelevant African mining entities/commodities - why? because that's what we are paid to do - self promote - no different I guess to many companies that pay for this type of lip service through broker reports.
Seriously - SVM are doing an excellent job in progressing their assets and promoting with various road shows and presentations and critically - being transparent. Sprott - like all brokers cover it for their own personal gain as brokers are renown for buying stocks at times - accumulating then pumping by way of reports/coverage then dumping and taking advantage of their clients by charging fees and cleaning up on selling leaving clients holding sfa. Sorry - not a fan of these usually paid for broker reports (at least we got a free one here I assume) let alone one that is from a company already invested in the company they are covering. Anyway I didn't bother reading the lot - wonder how much they talked up Malawi!
Nice volume today again. Capital raise very soon for Sprott and the gentleman's club. Really need a serious insto/fund on board - could happen.
SVM Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)