Featuring shares in Mobile Streams (MOS), Nostra Terra Oil & Gas (NTOG), Octagonal (OCT), Paragon Entertainment (PEL), Sovereign Mines of Africa (SMA), Surgical Innovations (SUN), together with some share price targets.
Shares in AIM POS Sovereign Mines of Africa (SMA) have been much ramped of late on the basis that there may be a rescue investor in or buyer of its Mandiana project. Time for a reality check.
On 20th September I pointed out that Sovereign Mines of Africa (SMA) then 3.5p was almost out of cash and was ramping its shares to get a placing away. Six months later after ramp after ramp of spurious press releases we finally have the placing. The only shock was that Sovereign did not commission an utterly crap paid for research from convicted felon Charlie Gibson of Edison to help with the ramp. The placing naturally screws private investors big time ( this is AIM) and is accompanies by prize winning PR horse shit from Sovereign.
6 bullish RNS releases since September 17th. Rampity, rampity, ramp. All we need now is an independent/ paid for research report produced by uber-posh police assaulting pisshead, oops I meant to say respected mining analyst, Charlie Gibson of Edison setting a telephone number target price. Then Private Investors could get totally screwed by Sovereign Mines of Africa (SMA).
We have had the pump now when’s the dump – the placing of new shares ? It is now only a matter of time for AIM listed Sovereign Mines of Africa (SMA) which at 3.5p is valued at £8.3 million. The company is clearly sub scale as a gold explorer and its cash position is dire. Come on Sovereign – it’s time to fess up: how much will you be diluting shareholders to hell and when? I am sure that your slimeball broker Jerry Keen of Shore Cap is already on the case.







