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Sovereign Mines of Africa

05:00 on 23/11/2017

Current Price 0.26p | Bid 0.23p | Ask 0.28p | Change 0.00%

Company Overview

Sovereign Mines of Africa plc is a mineral exploration company incorporated in England and Wales. At the end of 2007, the Founders saw an opportunity to pool their collective expertise and experience in order to form joint ventures for mineral exploration with governments in Africa. The Republic of Guinea in West Africa was identified as the first target, and this ultimately gave rise to the establishment of the Company in 2010. The Company entered into a cooperative joint-venture with the Government of Guinea (the basis for which is referred to in this document as the Sovereign Partnership Model), pursuant to which the Government of Guinea was granted a 40 per cent. equity stake in SMG, the operating company of the Group. The Directors believe that this gives the Company an unusual advantage compared with other small exploration companies in that it has been able to acquire five early stage substantial and highly prospective gold properties, covering a total of around 3,600 square kilometres, any of which could, in the Directors' opinion, become a significant gold asset. The Company also has one diamond Exploration Permit in Guinea covering approximately 500 square kilometres.

Stock Details

Shares in Issue 860,858,850
Market cap £ 3.27m
Sector Mining
Indices FTSE AIM All-Share Index

Financial Highlights Year Ended 31/12/2013

Turnover £0.00 million
Operating Profit £-0.93 million
Dividend Yield 0.00
Dividend Per Share 0.00
Dividend Cover 0.00
P/E Ratio -0.84
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Key Personnel

Nathan Anthony Steinberg Finance Director

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Price Summary

Mid Price ? 0.00p
Bid Price ? 0.23p
Ask Price ? 0.28p
Volume ? 0
Change Today 0.00p
% Change Today 0.00%
Open 0.00p
Previous Close 0.27p
Intraday High 0.00p
Intraday Low 0.00p
52 Week High 1.78p
52 Week Low 0.12p

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