Used to be Webshareshop and changed it's strategy to mineral investment a while back. Been up and down of late but looks set for growth again, good news flow this am and at last results, could hit 18p imo by xmas, no reason not given it's discount to nav, not it makes a profit and has positive, think it was just over a penny eps.

Thanks for the report, Andy.
Alan

Alan,

My pleasure.

excellent Andy, cheers

locking in profits already!

On the march again

Good news coming? small tree shake in preparation!

ellio,

Could be very good news, if CDE do manage to conclude and bring home the Pechora Energy deal, SVE will certainly move if that happens.

They could announce at any time now.

Everything crossed!

Looking ver cheap again, 35p min target!!

ellio,

Not without details of the CDE deal I fear.

A lot now depends on the price CDE can raise capital in the city to fund the Pechora Energy purchase, and move to AIM.

If the price is around the current level, it should be ok, but if the price is at a sizeable discount, then SVE would suffer in the near term IMO.

Good points as always Andy,

Do you think sve will add to its holding? they have the money!

sve have just picked up another 15million shares in INDY which is steadily rising-that seems to be flavour of the month at the moment. If CDE float on Aim it may be a while before they get going but I'm holding for the longer term.moved out of SVE for the moment hope I'm not left behind.

ellio,

Certainly not, (IMO), it's too big as a percentage of their (SVE) portfolio already IMO, but you never know, Bruce may take some to maintain the percentage holding they have, but I would think he will offload some when CDE trade on the AIM, as he has to diversify the risk.

CDE has done far better then Bruce thought in the time frame, so whilst I expect him to keep a large holding for the longer term , I think he will reduce CDE, as he has done Afplats.

A lot of SVE holdings are illiquid, so in order to rotate his investments, Bruce can only trade the more liquid ones.

Andy,

For the record I think CDE is a very exciting opportunity!! I believe they are playing it down a bit because they want to get people(city) on board at reasonable level and at these levels things look very attractive, the potential could be massive?

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Fall seems a bit overdone imo, not sure whats driving it down??

ellio,

Maybe CDE falling, but it doesn't bother me as i'm getting ready for a top up.

Looks like SVE being affected by CDE more than expected, meanwhile other assets continue to sparkle, Sunrise diamonds doing nicely?

SVE, becoming a bargain, will top up and add cde once they turn, probably 23p and 8p respectively imo

Going cheap, nav surely around 50p, soon be able to issue divis etc, 10x p/e

they want the stock! 40p+ by june imo if everything goes according to plan with cde

way too cheap!

40p target