Yeah ownership structure pretty much is all interconnecting same mgmt etc and they control the vast majority of Shares in SOC so basically what they want they get in this case..
All I know is I brought SOC which assets included
-72% of Mt Adrah 770koz Gold etc
-70% of SUGEC
-100% peel fault
-78% of PMR shares
the new and twisted SOC
-57-62% Mt Adrah - MTL .asx
-100% halls peak (lead ,silver ,copper) we get three permits from the ann not all of halls peak or broken hill etc from my understanding ?
1. Sovereign Gold to acquire EL4474, EL5339 and EL7679 (PMR Sugec Tenements); Not GOLD prospects !!
-100% of SUGEC ? (may or may not get all the funding never trust the chinese)
we now go to 55% if all the funding goes ahead?
-15.5% of new PMR (which moves to more of a Gold focus)
....Basically the boys pulling the strings are taking Mt Adrah away from SOC holders this is the first move the 2-3mill funding will not last long ...much more funding will come about at likely lower SP unless the results that are released are good ...it's not hard to see by this time next year SOC will be holding much less of Mt Adrah /MTL or else why would the boys take the effort to re-list a new company new MD (not long ago came on board) etc..
Just throw the SP movement from a time we holders believed Mt Adrah was going be a monster discovery too now ....
Going forward SOC core asset will be Base metals / Silver
IMHO a Hold purely on the current market value to assets but a SELL on sentiment towards mgmt motives ....
I've got truckloads hoping for a spike to get most of my funds back >> what a bloody nightmare