George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Serabi sp consolidating above 60p with momentum being maintained and firm support from the improving company outlook and gold price now $2197.
The 3 year chart shows a 'W' formation with the trend reversal well established with current prices last seen 2.3 years ago in December 2021.
Look for confirmation in Q1/24 production results due in about 4 weeks time.
It all really depends on the nextvset of quarterly results out in the next few weeks for Q1, but I see a case that at this point, we will be closer to £1 at that stage, than 50p IMHO.
Annual guidance of 38-40k Oz. That would mean Q1 results of 9.5-10k Oz pro rata. If they are well into tye planned G3 Veins, who knows. Anything into 5 figures with AISCs that follow trend, is obviously extremely bullish. Being AIM, same goes the other way if it disappoints.
Macro wise, Au is only getting warmed up IMHO.
Repeating a previous post now gold has broken through $2100/oz:
SRBs five year high of 119p came in late 2020 so worth looking at AISC margin for 2020 and 2021.
2020 - $353 , 31200 ounces production
2021 - $347, 33850 ounces production
Now assuming $2100 ave gold price for this year and $1475 AISC we get:
2024 - $625, 39000 ounces
That's a huge step up from the figures posted in 2020/2021 when SRB share price was at its highs and would generate more than double the EBITDA.
And fast forward eighteen months and the target is more than 60000 ounces at sub $1400 aisc, possibly a doubling again in ebitda.
*At $2400/oz ave in eighteen months, something that's not unrealistic now, we could be looking at more ebitda than today's mcap and a debt-free self funded path to 100k oz pa - potential upside here is significant.
LOL. overvalued relative to the dumpster fire with 150m debt and a fallout with their principal mining contractor.
It's priced low because it's a dog. No doubt the asset is good, but its in Guinea which has a track record of poor delivery
Serabi had a net cash position of $5m at the end of the year, a figure that will only be rising. Genuine question, when do you expect HUM to be net cash positive?
This is far, far lower risk than HUM and still SRB have a route to 100ktpa and potential significant upside from their partnership with Vale.
HUM down 12.5% so far today after adverse RNS statements.
Debt levels & management id say.
Wow you can buy into Hum for the same mcap as here and they are doing 100koz per year ramping up to 200koz once immediate issues are sorted. Absolute gift atm. This one looks very over valued in comparison.
That was me. I was invested in SHG and SRB,as both were significantly undervalued with much upside. I sold SHG as I thought the derisory offer would put a cap on the s.p. I suggested SRB was the best place for an investment. I can see 150p this year,and much more next year....
That's meant to say SHG to SRB
What beautiful soul suggested SRB on the day when those sheisters at SHANTA announced their takeover bid?
Mate! I am up about 100% thanks to you.
As per yesterday MM's have no stock so you can't buy in size or at all. All their stock was gone after just a few minutes this morning and no sellers.
I don't know where they can get stock as it's a tight market compounded by gold going $2200.
gold going ape**** in hk morning trade. new aths.
It will be interesting to see what the market makers decide to do on results day. Send it up 20% or send it down 20%...
Either way it ends up at £1+ before the end of the year I believe
Plenty of demand for Serabi at these levels. There are few sellers as virtually all buys in the past 2 years are in profit now. MM's keep running out of stock and placing limits on quantity that can be bought.
Why?
Tamesis has a target price of 75p based on POG at $1950 for 2024 and $1950 for 2025. But if we see $2150 for 2024/2025 that increases EBITDA from $25.5m to ~ $32.5m and for 2025 from $34.4m to ~$45m, against today's mcap of $57m.
AND then it's 2026 when an even sharper increase in production is expected as seen here:
https://twitter.com/Serabi_Gold/status/1767542059995394089
It's worth noting that other brokers for other goldies have started forecasting much higher gold prices for 2024 and beyond.
In the background here by the looks of things.
According to SRB web site, they reckon on doubling production by end of 2025.
Next resistance looks like 77 pence, then on to 90 pence for another 50% rise. Well done to all that bought at 20p ish for for a double bagger.
Up 160% over 6 months.
Always said it was going over 60p.
It's down to bitcoin fever. To be fair gold miners have been a lousy investment for a long time. Bitcoin on the other hand has been stellar. For anyone choosing between the two is going bitcoin.
When it turns out China secretly controls bitcoin, people will be much keener on gold (and gold miners) again. Or maybe China turns it off as ransom when they invade Taiwan...
Obviously I'm joking, but gold miners will pick up. Just maybe not yet in the US. To be fair they are not doing badly
Wouldn't disagree with that, and are invested on that basis. I still expect a violent rerate at some point.
The whole logic to investing in relatively high risk miners (vs gold) and in particular the higher end of the risk spectrum (small caps) is to receive outsized gains if it all comes together in your favour. Right now that's exactly what's happening here, operations are improving, the regulatory framework in which Serabi operates is improving and the gold price is highly supportive... and yet those outsized gains are yet to materialise.
Still think we could have a blink and you miss it move soon though.