The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Launch of the updated website and commencement of trading on OTCQX. Be interesting to see if there's much activity over the pond today. GLA
... and $30m+ EBITDA is far from out of the question this year with a little further strengthening in the price of gold, something that's reasonable to assume given the state of geopolitics at this moment.
As long as POG remains supportive we are talking a (virtually) debt free miner churning out 38,000 - 40,000 oz next year at an AISC of ~$1400 and by the following year a debt-free gold miner producing 50000+ oz at an AISC probably more like $1200.
A $45m mcap is bonkers given the fact Serabi could well be being forecasted to make that in profit this time next year!
Yes the recent increasing volume on TSX is encouraging. Perhaps the newly hired VP of Investor Relations & Business Development who is Toronto based is already bearing some initial positive fruits via his local business community networking to be getting more eyes on Serabi in Canada.
It will likely be at the big annual mining conferences that are based on the American continent (covering North/South America, Canada, etc) where he will add the most significant value to Serabi where they have needed someone in-situ to enhance their visibility amongst the large number of mining Companies on the Canadian stock exchange.
Could be that in this coming year where the BOD can foresee having lots of positive news, that hence they are seriously pursuing for such measures that act to promote to drive up the share price towards its true value.
https://ca.linkedin.com/in/andrew-khov-cpa-ca-cfa-a020bb41
Afternoons now seem to have a strong buying bias towards them and have moved the SP North in the last few trading sessions. Possibly a TSX buying dynamic when that session opens Toronto time.
Considering all metrics on TSX comparable companies have much higher SPs than ours, bodes well if this is it / can continue.
Gold $2055. It's been slow climbing all year so far and is now not far off highs in November and December.
Gold’s Big Move
Graddhy out of Sweden: Posted this very big picture chart first time back in 2019. Still on track.
And, it now has another blue consolidation pattern breakout.
My minimum price target is still the same as back in 2019:
Gold $10,000 – $15,000
Get ready for a global shift.
https://kingworldnews.com/price-of-gold-headed-to-10000-15000-but-look-at-silver/
Expected a red day today after the 30% rise yesterday, but very happy for us to finish blue! 👍
@formerlyeasyp now that would be fun to see. If this hits £8 a share we'll have to make it happen! 🤣🤣🤣
Lol yup, number of shares matters! Ppl forget all the dilution to get here
How about Robbie Williams as player manager for Port Vale?
I would buy a season ticket to watch that!
This company has never been valued at 80,000,000 x £8!
90p is however very realistic in 2024, and if 2024 is a good year then this will no longer be a penny stock!
I like your enthusiasm Ilovesushi but lets keep things realistic and rational. Your £8 is on a par with Robbie Williams buying Port Vale...
Really excellent day and finally the pay off for those of us that bought in the 20s earlier this year with what seemed like an unjust disconnect.
I think there's room to kick on another 50% over the coming weeks.
Licence renewal or extension lifts all past concerns. All upside now. Next stop 60 pence then on to a fair price of 90 pence. Lets not forget this used to be £8.00 so cheap at 90 pence. STRONG BUY BUY BUY BUY
Sliced at 50p the 20/4/22 first top up below.
Set a little higher then the first thought at 9.30am, before heading out.
Executed 11am fell back few times to 48.7p but closing a higher then 50p up 30% on the day.
Interesting couple of days....
I continue to be perplexed by market reactions. The first RNS I did not think bad yet the share price dropped. Today's RNS was expected albeit not guaranteed but the sp rose 30%.
My personal view is that a fair price for SRB is back up at 100p not 50p. With more bad geo political news we might hit 100p this year.
Close over 50, 60s tomorrow ;)
Apologies for pickiness Ilove, but isn't it actually a 20-month high?
Sterl, well done on your top up: on Monday I trust? (No fash, no one can hit it right 100%)
Not currently invested here.
I had a little top up 2001, fingers crossed
Rising higher now. New 2 year high.
£8.00 10 years ago
No need to ramp this ilovesushi. Fundamentals will do that. ATB
With the possibility of news tomorrow (7 days will be up), I think we'll get a rally this afternoon. If you're interested in HE1 then you won't want to be out overnight.
If the news is good (which I expect) then the sp is anyone's guess!
60 pence is coming. Then up from there. No licence worries now.
It is going to 60 pence. Pause then go up to the price it was 3 years ago. 90 pence. More upside. STRONG BUY. Good luck guys.
100% upside. STRONG BUY