Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Overall Average:
80% BUY
Say these guys https://www.barchart.com/stocks/quotes/SRB.LN/opinion
It will be interesting to see the increase in gold price dropping straight to the bottom line...
10,000k oz? That's quite a lot.
Buyers returning after the over done sell off of the past 2 days on the Vale news which is peripheral to Serabi's main business of gold production . With hindsight it might be seen as a good thing to have the news out of the way ahead of Q1 production results which should be very encouraging (10,000k oz?) and getting the year off to a good start with much improved cash flow and confidence in the ramp up in production this year/next year.
Results were 19th last year so not long
So much to look forward to. Gold price is transformational. Still around half the price of 2-3 years ago. My conservative and realistic target is 150p this year.It seams only results will be good enough to get it there. Results soon.
Support at 55p
Forgot Serabi report in $ so it will be around $357k increase in the quarter based on previous calcs
Looking at quarter 1 2024, took a mean gold price increase of say £225 multiplied by 5000 which is annual expected increase gold mined divided by 4 to give quarter increase in revenue of £281k or £1,125,000 additional over the year though that requires the gold to remain at it current price and for current grades mined to be maintained. Obviously very rough estimates but I will be interested to see how close I got when they publish quarter 1 results
Hoping not as I too bought in today - previously in at 38p so kicking myself for coming out previously but with Gold price continuing to rise - hoping revenues beat forecasts
Back in, modest stake bought just now for 61.3p.
Yes it might go lower for a while, who knows? In the longer run I am to hold until 100p prob in early 2025.
I got impatient and added at 61 this morning...Better than yesterday, and gold higher again today.
I will certainly be buying more if this hits 60p! Sheer insanity for it to drop 10p on news about the Vale partnership when gold is at 2350 and they are printing money
Can anyone tell me if any of the gold is hedged?
Big support at this level as should be well north of 100p....possibly 150p+ by year end
I put in a fill or kill to sell my holding this morning.
Not because I think this is terrible news but because I had cleared 130% profit, SRB was my largest single holding and it was about time to take some profits. I will almost certainly buy a smaller stake later this week.
I can't remember from the original RNS, if Vale withdraw does that mean they maintain any residual rights/claims over the areas they have drilled?
Anybody remember?
The dip being strongly bought into
Can't buy anything at the moment. NT even for 1000 shares!
The dip
Agree with you ViciousHippo. Only thing that matters here for the foreseeable is gold production. And should get 1st Q results within the next week. ATB
To summarise the RNS - Matilda drilling so far hasnt really uncovered any copper worthwhile for Vale. There is a little gold in the area, but it's mostly not significant, notwithstanding the 18.46 g/t in one area. The news therefore is there is not going to be a significant upside on a copper partnership with Vale, but that was never priced into the shares anyway.
This RNS is neutral for existing Palito and Coringa, which remain undervalued at the current share price...
Minor news today as the gold is what matters at the moment for our profits and cash generation,and that is still to be priced in to the s.p.
“Whilst Vale have, during this week, informed us that they wish to withdraw from the exploration alliance, we do have a number of other groups keen to partner with us on the exploration for copper mineralisation. We remain excited, and these other companies seem to share our optimism, for discovering commercial copper porphyry mineralisation in our Tapajos tenements. We have very much enjoyed working with Vale and from Serabi’s perspective achieved a key objective of significantly advancing our understanding of Matilda as well as identifying other potential targets for copper porphyry mineralisation during the past 12 months”.
Vale leaving exploration agreement....bad news imo.