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Achieving 200k in the next few years would be through an acquisition or merger. No debt and lots of cash opens up options.
'But we continue to look to grow further in a financially prudent manner. Our vision is to become the premier, Brazil focussed, gold growth company generating superior returns to our investors. In parallel with organic opportunities, we continue to explore appropriate corporate opportunities to accelerate our objective of transitioning to a 200,000 ounce per year producer over the next few years.'
The next few years?! I think that's pushing it but get to even 100,000 ounces within the next few years with minimal additional debt/equity and show a clear path to 200,000 ounces and surely SRB would be far closer to £500m mcap than today's £50m.
You are being conservative with 20%...more like 100% with so much going right and with a big future...surely 100% more would be justified.
At current gold prices profits will double this year and I believe sp should be up 20% on current levels.
Great set of results for 2023. Well done Serabi team. Most excited about the next couple of years though and the huge increase in production. ATB
Thanks BushyTailed. and thank you too ripley94 and DPWGonzo for your replies.
Lol I see the stamp duty issue keeps catching the new lambs out....
Not all AIM is SDRT exempt, the company must apply for exemption but for some reason SRB never did.
I paid stamp duty buying via Barclays Smart Investor
Tomorrow, I will log in to my II account and send a secure message to ask about this, but they take three or four days to reply, so it would very helpful and much appreciated if anyone can check their contract notes and confirm that they did NOT pay stamp duty.
Hi ripley, may I ask which broker. I'm wondering if this is just a mistake by Interactive Investor.
Just sent email to broker .
NoelShempsky just seen I paid stamp tax .
I do not pay it on others and if it was Irish would be twice as much .
Is it AIM ?
I think you are right GoldGeezer - in an RNS from SRB - "AIM: SRB".
First thing on Monday I will be on to my broker and demanding some cash back.
I'm sick of mistakes by Interactive Investor. A month ago I complained about several mistakes they had made. They gave me fifty quid as a goodwill payment. I wonder if I'll get another.
"AIM is part of the LSE. SRB is on the AIM market. " - my contract note for buying SRB shows that I paid stamp duty on my purchase of SRB shares.
I believe that stamp duty is not paid on AIM shares, so either you are wrong or my broker robbed me.
Did anyone else pay stamp duty on buying SRB shares? Thanks.
Like everyone says this is massively undervalued and one wonders when it will shoot up to a fair valuation and what the catalyst for such a rise would be.All I know is that fundamentals cannot be ignored forever
Serabi is really very undervalued . Probably a PE Ratio of 3 and 2026 a PE Ratio of 1 . Not to mention if gold goes up further . i am sure gold has the poitential to 8 - 10000 Dollar / ounce , after making some research .
Correction 67 to 62 = approx 7.5%
Bought half the slice of 28th March back today for 62p
68 to 62 = approx 8.5% in a couple of days short of one month.
Had spare funds on acc looking for somewhere .
It's easy to see gold falling and think this SP might follow but you need to give yourself a slap in the face if like me, that happens. After the recent fall POG is still $2330, at ~10000 ounces per quarter that is around $8.5m ebitda, more than 1/7th of the mcap every 3 months.
For a company that's debt free with long mine life and low cost options to grow substantially in size it's unbelievably cheap. Staggeringly cheap.
This is far too cheap,I cannot see this being this s.p. for long,company has huge cash pile ,which is growing daily,and production levels about to be improved considerably,market just needs time to realise the truth here. I would think 150p is realistic for this year.
You cant instantly arbitrage with stocks on unconnected markets. SRB lists on three. Although prices differences may exists, base on spot FOREX, no arbitrage opportunity exists. Buying equity at different value does.
Are you unable to get another broker?
The other shares you post about are not listed in Canada, which is odd
I own my SRB shares via the TSX as my broker does not allow me to buy in London.
The volumes were low in December, but now they are trading at multiples of this.
The price in London will shortly follow as the arbitrage opportunity becomes larger.
What you have said is true,the London markets are out of sync with reality in many cases. That is why my capital is tied up entirely in the UK market ,as eventually the UK market will catch up,and to the benefit of all present investors. Time and patience is just needed. Real value will emerge.
AIM is part of the LSE. SRB is on the AIM market.
Refer to the company website investor section.