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A 60% increase in cash in hand to £11.5m! Not to be sniffed at. ATB
Yes, I did maybe 6 months ago. Risky punt but could see sp double in a year.
A good 2023, gold grades high and MRE increased substantially. What could possibly go wrong? Well it's Brasil so anything and everything!
Under TSX rules, there will have to be a Quarterly Update by months end, so by Wednesday at the latest.
It’s later than recent years quarterly results, so interesting to see if there is an operational reasons for that such as Coringa extension of trial licence or approval of installation licence outright.
The trial license has been continually extended over the past few years so every reason to assume that will happen again if all the 'remaining aspects of the consultation process' are not completed by the end of this month.
Aah, blind faith, can't beat it....
News due very soon which should be a catalyst for a rerate. Great cash position and growing by the day means this is very undervalued with little risk at this s.p.
Let's hope you don't regret it. The exploratory license for Coringa expires when? 27th? They're cutting it a bit fine...
Dumped half my position in Shanta and put it here inDecember. Last time i held Serabi i sold at 86p. Expexting a return to ptofit to accelerate things here and font want to lose exposure to gold.
Still no RNS re quarter 4 production figures? Wonder if were going to get a double whammy with the licence? Fingers crossed.......
Have been pondering over Seribi, although I have enough of them & most are due a recovery in sp. I also have observed Oriole Resources is beginning to pick up and have posted about gold in Cameroon today and has been posting good news for their prospects regarding funding etc. Had an investment in the previous company 'Stratex' & still have. They were 7p so Oriole seems very cheap although 3.86bn shares are currently in issue. But good luck with any gold investment, there is also Griffin Mining.
Watch Tavi Costa every week to his fund investors via his online presentations.
He has been banging for the last 150 weeks about how undervalued Precious metal and Latin America investments are, especially how his native Brazil commodities, indexes and constituents are so undervalued.
Sold my Serabi investment a few years back, but will start researching it again next week.
Will start reading this board again from now on…..
Anybody else on here still buying and see great value at current price levels?
Hopefully get qtr 4 results tomorrow.....normally on or around the 17th.....
Head scratcher when the value is so obvious...but...shares do girate up and down until they find their correct level...the direction is still up,and the next few months should show why...
Today's drop is a bit of a head-scratcher. Anyone identified a link?
Gold price means this is very much undervalued.With news around the corner expected to send the s.p. to over 120p ,in my opinion.This has been under the radar for too long and is only just gaining traction with investors.
Picked up a few more here on weakness today. Gold flying again today and some good news hopefully out here in the next few weeks / months on quarterly results and Coringa.
Hopefully with the likes of Kave Sigaroudinia starting to load up here also is showing a willingness for some IIs to start to come back to this sector, liquidity / momentum is desperately needed.
Bound to be a pullback at some time. Sold a third of my stock, but now content to wait for news and , hopefully, more gains in the SP. ATB
Looks like some of the money that came here from Shanta may be heading back…
It’s got to be bullish that after a near 100% rise over six months IIs are adding, not taking profits…
A combination of even higher POG alongside progress with Coringa and this really takes off. Big q1 in store.
Another very high volume day yesterday. 1.2 million to go with the 1 million on Tuesday.
It's not just Kave Sigaroudinia who is buying and increasing his holding. The buying is wide spread.
He's an investment manager at Baillie Gifford! That's a cracking endorsement of where SRB are going. ATB for today all.
Kave Sigaroudinia increased his holding to 4.2% yesterday. a 1.1% increase. ATB
Someone is buying SRB shares!
Its unclear. The trial license has expired. Production continues, which is legal, until an order to stop issued.