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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.
RNS confuses me - lots of info - meaning what exactly?
Cash would be more negatively affected if we didnt buy one
Cash will be negatively affected by the ore sorter for coringa. If I recall it was around $15m I may wrong. Nonetheless, this is a good investment and shouldn't be a negative
I think I estimated previously about 2500 ounces of gold stockpiled/yet to be sold so that would be worth more than $5.5m now.
There was also a sizable some of gold unsold at end of Q4, that will add to cash.
38-40k Oz target for 2024 production. If they are well in to the G3 veins and the grades hold up according to the reserve plan, then I'm expecting a 5 figure production number, or close to it IMHO which in turn will send us up towards a £1.