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Surprisingly cheap with PE Ratio (f) of 3.9. Serabi Gold's PE Ratio (f) is ranked 4th out of 43 companies in the Metals & Mining market.
Listed in the super stock category on Stockped.. and shown as passing three long term hold screens.
Looks to me an institutional holder unloading blocks of 25k shares.
Waiting for a bounce back shortly.
Gold nearing$2400 got to be good for Serabi.
Exactly donmac focus on the cash generated and ignore the noise where applicable.
This quarter SRB will be making ~9250 oz x ~$800 margin = $7.4m /£5.8m cash. That's 14% of the current valuation, in one quarter, for a company already sitting on a net cash position. That's 42% of the current mcap in three quarters, by the end of the year. That's probably 75% in four quarters when you factor in the uplift in production 2025 onwards.
The numbers are massive and will increase considerably once (if) the licence is approved, yearly cash could end up exceeding today's mcap as soon as 2026.
"Focus on the cash being generated" ......
And ignore where it's being spent and for how long.
Bushytailed. For the benefit of posters on this site, who think you have no knowledge concerning present events in the company,could you please elaborate on your last statement,as we fail to understand your points ,or see any worthwhile points being made. If you could oblige by putting some meat on the bone,I feel it would be much appreciated. Thank you
It's not, unlike HUM, going towards paying down massive debts.
Now there's a case to be made for almost all gold miners currently vs current gold price but it's strange for you to be so fixated on the fact that yes, SRB's cash will go towards building out Coringa rather than into the coffers. But we're talking building to a 100k oz operation largely self funded, what's not to like?
And you are wrong in what you are thinking. Only modest sums are going towards Coringa at the moment and that will mean probably 110k oz production over 2025/2026 (50 + 60), irrespective of the full licence being awarded.
Now it will be well before then that a decision is made so only larger capex will be spent if there's definitely going to be a return to be had.
Yes there are some uncertainties but as just pointed out, you're invested in a miner that's currently barely operating in its flagship mine so you're obviously no stranger to risky investing.
And that's no dig, i'm just highlighting that each of these miners come with risk. You choose yours and I choose mine (THX and SRB for me with HUM on my watchlist).
I consider HUM much riskier at current valuations due to the short term uncertainty and debt but that's simply a personal subjective opinion.
HarChris. You are spot on with your views. We have had some posters turning up with no knowledge and just an agenda to "bash",but unfortunately for them,SRB is difficult to "bash" given prospects,cash in bank,gold price and cash generation. They have proved with their "30 rules of good bashing" what their agenda is. HarChris keep your sensible and knowledgeable posts coming ,as you are totally on top of the numbers involved.I find it hard to keep track with the rising gold price changing the numbers up so quickly.Thank you.
Looks like mr 25k sellers out for the moment big bounce incoming!
Harchris... The fact that you don't understand that debt deleveraging is actually an accrual is worrying.
I posted exactly what would happen and why and four weeks in advance too. Only a fool would keep pretending that they're right.
I'm afraid as is the rule for fools, in to the green box you must go. Good luck on your journey of discover as to just how important technical and fundamental analysis actually is to your mental health as well as your wallet health.
That’s genuinely a major relief. I try to be polite and answer everyone and as a rule don’t filter so having a nonstop back and forth like this would be pointless.
If you think paying down debt is a better situation than not having debt to begin with and having all cash directed towards expansion then you really are a bit hopeless.
Deleveraging is good, not having to deleverage in the first place because you aren’t heavily geared is better.
Bushytailed. You have really illuminated your position very well again. I am sure posters on this board will be so much better educated with your obvious knowledge.....Thank you for your keen observations and deep knowledge expressed in your last post the detail of which is truly impressive!