Member Info for 1755

The main con of Serabi is its tiny size: £35.44 millions, that makes it hard to get in and difficult to get out.

http://www.investing.com/equities/serabi-gold-plc?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

The advice the Doctor (who is me) gave to me was: don't rush and take a look at page 23 from Serabi's presentation Nov 2023 because there are some miners ideas that could help you choose and do your own research.

https://serabigold.wpenginepowered.com/wp-content/uploads/2023/11/Serabi-Gold-Corporate-Presentation-Nov-2023vFinal.pdf

Thanks a lot for the information about Serabi Pacifico. I appreciate it very much because I'm expecting a gold bull trend, starting in a short period of time, that should last few years (take a look at the botton link)

Shanta is one of my bets on the moment, but this takeover is a bad taste joke that changes everything because, in my opinion, Shanta shareholders are going to be set aside from the comming gold bull trend.

I dont want to lose this comming chance and I'm moving on looking for alternative promising gold miners.

And Serabi could be one of them.

I have shares of Fresnillo, SilverCrest and Kinross already and I'm evaluating Serabi, NewGold, IamGold or whatever in order to replace Shanta.

Any suggestion?

https://www.kitco.com/news/article/2023-12-19/gold-set-explode-higher-2024-only-question-how-high-prices-will-go-analysts

As a consequence of the takeover, Shanta price is going to be stuck for months.

I don't want to lose the coming Gold bull trend. I'm not going to sell shanta but put new money in a Shanta like miner. And Serabi could be the right place. What do you think about Serabi?

Any other proposal?

Saturn are not stupid.

Tanzania mines that are functioning have 595,000 proven reserves. They are priced at $140 per ounce. This gives a value of $83.3M. The resources at a conversion of 50% to reserves amount 1M ounces at the proven reserve rate and the net value is $140M. The West Kenya resources without a mine valued at just $40 an ounce as indicated resource are valued at $45M. The grand total value is $268.

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That's to say: Shanta makes 7% profit per buried ounce.

But if Shanta unearth those ounces they will make at least 15% profit per ounce.

And gold is heading to $ 2,500/ounce in few months and reserves updates expected in a few weeks for both Tanzania and West Kenia.

This takeover is unfair.

On the other hand, Barrick sold west Kenia under these conditions:

"The project is estimated to hold 1.18 million ounces (Moz) of gold grading 12.6 grams per tonne (g/t).

Valued at a total purchase price of $14.5m and a 2% net smelter return (NSR) will be with Barrick over the life of mine"

https://www.mining-technology.com/news/shanta-gold-acquires-arricks-gold-project-kenya/

I don't understand this kind of URL: https://*****************/gmb9wdf56ta4ettiidpegs

Is It a right URL? Does It really runs?

Correction:

Feb 24: 2,080

Gold Futures Contracts prices, in $.

Jan 24: 2,064;

Feb 24: 3,080

Mar 24: 2,093

And take a look at the gold futures contract for coming months:

2,074 March 2024;

2,113.6 August 2024;

2,145 Dec 2024

I'm going to vote no. I have 125,000 shares.

It doesn't make sense to sell Shanta right at the beginning of a gold bull market.

Three reasons for that, in my opinion:

1st. The Board are all stupid;

2nd. The Board is disloyal to the shareholders.

3rd: A mixture of 1 and 2.

Take a look Ag this video: https://youtu.be/LLSt6sIT_Hc?si=X6tcIbibwyE6mt2Y

Somethig corious:

https://www.mining.com/costco-sold-100-million-worth-of-gold-last-quarter/

Not yet.

However Fresnillo is 6.86% Up.

Last Sunday night’s punch up in the Hong Kong Gold Market cost “someone” about USD$30b

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That's a lot of money

Last Sunday night’s punch up in the Hong Kong Gold Market cost “someone” about USD$30b

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Check this out HarChris

https://www.investing.com/equities/newmont-mining

Interesting point booboou

https://www.lbma.org.uk/prices-and-data/london-vault-data

Silver stock at LMB is below 1 year world whole production (1,000 million ounces)

Gold Stock al LBM is above 2 years world whole production (112 million ounces)

IMOV, silver is going to be squeezed earlier than gold.

Hi HarChris,

In your portfolio there are small British miners.

I'm taking about big ones: NewMont, Barrick, First Majectic, Hecla, Fresnillo, New Gold, Kinross and so on. Take a look at their balance sheet and you'll get the main idea.

Agnico is a pretty nice exception.

And I love this one : SilverCrest Metals

And what about PERs and debt?

Taking a look at others gold miners balance sheet I noticed that almost none of them are making profits (hight or negative PERs) and/or are highly indebted (miners working for banks or streamers). That's not the case for Shanta Gold.

However, the main con for Shanta is its tiny size that makes Shanta uninvestable for most funds, ETFs and big investors.

But, on the other hand, this is a huge pro for small investors that can get into and ride a small size hight prospective miner.

I agree. That's the way It is the case of gold, siver, copper, and tin, oil, etc.