The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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.
Last post here, sold the reminder of my SHG shares and will top up my Serabi pot.
The talking heads actually ask too, why LSE / AIM is on its knees, this is why, there's no risk / reward to private investors anymore. This company was floated threw thick and thin for 20 years, and as soon as the going got good, it's gone private. It's a disgrace, but no one is left on this putrid index to actually stand up for investors, it's just a free for all stuff your pocket before the music stops, this being one of the more disgraceful recent examples.
I've been screwed before, so you are prepared for it on AIM.
Hood luck in your future investments.
A quid is only an MCAP of £75m or so, a long way to go. First up they need to deliver a good Q1. If they do its off to the races.
Could be closer to £1 than 50p well before the Q1 results at this rate.
It all really depends on the nextvset of quarterly results out in the next few weeks for Q1, but I see a case that at this point, we will be closer to £1 at that stage, than 50p IMHO.
Annual guidance of 38-40k Oz. That would mean Q1 results of 9.5-10k Oz pro rata. If they are well into tye planned G3 Veins, who knows. Anything into 5 figures with AISCs that follow trend, is obviously extremely bullish. Being AIM, same goes the other way if it disappoints.
Macro wise, Au is only getting warmed up IMHO.
gold going ape**** in hk morning trade. new aths.
Still got 500k shares here, and this will still be no. Its raining cash at this company now. This should be approaching double what they are offering. The next quarterly results will be nose bleed territory.
In the background here by the looks of things.
Wouldn't disagree with that, and are invested on that basis. I still expect a violent rerate at some point.
It's an odd situation, putting it middy.
The commodity that Gold miners sell is rocketing, but the SP is not, okay SRB doing okay based on recent history, but the lack of interest in miners os a touch bizarre.
Is it perhaps a deeper shift that investors would now prefer to own the physical metal over the miners that mine it? Or just a matter of waiting until the great rotation and these stocks come back into favour?
@8:25am. The 5 year high is only an MCAP of £90m or so and should be taken out if the yearly production plan is delivered. The G3 Vein they will be digging going forward has grades in excess of 10g/t, and shouldcdeliver great production / AISCs.
I'll hazard a guess and say ww won't be this price in the day the Q1 results are released. Which is a shame, I'd like the new tax year to roll round before another top up.
More farce I see. Clearly this is defeated, they just don't have the heart to announce it.
A truly appalling RNS, almost certainly breaks impartiality rules on takeovers, by a guy who isn’t even on the BoD. Stinks of desperation to boot. What happened here?
Not a chartist.
Based on the truly appalling SHG buyout metrics of production ounces vs MCAP at approx £GBP of £1,415 per ounce in production, this is still below SHG in terms of MCAP / SP. At current 33k 2023 production we should be at 60p a share approximately, and on confirmation of 40k 2024 production, we should be circa 70+ per share. These are all based on being robbed at SHG rates.
So yes, a lot of room to run. I personally think a five figure production quarter can be delivered in Q1 this year, and if it can, and confirm circa 40k ounces per year, we should be closer £1 than 50p.
All this in a sector on its knees in valuation terms.
Good catch:
https://www.serabigold.com/investors/regulatory-news-alerts/
Anything that will seeour liquidity increase, or at least trying yo increase our liquidity on the US OTC Market, is good news. New website reads well too.
Afternoons now seem to have a strong buying bias towards them and have moved the SP North in the last few trading sessions. Possibly a TSX buying dynamic when that session opens Toronto time.
Considering all metrics on TSX comparable companies have much higher SPs than ours, bodes well if this is it / can continue.
Hi, had 1m shares, sold 500k to derisk and used them to buy here. Final 500k at Shanta will be used to vote against that abomination of a deal. But I had to derisk.
Total Ore mined from Coringa in 2023 was 42,780 tonnes, so under new temp licence we have a possible uplift of 17% available to ramp up in Ore throughput. Great news all round.
Great news, 3 years licence, pending full IL and also have permission to start installing the heavy plant in preparation of full start up of operations.
60k Oz pro rata sometime in 2025 IMO.