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Will be a much better year for SRB.
2021 filled with bad news which I don't need to repeat.
This is one of my biggest holdings here. When you see the SP at a low like this it's best to relook at the fundamentals.
Debt free, positive cash flowing business. Multiplie exploration targets, palito operating well. Coringa mine in development work as we speak.
Anglo next door, m&a in the gold sector, its all positive. You can clearly see that there is a seller as there is regular big sells.
Imo, we'll trade sideways unless we get a brilliant q4 report or the coringa license for the plant is given. Stay strong.
I agree with Doc here. The feeling I'm getting from chf is that they're not focusing on Cyprus as their main focus. Limni will be interesting. If they can declare a rescourse and get into a low capex production that can fund Canada division then it will work. Otherwise they're gonna have to find some mega grades when they drill Canada otherwise we'll be diluted out of any return.
I like Cyprus and I like Canada, but the risk of being diluted out is big.
For now I hold and of course I'm eagerly awaiting to hear news of tsx and flowthrough.
It is bonkers Metal head.
There's been a seller in @Serabi_Gold which has been selling chunks into the market. Company is worth £43m and has £11m in cash. It's debt free, producing FCF from it's Palito complex and is currently constructing its new Coringa Mine.
Company has a big exploration program underway looking for open pit scale opportunities.
Anglo American right next door.
M&A potential.
See link below for image of AA next door.
https://twitter.com/man94_con/status/1474342739508613120
Right now, in my view
Cheers Adam. Just bought more shares based on what you've said.
haha only joking. Thanks very much for the summary. I would agree that it seems a massive overreaction from the market.
Merry Christmas to all Serabi holders. 2022 is going to be a spectacular year.
Further more the ruling says SRB just have to show it wont affect the community. This is where community work and £ comes into it.
Deffo a storm in a teacup and people are acting like Coringa is the be all and end all. Palito is a very successful operation.
People watch the SP too much, me included.
Business is sound, contracts will be won, and there may be times where no news is released but with CF I know he's working in my best interests.
People wanna see 50p tomorrow. It aint gonna happen. Relax, trust your research, trust the bod and come back in six months. Been here since 6p - full faith in the team.
Absolutely.
Since this whole thing kicked off, I've always believed and continue to believe that a 'Virus Defence' for every country will now become part of national defence, just like Navy, Air etc. We can see how bad this virus has affected the world. Only take some nutter to create one that is more fatal and we'd be in the mud. Going forward I expect to see the likes of Russia, China, UK and the US to spend heavily in this space. If that comes to fruition which I believe it will, OO is excellently positioned to capitalise from Western Defence investment.
ah fair enough adam, I've of yet not been involved in any delistings or fraud so I probably have a bigger risk tolerance compared to you, being involved in three.
Anyway, good to see Serabi push on. Hopefully we can get some news on when the rab is going to blast these 6 OP targets as I don't believe this has started, but if anyone could prove otherwise then please go ahead.
The whole accounting thing was blown way out of proportion. I took advantage buying in the low 60s - Hum has great promise but they don't know how to operate a mine successfully.
SRB know how to mine, their problem has always been with comms.
Well the first compressor was supposed to be fitted in the third quarter. So when we get the update that should confirm if it was indeed fitted. the second compressor should be Q1 22.
The pump in Tunisia is a bit more wishy washy. Should be completed by end of the year, but who knows, maybe it will be done when we get the next update.
I think 6p is a bit steep. 70m for 2k boe/d which this is dropping, with no obvious route to seriously increase this at the moment. However, I think 3.5/4p would be fair value right now.