Member Info for Danger_Mouse

We’re a sensible bunch here. Being in a 2x leveraged gold position and a junior gold mining index is actually a smart way to manage risk and should be encouraged. The larger miners offer diversification through multiple revenue streams, so they’re solid options too. Among the juniors. But lets make it clear that SRB stands out to me as the lowest-risk play in LSE listed juniors. Its not like we use harmful acid leech process or in regions not friendly to investors.

Good to see some action from GAMA and hopefully he will do better working for whatever private equity backed business has taken him in.

Natural resources are ultimately what pays the authorities. Brazil is a teir-1 location for mining. Lets not forget that.

Thank you RetiredBanker. These mining companies are full of risk over the 20 years I have followed them and tend to only hold passive ETFs to form the bulk of any exposure. It is impotent to make sure we are diversified at a portfolio level, no more than 5% or so in a single stock. As risks go on AIM, this is one of the lowest.

RetiredBanker, it’s true Greenstone and Fratelli sold a chunk in April 2025 around 135p, but that looks more like profit taking after a 12 month gold rally than a licence driven exit. Both funds had been invested for years and were heavily in the money. Starboard Asset stepping in isn’t negative either, being a Brazilian investor with local connections could actually *reduce* the licensing risk rather than imply collusion.

In short, the theory is interesting but the sale likely reflects portfolio rotation, not insider concern, and operational performance since then with record production, strong cash build and grades near 7 grams per tonne suggests the fundamentals are doing the talking.

"The Board will then continue the buyback programme to return at least 25% of profits from realised investments, to satisfy the third element of the existing CAP." - They really mean selling Klarna to buy back stock in CHRY at a discount unless they are planning sale of other investments.

I sold this when it was MERI from 80p to 220p and believe it can do it again. Stocks are in a strong bull run and the Fintech sector could be one to re-rate the most given valuations.

Frattelli seem happy to take profits on the way up rather than exit completely. They would need someone big to buy their shares and they would have done their own DD.

Fair points GoldGeezer, but that assumes the delay reflects failure rather than bureaucracy and we both know how drawn out these licensing processes can be in this region. The fact the company’s still advancing and investing suggests confidence in a full approval rather than a dead end. Until proven otherwise, it looks more like slow progress than hidden failure.

True that the current trial licence runs to Jan 2027, but that’s plenty of time for Serabi to complete the full installation licence process. The company’s already renewed it before, and the latest updates show solid progress with regulators. Nothing here limits development, it’s just the final step toward full approval. All mining activities are full of risk but as risks go this is pretty low but most investors here would have diversified. SRB however, has very strong upside and very cheap At a $4,000 gold price, Serabi’s forward P/E drops to around 4.8x, with a net-cash position of about $33 million and rising.

What I’m saying is that unless Ironknut and others start to see the future in a more positive light, the share price will never move up. Persistent negativity becomes embedded, and any rally towards breakeven will simply trigger more selling from those desperate to exit.

We recognise that many of us see the losses when logging into our accounts — but the market doesn’t care about our past entries or intentions. It’s understandable that some investors bought into GAMA to shield assets from inheritance tax; on paper, that was a rational decision. The issue is that too many did the same, creating an unbalanced shareholder base driven more by tax planning than genuine conviction. The share price will only recover once the market accepts this reality and starts focusing on the company’s future. Investing, after all, is about looking forward — not back.

Yep closed my 2x leverage gold SHORT and waiting for the proceeds...

We do have to expect volatility. A correction. Then most likely a resumption of a positive trend. Nothing is certain but it is predictable.

Over the pond SBI recovered the dip

Jammin that "2-year life" line has been rolled out for 10 years now, and somehow Serabi keeps adding more ounces and more cash.

Systematic moves against the gold price is for the managed selling by Fratelli? If so some people are enhancing returns by switching between this and say 2-3 times leveraged gold.

He could be deliberately talking down the stock to create a buying opportunity on the dips. Having been in the game for so long, he's likely resilient enough to withstand the short-term criticism for a long-term gain. He will be enjoying it. This is because nobody could take losses going short for so long.

Nail on the head - Q3 (July–Sept) is historically the most operationally disruptive quarter in Nigeria and Senegal so expect de-riskers to buy back in meaning higher share price in theory.

There is still IHT related sellers dumping close to a million pounds every day, however, there have been equal amount of net buyers at these levels.