Member Info for Danger_Mouse

My hope is that my hairline holds out until the end of 2026.

Honestly did anyone actually sell yesterday? This is an anonymus forum so please do say.

He would have closed by the end of the day. He was just being a complete ****

Net cash doubled since 2024 year-end $16m to $33m even after repaying and refinancing bank debt at a lower coupon.

The market for SRB yesterday was corrupt!

Posted by MrScruff "No negative shocks. A clean beat operationally, financially and strategically. The scale of cash generation and grade uplift is *better* than expected; Coringa’s ore sorter success now fully validated. Canada was closed yesterday. Looks very promising for the share price."

He's quite amusing.

BTW gold price going really well now: https://goldprice.org/

"im shorting" - this is the only truth GoldGeezer has mentioned all day, and has been correct on a short term technical indicator. That indicator should reverse and present a good top up opportunity to presume trend.

The EIA timeline isn’t unusual in Para, environmental reviews there routinely take 2–3 years for small underground mines because SEMAS coordinates with multiple federal agencies. If there were a show-stopper, SEMAS wouldn’t have renewed the trial permit in 2024. Everything released publicly points to a normal bureaucratic process, not hidden drama.

I will stop engaging. I've answered with facts unlike GoldGeezer.

Exactl, plenty of smoke and noise, but no facts. The only facts that matter are: licence renewed to 2027, operations ongoing, and strong cash generation. Everything else is just forum chatter.

That’s simply not true. Coringa’s trial licence (GU) was renewed in Jan 2024 through to Jan 2027 after full review by SEMAS which proves there’s no political block. If politics were stopping it, the renewal wouldn’t have happened.

Serabi has already submitted the EIA for the full Installation Licence (LI), and that process just takes time in Pará the same multi-year route Palito went through before getting its full licence. There’s no rule preventing another GU renewal if needed.

So far, every official decision has gone Serabi’s way, and both mines are operating legally and profitably. The “political stop” narrative doesn’t match the facts or the record.

Those comments by GoldGeezer are classic message-board noise misinformed and heavily exaggerated. Here’s what’s really going on.

There’s no evidence whatsoever of any licence loss or suspension only the normal bureaucratic timing risk. Licence fear is way overblown. Coringas trial permit was renewed in Jan 2024 through to Jan 2027 and can be rolled again while the full Installation Licence is processed. There’s no “two-renewal” rule.

The “local ownership” talk is also being spun wrong. There hasn’t been any forced handover or political mov, its simply how the share register evolved after Greenstone exited and Fratelli trimmed earlier in 2024. Some Brazil-based funds and HNW investors bought stock through the B3 cross-listing, which is actually a positive: it shows local stakeholder alignment while Serabi advances the full-licence process.

Both mines are operating normally, SRB has around $25 m net cash, and there’s zero indication of suspension risk. The next genuine milestone is the full-licence (LI) decision, expected late 2026, alongside ongoing drill results at Serra South and Senna showing strong upside potential.

This dip is attracting forum noise.

Just rebalance is small batches. Helps with phycology too.

Amid the current market jitters, I'm inclined to see this as a healthy consolidation. Markets had rallied strongly, and a pullback was overdue. The catalyst, however, is noteworthy. It's less about the resolution of one conflict and more about the market resuming its view on a less stable world order. The trends of rising authoritarianism underscored by a perceived retrenchment of U.S. power are introducing a persistent 'geopolitical risk premium' into physical asset prices. There will be more periodic sell-offs as cracks in the US economy show, but the ability to cut rates in the US should remain strong case for gold even if we trade sideways at 4000USD for a while.

I was in BZT about 20 years ago when I received a massive dividend for an asset sale. Looking forward to researching this again, I cant remember the directors back then but the share price tanking from £25 to sub 1p is a bit shocking.

THX is always a bit slow and a laggard due to high private investor base. Most pro traders only buy ETF of miners or leveraged Gold.

Yep thats what I get. These are my notes

2025: 40–45koz achievable now (halfway there).

2026: 60–70koz if Coringa trucking and ore sorter keep delivering by end of 2026. My base case is just 55koz.

With gold now hitting just past $4000 the low multiple at SRB combined with the large resource means the SP of these types of companies will gain more than larger cap quality companies or an index of those as well as gain more than 2 times leveraged gold in time.

Has done me very well this year

More to come?

Question: Do we think gold miners need to now see stability in the gold price within a range? - $4,000 would be nice and then to go sideways for a while. But hypothetically if it shot to $5,000 I would be worried of a parabolic bubble for sure.

Posted by Mr_Scruff on advfn:

At 1000p and based on H1 (Revenue +12 % YoY and net debt £21.6m), I get:

Adj. EBITDA +14%.

Adj. EPS +13%.

That implies an EPS CAGR ≈ 9–10 % medium term, in line with Berenberg’s reduced 5-yr forecast.

So the key numbers are:

P/E ≈ 11× Very low for a debt-light recurring-revenue name

EV/EBITDA ≈ 6.8× Very cheap versus peers (typically 10–12×)

EPS growth ≈ 9–10 % Still healthy given UK macro headwinds

At £10.00, GAMA trades like a slow-growth industrial despite double-digit earnings growth, high cash conversion, and improving margins keeps it firmly in the GARP mispricing territory.

At roughly 11x P/E, 6.8x EV/EBITDA, and still growing EPS near 10%, GAMA sits in a very rare pocket: a net-cash, high-margin, recurring-revenue tech business that’s priced more like a cyclical telco. Most peers in its space, even the cheaper UK techs such as Bytes or Kainos still trade on mid-teens to 20x multiples with similar or slower growth.

Add in 90 % recurring revenue, improving German margins, and ongoing buybacks, and it’s hard to find another FTSE-listed company with that mix of quality, predictability, and undervaluation.

(AI was used to read the H1 and output to numbers I requested, purely based on the H1 results and no other sources to avoid misinformation)