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You cant instantly arbitrage with stocks on unconnected markets. SRB lists on three. Although prices differences may exists, base on spot FOREX, no arbitrage opportunity exists. Buying equity at different value does.
Are you unable to get another broker?
The other shares you post about are not listed in Canada, which is odd
AIM is part of the LSE. SRB is on the AIM market.
Refer to the company website investor section.
Has there been any trading on this market yet? SRBIF?
Its unclear. The trial license has expired. Production continues, which is legal, until an order to stop issued.
1 and 3 are nominee accounts who can individually vote. Id imagine most will vote against. A 75% yes vote seems highly unlikely.
Goliath - maybe so. Shanta appears to be in a strong position. Can you add any meat to your confidence about its future.
Palito is not 40,000. It will be around 24,000 in 2023 without Coringa. If Coringa is suspended, production will be reduced to 6,000 per quarter. AISC would increase significantly above USD1,500
Hippo's points are valid.
If they don't secure the full license and the trial license is suspended, the drop would be substantial unless a positive Vale update counters.
I'm not convinced. Expect good but inconclusive news on the Vale exploration, prior to negative news on Coringa. Nothing yet gives me confidence and the market concurs.
Great read, thank you. Seems SHG have a clear route to 200,000 ounces PLUS Kenya ..... if the license is secured. With realistic exploration success, this could be a major in the next few years. A potential USD1B business. I hope they can fend off buyers, but doubt it. The main question for 2024 is the price - 30p, 40p ..... 50p?
I disagree about progress but hope your optimism proves correct. All the best.
Chris - I'm listening. It hangs on the licenses, however, nothing of substance suggests it will be awarded.
Coringa can double production and we are off to the races, however, a 25% drop without it, which raises the AISC through the roof.
Lack of credibility. They need the full Coringa license, resource update on Palito and Vale exploration results progress. Nothing credible yet. Disappointing delays and lack of transparency.
Positive press;
https://www.voxmarkets.co.uk/articles/golden-opportunities-7-companies-for-adding-gold-exposure-to-your-portfolio-1ebca34/
Conman - is your maths correct? Monthly production is 34,000 / 12. AISC is USD1,465. Average gold sale, say USD1,950. I believe monthly FCF is in the region of USD1.375M.
I agree with your sentiment
Time IN is everything, if you are reinvesting the fat dividend. A low price is no problem.
If guidance remains valid, it’s extremely cheap. Q2 update is historically mid July. All being well they remain on track.
Have you calculated the value of an investment if you'd reinvested the dividends at the bargain prices. Still a bargain.
Yes, its in better shape to handle higher interest rates than the banks!!