Member Info for GoldGeezer

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!!

Today - UBS rating 450p BUY

I agree. I'm baffled. Great dividend, great cover, great PE ratio, great NAV vs MCAP. What's the markets issue?

The left lie to further their agenda. Ignoring truth, science, democracy and the wishes of the majority. Ignore. Vale did their DD and wouldn’t partner an illegal unethical operator. Serabi could sue and would win, however, quantifying damages would be impossible, so there is no point. It’s the investors who stand to lose, not Serabi Corp, either by selling or not investing. I suspect the timing of the local press was malicious, to deter Vale and it was picked up by the Guardian as it supports their crack pot green lefty nonsense agenda. If you believe the Guardian regarding Serabi Gold, you should question your gender, sell your car, wear a mask and get another booster jab. Good luck

Excellent new presentation on the website. Re-rate potential is compelling.

You’ve posted your admiration for Greta (CEY 2022). Enough said.

It’s fake news.