Member Info for gregpeck7

Pushing 1550 in early trade. Wow. Just wow..

Prime don’t hang about . Complete your position Monday am would be my advice. I think the herd will be here soon and I expect srb is going to have a fantastic week... I was talking to myself here just a year ago... things are changing fast. This is a. Absolute gem.

Tweeting about how great Brazil is and they will work together, etc .. all good

Ps holding 0.2 percent of the company now and still adding.

No way will we be diluted for final Coringa pay,ent. I suspect they will develop the resource with a secured loans and then out of fcf once it’s semi up and running, it’s not going from 40 to 100,000 ounces here it’s phased, as the production increases as Coringa steps up so will the fcf. I don’t see any dilution coming, especially in this strong gold environment. No doubt the city will be desperate to get some cheap shares now en masses but it’s up to mgmt to tell them where to shove it.

On the Canadian tsx this evening. Great day. It is time to be loading up here.

Must be almost done now.. Could literally drop at any day.. Not many trading days left till the end of August...

In case anyone is interested... I think we will be in for a good week BTW people next week.

lol

That reply made me laugh....

Boris, its always been a slightly strange situation. I think the value gap was created for a number of reasons.. The long period of the gold price not moving is one, and that was across the board for gold miners. Also Coringa's acquisition has left uncertainty about funding here and whether we could even afford the final payment for that acquisition.. Remember - as you say, Serabi is worth 30 odd million, they paid over 20 million for Coringa!

Then there is the development of Coringa...

I think once the PEA lands, which is imminent, shortly after that we will make the final payment, Serabi will be "debt free" with around 1.5m USD FCF per month coming in, but with another huge copycat resource to go after it will be a very nice situation to be in....

I hope we develop the mine with FCF and small debt (say 5m) so we can get off to a quick start in terms of getting some initial production going and improving cash flow... I would rather, personally, develop the mine slower but not get diluted again... I could live with a small dilution - maybe 10% if the board think its needed but I would rather we didn't issue more shares now...

What is great is we are in a very strong position now, and that was not always clear that would be where we would get to.. Because of the uncertainties, SRB has struggled to hold a higher value, but looking at the trading, the new faces, and the newsflow landing now, that is changing fast.

Remember there is a ton of exploration results to come out as well, so there really is loads of newsflow due here over the coming weeks and months, its a really exciting time...

Its very frustrating being in the 60p range soon, but I really do believe this will suddenly jump through the 70's and we will be in a new trading range very soon as this low price is not sustainable...

Suggests our seller is clear.. Fingers crossed.. This moves very quickly when stock is tight..

GP

THey have been the ones selling.. Stock is very tight again.. Hopefully we can get moving now..

Chunk today, sick of these MM games.. This is stupid cheap.

So many idiots here, I think Numis summed things up with their "world is flat" comparison. The joke is over... MW are trying to justify (their what will be existence) but they know they are in the ****... The last thing a hedge fund wants is an FCA investigation sniffing around.. God knows what they will find when they start looking at Muddy waters - and they have the right to look.. So its a nightmare scenario to them.. They cannot back down as they will then be effectively admitting guilt in what could be forthcoming legal proceedings, so they are going a little bit aggressive but its quite toned down.. They are trapped at the moment.. Gotham was a joke and did nothing to support them.. I can see the FCA seeing MW as the perfect exaple to hang out to dry.. They dont like to touch the big boys but they like to be seen to be doing something.. MW is the perfect target for them as they wont give a toss if it puts them out of business.....

Profit of 3.4m this year so far.. so heading for around 7m for the year, possibly more. Enough cash in the bank already for Coringa final payment... pea still on track for this month.. not sure what to make of the gold options commentary... guidance re re iterated at 40 to 44 thousand ounces... they are a steady operation and thats what I like.

Because it appears they are having to buy more shares in larger small break ups to bring it back down again than previously...

But I am looking forward to 7am. Nothing at all to fear.

Massive oversold .. the shorters are throwing everything at it to keep it down but it’s getting more expensive and costing a lot of shares at these levels. They will start closing out soon, just need one of them to break rank.

At these levels, and its been one way traffic for them, if the worm has turned just watch, this could be some rebound.. They will not want to let those profits slip away.

With the gold price?!

2 MM's left at 70.. Starting to crack...

Gold up another 15 USD.. Results tomorrow... Can see people piling in as the day progresses as they could be paying a big premium tomorrow.