RE: What a week and my thoughts....26 Aug 2019 15:42
Definitley worth reposting, c/o gregpeck on here
FWIW!!!
So a few things,
I have read, and re read the RNS multiple times, there is so much information in there, its quite an intense read... Everytime you read it though you cannot help but feel excited.. So much going on at the moment...
A few takeaways from myself - and I will keep them high level. Nice to be at a PC and not on phone app.. So will be more expansive.
Share Trading..
1. Looks like that delayed 40,000 buy that is showing cleared out the MM's, you could only get 5,000 online at close... If you want shares Monday, I suggest going early, I very much think this will be trading in the 60 - 80p range now.
2. "Cinderella Zone"
Apologies for not knowing "who" here is particularity interested in this target, but I know it is one of our regular contributors. This latest news release does seem to have let the cat out of the bag to a large degree, it looks very likely that we are sitting on a very large deposit within our existing license area. This is fantastic news, the board I think are quite conservative and they are on record now as saying how exciting this is. Also reading other parts of the news release it makes it very clear the exploration budget has been unlocked and targets could well be drilled this year. If this ends up being a significant discovery then SRB is suddenly in another place entirely. Very, very good news.
3. Production and operational efficiency
So guidance held / slightly raised towards 44,000 ounces this calendar year. Excellent news, looks like they are wringing out every last bit of gold they can with the equipment available. Good management delivering a strong operational performance leading into ramp up is highly encouraging - they know what they are doing.
4. Gold price rising
Very much looks like the gold price is breaking out. I suspect we will see it over 1400 USD which will be tranformational for many gold miners not just SRB and will see fresh capital flow into the sector. I see this as a highly conservative target.
5. Working with local authorities
Good to see SRB working with the relevant agencies, adapting plans, learning about what is working and what is not, and being part of a team, not trying to ram plans through that they want just because "its their plan". Learning from experience and continually improving is a vital skill.
6. Coringa PEA - likely to be outstanding
Coringa is looking like it will be an outstanding investment with a strong PEA forthcoming early Q3, likely to drive the SP on and at this point we will have paid for it, we just need to develop it. You cannot help but read the latest news release and reading between the lines, they know they have a quality asset there, we just need to know "how good" it is. I would not rule out further increases in potential resources.
Sign In
Follow the stocks
