Member Info for NoelShempsky

"At 163 CEY is being sold on the cheap" - quite right Somnamna. Look at the numbers in that trading update - and Anglo Ashanti have seen them too, they know that 163 is a bargain price - a bargain for them but not for us.

BPat890 - thanks for listing the positives, but some holders might be wondering why, despite all of that good news, the sp isn't far higher than it is.

If a tech stock, say Apple, Samsung or nVidia, had announced those figures, had a new factory about to start producing more products, was getting higher prices for its products and had a stockpile of inventory that they were about to convert into cash, the sp would have rocketed, so why didn't the SRB sp?

I recently heard Max Keiser say this - "The price of a stock, I learned when I was a stockbroker in New York many years ago, half of the price of a stock is determined by the overall market direction, another quarter of the valuation is determined by the sector that that particular company is in, then only twenty-five per cent of a stock's direction is determined by the individual stock itself."

As Keiser says, the stock itself accounts for only twenty-five per cent of the share price movement and as we know, the PM sector is unloved.

The sp will be held back until sentiment for the sector changes.

Let's hope that will be soon.

It was from a man who was a stockbroker and is a highly successful investor, so I take it as undoubtedly true.

You seem to have not understood the full implications of his message.

Schmidt1, your questions reminded me of something I heard Max Keiser say -

"The price of a stock, I learned when I was a stockbroker in New York many years ago, half of the price of a stock is determined by the overall market direction, another quarter of the valuation is determined by the sector that that particular company is in, then only twenty-five per cent of a stock's direction is determined by the individual stock itself." - Max Keiser.

I mention it NOT to criticise anyone who studies the financials, or the geological reports. My point is that if, after your efforts at analysis, the share price does not move as you expect, it might not be because your analysis was wrong, it is likely to be because, as Keiser says, the stock itself accounts for only twenty-five per cent of the share price movement.

Someone paid 73.89p today.

Thank you Adw198.

Will the tip in the Mail might attract new readers to this board?

I doubt that my postings on here will be as anything like as influential as that Mail article, but for any new readers, about my post in which I moaned about the share price going up by only 0.74%.

That poor reaction to the results is not a sign of any problem with SRB. All of the PM stocks are undervalued and even good news fails to lift the sp. That was my point in making the comparison to tech stocks.

Take Fresnillo. Recently, FRES announced that they had increased the dividend by 357%. How often do you see that! There was a small rise on the day, but it soon fizzled out out the sp is now well below what it was on the day before that announcement.

I think all investors in PM stocks are of the opinion that they are undervalued, but with rising gold price, I think we all feel that a change is about to happen.

With gold miners' results now starting to show the rewards from the rise in the gold price (e.g. THX - 91% increase in profit, FRES - 357% increase in the dividend) their share prices should soon react appropriately.

That Mail article reminded us that the SRB share price was 105p. I expect that this time next year, or even sooner, it will be higher than that.

SRB tipped in the Mail's Money column

https://www.dailymail.co.uk/money/investing/article-13799287/MIDAS-SHARE-TIPS-Dig-GOLD-bagging-gleaming-shares.html

SRB is a "Jam tomorrow" company - just look at these comments -

- "The ramp will continue to be deepened, but with three and soon to be four development levels ahead of production, the mine is in a very healthy position for the planned future production expansion" - development and expansion - huge potential for cash to be flooding in faster than they can count it. (* 1)

- "Average gold price of US$2,209 per ounce received on gold sales during the six month period (2023: US$1,940)" - and what will it be for the next six month period - surely it will be over $2,400. - huge potential for cash to be flooding in faster than they can count it. (* 2)

- "processing some of the lower grade material that has been stockpiled at Coringa and boosting gold production in that last three-month period" - a stockpile about to be converted into cash. (* 3)

All of that and the sp rises by a poxy 0.74%. Unbelievable. People want cash now not in the near future.

Imagine if a car company or a tech company such as Apple, Samsung or nVidia announced that they had a huge factory near to completion and were soon going to knock out many more products, see (* 1)

Imagine if a car company or a tech company such as Apple, Samsung or nVidia announced that they were getting much higher prices for their products, see (* 2)

Imagine if a car company or a tech company such as Apple, Samsung or nVidia announced that they had stockpiled inventory that they were about to sell, see (* 3)

SRB has all that and the sp rises by a poxy 0.74%.

Note - "a year-to-date EBITDA of 13.0 million, which in turn is a 96 per cent improvement compared with the first six months of 2023" - I regard EBITDA as a bit of a dodgy metric, but I can't argue with modern accounting practices, so this is impressive.

Surely it won't be long before the markets wakes up to the potential in SRB.

My purchase appeared on here as a sell. I expect that other "Sells" are also Buys.

... and I need to thank pacifico who tipped THX on the Shanta board. That was where I saw it.

Today THX released its 6 month results and the higher gold price has given a 91% increase in profit and that has sent the sp up by 20% with possibly more to come.

SRB will also benefit from the higher gold price. I just thought I'd state the obvious.

Eventually that should change. Today my THX shares are currently up by 15% on news in an RNS. The higher gold price has given THX a 91% increase in profits (ninety-one per cent).

The gold price has a lot further to go -

"The Blarney of Bidenomics Blabbed the Economy up again"

https://citizenwatchreport.com/the-blarney-of-bidenomics-blabbed-the-economy-up-again/

That is nothing, just wait until Kamala gets going.

If you've never seen Lena Petrova, she does excellent talks on economics and geopolitics. She is very good on financial stuff as she used to audit major banks.

"?? MASSIVE FRAUD or ERRORS?| Shocking -818,000 Revision to US Jobs Numbers Reveals Data Inaccuracies"

https://www.youtube.com/watch?v=YYR2FpAI9bw

"We have also lowered our AISC guidance to BELOW US$1,000 per oz." (the emphasis is mine)

Good to read.

"With gold prices continuing to rise over the quarter, Q2 2024 revenue has increased by 30% compared to Q2 2023 generating a record net profit of US$27.5 million for the Period, an impressive increase of 91% compared to Q2 2023. Net profit for the first half of the year was US$$39.9 million."

I know what you mean Sotolo. Since 2011 I have read endless predictions of rocketing prices "soon". Since 2011, James Turk has many times predicted a huge jump in the silver price. He used $28 as the level that would trigger it, but each time he spoke, the silver price went down not up. To be fair to him, from 2002 to 2011 his forecasts were always right. So how can it be that a man who was always right suddenly change to be always wrong?

My opinion - the market is rigged. Turk should have been right, but that is in a free market.

That was the point of me saying "the factors driving the prices of the metals are so huge that even the market riggers can't fight the rise" and why I think Maund will be proved right with what he says in his article. If you disagree with Maund, please let us know what is wrong with his analysis point by point

Also, since October, 2023, Michael Oliver has made some very good forecasts that have been fairly accurate. His forecasts weren't always spot on but they weren't far off, so I wouldn't say "doesn't have a clue" about him.

So, yes, many forecasters have been proved wrong, but based on the pretty good track records of Oliver and Maund, I'm going to stick my neck out and say "This time it is different".

Good, easy to read, sensible analysis from Clive Maund -

"Silver Market Update - PERFECT BUY SPOT AHEAD OF MASSIVE UPLEG..."

https://www.clivemaund.com/gmu.php?art_id=67&date=2024-08-19

... and in it - "WHAT THIS MEANS IS THAT SILVER AND ALL THINGS SILVER ARE A TERRIFIC BARGAIN HERE WITH THESE SORTS OF PRICES NOT EXPECTED TO LAST MUCH LONGER, AND MAY NEVER BE SEEN AGAIN". I have never before seen him use capitals like that so he must be serious.

Hopefully this means that the factors driving the prices of the metals are so huge that even the market riggers can't fight the rise.

A bit more good reading -

"Gold Market Update - MASSIVE PARABOLIC SLINGSHOT MOVE STARTING......"

https://www.clivemaund.com/gmu.php?art_id=68&date=2024-08-19

"Michael Oliver – This Crisis Is Going To Send Gold Well Above $3,000"

https://kingworldnews.com/michael-oliver-this-crisis-is-going-to-send-gold-well-above-3000/

Good, easy to read, sensible analysis from Clive Maund -

"Silver Market Update - PERFECT BUY SPOT AHEAD OF MASSIVE UPLEG..."

https://www.clivemaund.com/gmu.php?art_id=67&date=2024-08-19

... and in it - "WHAT THIS MEANS IS THAT SILVER AND ALL THINGS SILVER ARE A TERRIFIC BARGAIN HERE WITH THESE SORTS OF PRICES NOT EXPECTED TO LAST MUCH LONGER, AND MAY NEVER BE SEEN AGAIN". I have never before seen him use capitals like that so he must be serious.

Hopefully this means that the factors driving the prices of the metals are so huge that even the market riggers can't fight the rise.

"Gold Market Update - MASSIVE PARABOLIC SLINGSHOT MOVE STARTING......"

https://www.clivemaund.com/gmu.php?art_id=68&date=2024-08-19

"Michael Oliver – This Crisis Is Going To Send Gold Well Above $3,000"

https://kingworldnews.com/michael-oliver-this-crisis-is-going-to-send-gold-well-above-3000/