Member Info for SonOfABoo

A gold fund in trouble / margin call? Or something else on the go? Gold heading to all time highs in all currencies but all London based producers under pressure?

I've been nibbling away here slowly loading over the last week or so, when this moves it will be quick due to its size, if they can hit guidance and maintain it, this will take off. Treble bagged on SRB and this can do the same from 1.25p a share IMHO.

If they hit their production targets and end up with 7 figure JORCs at Palito and Coringa as is the stated aim, £2 quid will be easily smashed.

Gold in £Sterling at a new all time high, and closing in on all time high in $Dollars.

I own some GRL, like many goldies it's under valued (if) they do as the promise and get production up to 1k ounces per month, you could easily see it fly from the levels its at.

@10.09, agree, but a small bug bear.

It's trend that matters here, and SP is tracking the Production / Performance and that's upwards.

It's a multiyear journey this one. I still think this is a 200p a share come January next year.

If the $8m drilling programme goes well, it'll be more.

IMHO

Still producing positive cash flow despite the 13th (Extra) Month of workers salary and year end cyclical tax payments, not bad, net cash still up $2.2m from Q3, they typically lose millions from Q3 into Q4 each year.

Explosive growth and cashflow to come. A changed company.

bang on, if you haven't hedged your gbps, you'd better real ******* soon...

Https://www.bloomberg.com/quote/XAUGBP:CUR

Gold in GBP just hit an ATH today.

@14:09, that's it for me, take this to a 5 forward PE and it doubles. Not even a stretch if there's a rotation back into these junior stocks, which we may be seeing now?

Https://tristargold.com/project/pfs-summary/

It's a mighty CAPEX on the face of the PFS, but a DFS utilising Coringa and Palito could go off on a different direction / reduced CAPEX Operation.

As a company about to be as cash rich as this and with adjacent dual Operations, it would make perfect sense, you are adding a lot of Au Ounces for not a great deal and it's in your own 'backyard'.

Tristar current MCAP is only circa £22m Sterling.

The Para Tristar resource is a nice resource, but it appears to be 'financially stranded', and could be a similar situation to the MTL / CNR tie up where the company generating the profits can take it forward and commit to the spend required to get it to construction.

Very interesting appointment that...resigned as COO of Tristar Gold but became a member of the BoD only in December, Tristar also located in Para State:

"

Having worked with Troy Resources and TriStar Gold, Marcus brings significant experience of operating in Pará. As we seek to grow the production base and aim to develop other opportunities, Marcus will play a crucial role in the on-going success of Serabi.”

Could the "other opportunities" be a tie up with Tristar and take forward their project in Para State?

https://tristargold.com/project/castelo-de-sonhos-gold-project/

https://finance.yahoo.com/news/tristar-gold-announces-changes-board-120000132.html

Yes, for people who don't / haven't used Stokopedia before, please see link to Serabi page below:

https://www.stockopedia.com/share-prices/serabi-gold-LON:SRB/

A 12 month forward looking PE Ratio of 2.39 is pretty nuts, and shows how quickly this could revalue itself to Ratios if 6 or 8 very quickly if / when investors roate back into the Juniors landscape.

They won't need to, the BoD will be well looked after with options and warrants if they do well.

https://www.lse.co.uk/rns/SRB/conditional-share-awards-5s3moget5jyqa4x.html

"Following these latest awards there are 2,814,541 Conditional Share Awards in issue representing 3.7% of the issued share capital of the Company."

And they'll be more to come, they'll be looked after by the Major Shareholders.

A massive well done to management in implementing a successful 2024 strategy and allowing the SP to multiple by some circa 2.4 x. A great achievement. If the strategy for 2025 goes to plan, we will be on the cusp of being a 60k Oz a year producer in 12 months time, and FWIW we should be circa £2/2.50 a share IMHO. This is now a cash generating monster in MCAP terms and with a large exploration and upgrades to resources across two projects and a full Installation Licence to come for Coringa, the sky is the limit.

Have a great NY when it comes.

Should be a good day today.

Gave you another chance, Pedro, but this is just more disingenuous posting. Filled.

Appreciate the response.

Is SRB a hedge for the devaluation going on in the Brazilian Real v the USD? Now at all all time FOREX low against the greenback of 1 / 6.15.