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$4.69 saracen mineral holdings limited

Finished the day on 1.25 after closing yesterday at 1.155. Most...

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fightinggreed

701 Posts.

120

18/07/17

16:16

Post #: 25935081
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Originally posted by fightinggreed ↑

I smell a rerating. It's one think to forecast it. These guys have delivered.

And there's no massaging the results to make them look good.

$11M of pre-stripping costs expensed this quarter. Lots of other miners would capitalise this.

Equipment leases paid out to reduce future interest payments.

Final payment for Kailis made early.

Other signs of long term improvements.

Investment in secondary crushing and oxygen injection at Thunderbox increasing yields.

Hedging added at $160/oz more than hedging delivered during the quarter.

Grades improving with depth.

Mine rate improving with twin decline at Carosue Dam.

This and RSG are my largest holdings.

Cheers,
Tim.

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Finished the day on 1.25 after closing yesterday at 1.155. Most goldies flat today. The rerate has begun. Analysts will only send out notes to clients tonight and tomorrow. Those models will be building in a larger margin. More rerating to come. Closed near its high for the day, showing good strength to the buying remains.

Cheers,
Tim
SAR Price at posting: $1.25 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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