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$4.69 saracen mineral holdings limited

Ann: Quarterly Report - June 2017, page-8

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18/07/17

10:17

Post #: 25923399
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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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Re-rating..........!!!!!!
Its already been re-rated.
Its harvesting time now.
Overall not a bad quarterly.
I hope people do make money out of it.
Right now it is extremely hard to make money from gold stocks.
SAR Price at posting: $1.18 Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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