SSR - SSR Mining

[finicky]

My SSR holding reached $20k paper profit today.
I only started accumulating 7 months ago and it took me 8 timid buy transactions to get to a risible 2,500 shares.
Why am I saying this? Because I'm bragging. Because I don't have a life. Because I like rubbing it in.
Because this miner was almost as safe a bet as you could have made in this sector. It has mines in 4 jurisdictions. It has one silver mine along with the 3 gold mines. It has a management with form. It has a growing mountain of net cash. It doesn't need to make any big capital investments, it is growing organicallly. Mines are already long life. It was cheap and it's still only 1.3 x book value. It's been returning capital to shareholders via buybacks and dividends. I could go on but need to make a trip to the fridge.

 

[Sean K]

My SSR holding reached $20k paper profit today.
I only started accumulating 7 months ago and it took me 8 timid buy transactions to get to a risible 2,500 shares.
Why am I saying this? Because I'm bragging. Because I don't have a life. Because I like rubbing it in.
Because this miner was almost as safe a bet as you could have made in this sector. It has mines in 4 jurisdictions. It has one silver mine along with the 3 gold mines. It has a management with form. It has a growing mountain of net cash. It doesn't need to make any big capital investments, it is growing organicallly. It was cheap and it's still only 1.3 x book value. It's been returning capital to shareholders via buybacks and dividends. I could go on but need to make a trip to the fridge.

Good buy finicky. I have been on board for the past few weeks. Up a measly 6% so far. Gold is the metal for 2022-27. Once inflation goes to double figures it's kapow!

 

[mullokintyre]

My SSR holding reached $20k paper profit today.
I only started accumulating 7 months ago and it took me 8 timid buy transactions to get to a risible 2,500 shares.
Why am I saying this? Because I'm bragging. Because I don't have a life. Because I like rubbing it in.
Because this miner was almost as safe a bet as you could have made in this sector. It has mines in 4 jurisdictions. It has one silver mine along with the 3 gold mines. It has a management with form. It has a growing mountain of net cash. It doesn't need to make any big capital investments, it is growing organicallly. Mines are already long life. It was cheap and it's still only 1.3 x book value. It's been returning capital to shareholders via buybacks and dividends. I could go on but need to make a trip to the fridge.

Did you buy the OZ shares or take out the NASDAQ shares??
I got the OZ ones, its just easier for me to trade.
Mick

 

[finicky]

Oz
SSRM on the nasdaq is good for chart reading - much bigger volume and less gaps.
No need to trade this if you like gold and silver and are patient imo. Surprised that you are.

 

[mullokintyre]

Oz
SSRM on the nasdaq is good for chart reading - much bigger volume and less gaps.
No need to trade this if you like gold and silver and are patient imo. Surprised that you are.

Nabtrade is my trading platform, and it does not let me trade all shares, only on NYSE, or London SX.
As far as I am concerned, everything is tradeable, just depends on your time frame!
Have B2 gold, and SAND on NYSE, end Endeavour on LSX.
Mick

 

[Sean K]

Been a good few months for this puppy on the back of the run up in POG. Hopefully inflation keeps surprising to the upside.

 

[finicky]

@Sean K it's bolted out of that flag but might be room for some more gain before a rest.
I really owe BtL finance for this one, I just love its quality.

 

[finicky]

Well after my chest thumping on this one I'd better fess up and acknowledge that I am now in the red with my purchases. Traders were right!

I don't really want to go back to reread the Q2 Qtrly (U.S FY) but anyone who has an interest in the stock will already have an idea. Costs are up significantly from inputs and guidance for FY22 (Jan- Dec) has production maintained, which is surprising, given interrupted production at Copler ops, but AISC up US$110 for full year (AISC US$1,300/oz high end of range)
Q2 free cashflow US$19m
Q2 EPS US27-30c
Cash/Equivs 'lower' at only US$940m

Copler in Turkey strikes me as the main sticking point as we are still not given a definite restart time having already idled for 5 weeks; just some time in Sept Qtr (Q3) for a restart and even that depends on the pleasure of the Turkish regulator. Having lived for years through the Thai government's attempt at stealth expropriation of KCN on trumped up environmental charges I am a bit paranoid. The Turks love gold, it's their second biggest export, the economy is on its knees, runaway inflation, the currency is bombed out and the show is run by another pinhead narcissistic autocrat who sacks his central bank head when he tries to raise interest rates. So will they try to steal our mine? Probably not my guess.

Anyway I am still up for adding 250 shares if SSR CDIs drop much lower.

Held

 

[finicky]

BtL is in accumulation mode after having sold half his position some time back. Purchased at $21.30 last week. Quite reassuring to me that he is not raising serious political questions about Copler in Turkey just a mild comment about the lumbering bureaucracy.
One and a half cups cups of coffee per month to subscribe to BtL Finance.
Several company specific vids a week as well as a general take is the norm.
I have no connection, just a subscriber.

Get more from Between the Lines Finance on Patreon

creating Investment Research and Analysis

www.patreon.com

Meanwhile I will try his SSR vid while it is accessible on youtube:

 

[mullokintyre]

BtL is in accumulation mode after having sold half his position some time back. Purchased at $21.30 last week. Quite reassuring to me that he is not raising serious political questions about Copler in Turkey just a mild comment about the lumbering bureaucracy.
One and a half cups cups of coffee per month to subscribe to BtL Finance.
Several company specific vids a week as well as a general take is the norm.
I have no connection, just a subscriber.

Get more from Between the Lines Finance on Patreon

creating Investment Research and Analysis

www.patreon.com

Meanwhile I will try his SSR vid while it is accessible on youtube:

I will second the recommendations for BTL.
For me, the subscription has paid for itself for the next thirty years so far.
Mick

 

[finicky]

BtL is trading too much for me to take my cues from him although still great for depth and understanding.
He doesh't even mention SSR lately so he's likely out of it.
I haven't added any SSR when I thought I would because the charts seem ambivalent.
If it weren't for the very low volume last week I would be theorizing about a bullish tweezer bottom on the weekly chart (chart 1) and a V shaped reversal on the daily. But referring to its Nasdaq listing, the SSRM monthly (chart 2) it has made a two year double top and is now threatening the level of the trough between the highs - bearish if it breaks. So guess I'll wait.

The other reason for hesitation is uneasiness over the Turkish bureaucracy and the continuing halt to production it has imposed on the Copler plant. But I'd risk that if the chart was clear and the gold price better.

Held

SSR Weekly (1)

SSRM All Data Monthly Nasdaq (2)

 

[Sean K]

BtL is trading too much for me to take my cues from him although still great for depth and understanding.
He doesh't even mention SSR lately so he's likely out of it.

I signed up for a month and it became quite evident that he's a retrospective trader. "I did this, I did that" type stuff. It might be interesting for beginners but I think you're way past that finicky, and Mick, IMHO.

 

[mullokintyre]

I signed up for a month and it became quite evident that he's a retrospective trader. "I did this, I did that" type stuff. It might be interesting for beginners but I think you're way past that finicky, and Mick, IMHO.

Nah still a novice.
I like the way he does analytics of the reports, and finds things I didn't even know to look for.
Happy with the investment so far.
Mick

 

[finicky]

This feels alien - good news
An immediate restart and they used the downtime for plant rehab. Thunderbirds are go.

 

[Dona Ferentes]

will its time come again? But PoG will play a part.

 

[mullokintyre]

Keen to get some more SSR, but I am yet to be convinced that the bottom for Gold and silver is in yet.
The final capitulation still needs to occur IMHO.
Mick

 

[finicky]

Back to black.
Should be a good day for SSR when the ASX cranks up.
Weekly chart has made a couple of candles outside the downtrend.
Daily chart shows higher highs and lows.

Held

Weekly

Daily

 

[mullokintyre]

Some nice in fill drill results out today.
SSR continuing in its up trend channel.
Mick

 

[finicky]

My holding back to break even, yippee ?

Daily Chart of SSRM, the U.S main listing. Doesn't look too bad imo despite the moving averages I have picked (50,100). The bounce level very appropriate (US$13)

Held

Daily (50,100)

 

[Sean K]

My holding back to break even, yippee ?

Daily Chart of SSRM, the U.S main listing. Doesn't look too bad imo despite the moving averages I have picked (50,100). The bounce level very appropriate (US$13)

Held

Daily (50,100)
View attachment 154993

That rounded bottom was looking outstanding, much like the GDX, until the correction, which was overdue. Curious that this is almost half it's ATH, but POG is knocking on ATHs. Goes to show the influence of the general market on goldies, even when they're likely to be making a motza at the moment.