SSR - SSR Mining
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Sean K
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Hmmm, AISC of $1600 doesn't really leave a lot of margin. But somehow is miraculously goes down to $13-1400 for the year. COS and AISC look to be way above last year in all their operations.
Help me out @finicky
I'm not exactly sure why I own this....
Help me out @finicky
I'm not exactly sure why I own this....
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USD numbers, yeah very uninspìring. Depleting cash, and cash is one of their claims to fame. Just hope their guidance for stronger next half is right as they've been spending a lot on development. I think they remain unhedged so remains a decent bet on the gold price I guess. My cap gain on SSR has been whittled down to 3% incl today's gain. Don't have a single goldie that I'm enthusiastic about.
Held
Held
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High volume break of support today following the lead of the NASDAQ listing which is the chart shown here.
Follows release of 3rd Qtr U.S report
Confirmation of break of support at ~US$10 (this support level best seen on 2 yr chart) and made a lower low in one fell swoop. As said, break made on high daily volume.
The Qrtly report is dense and at a glance I can't see why it was received so badly.
Back in the red on this. BtL is costing me money so far! (STN and SSR)
Held
One Year DAILY
Follows release of 3rd Qtr U.S report
Confirmation of break of support at ~US$10 (this support level best seen on 2 yr chart) and made a lower low in one fell swoop. As said, break made on high daily volume.
The Qrtly report is dense and at a glance I can't see why it was received so badly.
Back in the red on this. BtL is costing me money so far! (STN and SSR)
Held
One Year DAILY
Sean K
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Unusual response. I can't see any crocodiles in the quarterly on first glance other than tracking towards lower end of guidance. Seems to be just tracking the GDX generally. I'm holding a tiny amount of this (1% of holdings) but am considering dumping all my mid tier/major goldies and putting it all into GDX and GDXJ and then focus on spec juniors for more fun. These mid tiers are pretty boring.
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The quarterly out was good in that production and gold sales were up, nearly half a billion in cash in the kitty, nice dividend, but its what happens now is the killer.
Because they are reviewing the MRE and technical mining approaches, there is going to be a push out in new production, but there will likely be lower production till 2026.
The have effectively said they are going to put up with lower production for next two years to allow them to ramp up from 2026.
There will be a statement about the new ming profile in the first quarter calendar year 2024, but until then, there will be a period of uncertainty.
The market hates uncertainty.
Hit a 52 week low, down 12% on the news, so I have sold out my fairly large holding.
Nothing wrong with the approach, its just that i don't see the stock recovering until that ramp up is achieved.
There are plenty of other gold stocks that i will invest the funds into.
mick
Because they are reviewing the MRE and technical mining approaches, there is going to be a push out in new production, but there will likely be lower production till 2026.
The have effectively said they are going to put up with lower production for next two years to allow them to ramp up from 2026.
There will be a statement about the new ming profile in the first quarter calendar year 2024, but until then, there will be a period of uncertainty.
The market hates uncertainty.
Hit a 52 week low, down 12% on the news, so I have sold out my fairly large holding.
Nothing wrong with the approach, its just that i don't see the stock recovering until that ramp up is achieved.
There are plenty of other gold stocks that i will invest the funds into.
mick
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Certainly has been disappointing to hold price-wise as well as the production hiatus in Turkey recently which wasn't mainly due to the company but to the Turkish laws and bureaucracy imo. I will continue to hold and might add in keeping with an investment approach. Any add will be chart based. Lower price than the Covid low, Mar 2020!
Held
Held
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Bid in for 250 @ 18.32, second in queue
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Snapped up another 250 shares @ $18.0
Book value 12/2022 is 25.57 and we're not talking about it operating at a temporary loss, far from it. All that cash in the bank, four profitable mines - I rest my case.
Book value 12/2022 is 25.57 and we're not talking about it operating at a temporary loss, far from it. All that cash in the bank, four profitable mines - I rest my case.
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I have put in some low ball bids around 17 bucks after selling out yesterday at 19.
Mick
Mick
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Our 15 minute chart looks a lot different (in a negative way) but I notice that the overnight Nasdaq SSRM chart (15m) shows a bit of buying interest came in.
SSRM 15 minute (NDQ)
SSRM 15 minute (NDQ)
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BtL Finance did a piece on SSR (Patreon). He won't be buying more and hasn't sold but sounds like he'll consider it.
I watched bits of it last night and am sketchy on details but basically he seemed in agreement with the market's rejection. Many have been expecting 'cash harvesting' at a high gold price but the new plan now entails development delays in some areas and unexpected capital expense for a plant enhancement in Turkey. Group production reduced and AISC up for 3 for 4 years I think he said. Many holders don't want to hang around and wait through a much less profitable period during a time of high gold prices. Something like that and along the lines of mullokintyre's earlier remarks.
Held and Holding
I watched bits of it last night and am sketchy on details but basically he seemed in agreement with the market's rejection. Many have been expecting 'cash harvesting' at a high gold price but the new plan now entails development delays in some areas and unexpected capital expense for a plant enhancement in Turkey. Group production reduced and AISC up for 3 for 4 years I think he said. Many holders don't want to hang around and wait through a much less profitable period during a time of high gold prices. Something like that and along the lines of mullokintyre's earlier remarks.
Held and Holding
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Chart is Nasdaq listed main listing of SRRM
Down 3.7% last night, high volume, whereas Newmont (NEM) was up slightly.
New 3.5 year low - have to go back to the Wuhan Flu low to hit this price (it went US$2 lower then).
Our low so far AU17.05, if @mullokintyre left his $17 bid open looks like getting it.
WEEKLY SSRM (NDQ)
Down 3.7% last night, high volume, whereas Newmont (NEM) was up slightly.
New 3.5 year low - have to go back to the Wuhan Flu low to hit this price (it went US$2 lower then).
Our low so far AU17.05, if @mullokintyre left his $17 bid open looks like getting it.
WEEKLY SSRM (NDQ)
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Nah, thought gold was going for a run so put the bid into others (ALK and WAF).
AMI up 7% today, if it gets to 12, I will take my profits and shift it into SSR for fun.
Mick
Sean K
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BtL liked this didn't he? He must be buying.
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Hold me back - thinking of adding to SSR, current price 17.58 but very low volume, haven't checked Nasdaq listing (SSRM). I don't mind holding for a few years if it really does mean higher profitability in the long run at the expense of the shorter term market valuation. I'm starting to think of BtL reccs as a red flag as he's an agile trader, so clash of styles. He seems to have gone off SSR. I may withdraw my two cups of coffee financial support to his subscription service 
Held
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Hope you held back Finicky.Hold me back - thinking of adding to SSR, current price 17.58 but very low volume, haven't checked Nasdaq listing (SSRM). I don't mind holding for a few years if it really does mean higher profitability in the long run at the expense of the shorter term market valuation. I'm starting to think of BtL reccs as a red flag as he's an agile trader, so clash of styles. He seems to have gone off SSR. I may withdraw my two cups of coffee financial support to his subscription service
Held
View attachment 166712
Got down to 16.20, which may be its base.
Have got some low ball bids between 15 and 16, not sure if any will be filled now.
Mick
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The POG is rallying and SSR is falling. Has always been a dog and now it seems to have ticks.
Sean K
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I only bought this because finicky liked it. I'm taking back my subscription to his service.
