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SAR, SARACEN MINERAL HOLDINGS LIMITED
blacksheep
post Posted: Jul 26 2017, 02:40 PM
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In Reply To: blacksheep's post @ Jul 21 2017, 02:15 PM

Another two alerts indicating the stock has been shorted more than 0.5% two days in a row - on 24/7 and 25/7

Tue 25th Jul, 2017 5,423,124 810,548,859 0.66% 8,342,269 65.01%
Mon 24th Jul, 2017 4,836,030 810,548,859 0.59% 8,153,868 59.31%

https://www.shortman.com.au/stock?q=SAR

QUOTE
How the Rich Invest: Kerry Stokes

Gold producer Saracen Mineral Holdings is another Stokes investment. Its shares have risen 38 per cent since January 1 and recent production numbers at the company's WA mines have been above analyst expectations.


Read more: http://www.afr.com/business/media-and-mark...v#ixzz4nuRsrbH6

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 21 2017, 02:15 PM
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In Reply To: blacksheep's post @ Jul 20 2017, 12:10 PM

Shorts tapered off a little yesterday - http://www.shortman.com.au/stock?q=sar

Thu 20th Jul, 2017 3,897,916 810,548,859 0.48% 6,519,646 59.79%
Wed 19th Jul, 2017 7,082,273 810,548,859 0.87% 11,047,089 64.11%
Tue 18th Jul, 2017 5,365,425 810,548,859 0.66% 11,900,041 45.09%

FWIW, a number of brokers updated their targets

http://www.saracen.com.au/investors/broker-research/

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 20 2017, 12:10 PM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Jul 19 2017, 12:52 PM

Another notable short sales alert - 7 mil - yesterday

Wed 19th Jul, 2017 7,082,273 810,548,859 0.87% 11,047,089 64.11%
Tue 18th Jul, 2017 5,365,425 810,548,859 0.66% 11,900,041 45.09%

http://www.shortman.com.au/stock?q=SAR

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 19 2017, 12:52 PM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Jul 18 2017, 05:07 PM

Currently up 2.2% - $1.2775c with 5.9 mil shares traded.

Large short position taken yesterday

Tue 18th Jul, 2017 5,365,425 810,548,859 0.66% 11,900,041 45.09%

http://www.shortman.com.au/stock?q=SAR
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 18 2017, 05:07 PM
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Posts: 6,403
Thanks: 2229


Down market today but SAR was one of the better performers - sp up 8.23% on quarterly results

QUOTE
Saracen hits 300,000ozpa production rate following record June quarter
Rising mine grades, lower costs and exploration success across the
portfolio drives strong FY18 outlook

Production
 Record quarterly gold production of 79,985oz (Thunderbox record
34,881oz; Carosue Dam 45,104oz)
 Quarterly all-in sustaining cash costs (AISC) of A$1,127/oz, a 25%
improvement on the March quarter
 Mined grade increased across the portfolio, rising to an average
2.5g/t (March quarter 2.3g/t, December quarter 1.8g/t)

Development
 Pre-strip mining continues at Thunderbox C Zone pit, with
~A$11m of pre-strip costs included in Thunderbox’s AISC of
A$1,045/oz (~A$728/oz excluding pre-strip)
 Development commenced at the Kailis pit (Thunderbox) with
milling of this ore to commence in the December 2017 quarter

Financial
 Gold sales for the quarter of 78,534oz at an average sale price of
A$1,621/oz for revenue of A$127.3m
 Cash and equivalents of A$45.2m at quarter-end (up from
A$30.6m last quarter, after spending A$24.6m on growth capital and
exploration, A$4.3m repaying all finance leases and A$2.7m on a final
acquisition payment for Kailis)
 During the quarter 40koz of hedging was added at A$1,718/oz, while
41koz of hedging was delivered at A$1,558/oz

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
arty
post Posted: Jan 21 2014, 08:30 AM
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Posts: 13,078
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In Reply To: Hunter7's post @ Aug 18 2013, 12:42 PM

http://www.asx.com.au/asx/statistics/displ...;idsId=01484398
Trading Halt pending the announcement of a significant acquisition.

The chart suggests "Somebody knew something" (or a wild guess turned out to be lucky).

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 


Hunter7
post Posted: Aug 18 2013, 12:42 PM
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In Reply To: mercury's post @ Aug 17 2013, 03:39 AM

There presentation says the costs are down to $1200 and they have a really good hedge on a large chunk of gold.

Not surprising their sp has jumped.

 
mercury
post Posted: Aug 17 2013, 03:39 AM
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IF their all up costs were 1600$ then what are they now. I must say, the CEO bought up a few shares lately. But then his pay package allows him to do that.

Merc

 
arty
post Posted: Aug 16 2013, 06:53 PM
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In Reply To: flower's post @ May 11 2013, 11:00 AM

Hi flower,

it's a pity that your post was about two months early and SAR failed to live up to your expectations.
The chart below shows how resistance prevailed throughout June, and anyone daring enough to buy the rise in late May would've given up after 4 weeks. If only you had waited posting, or repeated, the alert around July 8th. That was the proper breakout when a buy at 17 and 18c would have been supported by rising volume and quite obviously led to some decent profit.

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Right now, I'll wait for it to retrace, looking for support around the May resistance at 19c. That would tie in with Trinity on a weekly scale and the chance of a sustained rally back into the 30's and beyond.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
flower
post Posted: May 11 2013, 11:00 AM
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Posts: 12,991
Thanks: 1105


The Board takes an axe to costs and adopts the "all up production cost" method of reporting. Aim is to reduce that all up production cost from $A1600 to $A975. Suggest this method of reporting will soon become the norm, and those companies taking this sort of action may well be worth supporting and investing in----IMHO.
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Strategic Review of Business:
http://www.asx.com.au/asx/statistics/displ...;idsId=01408141
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Combining Fundamental comments with Fundamental charts.
 
 


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