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- Santana Minerals SMI - The next large Otago Macraes Gold Deposit ?
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02-05-2024, 05:22 PM
#121
Member
Last raise at 60 odd cents, I was picking them up in the weeks after as low as 50 cents I think. Looking forward to it.
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03-05-2024, 08:44 AM
#122
Originally Posted by silverblizzard888
A lot to like about the company's prospects at the moment especially with gold price soaring high, but of course with the pending capital raising from now till 24th June that should hold the share price down for a bit. Not expecting much in the short term, but could well be a rewarding hold in the medium to long term. If they can get all the approvals and development work done and get into production under the current government they will be golden.
Possibly, although it's only $4M that they are going out to Shareholders for.
Once those applications are lodged, I don't necessarily see it as much of a handbrake if some good news comes fourth, or instutiional investors start getting in.
Santana doesn't seem to have had much coverage in Australia compared to here.
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03-05-2024, 09:09 AM
#123
Originally Posted by Daytr
Possibly, although it's only $4M that they are going out to Shareholders for.
Once those applications are lodged, I don't necessarily see it as much of a handbrake if some good news comes fourth, or instutiional investors start getting in.
Santana doesn't seem to have had much coverage in Australia compared to here.
Yes in the scheme of things $4m is not a large amount, but when you add up the $31.2m raised from institutions also at $1.15 and the 35 million options with an issue price of $1.08 at the end of January. You're looking at over $75 million of shares at todays pricing that will eventually dilute the current share base. You'll need a really good announcement or some really big institutions to move that volume when the share price gets higher.
Last edited by silverblizzard888; 03-05-2024 at 09:11 AM.
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03-05-2024, 10:40 AM
#124
Originally Posted by silverblizzard888
Yes in the scheme of things $4m is not a large amount, but when you add up the $31.2m raised from institutions also at $1.15 and the 35 million options with an issue price of $1.08 at the end of January. You're looking at over $75 million of shares at todays pricing that will eventually dilute the current share base. You'll need a really good announcement or some really big institutions to move that volume when the share price gets higher.
Why would institutions necessarily need to move that amount of volume if those who bought the new shares aren't selling?
Or if they will need to enticed with a good profit on their investment. I.e a higher SP.
There was always going to be some dilution required, it's the nature of the beast.
$80M in cash with the options should easily get them through to BFS & also fund quite a bit of drilling. Exciting times.
Institutional buying is what I am referring to. I.e fund managers etc. coming on board.
Last edited by Daytr; 03-05-2024 at 10:49 AM.
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03-05-2024, 09:35 PM
#125
Originally Posted by Daytr
Why would institutions necessarily need to move that amount of volume if those who bought the new shares aren't selling?
Or if they will need to enticed with a good profit on their investment. I.e a higher SP.
There was always going to be some dilution required, it's the nature of the beast.
$80M in cash with the options should easily get them through to BFS & also fund quite a bit of drilling. Exciting times.
Institutional buying is what I am referring to. I.e fund managers etc. coming on board.
Yup and after that they need to find AUD$230m or less depending on their cash holding, so they set up all the facilities and prep everything to start mining.
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04-05-2024, 08:32 AM
#126
Originally Posted by silverblizzard888
Yup and after that they need to find AUD$230m or less depending on their cash holding, so they set up all the facilities and prep everything to start mining.
Yeah bound to be some more equity involved, but hopefully mostly debt. Plenty of time for exploration to hopefully increase the resource base & extend the mine life.
I would like to see the plant throughput capacity increase by at least 50% as they are bound to find more gold and get production up around 160k - 180K toz per annum.
$250M - $300M of free cash p.a. would be a serious proposition and the earlier bigger cashflow would get factored into the P.E ratio.
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07-05-2024, 02:43 PM
#127
Has resource consent been issued through the fast track process or is that still to come?
Can someone please share the best presentation to review based on the potential of the mine? many thanks
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07-05-2024, 02:58 PM
#128
Originally Posted by Rawz
Has resource consent been issued through the fast track process or is that still to come?
Can someone please share the best presentation to review based on the potential of the mine? many thanks
No, the resource consent hasn't been issued and they are only invited to apply for the fast track. (I think this process is only just getting underway and not yet voted into law).
https://www.odt.co.nz/regions/centra...ast-track-bill
Not sure on the best, but here is their scoping study - with a good chunk of pictures, tables and graphs......
https://cdn-api.markitdigital.com/ap...6296-6A1202971
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07-05-2024, 03:13 PM
#129
Originally Posted by Sideshow Bob
awesome cheers
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07-05-2024, 04:28 PM
#130
Member
They do include broker/equity research on their website:
https://www.santanaminerals.com/equity-research
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