Sabina Gold & Silver Corp. (0R11.L)

Sabina Gold and Silver - 30000% upside potential

Within the next years PPS of SBB is able to explode from alltime high to alltime high.

At current stock price levels the company is a take over candidate.

Do your own due dilligence.

In another post today, I mentioned that the disappointing price action today was because John Doody, a newsletter writer with Stansberry, published an article last night recommending that readers sell their positions in Sabina. Because Doody has a HUGE readership, the market was flooded with sale orders at the open and, if the past is any guide, I expect continued volatility for the balance of the week.

I was struck by a Yahoo news release from Sabina this afternoon in which the company said they are "unaware of any material change" which might have caused the price drop. So, I sent an email to Nicole Hoeller, Sabina's communications VP, expressing my concerns about the Doody article. Specifically, Doody has always positioned Sabina as a takeover target and because the most obvious acquirer recently committed themselves to another large venture, his optimism for Sabina has faded. Plus, he is forecasting that Sabina will need to raise some $150MM more capital then they have to fully develop the Back River project. He said he believes they will raise the capital by issuing more stock and diluting existing stockholders.

Ms. Hoeller was quick to respond and her reply was candid, straightforward, and reassuring. Among other things, she said the company has always clearly communicated to John Doody their probable need to raise additional capital and would probably do so by issuing stock. That said, she said they are investigating various strategies that will minimize the impact on share price. Even though CAPEX would increase, she also made it clear that so would the opportunities increase for a substantially de-risked project.

Concerning Doody's apparent disappointment that Sabina's most logical acquisition suitor has moved in another direction, she said it has never been the company's objective to be acquired. Rather, their stated objective has always been to become a solid gold producer. My takeaway from her email is that Sabina is positioning itself through the Back River project to be a major player in this space.

My attitude is that if Doody wants to encourage his readers to sell, we should all be happy to take their stock off their hands at discounted prices.

Fred Hickey: «This Is a Very Dangerous Market»
18.07.2021,

"... Sabina Gold and Silver’s Back River project. Sabina’s net asset value is $900 million, using a conservative gold price. At the beginning of the year, it’s market cap was around that number, but now it’s $460 million, down close to 50%. The company has no debt, and $67 million in cash. They also have a Chinese investor with a nearly 10% stake which is a validation that these ounces are really there. This means this stock is dirt cheap, undervalued and..."

more at

https://themarket.ch/interview/fred-hickey-this-is-a-very-dangerous-market-ld.4653

I see Orion Investments has participated in 2 raises in 2022 so far, another institutional investor cant be a bad thing? The analysts ratings of $2.75-$3.75 sound very promising as well.

One of their top holders just purchase 800K shares at $1.95 to keep their 9.9% stake.

Seem bullish to me. what are your opinions?

ok, looked at website, lotsa new photos up, sent thx note to someplace hopefully close to backriver .... they've spent a LOT of money, 4 cement trucks?
I get a impression vehicle maintenance could be better.
lotsa stuff to move up the ice road but evidently getting the plant on line is moving to plan.
I expect by 2 or 3rd quarter the photos should look a lot different.
housing for around 250 people?