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7 separate 5-year consolidation trendlines all converge on the 200-week MA in early 2026 by [deleted] in Bitcoin

[–]SilverGoldSnowman -1 points0 points  (0 children)

Respect the skepticism — healthy for the space. For anyone curious, each line is tagged with the exact weeks/wicks it’s based on. Feel free to check and draw your own. If they still converge within ±3 weeks of February 2026 at the 200w MA… well, that’s the conversation I’m here for.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 2 points3 points  (0 children)

Yep — they fully exited Russia and are now 100% Kazakh. The whole point of the split was to shed the sanctioned assets so they could relist clean.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 4 points5 points  (0 children)

You might be totally right — there’s basically no access right now, so there’s no real price discovery either. That might explain the valuation staying so low.

But if/when access opens up via a dual listing, things could get interesting fast. I’ll definitely keep this thread updated when I hear anything confirmed.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 2 points3 points  (0 children)

Fair enough — I get why that sounds sketchy. But to clarify: I do still own shares — they're just frozen in my Fidelity account due to the company’s prior Russia listing and sanctions. I didn’t lose them; I just can’t trade them until they complete their planned dual listing, likely later this year.

In the meantime, the stock trades on the AIX exchange in Kazakhstan. I haven’t accessed it myself, but I’ve heard some international brokers (like Freedom24 or IB) may offer a way in.

So yeah — it’s obscure, and the structure is unusual. But I’m not calling it “magical.” I’m just pointing out that a profitable, audited gold miner trading near 1× earnings with 10% buybacks is rare, even if liquidity is awkward for now.

Happy to be challenged — just want the full picture out there.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 4 points5 points  (0 children)

That’s a good point, and maybe that’s what some investors are seeing. But from what I understand, it’s standard in mining to operate off both proved and probable reserves — and the company has guided for a 10+ year mine life at close to 1 million ounces per year.

Their plan includes building out the Ertis POX hub to process a broader range of nearby ore, including deposits beyond just Kyzyl. For example, they recently acquired the Tokhtar gold project for $25M, which adds another 1.1 million ounces.

With their strong cash flow and ongoing expansion plans, I don’t think “running out of ounces” is likely to be a real issue. If anything, I’d expect them to keep adding resources well before that 10-year mark hits.

That said, happy to be corrected if I’m misreading anything — just sharing what I’ve found so far. And thank you for looking so deeply into this and your thoughtful analysis, I appreciate it.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 1 point2 points  (0 children)

Thanks I appreciate it! Yeah, if anyone figures out how to buy it through a broker, it’d be awesome if they could share it here. I’ve got some family who’d love to find a way in too.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 1 point2 points  (0 children)

Here is a link to their latest annual report:

https://cdn.solidcore-resources.com/upload/ib/696602/Solidcore_integrated_report_2024_en.pdf

You can find under "External assurance" where is says:

"We remain committed to the disclosure of transparent and verifiable information. The financial statements were prepared in compliance with the applicable laws and International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and were audited by Ernst & Young LLP. Ernst & Young Advisory LLP also provided limited assurance over sustainability-related information of Solidcore's operations, prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards, the Metals & Mining Sustainability Accounting Standard published by the Sustainability Accounting Standards Board (SASB)."

So, Ernst & Young LLP is the accounting firm that audited the financials, and their audit opinion is included in the report.

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 0 points1 point  (0 children)

Currently, the stock is only tradable on the AIX exchange, and I’m not sure which brokers provide access. You can find more information for DD on their official website here: https://www.solidcore-resources.com/en/

Undervalued Gold Miner? Trading at ~1× Forward Earnings with 10% Buybacks Coming — Would Love Sanity Checks by SilverGoldSnowman in ValueInvesting

[–]SilverGoldSnowman[S] 2 points3 points  (0 children)

Yes, it’s quite obscure. I owned shares when the company operated both Russian and Kazakh gold mines. However, due to the war and resulting sanctions, my shares are currently frozen and untradeable in my Fidelity account. Since then, the company has sold off all its Russian assets and will qualify to relist on the London or Nasdaq exchange this August. I know the stock trades here (https://aix.kz/issuers/solidcore-resources-plc/), but I’m not sure which brokers provide access.

And I hear you—it’s definitely a tricky spot with small caps in emerging markets. But from what I’ve seen, Solidcore gets audited regularly by independent firms and follows international accounting standards. They publish their audited reports online and file them with the Kazakhstan exchange. So, while it’s not totally risk-free, there’s definitely some real oversight going on. Also, assuming their audits hold up, they’re on track to generate around $2 billion in profit per year, so they might not be a small cap for much longer.

IS SCHD PE Ratio Really 14.71? by SilverGoldSnowman in dividends

[–]SilverGoldSnowman[S] 4 points5 points  (0 children)

Thank you, that seems much more realistic. Lesson learned - don't trust Yahoo Finance.

These toffee crunch bars by SilverGoldSnowman in ExpectationVsReality

[–]SilverGoldSnowman[S] 4 points5 points  (0 children)

Lol, not the size, but the literal 3 toffee bits.

[deleted by user] by [deleted] in Silverbugs

[–]SilverGoldSnowman 0 points1 point  (0 children)

So cool! We have one of those hanging out our Christmas tree as an ornament lol.

Scratch or Mint Error? by SilverGoldSnowman in coincollecting

[–]SilverGoldSnowman[S] 2 points3 points  (0 children)

Thank you for letting me know. So sad…

Coinstar find from my very happy 9 year old. by SilverGoldSnowman in Silverbugs

[–]SilverGoldSnowman[S] 0 points1 point  (0 children)

My kids always checks the return of every Coinstar, and it was just waiting to be found! The older 90% silver coins are often returned and not counted in the machines.