Added to YB: 2026-06-16
Pitch date: 2026-06-12
SRR.AX [bullish]
Sarama Resources Ltd
Author Info
Kingfish Capital is a special Situation investor based in Australia. Sign up for the newsletter.
Company Info
Sarama Resources Ltd, an exploration stage company, engages in the sourcing, acquisition, exploration, and development of mineral properties in Australia and Burkina Faso.
Market Cap
CAD 13.5M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.44
P/E
-5.01
EV/Sales
-2.8K
Sector
Metals and Mining
Category
special_situation
Same price, fatter tail. - Sarama Resources Ltd
SRR.AX: ICSID arbitration play vs Burkina Faso for unlawful expropriation of Tankoro gold permit ($80M sunk over 12-13yr). Damages claim doubled to US$242M (26x MC, ~3x sunk costs). Lawyer (Boies Schiller) 6/6 record, 40-400% returns. Non-recourse funded. Mgmt ~16%, selling WA assets ($4M, 30% of MC) for pure-play arb. Merits hearing Feb 2027, award 6-8mo after. Bondi asset alone > MC. Est 5-18x upside; price flat despite catalysts. A$0.035, ~A$13M MC.
Read full article (6 min)