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Serabi Share Discussion Threads
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|xmas is coming but yet again srb like last year has struggled to perform like peers. worrying.|
|I noticed the 1 trade.
I think it's an investment urban myth, but I'd be more than happy to be proved wrong tomorrow.|
|Rns on the way.|
|Real fallen v UD$ since Trump elected
|Looks like a waiting game for the results of the exploration program.
POG and Brazilian Real crutial short term. Outlook long term bullish if substantial resource upgrade. Also need to see if there are any developments on the M&A front.|
|Hi Sleveen,Yes, the numbers look positive and steadily continuing in the right direction, but not earth-shattering. I note that non-cash Depreciation continues to climb Q-on-Q which is taking the shine off the numbers. For me the brought-forward sale of 160t of concentrate muddies the numbers, it's a shame that Line hasn't given that concentrate a $ value; I suppose that's commercially confidential? If the Q3 revenue (and cost) figures are substantially flattered I am not so happy.I bet they enjoyed writing "negligible debt"!There doesn't seem to be a brrmedia webcast this morning; if there had been we would have probably been offered more insight.Cheers, tightfist|
|A positive indeed in a set of positive results. POG uncertainty causing falls in numerous gold stocks this am.|
|surely thats a positive.. why is the spn falling.. perhaps the gold price drop to $1200 isn't helping|
|They changed the concentrate customer and no longer required the trade financing facility as SRB now receives payment from the new customer a lot earlier.|
|nolt sure what you mean by this:
Jettisoned the trade financing (which was quite expensive)|
|very good results IMHO.
$300/oz cash generated (as predicted)
$6m cash generated in Q3.
Reduced debt by $3.3m
Jettisoned the trade financing (which was quite expensive)
So long ad POG holds, SRB are a buy IMHO.
|markets are crashing again.. so i wonder if gold will move upwards again?|
|Should be looking for 3rd qtr financials tomorrow or more probably early next week.|
|Say $300/oz cash generated gives $3m cash generated @ 10k oz for Q3.
Depreciation (guestimate $2.5m) is included in the AISC, which should cover cap ex interest and debt repayment.
So circa $2.5-3m cash generated in Q3.
If my figures are broadly correct then 7p should be in reach IMHO.|
|markets were really crazy yesterday with all the market losses reversed and more.. and today gold is heading back down and the dollar strengthened again, not sure how this reflects in terms of the real. i'm still hopeful that news can push this above 7p.
currently AISC are $960.. that still leaves a positive cash flow.|
My reasons for reinvesting in SRB.|
|Hi sleeven,Thanks: I don't suppose many overlook the strengthening PoG (especially this morning!) but I mentioned the Real Forex risk as a slight caution, mainly for newcomers sniffing at SRB.The last AISC I heard mentioned (can't look it up right now) was higher than I expected, but of course that gives more leverage with a rising PoG if it is correctly priced.The outlook in the last video was very upbeat for me; IMHO that sentiment, the cash flow and the imminent debt-free status has not been recognised in the markets yet.Cheers, tightfist|
|thanks sleveen/tightfist.. i look forward to some good news here.|
|Don't forget the POG in Q3 is about $80/oz higher than it was in Q2 to compensate Real strengthening.
Q3 revenue around $13m.
I reckon about $5-6m will be generated by ops and about $3m after $1.3m repayment.interest costs, cap ex and explo costs.
As has been said before SRB are under the radar of investors. I think Q3 financials due in 2 weeks will change this.
|Hraj,What we really need is the Real to do a nosedive! It's been very strong (+20%) vs USD this year; retreated 4% in the past fortnight, hopefully it will now break the trend keep weakening.Cheers, tightfist|
|golds back above $1300.. can only be positive as the pound is still weak.|
|hraj,The last video from MH inferred Fratelli would reduce their holding within a future corporate expansion development.Selling shares in the market? My instinct is unlikely unless they want to prepare the ground for a bid - that is purely speculation on my part, I know nothing. But the imminent cash generation capability is there for all to see......Cheers, tightfist|
|i wonder if fratelli are offloading and reducing their stake.|
|Yes, if I was not already fully loaded with SRB I would have been a buyer well above 5p. I sometimes wonder how many people listen to (and believe!) the prospects in the videos by Mike Hodgson. Or maybe I am just a born optimist.....|
|There seems to be an endless supply @ around 5.15p.|