Serabi Gold Share Discussion Threads

[fz13] 09/7/2015 11:36

Strange trades this week

[rajaster] 10/6/2015 13:56

sadly this is still affected by gold bears.

[kinloch] 09/6/2015 13:24

AGM this week might see a little blue leading up to it.

[kinloch] 20/5/2015 13:27

Vo lume up over the last few days Tsx looked good last night China also becoming more interested in brazil maybe a bigger picture emerging.

[cotton4] 20/5/2015 13:21

Makes a nice change

[rame4] 20/5/2015 13:13

pretty good.

[giant steps] 15/5/2015 13:40

SRB reminder (thanks cotton4)

[cotton4] 15/5/2015 11:41

Fundamentals are gradually improving.New webcast on the company's website from the CFO. Came across as being quite frank and open.

[giant steps] 15/5/2015 11:11

High grading, low costs and profitable despite depressed selling prices

Unloved but soon may not be ignored

[sleveen] 15/5/2015 10:53

Gold at $1200/oz, AISC $760 = $440/oz cash generated/oz = $15m cash generated .

Some will be spent on drill and SC development and debt repayment, but SRB are now out of the woods IMHO.

[bsg] 15/5/2015 08:45

God, this is unloved.

[sleveen] 15/5/2015 08:16

Q1 financials much better than I expected.

[curlly] 15/5/2015 07:26

Yes all looks good

[cotton4] 15/5/2015 07:19

Steady as she goes.

[francisthornhill] 12/5/2015 16:56

Good post rame

[rame4] 11/5/2015 11:20

As a result of these proposals, the cancellation of the Company's share premium account and the Deferred Shares, the Board has established that the Company would eliminate all of its accumulated losses to date and establish reserves of approximately US$82 million that could in the future be distributed to Shareholders through the payment of dividends. The Company is currently re-investing cash flow into the development of the Sao Chico gold project and the retirement of some its debt arrangements and it is not currently the Board's intention in the near term to commence payment of any dividends. The Board does however feel that with the successful transition of the Palito Mine into production and the on-going development of Sao Chico, that it would like to be in the position to consider using some of the cash flow that these operations are expected to generate to make a distribution to Shareholders by way of a dividend in the future. Currently, as the Company has accumulated losses of US$42 million, it would not be in the position to pay a dividend until such time as these losses had been eliminated.

[tightfist] 08/5/2015 09:17

Kinloch,

Yes, patience is the name of the game here. I don't expect too much action until October when I am looking for some fireworks based on the late Q3 Sao Chico drilling results/resources and the visible ramping-up of total production towards a strong year-end outcome.

I just hope that that wretched overhang is now clearing..... I will pick-up a few more if we see a short-term breach of the 4.5p level.

[kinloch] 07/5/2015 20:30

Tightfist.
We have to be patient we are in an exciting phase of the development also to many big names involved who are looking for sound profitability given time we should not be dissapointed.

[tightfist] 07/5/2015 16:55

Hi Kinloch,

It's very quiet here! Yes, it did move fractionally on the 16th in London but not Toronto.... The first quarter was virtually everything we had been promised and the Pallito ROM grade was especially strong. The grade of the first ore from Sao Chico was maybe a little lower than I had hoped, but there will be a lot of dilution, I expect.

I was encouraged that all the equipment required for Sao Chico in 2015 is stated to be in place - I wonder if there any hidden caveats within "With all the mining and fixed fleet required for the 2015 mine plan.....".

My biggest concern remains whether the Sao Chico start-up can be internally funded from cash flow whilst simultaneosly paying-down the Sprott loan. IMHO, SRB does seem a bit of a bargain as a low cost, potentially dramatically expanding, producer on a Mkt. Cap. of £31m but despite MH's insightful videos it's not making much impact yet.

[kinloch] 16/4/2015 15:37

tsx may move it this afternoon.

[carolj] 16/4/2015 15:29

I still don't understand the lack of interest.

[rajaster] 16/4/2015 12:29

that was a great update, good to see visually the actual areas of sao chico and palito and the processing plant.

[rame4] 16/4/2015 09:55

hxxp://brrmedia.co.uk/event/137077?popup=true

[rajaster] 16/4/2015 09:49

those big chunks yesterday were well under the radar.. but i think sometimes its better under the radar.. stay away from pump and dumpers.