Serabi Gold Share Discussion Threads

[kinloch] 29/7/2015 21:10

Good move on the tsx this evening hope for a positive day to-morrow.

[loganair] 28/7/2015 15:27

Serabi Gold has moved ahead with development at the high grade Sao Chico deposit while the Palito mine and tailings stockpiles provide a stable underlying production base for the company. As Sao Chico moves from development into full scale production and starts to produce higher grade ore from production stopes, output should continue to improve during the second half of the year.

An share price Angel analyst has visited Serabi’s Palito gold mine and other properties.

[sleveen] 28/7/2015 13:04

Placing due soon IMHO.

[rajaster] 28/7/2015 10:31

its probably why mikes specified $950 as opposed to $750. includes increasing costs of moving sao chico to production.

[rajaster] 28/7/2015 10:30

do we have enough coming in to service the interest on the debt plus paying down the debt and continued capex on production?

[loganair] 28/7/2015 10:05

Spot price for Gold $1,095. As long as remains above $1,000 Serabi remain profitable.

[bsg] 28/7/2015 09:50

Well under the radar. A divi. would be nice.

[rajaster] 28/7/2015 08:42

Nice update from mike. Looks likw sao chicos coming on stream.

[cotton4] 27/7/2015 13:53

Real continues to weaken. Now 3.37.

[rajaster] 24/7/2015 13:18

thing is they reduced the par value of the shares from 0.05 to 0.0.1 at the egm last year. fratelli took the bulk of their shares at 6p and 5p. but if things were really dire they could raise cash at lower levels to pay down any debt. i just hope we dont get an oil like situation for gold as that would mean production would have to cease due to costs exceeding income because of POG.

[loganair] 24/7/2015 12:35

Apparently energy costs are around 50% of the cost to gold miners, therefore energy prices have a big influence on the profitability of gold miners and energy is pain for in dollars.

[cotton4] 24/7/2015 11:33

SRB's costs are measured in Brazilain Real, which has dropped substantially since March 2014. It is now even weaker at ~3.3 to the dollar. We also have lower energy costs. The unknown is the effect of inflation and cost of additional staff.

The Brazilain economy is struggling at the moment and imo, an upturn in the Real looks remote short term. MH was not sure if the weakness of the Real would be maintained, so the next set of financials should be revealing. These were issued in the middle of August last year.

[rajaster] 24/7/2015 11:28

As Palito is now in regime and the Sao Chico development is looking encouraging, the next three quarters should show production increases on this first quarter. We expect to see Sao Chico enter commercial production later in the year. Our 2015 production guidance of approximately 35,000 ounces and All-in sustaining cost guidance of US$900-US$950 per ounce is maintained.

[rajaster] 24/7/2015 11:24

hi the 16th of april forcast was:

Current forecast for gold production in 2015 remains at approximately 35,000 ounces with All-In Sustaining Costs ("AISC") of between US$900 and US$950 per ounce.

[cotton4] 24/7/2015 11:19

Extract from company's press release:


"Cash Costs and All-In Sustaining Costs
Q1 2015
Gold ounces produced
7,759
Q1 2015
Total Cash Cost of production (per ounce)
US$599
Total All-In Sustaining Cost of production (per oun
ce)
US$759 "

[cotton4] 24/7/2015 11:05

According to the company's press release on the 15th May, cash costs are $599 per ounce and aisc are $759, primarily as the effect of the weakening real, so the price of gold has to drop substantially before we are not generating cash.

[loganair] 24/7/2015 10:32

50% of current gold miners mine gold at over $900 per t/ounce so will be in severe difficulties should the price of gold drop that low.

There is a real resistance level at around $1,050 should this go then the next massive resistance level is at around $800 per t/ounce.

[rajaster] 24/7/2015 10:10

Cotton4, good summary. My question is if our all in costs are $950 or circa how much we can reduce this cost to in order to remain profitable.if this is reduced to $700 my worries go as tbh longer term i'm concerned gold could drop to 7-$900. at the moment POG is extremely weak and the main catalyst to drop it further would be interest rates in the US which would send USD much higher.

[cotton4] 23/7/2015 04:55

The next few months should be interesting for Serabi.
The drilling program should be complete and we await the results.
The mining licence for Sao Chico is also pending and then we have the H1 results.
The only evident downside at the moment, imo, is the pog. However the real is still weak at 3.22 to the dollar compared to 2.655 at Dec'14. A reduction of 21%.
This would make todays price of gold of $1098 per ounce equivalent to $1328, which is higher than the actual Dec'14 price. The unknowns are the inflationary pressures on costs but with oil dropping. energy costs should be falling as well. The value of net assets will fall given they are measured in Brazilain real but the company should be generating cash. I think the financials should be interesting this time around.

[loganair] 21/7/2015 11:28

Over the past month I've read 2 articles on SRB, both of which are positive and favourable towards their future.

[fz13] 13/7/2015 15:24

More 250k and 500k trades with delayed reporting - hard to read

[rajaster] 13/7/2015 10:37

alot of big buys.. but seems one guy sold 250k at 4.5p and then rebought the same at 4.35.. very strange

[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.