Serabi Gold Share Discussion Threads

[tightfist] 07/2/2017 15:23

This is slow motion compared with most Gold miners at present; SRB always seems that way. I guess it's PoG action that has stirred it a little today.The Results are still about seven weeks away, and there is ongoing uncertainty about expansion plans and acquisitions? Also the Real continues to gain strength, up about 5% compared with the average in H2 - not helpful at all. The AISC always feels a little disappointing, although they generally hit their forecasts.Cheers, tightfist

[hraj] 07/2/2017 12:41

slowly slowly.. charts looks a little bit better again.. if 5p can be broken i expect 6p pretty quickly.

[sleveen] 26/1/2017 16:24

Agree multifactorial valuation measures that combine to derive a MC.

Add to that stamp duty is payable too!

[hraj] 26/1/2017 10:32

hi sleveen yes i have £28 million can be seen as a little high vs some peers.. but not long ago a company like this would be worth somewhere in the region of £100 million.. there multiple avenues to look at the valuations.. e.g. net debt.. AISCs.. actual profits,size of resources, and assets..i think with serabi the market has valued this quite fairly.. if they can confirm debt repayment then i can expect £40 million mc, that would be around 7p again if my maths is correct.

abit frustrated by the lack of brr this time.. the board have been quite and i wonder why and what their planning. they did say they wish to pay down debts by year end .. there hasn't been any confirmation..

ps note the debt of both aaz and sgh , but potentially much bigger projects and debts will be paid down fast if they maintain their low AISCs ie aaz is only $700, so much better profits.. their debts something like £28 million. i forget all the details as im not invested.

[sleveen] 26/1/2017 10:14

hraj,

Have you compared the market cap of SRB with other small produces say SHG AAZ?

Potentially SRB could be over valued in comparison unless they can get production above 70k oz/year.
hence the failure to get to the anticipated 6p.

IMHO.

[hraj] 26/1/2017 08:55

Hi tightfist, yes i am look pre restructuring.. the crazy prices this has seen since 2008-2017, although its been 2.5-7p in the last 3 years..welldone to the lucky gits who bought at 2.5s.
I don't fully understand your reverse takeover comment.. if frattelli lower their stake then why reverse takeover when in affect frattelli were just investors like you and i but bigger.

[tightfist] 25/1/2017 16:22

Cotton,Yes, Hodgson has strongly indicated that they want to achieve scale (at 100k Oz?). It was also indicated recently that Fratelli were willing to reduce to 30% as part of an acquisition so we may anticipate a large placing, or even a reverse take-over?My mention of dividends was just to put it out there; I am getting a little jaded with nearly all (except HOC, PAF) my junior miners generating increasing cash and laying-down debt whilst not having a progressive dividend policy, it doesn't help the share price at all.Hraj,I am away from home on vacation but my recollection is that the re-financing with Fratelli was at 7p? Are you looking at share price data before the company was restructured?Cheers, tightfist

[hraj] 24/1/2017 15:38

the trouble with acquisitions is that again they will be trying to grow synthetically rather than organically and smartly.. probably raising cash or diluting.. this company has raised countless millions in the past with out bearing fruit..the share price is 1/20th of where it used to be considering the consolidation also.

what we need is mike hodgson and co to allow cash to accumulate and then acquire if needed. i know they were looking to become a regional player. if they aquired a licence freely from the gov rather than purchase another org ..then it may be more beneficial and then grow organically through exploration/delineation of the licence area and jorc it.
palito it self was never a large gold resource.. with low indicated and inferred resources, and sao chico has never been measured from what i've read(please correct me if i'm wrong). low mine life also with 10 years output.

[cotton4] 24/1/2017 15:29

No still think that a dividend may be some time away. They are looking for scale, which may come from current holdings and if the current drill program is dissappointing (which I doubt) they may be looking towards an acquisition.IMO

[tightfist] 24/1/2017 15:17

Cotton,I think momentum may improve when we see cash accumulating on the balance sheet. A maiden dividend would help too - have you seen any tentative approach to a dividend policy?Cheers, tightfist

[cotton4] 23/1/2017 16:09

4th Qtr less than 3rd Qtr. Yields from Palito poor. No update on drilling campaign.
Brazialian real on the up. Still a waiting game.

[broncowarrior] 23/1/2017 13:22

Looked a pretty good update to me but seems a lack of interest given volume. Can anyone provide an insight why please? Looks interesting.

[hraj] 23/1/2017 10:45

Thanks tightfist.. i noticed the same in the 2007 annual report in regards to the mining method.

still no share price boost here despite gold starting to show signs of recover at 1215. looks positive, and i hope in time we can see this as a 100 million company producing 50k ounce-100k.. i may contact mike hodgson to ask some questions as there was no brr update today.

[tightfist] 23/1/2017 10:37

Hraj,To your question, I understand that the original Canadian? company changed the mining method at Palito to increase production by mechanising mining in a Narrow Vein mine and lost control of grade - and hence lost control of cash costs and the company then failed. After the buy-out by Serabi the mine was re-opened as a narrow vein stoping operation.The other stuff you are looking for including debt repayment update will be in the year-end Financial Report. Today we have AISC guidance of $950-$975; I guess that is a judged balance between production efficiencies (referred to) and the wretched strengthening of the Reis.All looks good to me; I especially like the grades now being delivered from Sao Chico.Cheers, tightfist

[hraj] 23/1/2017 09:00

AISC was confirmed no?, i didn't see any mention of the debt repayment notification?.. maybe another RNS is coming. I still don't understand how in 2008 they were producing 53k per annum.. why has this company gone backwards? what was then difference between the and now. Also there is no mention of the total resource and mine life..or am i missing some RNS..

[sleveen] 23/1/2017 08:06

Decent operational update, it would have been nice to have the AISC confirmed.

[hraj] 19/1/2017 11:13

so in answer to my own question from yesterday .. theres was a large 250k shares sale worth £12.5k worked through yesterday as well as a few other 50k sells.. all which appeared at the end of the day. the bids dropped to 4.75 again today, but a buyer has taken 125ks worth at 5.25p. wonder when this news is going to come.

[rajaster] 18/1/2017 23:15

Yeh i feel the same here.. Feels like ive been here 3 years now.. And the price has halved and back up in that time.. Reading rnss going back to 1999.. This company hasnt really delivered and prior to 2008 had gone bust.. What i dont understand is that they were producing gold for aisc $300..so now $950..how are costs so much higher??

[loganair] 18/1/2017 15:52

I am really disappointed in the share price of SRB. I bought at the same time as Highland Gold (HGM), while HGM share price has risen 5 fold SRB is around the same price as it was 2 years ago even though production in well up and the debt nearly paid off.

A couple of years ago the likes of IC, Share Mag and Money Week were saying that at the end of that finacial year SRB would be re-rated with a share price target of 15p and when the finals came out the share price hardly moved a jot.

[hraj] 18/1/2017 14:06

i wonder when there will be some news.. been over a month since the last rns.

[hraj] 18/1/2017 09:50

one sale worth £103 and the mms drop the bid to 5p how does that work???

[sleveen] 11/1/2017 09:09

Marked up on 20k buy.

Hold tight MM short of stock, this is going higher.

IMHO.

[hraj] 09/1/2017 14:26

it looks like its bottoming now.. if it is .. then it could be the right time place for it to head higher again from.

[sleveen] 06/1/2017 16:26

I would think so, but I said that at the Q3 results and look what happened in Nov/Dec (though POG weakened significantly)...

[hraj] 06/1/2017 11:49

Nice to see upwards now..hopefully back above 5p and 6p soon