Serabi Gold Share Discussion Threads

[loverat] 09/12/2013 18:59

This has appeared in the Daily Mail. I am guessing that most people will read this after the market closed today.

[stockologist] 09/12/2013 18:20

Great spot OBTW !

That is excellent coverage and should be in the Daily Mail newspaper tomorrow or this weekend I'm guessing ?

40,000-50,000 oz (in 2015) which in a few weeks will be just 'one year away' will be an excellent starting point.

Assuming cash cost of $700/oz should have cashflow of $20-25m p.a. (even at a low gold price of $1200/oz). (I am hoping a few years in the future we could get a dividend of something like 25-50% yield here annually potentially in absence of cash being used for acquisitions))

I really think this stock will start to grab peoples attention soon if not now. In the short term we should have more newsflow at the start of the plant commissioning and then in the run up to Brazil Olympics with so much attention on Brazil and Gold SRB is the perfect story.

Love Hodgson's sign off as well :-

"We will be generating decent money under our current plans but there are some assets out there that would benefit from the management and technical team we have."

Looks like either SRB know the assets they want or have been approached by Boards/Advisers/Investors pointing them towards those assets.

[loverat] 09/12/2013 17:37

Indeed - this looks like it is building up from here. A nice finish.

Unbelievable the other thread - Stockologist has used no less than five user names to ramp today - same IP address. I guess the poster who brought it to the attention of the FCA and the thread was right. Anyway - this stock does not need ramping - or deramping and share prices can do nicely without that kind of intervention. The news speaks for itself.

[ohbytheway] 09/12/2013 17:18

By 2015 Serabi WILL be producing 40-50,000 ounces of gold a year!

[aim_trader] 09/12/2013 15:43

Mines&Money video interview:

[whereareallthemugpuntersyachts] 09/12/2013 15:09

Careful you will get the rodent lover excited.

[rame4] 09/12/2013 15:06

300 g/t of gold! Well that was a nice surprise. 6 months of stockpile to get through also. I'd say they were ahead of schedule in return terms. Production said to start in early January so we will see a very good beginning to what will be an excellent 2014 for Serabi.

This stock has a history of sharp price rises so any early momentum will provide a good heads-up for others in this sector.

[whereareallthemugpuntersyachts] 09/12/2013 14:21

chart is looking better

Need to break out above 200 day MA at c. 6.25 maybe this is building the platform for the Mid December RNS of formal start of commissioning ?

It will be an amazing sign of relative strength of SRB that it could break above the 200 day MA even when Gold is on its back but as mentioned before paradoxically for SRB short to medium term weakness in the gold price is great news.

[ohbytheway] 09/12/2013 13:59

Nice top up there.

[ohbytheway] 09/12/2013 09:39

Webcasts are good. Early January going into production.

[rajaster] 09/12/2013 09:35

very encouraging RNS, not fully appreciated by the market. But look at ALO, took a day before the market started moving it and its up over 100% since.

[whereareallthemugpuntersyachts] 09/12/2013 08:17

Quite nice to see such a mooted reaction as clearly this is so far off the radar with many gold investors retrenching. This sector is underowned, undervalued and unloved.

[el1te] 09/12/2013 08:01

Give it a rest with the multiple aliases. It's unbelievably obvious.

[whereareallthemugpuntersyachts] 09/12/2013 07:57

It doesn't get much better than that for a gold miner !

Digging 30g/tonne gold basically says even at $1200 gold we are going to be raking in cash.

The current low gold price is great news for SRB's strategic development because it will starve competitors who aren't mining of cashflow from potential placings and they will have to come begging to SRB to take them over.

[flopinfo] 09/12/2013 07:53

So SRB have c.$7m of gold ready to be processed by my calculations

Furthermore they have mineable grades of 30g/tonne !

That is almost 1 oz of gold per tonne

c.$1200 for every tonne they dig up from that particular vein !

[flopinfo] 09/12/2013 07:50

Superb news

[w1ndjammer] 09/12/2013 07:43

Yes you can`t ask for more than he has delivered, sentiment will eventually turn and this one is in a great position.

WJ.

[el1te] 09/12/2013 07:32

Nice operational update out this morning, and a sort of 2013 review



Have to admit that I reckon Mike is one of the more competent Mining CEO's out there. He's driven Serabi to have a clear development focus.

Perhaps this will mark the bottom for the share price now.

El1te

[whereareallthemugpuntersyachts] 05/12/2013 10:06

I don't think anyone should be buying for the current gold price.

Unlike many gold juniors gold price is just one element of story. Indeed weak gold in short term to starve competitors of funds is best for SRB imo