Serabi Gold Share Discussion Threads

[rajaster] 24/10/2014 08:51

well you have it again. its a shame really. market conditions havent been good recently even though that has nought to do with srb.

[rajaster] 23/10/2014 16:21

what was the pre consolidation price?

[bsg] 23/10/2014 15:15

could get back to pre consolidation price !

[rame4] 16/10/2014 17:13

missed this from Minesite...

[spiker4] 16/10/2014 14:41

SRB holding well given the current climate. Could this trigger the turning point for gold?

[tightfist] 15/10/2014 23:58

Rame4,

Thanks for the Samlam update.

Sleveen,

Suggest take a look at post 827. Based on MH video comments, it deduces IMHO that all-in breakeven was surpassed at ~1,500 Oz per month and $1,300 PoG during August.

[w1sefool4] 15/10/2014 08:50

Thanks Rame4

[sleveen] 15/10/2014 08:15

From memory the gold price used in the studies was $1400/oz.

With Au at circa $1220/oz, does anyone know the sustaining and all in costs?

TIA

[rame4] 15/10/2014 07:44

For TF

October 14th,


Serabi Mining Plc (LON:SRB)‘s stock had its “buy” rating reiterated by investment analysts at Sanlam Securities in a note issued to investors on Monday. They currently have a GBX 8 ($0.13) price target on the stock. Sanlam Securities’ price target suggests a potential upside of 64.10% from the company’s current price.

Serabi Mining Plc (LON:SRB) traded down 2.56% during mid-day trading on Monday, hitting GBX 4.75. 113,058 shares of the company’s stock traded hands. Serabi Mining Plc has a 1-year low of GBX 4.325 and a 1-year high of GBX 7.411. The stock’s 50-day moving average is GBX 5.79 and its 200-day moving average is GBX 5.51.

Serabi Gold plc, formerly Serabi Mining plc, is a gold exploration holding company. The Company is a provider of support and management services to its operating subsidiary.

[francisthornhill] 15/10/2014 00:11

For example...

[francisthornhill] 14/10/2014 23:49

Personally think with the increasingly volatility in the markets gold will be a safe haven which should reverse the gold price decline and be good for miners like serabi entering production. Maybe we won't get rapid inflationary growth but the argument of gold as a safe haven holds true still.....any thoughts

[w1sefool4] 14/10/2014 09:35

A billionaire doesn't invest in a small company like SRB, unless he sees potential.

The grades are fantastic !

No ramp intended, just my view.

[tightfist] 13/10/2014 12:40

Hi Rame,Thanks for your guidance back to the PEA. A very good point underlined by MH is the Real-based cost structure; the BRL has been increasingly weak which will be a great help delivering margin, even if PoG remains suppressed.I think SRB is a class-act/opportunity which will perform during 2015. (I am positive on low-cost small goldies but doubly thoughtful arising from my bruising experience in MML).

[rame4] 13/10/2014 12:02

TF,

Have a look at the PEA and ignore broker forecasts.

With current market sentiment I am not in the least bit surprised with the price action this morning. Check the price though in a couple of days time if short term movements concern you.

Hopefully gold has hit the triple bottom, but unlikely. It's all about next year with SRB. QE4 will provide the survivors the necessary impetus and I expect investors to be tripping over themselves to have a piece of these small-cap gems when the next real gold rally commences.

It was interesting to hear Frank Holmes mentioning the short gold notion being banded about at the moment. If you recall a few years back when all were crying out to buy gold (gold broker adverts on mainstream tv etc.) - it was then you should have shorted gold. The exact opposite can be said today.

The gold price may be on the cyclical turning point. I'd say SRB are very well placed to take advantage of this and are currently making money with the help of high grades and favourable exchange rates. I cannot see many other small-cap goldies in this position at the moment.

Good luck.

[tightfist] 13/10/2014 11:31

Rame4,Digging deeper, on 29th Sept MH reported on brr media (2.15 mins in) that they "broke even" on an all-in basis for the first time in August - I heard it be on a cash basis.I don't think they declared an August production figure, but looking at Q2/Q3 trends I infer it to be likely between 1,400-1,500 Oz. - I would be very surprised if it was as high as 1,600 Oz.With 2,260 Oz production in September, that suggests positive cash flow arising from an additional 700-800 Oz produced at marginal cost. Similar calculations for the last 4 months of the FY suggest >6,000 Oz of positive cash, minus marginal costs - all IMHO.Of course, there will be additional costs, especially as they progress Sao Chico.Re broker forecasts I can see 0.47p for 2014 and 1.62p for 2015, a forward PE of 3 and a profit of £10.0m. IMHO this does seem quite do'able as long as the start-up cost of Sao Chico is largely neutralised by early production.Back to my original question, are there any accessible updated broker forecasts you are aware of?

[tightfist] 13/10/2014 10:06

Hi Rame4,I have seen you are a big fan if SRB; personally, I like Hodgson's style as well as the company foundations.Given the very positive update (OK, they have pulled-back a little on near term production guidance) I am surprised at this morning's price action; I thought the overhang had been worked by now.More to the point, have you seen any recent all-in Pallito production cost projections - and where a PI can access comparable broker forecasts?Thanks.

[selwynslacker] 13/10/2014 07:44

This is worth a listen: - I missed this interview at the time of the recent loan announcement, so am posting it in case anyone else did ... now on to today's video. :-)

[rame4] 13/10/2014 07:30

Superb.

""In the mine itself, stoping and mine development has continued very well with production volumes exceeding plan. We are therefore in the enviable position of having established an ore stockpile on surface of over 20,000 tonnes grading approximately 7.5 g/t of gold.

"At Sao Chico, we have the equally positive news that the underground development mining is now underway and, with the mine portal now established, the decline ramp is being driven underground towards the first ore zone, which we anticipate reaching during November.

"As was mentioned in our news release of 26 July 2014, a number of previously unidentified gold bearing veins were intersected during the excavation required to establish the mine portal. These discoveries, along with the 2013 drilling and a surface drilling programme we expect to start later in this fourth quarter, will we hope demonstrate that the high grade Sao Chico resource has significant potential for growth."

[spiker4] 09/10/2014 08:57

Loverat, you seem quite experienced. Can I ask what tools you use to value a stock, SRB for example?

[loverat] 09/10/2014 05:36

Well, I called that right. Back down to a more realistic valuation.

[rame4] 08/10/2014 22:48

Most looking forward to having the start of QE4 coincide with SRBs resource update. Happy days.

[sleveen] 06/10/2014 16:52

CIP plant RNS might not go amiss currently.