Serabi Gold Share Discussion Threads

[tightfist] 13/11/2014 23:20

Well done Bigfrocks! After 6 days stuck at the same level maybe you will be able to take the credit for reversing the trend.

[loverat] 13/11/2014 18:15

Sorry - just referring to Rame4 (aka Stigologist)

[bigfrocks] 13/11/2014 18:14

They were my buys and the 48,000 was a buy!

[tightfist] 13/11/2014 17:23

Rame4,

I guess you are looking for a (positive) quarterly update three months after the last one! Here's hoping too!

I would like to think today's tick-up signifies the nadir for this stock. It seems a strange place in the development of the business to print the all-time low?

[ianpuddifoot] 13/11/2014 16:49

constructive AS USUAL

[loverat] 10/11/2014 18:40

This looks like its going to fall more. imo

[rame4] 10/11/2014 11:27

Third Quarter Management Discussion and Analysis due on Thursday.

[tightfist] 06/11/2014 14:37

Spiker,

Suggest you take a look at posts 827 & 828. I think it's DIY for Pallito cashflow, at present.

Then there is the cash cost of developing Sao Chico, the plan/cost of which doesn't seem to be known. Management are clearly keen to press ahead with a tight time schedule, enabled by the interim loan funding and early doors incremental production.

[spiker4] 06/11/2014 10:15

Does anyone know how to get an estimate of cash flow per share for this stock? Thanks

[rajaster] 31/10/2014 11:12

tightfist good questions, i've spoke to some of the management before and their indications were that they can mine near surface itially and that's why they acquired sao chico. they are drilling at further depths for the veins they have identified that are not near surface which is understandable, the extra ball mill capacity is simply to handle higher rates of ore for production which is positive really.

[tightfist] 30/10/2014 08:21

Regarding Sao Chico, I am a little confused on its real status? On the one hand we are eager to drill (and will now undertake from surface) presumably to finalise the financial business/investment case - on the other hand we are taking a significant loan, progressing "development", creating two levels and have already installed the extra ball-mill capacity....

Is it really so promising that SRB "carry-on regardless"?

[fz13] 30/10/2014 07:12

Main risk here as I see it is gold sentiment - GDX is currently hitting lows not seen since 2008.

[rajaster] 28/10/2014 11:20

yes tight fist, the grades of various veins were close to surface meaning they can be mined quickly and blended with the gold from palito thus ensuring the quality does degrade and keeping costs lower.

[tightfist] 27/10/2014 20:36

Rajaster,

Also, do I recall correctly that some of the initial drill grades at Sao Chico were pretty stunning?

[rajaster] 27/10/2014 11:29

loverat, aaz has £40 million debt and further hit trouble with increased costs to increase production.
mirl is producing but at 5k ounces per quarter and all in costs of $975 per ounce their not making much and need a loan to move Ollachea gold mine to production which is estimated at $177 million. its a decent price to buy in that one as the new mine will bring a larger capex initially but gold production rates and opex is pretty good at 9 year and 100k annuall production.

srb - is producing and cash costs to move the second site to production is much lower, the two sites are fairly close.

i'd rather hold srb.

[ianpuddifoot] 26/10/2014 18:12

Loverat what are the risks I am not aware of them?

[loverat] 26/10/2014 17:27

A couple spring to mind, MIRL and AAZ both under 10 million market cap. Not without issues and risky and making no direct comparision with SRB. But SRB also has risks.

[ianpuddifoot] 26/10/2014 17:15

Loverat name them please

[ianpuddifoot] 26/10/2014 17:07

Loverat nop do not think you have still think you are an idiot

[edgeware] 26/10/2014 17:03

yep next may be boil?

[loverat] 26/10/2014 16:56

Yes I have actually. However, still toppy as far as the market is concerned.

Quite a few producers valued at far less.

[ianpuddifoot] 26/10/2014 14:39

toppy have you researched this share what an idiot you are

[loverat] 26/10/2014 11:29

Still might be a bit toppy - at least in this market anyway. Lots of miners receiving a battering. Still interestingly there are lots of stocks spiking up 100% plus currently on good news. Trading these more speculative companies is a good way to make up for any paper loss stocks which will recover individually or as a sector - when their turn comes.

AFCR, SMA, BMN and others bouncing lately.