Serabi Gold Share Discussion Threads

[rajaster] 30/3/2016 09:57

i've not had a chance to look at the results.. will do later in the day if not at cob.

[spooky] 30/3/2016 08:41

Rame4 - Where does it say "100,000 ounce range within the next three years or sooner"?

[rame4] 30/3/2016 07:48

"100,000 ounce range within the next three years or sooner"

[rame4] 30/3/2016 07:29

"Whilst we remain focussed on optimising the current operations, should the
improvement in gold prices continue and therefore provide additional
cash flow, we will be looking later in the year to evaluate some of our
mine site discoveries that lie within the existing tenements."

[cotton4] 30/3/2016 07:24

Very much in line with expectations. The real story is this current quarter with greater ounces produced and at a higher price. 2016 has certainly started on a positive note.

[laptop15] 30/3/2016 07:21

Morning guys :))The results look good to me, we should see a good rise today!! What do you think about the results? Better or worse than expected?

[laptop15] 24/3/2016 19:52

Cheers Rajaster and Tightfist for the info and my fingers and toes are crossed for results and up and coming news :)) but i have a feeling its going to be good news!

[tightfist] 24/3/2016 11:25

Rajaster; Yes, this is getting a little frustrating when other small Goldies are progressing.

Patience required - SRB results have been on 28th and 31st March for the last two years, so next week should deliver. Also the Q1 production figures have been on 7th and 16th April so news season is imminent.

Maybe it's time to revisit the 1st Feb Ops. Report and November Corporate Presentation and take a view?


Cheers, tightfist

[rajaster] 24/3/2016 09:44

laptop.. i agree. we saw it head to 4.75p ask.. getting sick of holding on to this wishing id sold and bought cheaper.. it should ideally be valued 3 x the current price.

[laptop15] 23/3/2016 17:37

I feel the market hasn't really the true value of Serabi yet....buy i have a feeling it soon will!! I see significant upside :-)

[tightfist] 07/3/2016 23:29

Boffster,

Yes, SRB seems a sound bet, but if IIRC all the AISC figures so far have been purely for Pallito and that Sao Chico will now come into the frame as it is at production status. With the the debt funding now clarified it may soon be possible to take a fresh view on an overall FCF projection?

Cheers, tightfist

[boffster] 07/3/2016 20:17

On a basis of 40,000 oz and a profit of $400 an ounce, would result in over £11m per annum. On that basis we're currently trading on less than 3 times earnings.

[rajaster] 07/3/2016 15:44

i'm still under water here.. so for me <5p is cheap still.

[boffster] 07/3/2016 15:30

5p would still be way too cheap in my opinion.

[cotton4] 07/3/2016 13:49

And still significantly under valued.
At current gold prices ($1270) and AISC of $756, that should generate $19m of annual revenues or £13m, certainly more than enough to clear debt.

[rajaster] 07/3/2016 12:02

5p is becoming the target.

[francisthornhill] 04/3/2016 23:22

Finally. ....it is re rating. ...

[rajaster] 04/3/2016 10:01

1275.. price of gold .. flying now.. and we are starting to see the reratings..

[rajaster] 03/3/2016 10:46

we are no heading back towards 4p.. just wish this runs longer to 6p+.. but still need gold to move about 1300+ to break out correctly.

[rajaster] 15/2/2016 09:58

its the inverse effect.. markets have recovered since fridays 5500 low. But I also see this as a retest of 1200 for gold.

[sleveen] 15/2/2016 09:42

Quite a bit of selling this am, let's hope the POG will stabilise.

[sleveen] 15/2/2016 09:09

Looks like the rally in gold stocks and gold is over for the time being.


Gold stocks getting hammered eg SHG.

SRB not fairing much better.

[sleveen] 12/2/2016 18:01

Absolutely Boffster.

SHG style rerate due soon!

[boffster] 12/2/2016 15:36

Assuming 37,000 oz this year and an AISC of $850/oz, its simple maths to work out what sort of an annual profit we're looking at, and in my opinion, leaves us significantly undervalued. Things should be very exciting once Sao Chico is up to speed, and even more so if the gold rally continues.

[rajaster] 12/2/2016 11:19

sp has finally broken out again.. looking positive now.. should see 4p again fairly quickly.