Serabi Gold Share Discussion Threads

[mofan] 13/7/2016 14:34

If the drop was to acquire shares it dose not seem to have worked.

[hraj] 13/7/2016 12:11

yeh..golds fallen.. but not by enough to see this type of drop.

[bsg] 13/7/2016 10:28

Bit of a savage drop.

[tightfist] 12/7/2016 11:54

Hi Cotton,Yes, 40k Oz surely has to be in the cards for this year, given the overall run-of-mine confidence and the 3rd ball mill coming in line to run-down the low grade surface ore stock piles. One wonders what ore can feed that mill in 2017?!I am looking for regularity of Sao Chico operations, horizontal developments at Palito and mill operational gearing to reduce AISC but the Real/USD has now strengthened 15% since December which is unhelpful especially if the trend continues. I suppose this might be just a blip if China and commodities weaken again, or maybe driven by Brasilian political instability?However, looking deeper it appears the 2015 Real average was around 3.34 (and enabled $892 AISC) which is about the level we are now, but the 2016 YTD average is helpfully around 15% weaker at 3.72 so H1 results in five weeks time should make good reading with H2 to play for alongside operational improvements. Certainly the market seems to finally like the story!Cheers, tightfist

[cotton4] 11/7/2016 20:44

More than a reasonable assumption. First qtr was just shy of 10,000 ounces.
They have found a solution to the Sao Chico issues and I expect better results from Sao Chico. The 3rd ball mill should now be in operation, which should help the 2nd part of the year and they have been tackling costs but these may be restrained by currency movements. I would be disappointed if they didn't make 40,000 ounces this year.

The price of gold is on an uptrend, I believe, due to negative interest rates in various countries. The chase for yield seems to be the order of the day and buying of stocks and bonds will only drive yields even lower. Its got to end sometime which may explain the defensive nature of these current markets. QE seems to be coming into fashion again which can only bolster the pog.

As for SRB, not a lot of shares available, given the holdings of major investors (66%) any significant buying will have a material affect on the share price.

[tightfist] 11/7/2016 16:09

Cotton,


In terms of near-term cash flow the 16th June AGM statement included:

"....This puts us well on target to achieving our guidance for the full year of 37,000 ounces...."

"....the Group's all-in sustaining costs of production (which amounted to US$892 per ounce in 2015)....".

That suggests 2016 cash-flow of £13.4m (if PoG remains at today's level, not allowing for the one-off redemption of the residual Sprott loan and a small outstanding Sprott call-option liability) versus a Mkt. Cap. of £43m. Personally I think they will beat both production guidance AND reduce from last year's AISC.


Is that a reasonable summary? tightfist

[rajaster] 11/7/2016 12:51

Hardly any volume but when there is this will be flying.

[bsg] 09/7/2016 09:00

Hardly any volume.

[rame4] 09/7/2016 08:09

Interesting tsx rise. News out on Currutela or Piaui?

[kinloch] 08/7/2016 21:43

SRB up over 22 per cent on the TSX ITS LOOKING GOOD.

[rajaster] 06/7/2016 16:18

6.5p qoute to sell 100k..not sure what l2 book makers are offering.. But think this is sets anyway.. However thats very positive.

[rajaster] 06/7/2016 13:34

Finally back above 6p..thats me happier.

[cotton4] 06/7/2016 09:57

Ar current gold price ($1370) and AISC of $850 profit $520 or £400 at 1.30 exchange rate.
Production of 40000 ozs =£16m . Currant market cap ~ £40m or <3 PE.
No brainer.

[rame4] 06/7/2016 09:14

Just waiting for that blockbuster acquisition or discovery to give SRB a mega boost it rightly deserves.

[rajaster] 28/6/2016 09:20

tightfist, seem to have recovered again must have been advfn doing some work.
charts wise can see some resistance at 7p however if taken out could easily see 8-10p and further 12p., depending on wether fundamentals allow this and the valuation of the company is fair. at £30 million i'd say maybe it would be fair to say we are not accounting for further growth and increasing revenues. will perhaps add to this later.

[tightfist] 27/6/2016 18:42

Hi Rajaster,It's not just you! I can see nothing above the daily chart, and a little text below the monthly.Cheers, tightfist

[rajaster] 27/6/2016 13:36

has anyone else lost the headers.. or is it just me?

[kinloch] 27/6/2016 12:27

Time for the bugs to be dusted down and enjoy what we hope is a sustained rise its been a long time coming.

[rajaster] 27/6/2016 10:23

Starting to gain traction now..above 5p.. Starting to see some good movement.

[spooky] 27/6/2016 10:23

Looks as though they are breaking out on their way to 7p IMO.

[rajaster] 16/6/2016 12:51

Cotton.. Well timed agm announcement and 10% rise

[cotton4] 15/6/2016 10:17

Probably tomorrow by way of an AGM statement

[rajaster] 15/6/2016 08:59

Golds back at 1280.. The reals slide seems to have stopped momentarily as the dollar weakens. We should recieve another update from the company soo. I look forward to seeing more news.

[rajaster] 24/5/2016 12:10

looks like gold little run might be over.

[colinvest] 16/5/2016 06:27

Could be paid off sooner then expected.