Serabi Gold Share Discussion Threads

[hraj] 12/8/2016 08:26

RNS today... 38% increase in revenue.. drop in debt to 2million$.. further june 2016 just over 1 million, however Brazilian real strengthening (high interest+olympics affect with in ward flow of money) has lead to an increase in AISC.. now looking at $985. sao chico production only started jan 2016.. so not included in accounts for previous years guidance(if i read that right).

[cotton4] 05/8/2016 07:57

Second half results will be out next Friday or a week on Monday. Expecting at least a 33% increase in profits with sales coming in close to $13m and profits over $2m. Current quarter should be even better subject to costs and the pog holding up. We also have the exploration results possibly before the end of the year. A positive result here will be welcome. All in all a lot to look forward to. IMO

[cascudi] 18/7/2016 15:22

gold price last year went down just before august and then it started to climb again. i don`t think gold climbing is over but for sure people are taking profit...

the world economy does not change every 2 weeks otherwise usa will have increase interest rate in the last meeting.. but they seem to not be able to predict their economy..

if gold has climbed in the last 6 months is because there are people in us who think that usa market is too high and start to be risky...

this is my modest opinion.

[bsg] 18/7/2016 14:46

Who thinks gold is going to fill the gap down to $1260?

[bsg] 18/7/2016 14:16

A divi would be nice.

[hraj] 18/7/2016 13:54

definitely an interesting RNS.. hopefully once debt is paid off and thes a freeflow of operating profits we can start seeing the company buy back shares from frattelli.. or a cash buy out from them for multiples of the current price(we wish).

[rame4] 18/7/2016 10:46

This is really worth keeping an eye on...

"During the second quarter, underground exploration drilling has commenced at Sao Chico. A programme of approximately 6,000 metres is planned to test the down dip continuity of the central ore zone. The first hole, completed within the last seven days, reported an intersection of 46.2 g/t of gold over a drilled width of 2.32 metre, approximately 240 metres from surface and 100 metres down-dip from the current lowest developed level."

[colinvest] 18/7/2016 07:31

High potential is being realised, and reflected in the 1/2 yearly statement out today. Good possibility of shares being re-rated any time soon.

[hraj] 14/7/2016 16:15

interest rates remain the same... gold weaker for now.. gbp strenghtens.

[hraj] 14/7/2016 11:25

carneys bank of england interest rate decision will decide what happens to gold.. interest rate cut will see gold move higher again(so i think).. lets see what happens.

[tightfist] 14/7/2016 09:40

It seems to be working a little more this morning. On the face of it, a curious time to be selling with H1 results imminent, but I guess there are other Goldies to buy into, going in the opposite direction...

[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.