Serabi Gold Share Discussion Threads

[tightfist] 24/1/2017 15:17

Cotton,I think momentum may improve when we see cash accumulating on the balance sheet. A maiden dividend would help too - have you seen any tentative approach to a dividend policy?Cheers, tightfist

[cotton4] 23/1/2017 16:09

4th Qtr less than 3rd Qtr. Yields from Palito poor. No update on drilling campaign.
Brazialian real on the up. Still a waiting game.

[broncowarrior] 23/1/2017 13:22

Looked a pretty good update to me but seems a lack of interest given volume. Can anyone provide an insight why please? Looks interesting.

[hraj] 23/1/2017 10:45

Thanks tightfist.. i noticed the same in the 2007 annual report in regards to the mining method.

still no share price boost here despite gold starting to show signs of recover at 1215. looks positive, and i hope in time we can see this as a 100 million company producing 50k ounce-100k.. i may contact mike hodgson to ask some questions as there was no brr update today.

[tightfist] 23/1/2017 10:37

Hraj,To your question, I understand that the original Canadian? company changed the mining method at Palito to increase production by mechanising mining in a Narrow Vein mine and lost control of grade - and hence lost control of cash costs and the company then failed. After the buy-out by Serabi the mine was re-opened as a narrow vein stoping operation.The other stuff you are looking for including debt repayment update will be in the year-end Financial Report. Today we have AISC guidance of $950-$975; I guess that is a judged balance between production efficiencies (referred to) and the wretched strengthening of the Reis.All looks good to me; I especially like the grades now being delivered from Sao Chico.Cheers, tightfist

[hraj] 23/1/2017 09:00

AISC was confirmed no?, i didn't see any mention of the debt repayment notification?.. maybe another RNS is coming. I still don't understand how in 2008 they were producing 53k per annum.. why has this company gone backwards? what was then difference between the and now. Also there is no mention of the total resource and mine life..or am i missing some RNS..

[sleveen] 23/1/2017 08:06

Decent operational update, it would have been nice to have the AISC confirmed.

[hraj] 19/1/2017 11:13

so in answer to my own question from yesterday .. theres was a large 250k shares sale worth £12.5k worked through yesterday as well as a few other 50k sells.. all which appeared at the end of the day. the bids dropped to 4.75 again today, but a buyer has taken 125ks worth at 5.25p. wonder when this news is going to come.

[rajaster] 18/1/2017 23:15

Yeh i feel the same here.. Feels like ive been here 3 years now.. And the price has halved and back up in that time.. Reading rnss going back to 1999.. This company hasnt really delivered and prior to 2008 had gone bust.. What i dont understand is that they were producing gold for aisc $300..so now $950..how are costs so much higher??

[loganair] 18/1/2017 15:52

I am really disappointed in the share price of SRB. I bought at the same time as Highland Gold (HGM), while HGM share price has risen 5 fold SRB is around the same price as it was 2 years ago even though production in well up and the debt nearly paid off.

A couple of years ago the likes of IC, Share Mag and Money Week were saying that at the end of that finacial year SRB would be re-rated with a share price target of 15p and when the finals came out the share price hardly moved a jot.

[hraj] 18/1/2017 14:06

i wonder when there will be some news.. been over a month since the last rns.

[hraj] 18/1/2017 09:50

one sale worth £103 and the mms drop the bid to 5p how does that work???

[sleveen] 11/1/2017 09:09

Marked up on 20k buy.

Hold tight MM short of stock, this is going higher.

IMHO.

[hraj] 09/1/2017 14:26

it looks like its bottoming now.. if it is .. then it could be the right time place for it to head higher again from.

[sleveen] 06/1/2017 16:26

I would think so, but I said that at the Q3 results and look what happened in Nov/Dec (though POG weakened significantly)...

[hraj] 06/1/2017 11:49

Nice to see upwards now..hopefully back above 5p and 6p soon

[kinloch] 06/1/2017 10:26

Buys are coming in now another tick up due.

[sleveen] 06/1/2017 09:33

SRB should be throwing off cash (even allowing for explo capex)now that the loan has been repaid.

[hraj] 06/1/2017 06:26

This was manipulated yesterday 500k buy which 485k were later sold. Another 100k buy was also sold after a bit.. I think someone was testing the waters before holding onto some.

[abergele] 05/1/2017 21:36

news perhaps soon??

[tightfist] 05/1/2017 17:19

Today is the best volume for 6 months, so somebody is alive out there!

[kinloch] 05/1/2017 13:41

the share price is being manipulated when you see the the dealings today..stake building is going on with
blocks of 50k and now 500k i think its watch this space time.

[tightfist] 05/1/2017 09:03

Good to see a trickle of interest this morning, not before time! I guess we will have to wait another four weeks for a Q4 update, debt pay-down news, etc. Unfortunately after a brief respite the Real is strengthening again so the immediate AISC outlook could be even more disappointing. Hopefully the drilling results and growth outlook will see us good and also turn the tide on AISC in due course.Cheers, tightfist

[sleveen] 05/1/2017 08:19

Buyers returning on the back of POG rally?

[hraj] 04/1/2017 18:44

Well its 2017..hopefully some news very soon that the debts been payed off.