Serabi Gold Share Discussion Threads

[kinloch] 14/8/2017 14:42

Drop in output cause of higher costs if they don't hit planned output this is the result we seem to lack stability in the process also feel that some tough decisions have to be taken on costs we need some progress to be apparent for the full year to restore some confidence.

[mofan] 14/8/2017 13:42

We need a huge discovery

[rajaster] 14/8/2017 12:21

financials reported.. AISC too high now.. they anticipated 950-975 not $1072.. whilst at current gold prices their making money..its not enough.. they blame a strengthening REAL.. my worry is that this is not going to change as the dollar is very strong vs all other currencys recently.. and this will continue to stregnthen..potentially causing the REAL the strengthen further yet.

[loganair] 27/7/2017 13:37

SP Angel - The operational setbacks during April and May seem to have been overcome with the company reporting “the improvement in the latter part of May and an excellent June” continuing into July. We look forward to Serabi Gold getting back on track during the third quarter.

[rajaster] 27/7/2017 09:25

update rns yesterday.. nothing spectacular.. seems business as usual.. but mentions there were some technical difficulties in april/may.. hence the newsleak and drop.. so time to move up again.

[rajaster] 21/7/2017 13:16

i might have a look again there.. thanks for the headsup.

[tightfist] 21/7/2017 11:11

Rajaster,Nice to finally see some buying action this morning at SRB. I am getting impatient for the Q2 report.O/T: Your's is impeccable timing on MML! How I wish I had cashed-up and forgotten MML 5 years ago, only to reawake in 2017!It has been one hell of a management and country-political 5-year journey, and the share price (ASX traded) is now beaten-down to a massive Risk/Reward proposition. The potential cash flow is eye-popping.For the last year, three funds have been mopping-up the minimal volume of loose shares from the Aussie traders to play a waiting game. They will now have clout with the BoD, something that is sorely needed IMO. There is still an active ADVFN BB.Cheers, tightfist

[rajaster] 20/7/2017 10:01

Thanks Tightfist.. I used to hold MML 5 years ago.. i'd forgotten about it now.. just wish i held on to CEY when i bought it on the drop at 90p or bought more when it hit 30p.. gold miners might have their day but gold will need to break out of its side trend first.

[tightfist] 19/7/2017 20:09

Shanta has some very specific in-country issues with Tanzanian government behaviour; I wouldn't draw any parallels with SRB and Brasil. Don't know about AAZ.I am not sure about junior miners getting hammered; it depends how junior is "Junior". I follow the GDXJ and it is up about 15% from the December low, same as its bigger sister GDX. But those juniors are still pretty large ($1b +) and getting larger - there is a very interesting and RECOMMENDEND article by Sprott on SeekingAlpha dated 9th July which talks through the market distortions that are going on, and the "front running".I still am thinking that Gold investors have been selling-down their Gold microcaps to put their money into those "front running" trades.However, Rick Rule suggests that in the next 18 months M&A activity will accelerate with the larger players using their highly-valued paper, driven by ETF buyers.Don't underestimate the impact of liquid ETF trading on illiquid underlying shares. This is one reason Medusa Mining got trashed to the situation it's in today - long investors at MML and SRB, etc will IMHO have their day, but who knows when?!Cheers, tightfist

[rajaster] 19/7/2017 10:54

It seems gold junior miners are being hammered, just look at other similar companies such as shanta and aaz(which is trading flat at the moment).

I am a little worried as i've had multiple chances to sell above my buy price and havent done so.. only to see the share price decimate again.. i really cant be bothered trading in out as i bought this as a long term hedge on gold and expected a better return by now considering the nature of the company the REAL.

I have spoken to mike in the past and they have been looking for further assets as far back as 3 years ago when they took sao chico.. its just a matter of whether it will be mutually beneficial or not.

[tightfist] 19/7/2017 10:15

PS: I meant a valuation anomaly across multiple Brasilian mines; at whatever stage of exploration, development, production, etc.

[tightfist] 19/7/2017 10:12

Hi Rajaster,Yes, I noted the large trade of (from memory) 919k @ 4.04p. It was a delayed report of a trade. Not sure of the reporting rules but logically it was a sale on Thursday late afternoon that enabled the healthy sequence of 4.25p Buys on Friday morning, which included mine.What does the seller know?!? Certainly interesting that they sell just before the Q2 numbers and pending (in my interpretation) corporate developments. Personally I am not unduly concerned because there is lots of scope for progressive organic expansion and (although I have never met him) Mike Hodgson comes over as straight-forward, prudent and savvy.If Fratelli and related parties want out they would surely look for a trade sale at a useful premium. I noted recently that there is a fund specialising in acquiring Brasilian Gold mines, so someone thinks there is a valuation anomaly?Cheers, tightfist

[rajaster] 18/7/2017 16:38

yeh good points tightfist.. ps they faciliated a large sell yesterday which showed late selling 900k shares.. i wonder if fratelli are selling.. who else hold that much stock?.. may be others are right about an impending placing?

[tightfist] 14/7/2017 12:54

One of those "scoopers" is me. Q2 update should be next week. There still seems to be a lot to like here; the low grade surface stockpile processing should be superceded by higher grade RoM ore soon? The Real has softened a little too.I wonder if a few holders are rotating out of micro-miners into the larger miners who seem to be outperforming? We are at/around a critical support level for miners, well demonstrated on the GDX chart.Cheers, tightfist

[rajaster] 14/7/2017 12:39

Newsleak?.. really baffled by this move to 4p again.. 4 250k buys today morning.. and another 100k shares.. so there is some one scooping them right now.. but its been a while since there was an update.

[tightfist] 13/7/2017 16:28

Or is just a few PI Stops being taken out? The Q2 update should be issued next week, maybe we will soon also hear about pace and funding of expansion plans - organic, renewed debt or equity, that is the question......

[kinloch] 13/7/2017 14:29

About time we were getting an update something is going on .

[rajaster] 12/7/2017 10:31

a load of sales too.. including one at 4.3p.. not sure whats going on.

[kinloch] 07/7/2017 13:53

A number of 50000 buys made this week does somebody know of news coming.

[tightfist] 05/7/2017 21:29

Hi Kinloch,

Last year's Q2 report was on 18th July, do you expect to see it a little earlier this year? The possibility of a share issue to accelerate expansion has been out there for a while; if so, I do hope it's to fund organic growth on/around existing, known properties rather than an acquisition with all the risks that could bring.

Cheers, tightfist

[kinloch] 05/7/2017 19:20

Up-date due next week hope its good.

[kinloch] 03/7/2017 20:52

A share issue could be coming to finance expansion all will be revealed soon.

[rajaster] 16/6/2017 09:26

did anyone attend the meeting.. ps i cant see any headers here any more.. might need a new thread here.

[rajaster] 13/6/2017 08:38

another agm has come around.. feels as if the share price has done the same thing for the last 4 years.. seriously dissappointed.. if any of you go can you mention that.