Serabi Gold Share Discussion Threads

[kinloch] 24/1/2018 20:14

About time we saw some effect of the present up-lift in the gold price in the share price if we are 200 dollars an ounce higher than the last update we should have some excellent figures on the earnings side
We await with interest to see what the effect on the share price will be.

[sleveen] 18/1/2018 08:36

SHG also had good Q4 update and recovering operationally...may be worth a look.

[lalria] 18/1/2018 07:33

Good update and end to your. Let's see some action in the share price

[tightfist] 12/1/2018 09:54

I missed this very useful brr update which goes well beyond the title, talks about the Pallito strike length possibilities, puts some flesh on the bones of the on-going Pallito drilling campaign and the potential ore-sorting performance. hXXps://www.brrmedia.co.uk/broadcasts/5a2cf9d6758e796a8ac09159/serabi-gold-updated-mineral-resource-and-mineral-reserve-statementGood to see the tick-up this morning! Cheers, tightfist

[lalria] 04/1/2018 23:01

I would buy more of these but the spread is absolutely crazy ranging between 15% _- 21% over the last week. Are they trying to stir people away from buying

[tightfist] 02/1/2018 09:36

Yes, a good brr overview of the potential (organic and acquisition) at Serabi and some of the synergy opportunities. The obvious "missing" is financing/cash flow. As at 30.09 there was $9.8m cash balance; the initial Coringa $5m cash payment was internally funded, and they should IMO be able to fund the second $5m from a modest increase in debt whilst simultaneously bearing the increasing Palito drilling costs.At the start of 2019 the Palito ore-sorter should be operational and enable a step-change increase in production (provided they can extract sufficient ore from underground).Is it conceivable that they can fund the final Coringa $12m at the end of 2019 with organic cash and further debt? Alternatively, Fratelli wouldn't be willing to be a by-stander in an equity fundraising at these levels.Happy New Year everyone! tightfist

[kinloch] 29/12/2017 21:34

Thanks Raj a much slicker presentation this time a lot of things to take place in the near future and as money becomes more available as a result of improving gold output and price slowly but surely this little operation has a great future patience is required.
Also have to say how excellent the site looks from the shots we have seen this can be a good indicator of how efficiently the plant is managed.Well done to those concerned.
We have a nice move on the tsx to-night maybe a sign of growing confidence.

[rajaster] 22/12/2017 08:38

RNS of aquisition total cost $22 million.. ouch when:

Book value, as at 30 September 2017, attributed by Anfield to property, plant and equipment being acquired, including a 750 tonnes per day crushing, milling and CIP process plant, is C$20.8 million.

Thats book value of $16.8 million USD. seems eqpensive.. and $5 issued in shares.. more dilution is due when they go ahead in a few months and then another 10 million in due time, so alot of duilution..coupled with debt. not looking good here.

[rajaster] 20/12/2017 16:22

hi tightfist.. its price action thats worrying me along with previous messages.. the costs have been much higher this year.. not sure how the real has behaved but this has just not moved up as i would have liked it to.. in the same time i've seen the likes of CEY/AAZ and a few others fly higher.

[tightfist] 20/12/2017 11:07

This looks pretty daft to me. They are building a nice small mining business and getting punished.Raj, you seem to be convinced of an imminent placing to fund Coringa. Is it really like that? Can they find with debt and internally-generated cash, even if they have to rein-back on drilling at Palito?

[rajaster] 20/12/2017 10:20

another 7% down.. i dont think 3p will hold for long.. headed back to around 2.5p.. depends on the dilution price too.

[tightfist] 11/12/2017 22:00

Hi,Advance drilling to increase Reserves/Resources in narrow vein mines is an expensive game, hence the comment on cost control. They can continue to drill but possibly only in relation to medium term gold production. There is lots of evidence that additional resources will be accessible in the fullness of time, but how much will that lack of certainty suppress the sp?Maybe I have missed a more definitive plan to reach 60,000 Oz from Palito combined with Sao Chico? The ore sorter should help considerably at low capex cost - is MH wary of making those commitments?

[rajaster] 11/12/2017 14:46

until the rumours of placing are confirmed or denied the shareprice will linger..

the resource isnt huge in comparison to other miners.. its quite small.

[kinloch] 11/12/2017 12:07

A good timely up- date people should see the future plans more clearly for the existing mines any other time this would have had a very positive effect on the shareprice patience is the name of the game.

[tightfist] 07/12/2017 11:35

Hi Logan,Maybe I am missing something. From what I can see Fratelli had a small holding prior to 2012. Since then they have bought four tranches of shares (338.7m) for total of £19.3m - average purchase price 5.69p. Suggests to me they are about £8m underwater at present?Fratelli have definitely made some money on the recent loans, but isn't that comparatively modest?If Fratelli are not bothered about the share price (more important must be incentivising management and related holders) then I suppose trashing the share price to increase above ~55% holding would suit them.I see that MH and CL only actually own 1.2m shares (0.2%). However the Directors had options over~42m which have now lapsed down to around 28m (4%) on average priced at around 5p. Of course, if they dilute I suppose the options will get reset......Bringing in a new ii for a substantial placing at these levels could appeal and get some liquidity into this share, so that it starts to respond to news flow., and supports more business growth.Cheers, tightfist

[loganair] 07/12/2017 09:06

Fratelli make a lot of money out of Serabi's cheap paper they've picked up.

[tightfist] 06/12/2017 21:33

I suppose it all depends on how much they want to expend on drilling whilst simultaneously conserving operating cash flow to part-fund the deferred consideration for Coringa in 24 months time.Speculating about a large placing at 3p sounds dire. However, it could bring in a new ii and substantially dilute Fratelli and may actually work out well - MH did say a while ago that an acquisition could present such an opportunity.How much more could they squeeze out of Sprott - can they go with some convertibles?I sometimes wonder why Fratelli just don't make a cheeky offer for the rest of the SRB shares? It does seem ludicrously undervalued at these levels. That would put us all out of our misery!Cheers, tightfist

[bsg] 06/12/2017 17:45

Looks like a sub 3p placing now. Probably quite large as well.

[bsg] 01/12/2017 23:33

MM's probably don't even know what the company does, they're just drumming up volume.

[kinloch] 01/12/2017 20:59

Could be a ploy by mms to obtain cheap stock knowing the future could be a good story.

[rajaster] 29/11/2017 13:23

Dilution may increase supply liquidity but it waters down what i own..is it worth it for that..current mc of 20 million.

[rajaster] 29/11/2017 12:42

At price at thisbrate they eill send it below 3p..what happened to growing organically..and why are fratelli not bothered..they bought in at an avergae 5p.

[sleveen] 29/11/2017 12:25

There is going to be equity based funding for the 3rd tranche acquisition payment IMV

"The Board of Serabi considers that the Initial Consideration and the
first instalment of the Deferred Consideration can be settled from an
extension of its existing loan facilities and current cash holdings and
is evaluating a number of options for the longer term development
finance requirements of the Coringa project and the Company's existing
organic growth prospects. "