Serabi Gold Share Discussion Threads

[sleveen] 18/1/2019 17:19

Great set of OPERATIONAL results.

A cautious person might ask why no financials?

[ppvn] 18/1/2019 16:30

Gave up a bit of ground today but good to see more buys than sells. Interest here does seem to be slowly increasing (from a very, very low base!!).

[sherry35] 18/1/2019 04:45

Northern Miner published a summary on SBI's 2018 production and future expansion plans/targets.



The source for the article:

[sherry35] 18/1/2019 00:46

I noticed the ore sorter to be commissioned "in the second half of 2019" where the "management expects to see an increase in gold production in 2019, with production forecast to be in the range of 40,000-44,000 ounces." I thought this was to be commissioned 1Q19. I wonder what the gating factors that's moved the commissioning to second half.

[laptop15] 17/1/2019 19:07

https://twitter.com/laptop1515/status/1085870316029730816?s=19Key indicators showing BUY on all indicators now :)

[laptop15] 17/1/2019 19:06

https://twitter.com/laptop1515/status/1085916911127461889?s=19

[ppvn] 17/1/2019 11:09

Geochemistry and possibly drilling the anomalies that the HTEM survey picked up would be a decent move as sherry has alluded to.

I sincerely hope this is the much lauded double bottom and serabi can recover from here. Market cap still laughable and just hope they can get more people to trade the name. The directors need to show some confidence and buy; so much potential and it's just slipping by unnoticed.

[laptop15] 17/1/2019 08:30

CORINGA drilling to be completed by end of January so could be some very exciting results from our new 3rd gold mine on the way :))

[ppvn] 17/1/2019 07:25

Certainly not too much to argue with in there. Only disappointment for me is that the x-ray sorter commissioning isn't going to happen until H2 2019.

This takes production back to where we were and the PoG has also bounced back to 2017 conclusion levels. Will the share price reflect? Certainly with some director buys we'd be off to the races.

[laptop15] 17/1/2019 07:24

https://twitter.com/laptop1515/status/1085799479750451200

[laptop15] 17/1/2019 07:10

Grest Quarterslies, 20% increase in production from Q3, 20% increase in grade, highest quarterly production of the year. Over 10,000 oz and has passed last years production also. Some nice exploration parts to the RNS Also

[laptop15] 16/1/2019 22:23

Hi Sherry, I'm living in Dublin but from England originally. I just sent a couple of emails to the address on website, had no response to first one and they got a big response to second one. I've sent another one yesterday and waiting for a response. Just sent you a private message too.

[sherry35] 16/1/2019 18:13

Laptop - Its to know that the officer team responds to some investors. Are you living in the UK? Us CDN investors seem to get the cold shoulder when leave inquiries on their cell phone inboxes and SBI Web page. I find this very frustrating that officer team and IR firm never respond to CDNs.

Anyways, please inquire about their drill program this year. With the forecast increase in POG by Goldman, I would like to see two to three drills operting on the three mining properties. One drill should be dedicated to drilling up targets on the Sao Chico permits.

[laptop15] 16/1/2019 12:45

Yes Anyday now for the quarterlies, Clive came back from his holidays on Monday so I'm guessing he's busy preparing the figures with Mike.

[ppvn] 15/1/2019 13:53

Q4 results this week? Last year was on 18th Jan.

Fingers crossed there is news on many fronts; need a bit of positive info here!

[sherry35] 15/1/2019 00:50

Newmont acquires Goldcorp for $10B. Very bold move with gold miners recovering from a beating over the prior two to three months.



I'm wondering if there have been any offers fro SBI given its growing operations and YUGE exploration upside. I believe ELD still holds a small position. American Eagle is close by as well.

[tightfist] 14/1/2019 21:34

I encountered CL (incognito but recognised!) in the Autumn of 2007. We had a pleasant and reasonably direct chat; I found him a really likeable and sincere fellow so I am not surprised at his response to you.I aim to get along to the SRB AGM this June and finally get to meet MH, I get positive vibes about him too.

[laptop15] 14/1/2019 14:54

I won't copy and paste a private email Logan but I will pick a few ponts and summarise it later when i get a chance. It was pretty long and very decent of Clive to take the time to do it.

[loganair] 14/1/2019 13:42

Lap - please will you post copy of e-mail.

[laptop15] 14/1/2019 13:24

Just had a very impressive response to an email i sent to Clive Line the financial director at Serabi Gold. One of the longest emails I have every recieved from a company. It fills me with confidence in the BOD and the direction that the company is going in. Very polite and nice that he took the time to respond in such detail. Nothing market sensitive but a good response.

[loganair] 14/1/2019 12:51

If Serabi are able to reduce the cost of production by the $150 per ounce as promised is the equivalent of a $150 rise in the price of gold.

[tightfist] 14/1/2019 12:46

The good thing about a high cost of production is that a rising PoG leads to a disproportionate increase in margin. However, patience looks to still be a requirement! Other goldies are on the rise so IMO we are likely to see tatty selling to put capital to work elsewhere? I hope we are going to see a substantial share price rise before the Coringa final payment becomes due! Hence my recent comment/enquiry about cashflow.Sprott has become a familiar name to followers of SRB. Has anyone looked at their ETF's SGDM and SGDJ? They are pretty focussed and judging by SRB Sprott have the network to see under the surface?Cheers, tightfist

[laptop15] 14/1/2019 11:38

On a positive note gold is edging up to the $1300 Mark which will help :) also we should have sold the gold shipment that it mentions in the previous quarter so gold sales should be better in Q4.