Serabi Gold Share Discussion Threads

[ppvn] 23/7/2019 14:48

New interview with Mike available on the serabi homepage - talks about current cash balance (c.$12mm) as well as funding options for Coringa - sounds very positive.

[loganair] 23/7/2019 14:32

All good for the Price of Gold:


Charles Schwab - ECB, will go for more QE and are running out of things to buy will only drive interest rates of Euro bonds further into negative territory.

I can easily see the interest rate on German Bunds going to -1.0% or lower as investors know that the ECB will come in and pay more for their Bunds then they paid for them.

Interest rates at -1.0% with nominal inflation at 2.5% or as it seems to me more like 5% to 8% because I see many things being sold in smaller quantities for the same price (18% less for the same price of £2 means a 9% increase in price which is not reflected in the official inflation rate.) This gives a real inflation rate of 3.5% or a great deal higher if using my inflation rate.



JP Morgan - ECB may have to follow the BOJ (Bank of Japan) and start buying equities.

[loganair] 23/7/2019 13:58

Am I looking at a different price of gold to other posters as all I'm seeing and have seen over the past month is gold trading plus or minus $10 around the $1,420 per ounce.

[gregpeck7] 23/7/2019 13:55

Watch that gold price move.. 1425 now

[ppvn] 23/7/2019 12:48

Hi tightfist,

I'm probably not the best person to be comparing your PF against; I break all the rules with regard to concentration risk / diversification etc.

My balance for precious miner stocks is around 80% of my PF; that's balanced across an ISA, SIPP as well as managed fund. So I have 3 miners that I hold in the SIPP and ISA and hold a managed PM fund in another pension which I rotated into in mid 2015. Serabi was around 5% but then when they dropped under 30p I upped that to around 10%, and then the subsequent rise in share price has elevated that to around 20% at today's price. I probably should rebalance but whilst there are other companies I could invest in, when comparing them up against serabi (and do bear in mind I have patience and am happy to wait for 2021 and onward) I'm not sure their growth potential is anywhere near as likely or as good.

The remainder (c.20%) is held in other micro caps that I just have a bit of a flutter on. After a good few years of aim shares and being bitten occasionally I seem to have improved my selections somewhat - I'm much more careful now as to what "jam tomorrow" statements I buy! Ha

[tightfist] 23/7/2019 11:50

IIRC the speculation around the Finance Package completion was by January 2020. What is the current Sprott loan timing? - around the same time? ......To secure the best deals they will want the provisional licence issued beforehand?

[tightfist] 23/7/2019 11:46

Hi PPVN,I am in as deep as I think "outrageously prudent". Out of interest are you prepared to share what '%ages you have in Serabi and in Gold Miners overall? THIS MORNING I am 8+% in SRB and 22% in four other miners - quite different to two weeks ago..Not as extreme as another poster who stated 100% of his share portfolio was in SRB..Cheers, tightfist

[loganair] 23/7/2019 11:43

It seems to me that cryptos are now completely dead in the water in both China and India who have 1/3rd of the worlds population and by 2050 will be the number 1 & 2 economies in the world by GDP.

[tightfist] 23/7/2019 11:34

I agree with an awful lot that is said. I am not sure the promise of Austerity was ever a mass-market vote winner and similarly I only think that thinking people are questioning the value of money.But it's only opinions - interest rates and PoG movements are facts!

[loganair] 23/7/2019 10:57

MoneyWeek - Make no mistake, the US government is ramping up spending in a pretty dramatic way. The deficit (the annual overspend) is already set to hit more than 4% this year and next.

It’s another step down the road to central bank money printing giving way to more direct intervention from governments.

As investors, I don’t think you can underestimate the importance of this shift. After the 2008 financial crisis, debt was the enemy. We kept racking it up, but people weren’t happy or comfortable about it.

Now, that’s changing. After years of quantitative easing by central banks, people are questioning the nature of money itself, and the idea that printing to spend might have consequences. Even the illusion of promising “austerityR21; or “fiscal responsibility”; is no longer a vote winner.

The next batch of elections around the world will essentially boil down to competitions to promise financial benefits to competing sets of lobby groups. You could argue that this has always been the case, but now we’re losing even the pretence that it isn’t.

[ppvn] 23/7/2019 10:53

After the recent(ish) rise I guess a period of consolidation is warranted. Like you I'm here for a good while.

Because the POG only rose really in June significantly the q2 financials won't fully reflect the uplift to Serabi. We have the Coringa PEA shortly but there could be some further opportunities to buy here. The finance package for Coringa is due to be finalised this quarter too, is it not?

If we hang around these levels I might get a chance to pry open the purse strings again. Come 2021 I believe and hope Serabi will be unrecognisable from this market cap.

[tightfist] 23/7/2019 10:38

Ouch! I suppose anyone who bought during the last 12 months can still bank a profit..... (apart from mid June onwards).IMO Happy to hold for a long while yet!

[gregpeck7] 22/7/2019 16:03

60 area proving hard to crack. Once it does then no resistance...

[tightfist] 22/7/2019 09:01

Yes, remember the known influences on likely production, IMO. Firstly the scrubber/trommel is finally up-and-running and should enable H2 guidance. By 2020 the Ore Sorter should be been commissioned, at least on Palito ore. Hopefully we will have Coringa coming on stream, I am guessing PH have it contributing in H2 2020? IIRC Peel Hunt have pencilled-in around 69kOz for 2020.We have to remember the tailings stock is finite and most things seem to happen slightly more slowly than we would like; Coringa licensing is the biggest challenge?.And then there is the unfolding PoG story...... And the funding package for Coringa and what it entails....Cheers, tightfist

[gregpeck7] 22/7/2019 08:35

Pa which is an increase on last year. The big increase will come when we get Corninga online.

[gregpeck7] 22/7/2019 08:35

?! Are you reading the same rns? We are on track for projected guidance?

[kennyp52] 22/7/2019 08:29

Poor RNS in my view when production goes backward and if repeated then not going to achieve guidance ?

[ironstorm] 22/7/2019 08:18

Good news. I liked the big increase to come next year and there must be a chance that this might start sometime in the last qtr. Enabling them to beat expectations.

PEA expected this month with More news on permitting over the coming months.

Starting to hot up.

[borisjohnsonshair] 22/7/2019 08:11

So they make circa $30M is this!!!

[gregpeck7] 22/7/2019 07:59

Think it's around 850 per ounce..

[borisjohnsonshair] 22/7/2019 07:42

What's the cost to market & sale?

[gregpeck7] 22/7/2019 07:08

Great rns. From strength to strength.

[sherry35] 21/7/2019 17:29

Here is a mfg'er of ore sorting equipment. As you scroll down, you'll see two "segments", one for quartz and one for sulphides. Click on each box for more details.



Given the relatively small size and efficiencies of the ore sorting units, I'm wondering if the SRB executive team have considered partially milling the Sao Chico ore on site, prior to trucking to the Palitao plant. This would reduce shipping costs and allow for some reject waste to be returned to mine.