Serabi Gold Share Discussion Threads

[tightfist] 06/8/2019 08:36

Whoops, 14th!,

[tightfist] 06/8/2019 08:35

Agreed - Yesterday's RNS pull-back recovery was very swift..Thanks for the brr link, Clive is obviously intent on keeping things calm, sounded confident on Q2 results and operations for next Wednesday (7th)..No mention of an interim resources upgrade we speculated about a few weeks ago. The funding package will the be the next step; whilst not a great fan of hedging, one wonders what PoG option deal could be negotiated with Sprott in this environment....

[cinoib] 05/8/2019 23:10

Good and gold just spiked again now $1473.

[74tom] 05/8/2019 22:29

Not sure if everyone noticed the short webcast released this afternoon;



Confirms half year results will be released on 14th August - should reaffirm to the market that SRB is in great shape.

[74tom] 05/8/2019 22:21

The speed that the share price rebounded from the RNS drop was so impressive.

The annual report is explicit in their short term goal of producing 100k Oz in 2020, if they hit target and gold remains around $1500 Oz, I think £2+ is easily feasible. You also very quickly get into dividend territory which is another game changer (see AAZ for the impact that has).

Finally, only around 12m share in free float, now Garraway seem to be clear there shouldn’t be anything to hold back a re-rate to fair value (around £1 at present IMO).

[littlepuppi7] 05/8/2019 21:46

Do a bit of a google on currency war China... looks like things are really starting to ignite. It's like the ugly contest. What will shine brightest is gold! If we can clear 61p and I think there is an ii buying here as well.. it's a good op to grab another decent chunk. I think we will be straight back into the 70's

[loganair] 05/8/2019 20:07

and 5,818 BRLs.

[cinoib] 05/8/2019 19:26

14470 after we closed and still holding in the mid 1460's.

[1kiwi] 05/8/2019 16:01

Gold alot closer to the pivotol $1500 than $1400 ;)

[littlepuppi7] 05/8/2019 15:42

Just look at gold. Up almost 30 now.

[littlepuppi7] 05/8/2019 15:10

90p. Add a 1 and it's sensible

[1kiwi] 05/8/2019 14:56

Zak Mir 90p target

hxxps://www.share-talk.com/share-talk-bulletin-board-heroes-thursday-18th-july-2019/

[ppvn] 05/8/2019 14:53

The previous PEA had the AISC around the $750 / oz mark if I remember correctly.

Drying out tailings isn't going to break the bank I don't think...

[jeanesy] 05/8/2019 14:51

Thanks PPVN that might explain why the price suddenly dropped. More expensive means less profit obviously. We will have to wait a little while loner then to see what the PEA is going to be. Price action since makes me believe that maybe just maybe that the seller has done.

[ppvn] 05/8/2019 14:44

Dry stacking is slightly more expensive than using tailings dams.

Coringa had previously been approved on the basis of tailings ponds- the two currently in use at Palito are 8m high so not the most massive of structures.

However, if you consider the two massive failures of tailings dams in recent times in Brazil (iron ore ones many times larger than the small ponds serabi have) - for a small cost they can switch to dry stacking as they confirmed back in Jan time. Its covered in the video where Mike is infront of their plant in Brazil from memory.

Basically they are pre-empting any local concerns to building a mine. Think it's pretty prudent myself - they only process 500tpd or thereabouts so not a huge volume of waste anyway.

[loganair] 05/8/2019 14:37

A trade spat has now started between Japan and South Korea as well.

[jeanesy] 05/8/2019 14:37

Just got back in to see its all been happening here. Does anyone know the implications of switching to the stacking rather than the tailings dam ?

[1kiwi] 05/8/2019 14:30

US Open, futures down, equities down. Chinese retaliate to Trump tarrifs, Gold soaring. Testing $1465, anymore of a spat between Trump and China and I think $1500 is on the cards folks ;)

[1kiwi] 05/8/2019 14:18

Look at all the delayed buys, no wonder the mms dropped it

[littlepuppi7] 05/8/2019 14:16

Mm's just got rinsed.

[1kiwi] 05/8/2019 14:09

Gold testing $1465

[1kiwi] 05/8/2019 14:01

31K Buy order in intraday auction at 60p

[mwainw1973] 05/8/2019 13:59

Happy for you, I almost hit the sell button before the drop wishes I did after now not so bothered lol. Could have made a quick buck though lol

[borisjohnsonshair] 05/8/2019 13:57

200p x 750,000.