Serabi Gold Share Discussion Threads

[waterloo01] 12/8/2019 11:38

Taken initial stake. Adding to gold holdings. HOC/GGP/PHAU.

I think it would be wise to have 20% of everyones PF in gold and gold miners. Long way to run as the financial system creeks and crumbles!

[loganair] 12/8/2019 11:35

Negative interest rates - no bank has an incentive to lend therefore there is going to be a credit crunch in Europe.

Also bad for companies that offer pensions as they need to plan 30 or 40 years in advance and are unable to do so while their are negative interest rates. Also bad for the pensioners as they are going to get smaller pensions = less money to spend. Savers have less interest = less money to spend.

The only way out of the current spiral into nothingness is to raise interest raters and to raise then fast.

Raise interest rates to 5%, let all the zombie companies that have been allowed to live on life support with cheap debt die then reallocate these resources to increase growth and productivity.

[littlepuppi7] 12/8/2019 11:30

1 seller left 68 now... is it me or have we added a 5th mm?

[littlepuppi7] 12/8/2019 11:14

This should be 100p already. Has not really reacted at all to the significant gold re rate. Cey has flown up.

[loganair] 12/8/2019 11:11

I am not surprised that the price of gold is rising today with Hong Kong airport now closed and all flights cancelled for the rest of the day.

[littlepuppi7] 12/8/2019 11:05

Gold now up 8 dollars and powering on...

[littlepuppi7] 12/8/2019 10:31

1 mm left at 66.. had another 2000 myself...

[littlepuppi7] 12/8/2019 10:02

Pea as well at some point this month then Cinderella sheer, further stepnout drilling, so much news flows coming here...

[tightfist] 12/8/2019 10:02

They really are trying hard with their delayed trades reporting this morning!!

[borisjohnsonshair] 12/8/2019 09:15

It's all about timing!!!!!

[littlepuppi7] 12/8/2019 08:35

Yep results are out Wednesday.

[tightfist] 12/8/2019 06:45

PS: H1 interim results are I believe scheduled for this Wednesday

[tightfist] 12/8/2019 06:43

Hi Kenny,Good to see you around, and fresh interest in SRB! There is lots of info buried within this thread - take a look at their PDAC strategy presentation in the spring, maybe my feedback from the AGM in mid June. The last AR is a good read too and mentions a "funding package" to bring the third mine, Coringa, into production and is the subject of an eagerly awaited PEA committed by end August.Risk?: CEO MH seems a good communicative guy IMHO and has expressed that licensing Coringa is the biggest hurdle they face in 2019.Good luck! tightfist

[kennyp52] 11/8/2019 20:48

With POG having risen I have taken a holding in this with profits from CEY to spread it about a bit . Is there an update due this week ? Based purely on the numbers , my uninformed view is this must be generating significant cash . Just taking 1st quarter profit $1550M ... this was off an average gold price of $1287 with and AISC of $1021 . So the increase in POG is pure profit and if they find a way of increasing production the AISC , which is quite high for 100% confidence , will also fall . So it is interesting to see they may have the opportunity to do this via ... whatever the mine is called ... by 2021 ?? That this could almost be self funding at this POG ??

[tightfist] 11/8/2019 20:02

With the 2020 H1 results just issued, the Ore Sorter delivering, Coringa licensed and funded, and initial drilling results off the Sao Chico anomalies - IMHO no problem!

[tightfist] 11/8/2019 19:23

Yes, I agree they COULD, but will they? These guys are pretty acquisitive and the CEO/CFO have very modest shareholding's to boot.....

[borisjohnsonshair] 11/8/2019 18:24

You'd expect price of 200p then, which is my target. Earlier than 2021, I predict. Mid 2020.

[borisjohnsonshair] 11/8/2019 18:23

Be nice to have additional £160,000 added to pension income.

[loganair] 11/8/2019 18:16

As I've posted a number of times before, I think Serabi could easily start paying a dividend from 2021 as by then they are likely to have an EPS of 20p.

[ppvn] 11/8/2019 17:32

Hey tightfist,

Here you go - from the Sept 2018 RNS:

Serabi and Sprott have agreed to extend the repayment terms of the Loan which will now have a maturity date of 30 June 2020 and will be repaid in 22 monthly instalments commencing on 30 September 2018.    The Loan originally had a maturity date of 30 September 2018.

[tightfist] 11/8/2019 17:24

Hi PPVN,I hope you are correct about the loan redemption, but with their appetite for cash (inc desirable exploration around highly prospective anomalies) in the context of a forthcoming funding package I just have a hunch...... hope I am wrong!Regarding divis, I like them as much as the next man, but with prospective marginal returns on projects like Coringa, and loan cost like Sprott, please just make it a token gesture IMO!Cheers, tightfist

[ppvn] 11/8/2019 17:12

Hi Tightfist,

No, no statement - but when the loan was increased to the $8m amount it was confirmed in the RNS that it was repayable in equal installments until June 2020 - so I worked out the approximate interest amount (I didn't bother with the compounding), the calculated the amount of each repayment (around $370k per month from memory).

[borisjohnsonshair] 11/8/2019 17:06

Yes. The finance required in the medium term will mean not likely but they could suggest 2021 when Coringa production starts.

[loganair] 11/8/2019 17:03

I wish Serabi would at least mention in their financial reports that they are working towards paying a dividend in the future and what their criteria are to reward us patient share holders.

[tightfist] 11/8/2019 17:03

Hi PPVN,Thanks. Just checking, have you seen a periodic statement on the progressive reduction of the Sprott loan balance? .Whilst PoG is exciting and cashflow building nicely, at the risk of sounding boring there is the need to fund the final acquisition instalment for Coringa (~£12m) and the capex to then bring it on-line (£23m??). In the last AR I think they suggested the financing package would strive to be non-dilutive - not sure about the boundaries of that. It would be interesting to back-calculate the affordable pace of Coringa roll-out deploying only organic cash flow....... That cannot have been the base plan, but PoG has taken off since..In parallel we have confirmed intentions to continue drilling, which will cost cash as well..Roll-on Wednesday!, tightfist