Serabi Gold Share Discussion Threads

[loganair] 13/8/2019 11:09

and 6,110 BRLs per oz that is up 123 BRLs / 2.02% on the day.

[littlepuppi7] 13/8/2019 11:06

Gold 1532. My understanding is no hedges.

[ppvn] 13/8/2019 11:04

Well the good news is at current POG and FX, serabi will be more than twice as profitable as they were in Q1 (though this won't be reflected in tomorrow's results).

They really could stand a fair crack at being self funded for Coringa if this continues. I personally think the $12m final payment for the mine was one of the major reasons this didn't rise more last year and early this year - they have that cash on hand.

They should be able to access some fairly attractive debt deals with this kind of cashflow. If Coringa is non-dilutive and at a more favourable debt package than the Sprott / wonga deal, then I'll be very happy.

[littlepuppi7] 13/8/2019 10:39

Half year results but may well contain additional updates.

[kennyp52] 13/8/2019 10:29

We need to depopulate the whole of the rain forest regions and send them all up in rocket ships to populate mars . Sorted . Is it financial or production report tomorrow ? If they have no hedge pricing this could be juicy and turbo charge the share price ????

[borisjohnsonshair] 13/8/2019 10:27

Yep. Get rid of red meat, waste and better distribution and we'd be fine for 20B lazy sods.

[loganair] 13/8/2019 10:20

Off gold for a moment - the equivalent of the whole area of China planted with food is wasted every year.

15% of all food bought in the UK is just dumped in the bins by the consumers who didn't consume the food they bought.

[ppvn] 13/8/2019 10:20

Well there certainly have been lots of buys and few sells today!

Find myself wondering if a seller is still about? Shares must be coming from somewhere - though I hope there can't be many left of them at this point now!

[borisjohnsonshair] 13/8/2019 10:19

The constant buys are eaten by delayed displayed sales. Weird but I think this will rocket at some point.

[littlepuppi7] 13/8/2019 10:19

Online limits just plunged.. this is going up again soon.

[littlepuppi7] 13/8/2019 10:15

Ha haGold hammering higher...

[borisjohnsonshair] 13/8/2019 10:06

Lots of crops left to rot in the USA and very few slim people!

[littlepuppi7] 13/8/2019 10:03

In nature there are population surges and we 'the all knowing super clever ones' as we like to think have culls and 'manage populations' because we are so clever. We really should be culling ourselves! Not the local deer or badgers!

[littlepuppi7] 13/8/2019 10:02

I think the world is overpopulated mate. Without artificial fertilisers the world can support around 1 billion people... ultimately over population will be the ruin of us all as it's a very difficult issue to tackle without being called all sorts of rather unpleasant things. But we cannot go on like this...

[borisjohnsonshair] 13/8/2019 09:51

Why at all slightly large trades delayed an hour. £6K isnt a large trade.

[borisjohnsonshair] 13/8/2019 09:47

8 year terms needs.

[millwallfan] 13/8/2019 09:46

There are under 60 million shares in issue so if we do get to say a conservative 60,000 oz per annum in 12 months time @ $600 profit and a reasonable P/E of 10 then surely we would all be in dreamland ????????????

[loganair] 13/8/2019 09:42

I disagree about the world being over populated being the problem...

The last boom the world had 2000-2008 was driven by the consumer which only drove short term growth.

The world needs to put in place drivers for long term productive growth instead of all this cheap money to try an continue to get the consumer to spend.

It seems to me this happens because the consumers are the voters and all the politicians care about is getting reelected again and again no matter how much damaged the politicians cause to get reelected.

[littlepuppi7] 13/8/2019 09:38

2 mm's left at 70 starting to crack the wall...

[borisjohnsonshair] 13/8/2019 09:02

Markets are slow to react sometimes and often people can't do math however the H1 reports for many miners are coming out so the affect on bottom line can't be missed!!! The rise in gold is very large now and 100% profit. From 6 month ago many miners profits will have risen 100-200%

[ppvn] 13/8/2019 08:59

People would have laughed in 2002 if you'd said gold will hit $1,900. It was $200 back then...

[loganair] 13/8/2019 08:55

The price of gold $1,526 & 6,084 BRLs.

[tidy 2] 13/8/2019 08:32

According to the World Gold Council, central banks purchased nearly 70 percent more gold during the first quarter of the year than they did during the previous year's corresponding period.That's the most they bought since the first quarter of 2013.