Serabi Gold Share Discussion Threads

[cinoib] 19/8/2019 13:45

Gold down $20 earlier is the main reason for drop as buys out number sells 2-1 is same across most gold stocks today but gold is now recovering and is within cents of $1500 again so the shorters are starting to smoulder again. So just sit tight or even grab a few more like a lot are doing at bargain prices, remember news by next Friday at the latest, so said the company. The world situation is not improving nor will it for at least 3 years as it will take that long for companies to go under and governments to wake up to the mess they have self inflicted.

[loganair] 19/8/2019 13:38

Germany looking at a €50bln stimulus package when in a full blown recession, however the markets want it now to prevent a full blown recession.

It seems to me is done now would not prevent a full blown recession rather just kick going into a recession 6 months further down the road.

[littlepuppi7] 19/8/2019 13:23

Tom the final payment is now covered imo... that risk should be off the table now..

[tightfist] 19/8/2019 13:19

The Funding Package negotiated and finalised by January, I think. Permitting??

[74tom] 19/8/2019 13:15

True, you’d like to think that good progress on permitting & funding will be made between the PEA release and final payment in December...

[tightfist] 19/8/2019 13:04

Personally, with the cash balance and quarterly cash generation I don't see much risk with making the Final Payment; IMO its the permitting, funding and affordable pace thereafter that's uncertain.... hurry up PEA!

[74tom] 19/8/2019 12:58

The seller must be on their last legs now surely... looking forward to the PEA in the next few days to get more clarity on future plans. As earlier posts have alluded to, the market has nothing positively priced in for Coringa, just a huge amount of risk related to the final payment.

[tightfist] 19/8/2019 10:42

As I recall, Fratelli are a family of Chilean billionaires who bought in a lot higher (IIRC at 120p and then 100p? new money) several years ago. They also have a "concert party" associate smaller investor?They obviously have their reasons to back the public listings and stand back, particularly whilst Greenstone came on-board 15 months ago at 72p.But yes, I find it good to know they are stood in the wings, tightfist

[loganair] 19/8/2019 10:32

Price of gold falling a little, may because the CEO of Apple has had a word with Trump not to disrupt Apples supply chain when it come to China and therefore Risk is back on.

[ppvn] 19/8/2019 10:11

Make yourself feel better by researching the identity of Fratelli as well as their average purchase prices...

[borisjohnsonshair] 19/8/2019 09:49

I've no idea. This is just bizarre .

[littlepuppi7] 19/8/2019 09:48

Totally ridiculous sell off just have to let it play out. Mm's will milk the muppet is sellers who will no doubt try and buy back in when it's rising..

[borisjohnsonshair] 19/8/2019 09:42

Selling continues but still can't buy.

[littlepuppi7] 19/8/2019 09:26

Gold price going for a bath today providing another buying op here, even though it's not really risen on the run to 1500.... take advantage... Dow futures coming off a bit.. would not surprise me if there was an almighty turnaround today.

[littlepuppi7] 18/8/2019 22:30

tightfist yes, this is my view.. I have been very vocal repeatedly about the preferred way to raise capital - if required...

I was pretty much spot on for my H1 forecasts - I was out on my FY.... As has been pointed out it looks higher, particularly as we may have delayed inventory selling..

So I am factoring 1.4m per month FCF going forward....

We may need a "lump" to get things off the ground but this IS a transformational event.

In my eyes, the city have called interest rates wrong, they have called gold wrong, and they are full of scumbags wanting to make money, but they are not the brightest. They have got this all wrong..

They will now be battering the door down of the like of Serabi, looking to get in cheap, do the numbers, get a "big name" on the share register, and basically milk this..


We must NOT let this happen..

Serabi is an absolute gem and we need the board to now defend it and make sure it is not exploited. We are primed for explosive growth and its the long suffering and holding shareholders that should benefit, not city clowns with a good suit.

Wall street futures pointing down, hopefully another strong week for gold - it should be.

Do not let your shares go cheap people, once this seller is cleared this will quickly rerate and you will be glad you did not trade or sell before value was properly recognised, in this case, we are talking multiples...

The board need their eye on the ball now and we must make sure they keep it there.

[tightfist] 18/8/2019 21:25

Hi littlepuppi, I agree with you - my hunch is also that (if necessary) a slightly slower start-up at Coringa whilst enabling the accumulation of organic-generated cash but with NO dilution would be preferable. That is not to deter the company taking on increased and moderately costly short-term debt.Before I start any lobbying I want to read the PEA including costs, over-run facilities, risks and timescales. I hope it also outlines other company cash requirements, especially to progress drilling at Sao Chico.We do seem to be approaching IMO a significant (even transformational?) development for SRB.Cheers, tightfist

[borisjohnsonshair] 18/8/2019 21:05

If you are an insider you should keep it quiet!! When is your trading window - not this close to news.

[littlepuppi7] 18/8/2019 18:50

I am emphasising to the director as strongly as I can my views around moving Coringa forward. I won't share here but dilution is my least favoured option unless at a share price significantly higher than here. This is a critical moment for serabi. We should all be making our views known to the board. I would also prefer a slower development of Coringa if that meant no dilution. Tightfist, referring your point about the value of Coringa. Serabi has a really difficult time buying it, the sellers knew they had a great resource and it took a lot of effort to get that deal over the line. I think it was a bargain then and I think it's even more of a bargain now. I may be wrong , I frequently am but I think this will be a very strong week for srb. The pea will be a game changer and it's moments away in relative terms. For us insiders I would strongly suggest you load up here ASAP as this will not be this cheap for much longer.

[tightfist] 18/8/2019 14:37

Yes, I agree, and am working on him! 2p is the real traded spread, 4p Yellow Strip is pretty exceptional. And I take your point about the recent pick-up in volume - hopefully that will not all go away when the seller is finished.....

[tightfist] 18/8/2019 14:29

Yes, I was reflecting that the purchase price of Coringa was contracted whilst PoG was fluctuating across the $1,200's whilst we now have PoG currently at $1,500 AND meanwhile significantly increased the resources/prospects. What is not to like?In the Annual Report at the bottom of page 7 it says that it's plans are to ".....supplement it's working capital with appropriate levels of debt and other financing instruments that are non-dilutive for shareholders". No guarantees but the BoD recognises stakeholders desires.Hopefully another positive week ahead! tightfist

[littlepuppi7] 18/8/2019 12:57

Hong Kong protests still very volatile.. gold should do well

[littlepuppi7] 17/8/2019 19:16

Looks like Argentina will default....

All good for gold!

[kennyp52] 17/8/2019 17:32

Serabi is on the up that is crystal clear . The share price will recognise value in time . The debt free future is very appealing and similar to where CEY have been for some time. It seems that our fear the share price suffering from a distressed seller were correct so it could be a nice rise in the company coming week .

[littlepuppi7] 17/8/2019 08:36

lol

That reply made me laugh....

Boris, its always been a slightly strange situation. I think the value gap was created for a number of reasons.. The long period of the gold price not moving is one, and that was across the board for gold miners. Also Coringa's acquisition has left uncertainty about funding here and whether we could even afford the final payment for that acquisition.. Remember - as you say, Serabi is worth 30 odd million, they paid over 20 million for Coringa!

Then there is the development of Coringa...

I think once the PEA lands, which is imminent, shortly after that we will make the final payment, Serabi will be "debt free" with around 1.5m USD FCF per month coming in, but with another huge copycat resource to go after it will be a very nice situation to be in....

I hope we develop the mine with FCF and small debt (say 5m) so we can get off to a quick start in terms of getting some initial production going and improving cash flow... I would rather, personally, develop the mine slower but not get diluted again... I could live with a small dilution - maybe 10% if the board think its needed but I would rather we didn't issue more shares now...

What is great is we are in a very strong position now, and that was not always clear that would be where we would get to.. Because of the uncertainties, SRB has struggled to hold a higher value, but looking at the trading, the new faces, and the newsflow landing now, that is changing fast.

Remember there is a ton of exploration results to come out as well, so there really is loads of newsflow due here over the coming weeks and months, its a really exciting time...

Its very frustrating being in the 60p range soon, but I really do believe this will suddenly jump through the 70's and we will be in a new trading range very soon as this low price is not sustainable...