Serabi Gold Share Discussion Threads

[littlepuppi7] 27/8/2019 14:11

Ppvn, I'm sure I have seen an article from Mike that said Coringa dev cost would be 22 to 24m will try and dig it out ( that's usd )

[ppvn] 27/8/2019 13:43

Hi tightfist,

Agree up to a point re. further expenses at Coringa, though personally I don't share the concern particularly - and I hope the PEA goes some way to clearing this up for all of us.

They have well over $12mm in cash on hand. Due to the movement in the POG, I strongly suspect this has risen since their last cash balance was revealed. So that's the final payment sorted.

The cost of developing Coringa I guess will be relatively consistent with the Anfield PEA - I say this is my expectation because Serabi have spent a fair amount of capex on Coringa this year (thus presumably reducing the $28mm Anfield PEA cost) but then choosing to go with the dry stacking tailings (presumably increasing capex).

When Coringa is operational and contributing around 32k oz, basing on $1,500 POG and $900 AISC (think POG will be higher and AISC lower) - well that's around $20mm p.a. earnings. Surely that would be serviceable on a secured loan over Coringa?? Has to be better than a wonga/convertible/options loan deal, surely?!

[tightfist] 27/8/2019 13:30

Yes, but...... Coringa = Risk at present? Before we reach revenue take-off we should have permitting, funding package (more debt; worst case - new Call option, convertibles or private placing?) OR delay to generate organic cash, construction, underground exploration, ore stock-piling, commissioning, etc. .Not that I am at all negative, just a realist. Crazy to think that with all the positive developments we have only just recovered to the price Greenstone paid 15 months ago!!.Cheers, tightfist

[littlepuppi7] 27/8/2019 13:06

Nt to buy and gold looking perky.. next leg up starting.. oh poor little day traders from earlier about to get locked out.

[littlepuppi7] 27/8/2019 12:38

Agree cey just popped. I see this flying again though. It's just pausing for breath here.

[ppvn] 27/8/2019 12:27

Definitely lagging other juniors today.

Rather than the PEA being a value addition in itself, hopefully it just gives cause to people to look over the investment case for Serabi. It's crazy the share price is where it is imo.

[loganair] 27/8/2019 12:01

Looking into it a little, $1,560 is the next Resistance level and $1,617 is the last Resistance level for the price of gold.

[loganair] 27/8/2019 11:12

Democracy comes from the Greek meaning the Power of the People over the Elites and nobles of society.

Joe Swinson of the Liberals in the UK has said, even if there is a second EU referendum and again the people vote to leave she will still do every thing she can to stop the UK from leaving the EU.

Demo - The people
Cracy - Rule

[tightfist] 27/8/2019 10:37

Agreed, absolutely ludicrous..... but, be careful, our version of democracy is also currently challenged, at least in my view......

[ppvn] 27/8/2019 09:41

I enjoyed that Trump was calling Liu He "Vice Chairman". He's the lead negotiator in the talks.

It's just hot air.

[ppvn] 27/8/2019 09:34

It is irritating re. trump and his wild tweeting.

This "deal" with china reminds me of a lot of aim stocks though - jam tomorrow!! Honest!

Luckily this particular aim stock is making jam today. Increasing amounts of it!

[loganair] 27/8/2019 09:32

I think it's getting ridiculous how the price of gold and the stock market seem to completely dependent on the latest 'Tweet' by Trump as he seems to change his views on a daily basis.

[tightfist] 27/8/2019 09:30

Volume is very pleasing - teetering on the verge of a potential Cup & Handle breakout.....

[borisjohnsonshair] 27/8/2019 09:29

I'm in big profit but keeping til 150-200p

[ppvn] 27/8/2019 09:23

Yeah I thought that too Bojo. I guess it's to be expected though? Anyone who's bought in the past year is basically in profit at this point so maybe that could be the source.

Doesn't particularly worry me. In fact I think this volume and direction is very pleasing! Let's see where we end up today.

[borisjohnsonshair] 27/8/2019 09:23

Short lived rally. I'm afraid it's not launch time yet.

[borisjohnsonshair] 27/8/2019 09:16

Lots of people seem happy to sell

[bmnsa] 27/8/2019 09:13

'Breakout '

[littlepuppi7] 27/8/2019 08:35

1 mm on offer at 75 and they have around 20,000 shares..

[littlepuppi7] 27/8/2019 08:33

73.4 is buying...I'm expecting us to not be on the seventies long. 80p plus is where this is going.

[borisjohnsonshair] 27/8/2019 08:31

Offer 75p. It's a bargain but takes bravery to get in. Still at least half price.

[littlepuppi7] 27/8/2019 08:23

Yup. Just look at other gold miners. It's going to be a very good day. Srb has barely moved since gold was 1400. Its due a significant rise.