Serabi Gold Share Discussion Threads

[loganair] 28/8/2019 14:21

Even though the Italian government or non-government are all over the place, the yield on the Italian 10 year bond has just reached a historic low of 1.0%.

[ppvn] 28/8/2019 14:01

I gave up on mining prospects with no existing cashflow myself. Agree it looks very promising but they need significant cash to develop which leaves them a little at the mercy of a possible bid which may not be forthcoming or finance/dilution.

My view was Serabi make enough cash from their existing mines that Coringa and the other exploration targets leave a much lower risk profile with just as much upside potential.

True, the POG is really helping things look rosier across the mining spectrum, but the possibilities here are pretty dramatic. At limited risk of dilution/bad finance deals etc imo.

[bmnsa] 28/8/2019 13:39

CNR worth a look.

[loganair] 28/8/2019 13:07

For the first time since late 2007 the dividend yield on the S&P has dropped below that of the US 30 Year Treasury.

[ppvn] 28/8/2019 13:07

Feeling very positive about the share price for this afternoon.

[littlepuppi7] 28/8/2019 13:04

Did some more bad economic data drop? Gold on the move again... 1550 push coming?

[littlepuppi7] 28/8/2019 13:00

Gold has now outperformed the s and p 500! Since trump took over that is...

[loganair] 28/8/2019 12:56

After $1,560 the final resistance level is $1,617 then there is really nothing until the price of golds reaches its all time high.

[ppvn] 28/8/2019 12:56

Gold is currently teetering on an important level - but not in relation to the aggregate price.

Its teetering at a ratio of gold/S&P 500. Currently sat at 0.536 - a level not broken since 2016. If it can rise here it goes to a ratio of closer to 0.7 - a 25% gain from here...

[littlepuppi7] 28/8/2019 12:52

1550 is where I have resistance / support. It's had a tremendous run through from 1480 I think it's just consolidating mate... it will go through there is just too much going for it, I don't see a break till it's over 1600.

[loganair] 28/8/2019 12:48

It seems to me, the price of gold is struggling to go higher because of the next resistance level of $1,560.

[littlepuppi7] 28/8/2019 12:42

They are running out of shares again..

[littlepuppi7] 28/8/2019 12:26

From the latest exploration rns...CEO Mike Hodgson commented: "These are the final results from the Coringa 2018-2019 drill campaign, the initial results of which underpinned the NI 43-101 compliant geological resource update, details of which were issued on 4 March 2019. That update resulted in a 37% increase in the total geological resource, so I am very pleased with the results of these final holes, which were not fully included in that updated geological resource and should contribute to a further increase in the total geological resource. This drilling campaign, which began in the fourth quarter of 2018, has increased the Meio resource significantly, extending the payable zone by some 575m of strike length to the south. The last holes drilled, COR0381 and COR0383 were drilled into this payable southern extension, with both intersecting excellent grades over mineable widths. COR0383 is especially pleasing as it is close the southern limit of the new payable zone, and the results suggest there is even more potential to the south.

[74tom] 28/8/2019 12:19

Interesting post from Big Bite Now on LSE this morning;

“Good morning everyone,

The Management Discussion and Analysis document for Q2 highlights some very interesting points regarding the pending PEA estimate scheduled for release before the end of August.

To date Coringa has an indicated resource of 216,000 oz @ 7.95g/t and a total resource of 514,000 oz @ over 7g/t.

However, on page 14 of the MDA the company states the following ;

1. "On March 4, 2019, the Group announced an updated estimate of the Mineral Resources of the Coringa project which represented a 37% increase in the total global resource for the project to 514,000 ounces."

2. "The Group has, on the basis of his increased Mineral Resource, commenced work on the preparation of a new Preliminary Economic Assessment (PEA) the results of which, it is hoped, will be available before the end of August 2019."

3. "As detailed in a news release issued on 20 June 2019, some of the above results represent final certified laboratory
assay results and supercede previous results generated by the Group which had been included in the new mineral
resource estimation issued on 4 March 2019."

Those said results include 8 significant intersections ;

- "Galena - 2.0m @ 25.02 g/t Au from 141.50m (COR0367) including 1.0m @ 48.18g/t Au
- Meio #2 – 1.3m @ 32.04g/t Au (COR0373) from 144.75m including 0.5m @ 79.47g/t Au
- Meio #4 - 1.40m @ 15.82 g/t Au (COR0381) from 275.0m
- Meio #4 - 1.15m @ 9.69 g/t Au (COR0383) from 134.2m including 0.60 m @ 17.74 g/t Au"

4. "The Group also announced the result of further drilling that had not been included in this new mineral resource estimate."

5. "In addition, the Group has also undertaken a re-logging and re-sampling programme that was completed on historic Coringa drill holes in the first half of 2019."

"Re-sampling was completed on 43 of the 179 drill holes honouring geological contacts and quartz vein structures. A total of 92 core samples were analysed and significant grade increases reported in many mineralised intersections"

6. "Together with the additional drilling results, these improved intercepts are now being used in a further revision
of the geological resource estimate and will be incorporated in the PEA."

So the 514,000 oz total resource will be affected by final certified lab assay results, which demonstrate significant gold intersections, further drilling results, and the re-sampling of core samples that show "significant grade increases."

What exact affect these combined results will have on the Coringa PEA is not known but from where i am sitting it looks like the market could be in for a surprise and at a time when gold is hot and very much in favor.”



Thoughts?

[borisjohnsonshair] 28/8/2019 11:11

Consultants!

[tidy 2] 28/8/2019 11:05

"The consultants have undertaken to Serabi that the results will be available before the end of August and will make every effort to deliver them earlier "

[tightfist] 28/8/2019 11:03

Agreed, Bombers post was star and an additional aspect is that interest rates are now lower such that debt servicing costs will be reduced (and/or the discount rate will be reduced?)......

[ppvn] 28/8/2019 10:43

Gold at $1,543 is pretty positive imo! Following Bombers excellent post from last night it does remind that Coringa in its present undeveloped guise is worth c. 2/3 of our current market cap.

[loganair] 28/8/2019 10:40

However it is down in BRLs...Only really positive when the price of gold is up in BRLS, USD & GBP.

[74tom] 28/8/2019 10:40

Yep, if gold breaks $1550 it could rapidly head to the next resistance at $1630 or so...

[littlepuppi7] 28/8/2019 10:37

See if it holds but gold just turned higher. Go go gold!

[borisjohnsonshair] 28/8/2019 10:24

Yes - we are seeing some buys from an hour ago. I suspect we could see an increase in the offer soon.

[littlepuppi7] 28/8/2019 09:53

Yes this is a classic sit on your hands as it has been for the last 6 months. Srb is in price discovery and the trend is higher. Pea could be with us literally any moment. Possibly intraday and support a significant price movement. I would not be selling any time soon.

[ppvn] 28/8/2019 09:35

What do you do if you have no stock?

Drop the bid and see if anyone panics! Hard to tell sometimes with this one due to the fact that seemingly anything over 10k is delayed but it seems to me a pretty schoolboy tactic.

Sure will be up at the highs again shortly!

[borisjohnsonshair] 28/8/2019 09:30

Oh - that's rubbish!!! Dropping.