Serabi Gold Share Discussion Threads

[jeanesy] 04/9/2019 20:22

It is very unusual for a share to rise in price when news is delayed !!

[sherry35] 04/9/2019 20:18

littlepuppi7 - Hey, you stole my thunder on TSX news. You stay on your side of the pond.

[littlepuppi7] 04/9/2019 19:57

Tsx up to 1.38!!

[littlepuppi7] 04/9/2019 18:39

Ps 52 week high in usd just hit.

[littlepuppi7] 04/9/2019 18:39

Donald's been tweeting as well. Says he is gonna get even tougher on China and it's the Eu next. They will be made to pay as well... go Donald more tweets!

[loganair] 04/9/2019 18:27

Must due to a weakening USD and the price of gold is down in other currencies.

[littlepuppi7] 04/9/2019 18:19

Gold just popped. Solidly above 1550.. if it holds 90p tomorrow imo.

[tightfist] 04/9/2019 17:53

HI PPVN,Interesting "take" on how you see SRB as primarily an Explorer. Conversely I see it (ie value it) as a rapidly expanding cash-generative, modest debt, producer with solid management, operating in a weak currency economy - combined with considerable exploration potential upside. I have been burnt over the years by gold "explorers" who are IMO largely not accountable for success. Not to say that the SC Anomalies and Cinderella are not interesting - but merely seen at present as holding large upside potential.Each to their own! tightfist

[littlepuppi7] 04/9/2019 17:26

SRB hitting 52 week high on the TSX, gold is blue.. If it closes over 1550, be nice to power through 90p tomorrow AM.

[ppvn] 04/9/2019 16:28

I really hope so!

[littlepuppi7] 04/9/2019 16:15

So will we get the PEA tomorrow?!

[littlepuppi7] 04/9/2019 14:40

Gold trying to push 1550 again.. transformative for srb

[borisjohnsonshair] 04/9/2019 14:14

I agree. The current MCAP doesn't even do the production justice. That's not fully priced in and everything else zero!! It's a nutty misnomer. These things get corrected eventually.

[ppvn] 04/9/2019 13:55

Serabi are still very much an explorer with some very compelling targets to drill in the near term (Cindarella and the anomalies to the West of Sao Chico in particular). Valuation based on existing cashflow doesn't necessarily take that into account imo - but depends on how you want to look at them.

I view the company as an explorer with excellent existing cashflow generation - the acquisition of Coringa is now showing a positive return imo but as your numbers allude, there is more to come.

[borisjohnsonshair] 04/9/2019 13:52

Thank you.

[cotton4] 04/9/2019 13:23

On a PE of 10

2019 $60m
2020 $210m
2021 $340M

[borisjohnsonshair] 04/9/2019 12:45

What's your approx valuation based on profit and PE ratio? Unless you haven't got a clue what you are talking about perhaps you need to double check the MCAP.

[bmnsa] 04/9/2019 12:30

Sometimes:(

[mofan] 04/9/2019 12:17

Good time to sell. Good news priced in and usually drops even on good news. Then buy back in!!

[littlepuppi7] 04/9/2019 10:31

Think it's going to be more a case of just how good. Remember they have already revised Corninga higher by 39 percent since purchase. The price of gold is substantially higher. It's going to be good.

[croasdalelfc] 04/9/2019 09:02

Dying for a PEA

[littlepuppi7] 04/9/2019 08:18

Boris, agree 150p highly likely this year..

Remember it looks like the whole area is rich with gold... Cinderella shear, step out drilling, its a very unexplored area, and we already have those areas in our current license :-)

[littlepuppi7] 04/9/2019 08:17

Thanks for that tightfist... Into the nineties today, this is still stupid cheap.. So much info to come...

Kenny they are only working on the dry tailings element to the best of my knowledge..

[tightfist] 04/9/2019 07:49

Worth remembering simultaneous background in PoG upwards movement. Currently simple margin (over AISC $1,085) is up 124% from H1 average PoG.....