Serabi Gold Share Discussion Threads

[borisjohnsonshair] 07/10/2019 14:55

Tipping point. No shares and liquidity but punters keen. Will gap in style soon. L2 impressive

[borisjohnsonshair] 04/10/2019 10:41

100p leg up coming.

[tightfist] 04/10/2019 08:14

Agreed, for Q3 the Tailings facility should be continuing to deliver - as you say the PoG in Reais will be good news but maybe only in the H2 financials?.I am hopeful of reassurance on Ore Sorter commissioning progress, most likely within a brr media interview towards the end of this month? .An added bonus would be some early (soil sampling?) results (or a farm-in partnership) around the SC anomalies, prior to a drilling programme?.Cheers, tightfist

[ppvn] 03/10/2019 14:27

Think the ore sorter is currently being commissioned. Effect has been provisioned for zero effect in 2019 with an uptick in 2020.

So think the only real effect on q3 financials/production should be the improvement in Gold price in reais by about 20%...

[bluturtle] 03/10/2019 14:07

What date was the ore sorter up and running and will we see the effect of the ore sorter in the next financial report?

[loganair] 03/10/2019 12:28

I think overall SRB communicate pretty well with their private retail investors and do not wish the management spending lots of their time putting out reams of RNSs instead of concentrating on the important job at hand, that is to get Coringa up and running.

[tightfist] 03/10/2019 12:07

O/T: Yes, until/ unless we see a transformation in shareholder comms. it's probably healthy to view ALTN as a "flutter"; maybe I am hooked on the LSE's version of the Lottery!

[ppvn] 03/10/2019 11:11

Yes, very confident in this stock tightfist and think the next leap up is almost upon us?

P.s. I bought a few Altyn as a bit of a flutter!

[tightfist] 03/10/2019 10:06

Good to see trading that is starting to establish 80p as the next higher prospective support level......

[kennyp52] 02/10/2019 19:16

Hold you to that Loganair ... it certainly would be a transformational price

[loganair] 02/10/2019 15:40

A few weeks ago I posted that I thought the price of gold would have a dramatic fall back to the $1,400 area, like pulling back a catapult, giving the price of gold new energy to be catapulted forward to $1,600/$1,650 per ounce.

I believe $1,650 for the price of gold is a realistic target looking forward 6 months.

[ppvn] 02/10/2019 14:10

I think there are a load of pundits that have become accustomed over the past decade to gold going down.

Rates going nowhere but negative, risks and bubbles everywhere, gold is and always has been an excellent store of value. Its certainly no bubble which leaves one direction for it to go imo, and it isn't down.

But that's why I've got 80%+ of my PF in gold equities.

And as for patience, tightfist - we were using that term a lot last year! I think we are closer than ever to the share price making us a jolly nice return...

[tightfist] 02/10/2019 14:00

Agreed, but SENTIMENT in gold miner investing may suffer; so the fundamentals may dip and yet more patience be required!

[borisjohnsonshair] 02/10/2019 13:11

Ummmm, there's equal opinion suggesting collapse and rapid rise. Based on the last 10 years and how screwed up the world is, I'll make my own kind up. Gold can't go below 1200 or most mining would stop. SRB can still make a fortune and be worth much more even at this price.

[loganair] 02/10/2019 10:04

The last RNS update was on the 6th September, less then 1 month ago. So no need to feel worried or uneasy about how things are going with SRB.

[ppvn] 02/10/2019 09:57

Ha, agree on that Logan!

But in this instance not sure it's a case of wanting an update, just discussing what and when news might come along.

You must admit, it has gone awfully quiet? Calm before the storm!

[loganair] 02/10/2019 09:38

I do not get it, when it comes to junior miners and oil producers, posters often expect updates to be continually coming through whereas posters do not be expect the same for companies such as BHP, BP or Shell.

[ppvn] 02/10/2019 09:32

Hey Bojo,

Not sure re. the stagnation but it is what it is! It'll perk up when it's good and ready I suppose!

Next update I'm expecting should be Q3 production numbers (I expect in around 2 weeks rather than a month?) but they usually put out a detailed management discussion doc on their website at that time. Hopefully it'll contain news of exploration drill schedule, possibly some soil geochemistry results that were completed in H1, and I guess we might hear news on further exploration plans that Mike alluded to at the gold conference (I.e. the other industry players potentially looking at the larger anomaly that bisects their tenement from East to West).

Quite happy here for now and hopefully plenty in the pipe to come.

[borisjohnsonshair] 02/10/2019 08:11

How can this be so stagnant???? When do we expect an update on exploration. Anything before Q3 results at the end of Oct?

[tightfist] 01/10/2019 19:07

It's a while since I came out of Shanta; have they (off the shirt tails of the big mining player) sorted the jurisdiction issues? Tanzania was starting to look a prime candidate for resource nationalisation within their national political manoeuvres, in favour of Chinese interests.......Is it resolved now, as far as it can ever be; Brasil feels a lot more stable to me and the mining community must have a strong voice..Cheers, tightfist

[loganair] 01/10/2019 09:54

I understand "They carry a lot of debt, operating profit forecast to be lower in the next two years compared with Serabi ($10mm and -$1.9mm in 2020 and 2021 respectively)" it seems to me because of this even though their gold mined is doubled that of SRB their market cap is only 45% higher and not double considering Shanta mine double the number of ounces of gold then SRB do.

[ppvn] 01/10/2019 09:50

Hey Logan,

I said EV was more than double, not market cap. Two very different things!

[loganair] 01/10/2019 09:40

The directors of Shanta Gold are also talking about paying a dividend in the future which SRB are not.

PPVN - It seems to me Shanta Gold market cap is 45% higher then SRB, not double because of the reasons you give.