Serabi Gold Share Discussion Threads

[ppvn] 27/11/2019 14:32

Not me, but not too worried about the selling. It's happened a couple of times before and I'm sure it'll happen again.

Bottom line is where I think the share price will be in a couple of years!

[borisjohnsonshair] 27/11/2019 08:50

Got it thanks

[tightfist] 27/11/2019 08:25

Hi BJH, the Stockopedia methodology divides the entire chosen market into percentiles, based on proprietary measures of Quality, Value and Momentum of which EACH comprise 6-8 factors. SRB scores at the the 95%'ile currently - take a look at their website..Regarding the brokers, only one is currently forecasting re: SRB. They are not named but my guess would be Peel Hunt; maybe another poster has access to their latest note..Cheers, tightfist

[cbeadle] 27/11/2019 07:39

Hopefully a good rise today after yesterday’s 10% run in Toronto

[borisjohnsonshair] 27/11/2019 07:11

Thanks but I'm confused. The forecast is lifted to 95-100 or 180, or do you mean a rise of 95-100 to 180? Which broker has raised this forecast? Thanks in advance

[tightfist] 27/11/2019 06:55

Getting back to focus on investing and SRB...... has anyone else noticed that a revised broker forecast was released within the first half of November? Stockopedia Stockrank has now lifted to 95/100 and transitioned to "Super Stock" status. .2019 Forecast Revenue has been reduced by $(3)m(-5%) whilst revenue for 2020 FY is now forecast to increase YoY by $16m to $76m (around 50.5kOz @ $1,500?). Of that, $12m is forecast to drop to the Net Profit line; presumably mainly the prospects of the Ore Sorter and would deliver a PP/E of only 4.5.IMO these are tasty operational forecasts, just have to keep an eye on Coringa start-up and Exploration cash requirements.Broker target price was raised later to $2.33 (182p).Lots to look forward to, tightfist

[borisjohnsonshair] 26/11/2019 21:00

Up 10.5% in Canada - equivalent of 86p.

[tightfist] 26/11/2019 19:06

Yes, #4493 came about and the 4.20 resistance level was broken. Just wish we could see the BRL weakness coming through more within the reported AISC.....

[loganair] 26/11/2019 15:03

The Brazilian currency hits a record low against the USD at 4.25 BRL to the USD.

[trader365] 25/11/2019 21:48

You think you know what I own? Tit. You're a very big investor because you sit in front of your screen all day wincing at every penny move, try going to the gym fatty

[tightfist] 23/11/2019 17:10

Hi Divmad,As Ironstorm already has said I cannot see the need for a placing and IIRC the CEO has now explicitly ruled one out to fund the Coringa project. With the PoG Tailwind at the end of Q3 they had accumulated sufficient cash to complete the last phase of Coringa purchase. They are generating considerable quarterly FCF which provides flexibility to pay-down the Sprott loan and/or fund the capex for Coringa at the chosen pace and/or undertake SC exploration drilling.IMO early in 2020 they will roll-over and increase the Sprott (or similar) loan facility and keep the pedal-on-the-metal WRT Coringa development - unless PoG weakens considerably.Cheers, tightfist

[ironstorm] 22/11/2019 19:16

I don’t see why they would need to do that. They have the case and are chucking it out.

[divmad] 22/11/2019 17:31

Anyone here think a placing is coming, to fund upcoming debt payments and Coringa?

[borisjohnsonshair] 20/11/2019 13:09

If the US sees sense they'll not do a deal. If they do they'll quickly realise the Chinese are not honouring it. Then tariffs will be back or a total disconnect.

[loganair] 20/11/2019 12:03

The Central Bank of the Republic of Turkey (CBRT) was the largest buyer of gold for national reserves of any nation in the third quarter of 2019, acquiring an additional 71.4 tonnes of gold bullion.

Russia themselves have continued their long-running gold acquisition, with another 34.9 tonnes added in Q3 while China added a smaller 21.8 tonnes in the same three-month period.

Many smaller nations are also beginning to pursue physical gold reserves, with the UAE continuing to buy with 4.9 tonnes added, Qatar 3.1 tonnes, Kenya 1.9 tonnes, Kazakhstan 2.1 tonnes and Serbia 9 tonnes.

Regardless of which type of gold investors are after, the lowering of interest rates is helping to remove most if not all of gold’s opportunity costs – costs experienced due to gold’s lack of a yield.

Rate cuts are also indicative of economic fragility. Gold’s demand may have slipped recently due to the potential of a first phase, part deal between the United States and China, but central banks are still keen to diversify with gold, and investors as a whole are increasingly more aware of each round of poor economic figures coming from central banks, financial institutes, and economic analysts.

[tightfist] 20/11/2019 10:27

Overnight the BRL/USD flirted above the 4.20 resistance level which it has touched several times over the last 4 years. Maybe it can breakthrough this time......a bit more Tailwind for SRB?

[borisjohnsonshair] 20/11/2019 07:54

China / US relationship taking a nose dive, which is good for the world and gold. Need to sanction China to destruction. A strong China is an unsafe world.

[bomber13] 19/11/2019 20:13

Ditto , many thanks HBR , a cracking find .

I particularly liked the comment about Brazil being under explored for gold , and that Nicolas Banados thought that Serabi was increasingly being regarded as a target for entry into the Tapajos region , which , according to Mike Hodgson's repeated assertions , has produced 30m oz of gold over time .

This would also support our CEO's other recent statement that big boys such as Rio Tinto and Anglos are possibly looking to joint venture with Serabi on its larger geological anomalies .

Stand by your bunks .

[tightfist] 19/11/2019 17:31

Hi HBR,Many thanks, a great find and an opportunity to glance behind the scenes through the eyes of a long-term player, Family Office rep. and SRB NED. Crux deliver some good material.I liked his broad smile at the prospect of hitting 100kOz, and his mention of further organic growth. All-in-all one gets the sense of a safe pair of hands, well connected to, and believing in, MH and CL.Cheers, tightfist

[borisjohnsonshair] 19/11/2019 10:10

No, that's not an issue

[loganair] 19/11/2019 09:44

Interesting interview - Long term investor, however several times he showed his deep frustration at how long it is taking Serabi to become a 100k gold miner.

[bsg] 19/11/2019 09:36

Discount placing then, 50p.