Serabi Gold Share Discussion Threads

[le0nard] 28/12/2019 09:30

boris put him on filter FFS

[loganair] 27/12/2019 19:35

Hopefully by the end of Q1 next year the Ore Sorter will be fully up and running which in turn will lead to the fall in the AISC by as much as $50 per ounce and may also lead to Serabi coming close to the 44,000oz gold production.

At the current price of gold of $1,500 per oz this will lead to an $8mln profit for Serabi for the next financial year.


Serabi reported having $13.4mln in the bank as of 30th September which mean's with another 3 months of profits, by 31st December they'll hopefully have between $14.5mln and $15mln in the bank.

I am confident in saying by the end of next year Serabi will have around $23mln which goes a long way to paying off their current loan and the capital expenditure needed to get their Coringa mine into operation.

[tightfist] 27/12/2019 16:51

IIIRC they have said at least twice that they don't intend to dilute but that in the light of increasingly healthy operating cash generation they intend to re-finance through debt in Jan (now Q1) to support the Final Coringa payment whilst also simultaneously enabling the M&E capex and possibly a (modest?) amount of exploration. I believe the Sprott loan pay-down start was also deferred until January..IMO they have several options to move forward. Whilst the door is being left ajar, I would have thought Fratelli and Greenstone would pushback on a placing - IMO more likely would be a deal with Equinox to convert the Coringa debt into equity - at a price unknown!

[kennyp52] 27/12/2019 16:29

POG motoring ... HUM , FRES .. moving up .. surely this to follow at some stage ? Need to prove profit / cashflow is sufficient to service debt . They could pay off the final payment but use all of their cash resource . Might just need some short term facility instead of dilution .

[bsg] 27/12/2019 15:38

Notwithstanding you two going on. There seems to be something afoot. Largish sells, depressed price. Either a distressed seller about or corporate action in the wings.

[trader365] 27/12/2019 08:57

Massive dilution coming, 50p in Q1 2020. Spread 9%!

[kennyp52] 27/12/2019 08:45

Don’t mince your words Boris. Another company with low MCAP is JLP . But the MMs have a tight grip on both ?

[borisjohnsonshair] 27/12/2019 08:42

MCAP under £40M. It's a mad world.

[borisjohnsonshair] 27/12/2019 08:29

You'll not be able to buy sub 70 in 2020. You'll not be able to buy sub 150 in 2021 not sub 250 in 2022

[kennyp52] 27/12/2019 08:06

Your the one who went to Thailand to live on the cheap .. lol

[bmnsa] 26/12/2019 09:53

The 83p sells were wise,as we're the AAZ sells at 173. Oil is the new high maker's.