Serabi Gold Share Discussion Threads

[borisjohnsonshair] 20/1/2020 10:26

It's selling at 76

[borisjohnsonshair] 20/1/2020 10:25

I think big buy order

[tightfist] 20/1/2020 09:05

Over the past few trading days there has been IMO predominant Buying with the Offer price being gradually walked-up from 76.5 to 76.9p. Must be a significant Sell order being worked to keep the share price and Spread under tightish control?

[tightfist] 17/1/2020 16:25

Suggest you take a listen to MH on brrmedia on 6th January - maybe that will make the current ongoing drilling programme (DC and RC) clearer?

[sherry35] 17/1/2020 15:08

AS noted by prior posts, SBI is alive. Yesterday's TSX trading (Jan 16) was a 52WK high for $1.49 close. YUGE volume of 5000 shares went through. Another one of my gold miners is edging up.

Strong institutional and insider holdings, along with the polarization being on the London side of the pond, has created low liquidity on the TSX. This isn't a day trading stock.

DRILL THE PERMITS!!! Need to do some directional drilling on Cinderella - cheaper and faster at depth.

[tightfist] 17/1/2020 12:05

PS: What does L2 look like anyone? Trading on a tight spread (for SRB) and seems like a coiled-spring.....

[tightfist] 17/1/2020 12:02

Hi Lessentin,.Well spotted, this Tuesday's brrmedia CL interview is very positive (especially for a Beancounter?!); his enthusiasm and words like "...strong expectations..." are notable..As you say, it sounds as though they are now slowing-down COMPLETION of fund-raising for Coringa and have instead decided to divert some cash towards accelerated SC Expansion and Exploration (see RNS, listen to MH on brr on 6th Jan for more insight, first RC results from Anomalies due in Q1?)..Presumably strategically this is with the possibility of attracting a (cash upfront?) Major farm-in, or improving loan debt terms (where Sprott were said to be at the head of the queue) and accumulating more operating cash flow. Meanwhile, how will they manage the end Q1 rescheduled Equinox payment?.Interesting year ahead! tightfist

[lessentin] 17/1/2020 11:17

I just listened to the latest interview with Clive Line on the Serabi website. At the end he says that during 2020 they will continue to derisk Coringa for lenders as they look to financing of the project at the end of 2020.

The Dec 23rd RNS only mentioned raising financing for "funding the next stage of Coringa".

So it seems the aim is to source funding as it is required, and he specifically mentioned "lenders" being the source of the funding (at least later in the year)

[ironstorm] 17/1/2020 10:55

That comment may well be holding us back a bit.

But I would expect (read hope) that finance raised will be a non-dilutive loan. Current Cashflows and likely cashflow should warrant a decent loan methinks.

[loganair] 17/1/2020 10:49

As at end of December 2019 Serabi had $14.3mln in cash. Therefore thier cash holding rose 900k in the last 3 months of 2019.

If gold is able to maintain the price where it is at the moment then by the end of Q1 Serabi's cash holding will be around $15.5mln.

[onedayrodders] 17/1/2020 10:45

Is the share price likely to stall wary of placing given CEO comment in december

As at 30 September 2019, the Company's gross cash holdings totalled
US$13.4 million. The Company intends to raise additional financing in Q1
2020

[loganair] 17/1/2020 10:35

The price of gold still going higher in BRLs, another record high today.

Also very important the price of gold is holding above $1,550.

Why is this $1,550 so important, because this was the support level for 19 months after gold reached its peak in 2011.

[borisjohnsonshair] 17/1/2020 07:13

Arbitrage opportunity. It's now 87p

[borisjohnsonshair] 17/1/2020 07:13

Odd in Canada.

[loganair] 16/1/2020 21:34

The price of gold closes at a record high in local BRLs, closing above 6,500 BRLs per oz.

[tightfist] 16/1/2020 21:13

Yes, equal best volume on TSX for two months - negligible volume in between!

[cotton4] 16/1/2020 19:10

Bit of movement on Sherrys side of the pond.

[tightfist] 16/1/2020 10:23

That's great news - but have you seen significant $AISC movement in the opposite direction? After all, we were advised that ~85% exposure is in BRL......

[loganair] 16/1/2020 09:59

Yesterday the price of gold hit an all time high in local BRLs and continues to climb even higher today.

[borisjohnsonshair] 16/1/2020 09:36

There's no trading going on. I suspect that nearly all the 16% retail stock is held tight by not many investors. 80-90% held by 10-20 people. When this moves it will rocket. Financing and license will see it double. I'd be happy with a dilution to open market or deal done in exchange to farm-in , instead of just debt. I don't really care as the future is pretty clear. US$45-60M FCF in approx 2 years - can clear debt and explore. In 8 years this could be US$0.5-1B company. That's 10-20 bagger.

[borisjohnsonshair] 16/1/2020 09:30

Interesting but this is three tier - producing mine, new mine being developed and massive exploration potential. The first two stages should see 2-4 bagger over next 1-2 years, then we can self finance exploration and additional mines. Farm-in can speed up third tier which would keep momentum as Coringa & Palita go into "depletion" phase, however the exploration and PEAs to date suggest both will have LOM extension updates for many many years to come.

[kennyp52] 16/1/2020 09:28

Well it transpired in hindsight I bought in too early at 80p but was just a dip back in. Added some more to average down . My view is that it reached 90p before and the company has since reported improvement so ....

[tightfist] 16/1/2020 09:06

A Perfect Storm?! I read about the Lassonde curve - typical phases of mining and money:.hXXps://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/.Food for thought: The Anomalies/Cinderella are still on the first plateau - Coringa is in the bottom of the second trough, the market seems to have forgotten Palito cash generation. If one believes in analogies, looking at Oyu Tolgoi performance it's best to turn-off the PC for the next eight years and come back to find a 7-bagger!.Cheers, tightfist

[tightfist] 16/1/2020 08:45

Patience, Patience, IMO we just need some new money to come in off the back of news on the aspects you mention, PLUS ongoing positive PoG sentiment....... Incidentally I can readily anticipate 83kOz, have you a line-of-sight to the other17+kOz?.

[borisjohnsonshair] 16/1/2020 08:36

I wonder what's going to move this. It's just released very positive update and best quarter, now lost all gain. Is it only the financing that's needed, or the production license as well, or the mine developed or the production to reach 100,000!!!! In 18 months this will have free cash flow of $60M a year. That's more then it's current MCAP. PE of less than 1