Serabi Gold Share Discussion Threads

[loganair] 20/2/2020 10:19

Yesterday yet again saw another all time high in the closing price of gold at 7,033BRLs, that is up 42% on last year.

$1,610 current price of gold in USD.

The biggest problem with Serabi, as even mentioned by the CEO, is the lack of liquidity of Serabi shares.

[borisjohnsonshair] 20/2/2020 09:59

Yep, have to agree, SRB seems more and more undervalued all the time. Gold rising, risk going and others rocketing. I'll time will come but ....

[tiger60] 20/2/2020 09:55

To be honest we are seeing much more spectacular movement elsewhere...AAU, GGP both doubled since Jan. SRB doesn't have the same investor retail base or 'pull'.

It is not investors first stop when looking for gold producers. It will come but was hoping that with the relatively small number of shares in issue and openly traded that the positive swings would be more pronounced. Obviously it depends on your investment outlook whether short or long term but market awareness could do with a boost

Buys at 91.99..

[borisjohnsonshair] 20/2/2020 09:47

If tea leaves get us to 120p before finance voted in and license award, will see my 150p target. This is my target prior to the development of Coringa and without any further increase in POG and of course major new discovery. Then 150p to 300p as Coringa approaches production assuming Palito has constant output of 10k / Q plus 2.5k ore sorter. Major find and we could go to a tenner.

[tiger60] 20/2/2020 09:03

All about finishing the day over 90p. Zak Mir has his chart looking at an upside to 120p but not a fan of his.

[trader365] 20/2/2020 01:37

Shut up you silly ramping tit

“Call me cynical but the large shareholders can do what they want with the share price and the potential 67p placing to Greenstone may look a little cheap if the share price was £0.82 going into the meeting next week."

[borisjohnsonshair] 19/2/2020 21:54

Very interesting post on LSE;"Call me cynical but the large shareholders can do what they want with the share price and the potential 76p placing to Greenstone may look a little cheap if the share price was £1.20 going into the meeting next week. Would it be reasonable/feasible for SRB to ammend terms considering the current bullish macro environment and the recent news?"Could be correct. I guess the finance isn't actually in place, so maybe the re-rate will come after the vote.

[borisjohnsonshair] 19/2/2020 14:00

Jog on clown

[le0nard] 19/2/2020 13:28

quite a bit of resistance at 90p

[trader365] 19/2/2020 13:24

Hit with a flurry of sells about 12:15, profit taking at 90p resistance...

[cotton4] 19/2/2020 09:56

My projections were done last year updated with current pog. It nice to dream so I'm leaving it meantime. Another ore sorter for Coringha and sao Chico. You never know. I also believe that gold will reach new highs this year but that of course is speculation on my part.

[loganair] 19/2/2020 09:53

C4 - It seems for your 2021 ounces you are assuming Coringa is up and running 2Q 2021.

I am not so optimistic and would think more like 60,000oz for 2021 gold mined.

Yesterdays closing for the price of gold at yet another all time high of 6,970BRLs and this morning breaching the 7,000 to currently stand at 7,010BRLS & $1,609 when just a year ago the price of gold was 4,900BRLS & $1,270.

[tiger60] 19/2/2020 09:48

How on earth do you get 80,000 for 2021 when the earliest cotinga moves to production is end of 2021 per yesterday’s presentation.

We are in a sweet spot macro wise

[cotton4] 19/2/2020 09:33

Used 45000 ounces for 2020 and 80000 for 2021. Try to be prudent.(PE of 10)

[borisjohnsonshair] 19/2/2020 09:31

Hi - what's that, your calc for fair MCAP based on output forecast in yesterday's presentation?

[cotton4] 19/2/2020 09:23

For 2020 in excess of £90m rising to £200m+ 2021.

[borisjohnsonshair] 19/2/2020 09:16

Be delighted to see others valuations and calcs. Thanks

[tiger60] 19/2/2020 09:02

It is also not correct

[paleje] 19/2/2020 08:59

The PE is daft but more importantly why are huge graphics being posted onto the thread, they distort the screen, well my phone screen at least, and make me scroll and lose the gist.

Had to filter 365 which has cleared it up, no objection to different views but don't need all the clutter just plain sensible views.

[borisjohnsonshair] 19/2/2020 08:48

Gold rising. Many months to go to AISC at 850 but wow. Even now at 1,100 we are clearing $500 / ounce. 50,000 x 500 = US$25,000,000. We are PE of 2.25 without Coringa

[borisjohnsonshair] 19/2/2020 07:00

Rubbish - go away