Serabi Gold Share Discussion Threads

[sherry35] 24/2/2020 04:40

Thank you - I think the Kitco Live Gold chart experienced a data error or corruption. It still shows the YUGE drop to $1384.10 US. I'm sure we've all witnessed similar drops like this on the COMEX but not to this degree. Bloomberg spot price matches the candle.

As for closing the gap as per Japanese candle trading paradigm, I don't want to witness that for next 36 months. I hoping for a bullish pennant over the next 5 to 10 trading days. The trading is just getting started and London fix isn't in yet.

[trader365] 24/2/2020 00:15

The gap up needs to be filled, so a retrace is inevitable

[trader365] 24/2/2020 00:00

Like this...

[sherry35] 23/2/2020 23:46

How does a poster embed a picture (screen snipit) into the post message body?

[sherry35] 23/2/2020 23:41

Interesting open on the gold spot price. Can anyone in the UK confirm the $1384.10 USD oz. low? If true, what was the cause?

[sherry35] 23/2/2020 23:38

tightfist - Thank you for refreshing my memory on the experimental phase (playing)of commissioning the ore sorter. They're putting that sorter through it's pace with the SC ore being the major test.

I'm unable to attend this years PDAC due to prior engagements. I did attend last year.

My biggest interest is continued IP in the SC area, and drilling the Cinderella lode and the area west of SC.

Sherry in the Colonies.

[tightfist] 23/2/2020 22:53

Hi Sherry,.About a quarter of the way through the CRUX video MH emphasised that the ore used for the demonstration figures was not representative of normal RoM ore. .On the CRUX website is a very very useful transcript of the recent call:.hXXps://cruxinvestor.com/opinions/serabi-gold-lse-srb-ready-or-not-at-all-so-close-enough-to-taste-it-transcript/.Here is an extract: "Mike Hodgson: .......Those numbers aren't really terribly indicative. I put them in there because obviously we switched it on just over a month ago and we've been putting through some pretty miniscule tonnages, and we're just playing around with it really, trying to find the sweet spot. And we're using different types of ore. Some of the ore is actually sort of more massive sulphide ore. So really, I put those numbers in there to show people, hey, you know, it was a pile of rubbish, basically, sub-economic, very uneconomic material.".I have never seen any info to what degree they can segregate their differing sources of ore from the mine face to the surface and hence the processing plant. But a clue to differentiation is the reference to typical vein widths of 0.5m versus a mining width of 1m maybe gives an indicator?.Whilst it is very tempting to try and and look into the mining/crushing/sorting/milling process I think we have to trust MH and his team to optimise the Ore Sorter application and process? .Can you make it to see them at the Toronto conference? tightfist

[morethanme] 23/2/2020 19:27

Serabi buying Coringa for $25m when the POG was a lot lower has worked out very well for them. Very happy to sit on these shares for the next 2+ years, watch Coringa be built and see what the POG can do.

[borisjohnsonshair] 23/2/2020 12:20

In addition to the awesome potential SRB has many peeps are predicting gold to rise to US$2,000 by year end. If our AISC is circa 1150 at the moment this will represent a 100% increase in FCF Co pared with Q4 12019. Without a major find this baby will be 300-500p soon. Big find and who knows.

[sherry35] 22/2/2020 15:49

tightfist - Installing a $2M ore sorter at Coringa could be a incremental first step. There's clearly a benefit given the remarkable results at Palito. It wouldn't be a waste of money.

Taking into account the growing excess capacity in the Palito mill, putting the ore sorter at Coringa would have bigger bang for the buck. Coringa's haulage distance is 200 KM (PDAC chart package) when compared to SC's haulage distance of approx. 40kms by road. Coringa and Palito have similar geology as compared to SC's geology.

If they can sort the SC ore with higher efficiency than processing the non-sorted ore, the mill is going to build up excess capacity. I suspect the Coringa mine plan is going to change over the next 4 months.

It is very interesting engineering problem that doesn't show up in the PDAC presentation.

[sherry35] 22/2/2020 15:32

SBI.TSX close was $1.65 CDN on 14K shares. If the SBI can prove up 2M Au oz. over next two years of drilling, this stock could take off very quickly.

[tightfist] 22/2/2020 10:42

I think I noticed recently a figure of around $2m - which surprised me on the upside..I think import duty was significant and on top there was trans-shipment, insurance, installation, commissioningx2, etc etc. tightfist

[kennyp52] 22/2/2020 06:01

Well Boris who is laughing now ? The moron stalker needs to take a look back on the posts . I now have my short term target of 90p but this time I am going to hold and see where this goes . Lots of potentials with this one and if the market doesn’t recognise the value then one of the majors may well be eyeing it up . CEY is my baby as you know but this and HUM supported by a decent HGM holding is quite exciting . You still in GLEN? I averaged that one down a touch so a few dividends will recoup the drop but wondered what your thoughts were ?

[turvart] 22/2/2020 03:00

Nice chart! I like the look of it!

[loganair] 21/2/2020 23:31

The price of gold closed this evening up 1.53% at 7,214BRLs and in USD up 1.67% at $1,643 compared to yesterdays closing price.

[sherry35] 21/2/2020 23:04

All - What was the total cost of the commissioned ore sorter at Palito?

enjoy your weekend folks. Mine just started.

[alangriffbang] 21/2/2020 17:54

Very good article ,I don’t know whether you are aware of his but in today’s times business section there is an article on gold shares which lands up with them saying avoid ,of course people read this and are put off buying ,

[loganair] 21/2/2020 16:59

MoneyWeek - Gold is at its highest level in years – here’s how to invest:

Gold's rise at a time when the dollar is unnervingly strong isn't unheard of – but it is curious. John Stepek explains what's going on, and what it means for investors.


Gold is rising against a strong US dollar:

Gold is now at its highest level in seven years, trading at above $1,600 an ounce. This is happening at a time when the US dollar is also unnervingly strong. This is not unheard of. It’s perfectly feasible for gold and the dollar to go up at the same time.

However, it’s not something investors have been used to seeing recently, so it’s seen as odd. So what’s going on? And how can you get yourself some gold

Gold is the only currency in the world without a central bank behind it:

Gold’s rise at a time of US dollar strength, indicates two main things. Firstly, it suggests that, despite surging stockmarkets, investors are rattled. Gold is seen as a “safe haven”. Just to be clear, that does not mean that gold is “safe” – the price still goes up and down and you can lose money fast. It means that investors as a group see it as somewhere to put your money when the world is looking like a risky place.

Other “safe havens” include the US dollar (going up) and US government debt, or Treasuries (also going up – ie, yields are going down). The Japanese yen is usually deemed a safe haven but it’s weakening right now because it’s very tied to China, which is the current epicentre of economic concern.

Secondly, the apparent conundrum of gold rising even when the dollar is rising is less surprising when you look at its performance against every other currency in the world. In lots of major currencies, gold is now at or near all-time highs, including the Australian and Canadian dollars, and our own British pound.

The simplest way to think about this is probably to view gold as another currency. It’s a currency – unlike all the paper currencies – that can’t be printed. And it’s a currency – that unlike all the paper currencies – doesn’t rely on the integrity of any institution for its ongoing value or, in extremis, continued existence.

And when you look at it like that, the rise – even against the strong dollar – makes sense. Pretty much every central bank in the world is currently biased towards lowering interest rates or printing money. Therefore it’s no surprise that every currency in the world is falling against the one that isn’t backed by a central bank.

That doesn’t look like changing any time soon. So if you want to get exposure to gold, how do you go about it?

Betting on rising gold prices:

We’ve always said you should have some gold in your portfolio, through thick and thin. That’s because it’s a good diversifier – it won’t always move in the same direction as equities or bonds.

The question now is, if you want to bet on gold because you think it’s going to continue higher (rather than simply owning it as part of your permanent asset allocation), then how do you play it?

You can buy physical gold, of course. There are lots of ways to do so. You can buy bullion or coins and store them securely, whether in a safe or with one of the bullion companies who’ll store it for you. Or you can invest via an exchange-traded fund which will give you exposure to the gold price (opt for one that’s backed by physical gold).

Another option – and one which is both riskier but also might have more potential for decent returns from here – is to look at gold mining stocks. Gold miners proved to be generally terrible investments during the last gold boom.

They were badly run, and as a result, you’d have made as much money by simply owning gold on the way up, and you’d have lost far, far less during gold’s post-2011 bear market than you did by owning the miners.

This has left a pall of investor revulsion and suspicion hanging over the sector that even now does not appear to be fully lifted. Gold is an investment that attracts a fair bit of derision at the best of times. And in the aftermath of the gold bust, gold miners were roundly condemned as one of the most stupid investments of all time.

If there’s one thing that people hate even more than losing money, it’s being made to feel stupid. Hence the revulsion around the sector.

That of course, leaves psychological room for the miners to play “catch-up̶1; with the gold price. That might happen in earnest later this year – as Eoin Treacy of FullerTreacyMoney points out, “gold miners are among a small number of sectors almost guaranteed to have earnings beats over coming quarters.”

If you do decide to invest in gold miners, bear in mind that they are risky, even by the standards of equities. This is not the same as investing in gold. Do not consider this as part of your gold asset allocation – think of it as part of your equity asset allocation.

Unless you have the knowledge to do so (in which case you probably don’t need me to be telling you all this) I would suggest you opt for an ETF or a fund investing in gold miners. That way you diversify your risk. Yes, you won’t find any six-month 10-baggers that way, but at the same time, nor will you be landed with any 1-day straight-to-zero shots.