Serabi Gold Share Discussion Threads

[tightfist] 05/3/2020 09:56

Hi Sherry,.I remarked to CL that the AISC was not strongly tracking down with the weakness of the Real....... He mentioned that even more costs are now being shifted into BRL..I suspect that PPVN was onto something with variable depreciation costs, which I guess should this FY trend down, but not had time yet to make any estimates. Yesterday's RNS possibly confirms a Tailwind for that line of thinking......?.Cheers, tightfist

[loganair] 05/3/2020 09:27

With the price of gold in local BRLs up 55% over the past year.

[cotton4] 05/3/2020 09:20

The Brazilian Real has depreciated some 20% over the last year. That must have a significant effect on their costs.

[sherry35] 04/3/2020 23:09

tiger60 - This is one the best Web sites for viewing trade information on SBI. SBI trades primarily on the TSX big board with some minor volume on some of the secondary exchanges.

hxxps://www.stockwatch.com/Quote/Detail?C:SBI

Select the <3 Month Closes> link to view the end of day market trades across all the exchanges.

[trader365] 04/3/2020 20:57

TSX:SBI 1.40-1.41 +0.06

GBP = 81p

Trade global markets via Interactive Investor:

[tiger60] 04/3/2020 20:39

Can anyone confirm TSX price 1.37 (equiv 79p)? Wish I had an account to trade on tsx

[whitegold1] 04/3/2020 11:51

Those nice round buys looks like an ii is nibbling away.

[whitegold1] 04/3/2020 11:39

Let.s hope so ... slowly, slowly catch the ...

[morethanme] 04/3/2020 11:31

Getting the preliminary license will be a great milestone to achieve. Combine that with more drilling updates and we have a good amount of news flow to look forward to.

[borisjohnsonshair] 04/3/2020 11:10

Tick tock ....... things about to rocket.

[borisjohnsonshair] 04/3/2020 10:05

Let's see. Next rise pre license. Nothing but open waters (time) after that to 100,000.

[whitegold1] 04/3/2020 09:28

Boris ... better get weight training then! Lol.Very , very quiet here - given the canny recent rns. Is this share leaky? ie share price rise pre rns ... Cheers.

[borisjohnsonshair] 04/3/2020 06:53

I'd imagine the miners are strong men. They'll have no or minor symptoms.

[tiger60] 03/3/2020 19:33

We are not necessary immune from the effects of the corona virus. Yes we may be based in a remote area of northern Brazil but supply chains may be impacted, workers returning to work may be at risk etc.

The gold price itself is immune the companies not necessary. That said the risk would be minimal but investing in a gold producer versus physical gold in theory offers the higher reward (along with higher risk) as any increase in the gold price drops straight to the bottom line and we see large percentage gains. But most of all we are at risk of investors liquidating positions to pay for costs elsewhere. Irrational trade but combined with being an illiquid stock it could be to our detriment whilst it lasts. Double edged sword - higher gold prices, but crumbling SPs forcing margin calls and a search for cash at any cost

Btw - atm shorting cinema chains

[ppvn] 03/3/2020 19:17

New dawn imo. Everything changed today thinking about it.

Before today, stocks were the only place to park cash. But 20x multiples can't be sustained in an environment where this virus might close down business for months at a time. Bonds are already tapped out, 10yr in the US dipped below 1% earlier.

Gold is one of the few games left in town. Watch this space I guess.

[kennyp52] 03/3/2020 18:17

So you lied ? Figures

[trader365] 03/3/2020 18:10

Actually my top up was the 11724 trade at 08:15 on the back of the drill results

[borisjohnsonshair] 03/3/2020 17:59

You ain't that smart if you think they'll go to 60p. Either you've been educated by me and need to apologize or you are a very mixed up moron.

[kennyp52] 03/3/2020 17:58

Trader365 fantasy trade .... 🙄

[borisjohnsonshair] 03/3/2020 16:36

Would BT US$1B Business.