Serabi Gold Share Discussion Threads

[trader365] 24/4/2020 18:34

Sprott, Kitco ect were ramping gold all the way from $1900 down to $1100! A broken clock is right only twice a day, but it out performed Sprott and Kitco for a decade.

I agree the arguments are in favour of higher gold now, but to say how high and when is simply guessing. Its possible gold could go to $1500 before $1800.

More importantly miners need to mine and sell the gold to make a profit on it, if mines close, profits, and therefore share prices fall.

[loganair] 24/4/2020 18:06

CNBC - "Gold's going through $2,000 pretty quickly."

[loganair] 24/4/2020 15:35

"Gold mines are benefiting from the reduction in energy prices because energy is a key cost when it comes to operating gold mines.”

[trader365] 24/4/2020 14:36

What are the monthly expenses assuming care and maintenance?

[borisjohnsonshair] 24/4/2020 14:23

I'm not here to educate you. People must have tried and failed. The lose is affordable and a tiny blip in the longer term. It's priced on but if it drops quickly I'll be buying. Go to school.

[trader365] 24/4/2020 14:18

What do you think will happen to the share price if production is halted????

What are the chances of a production halt RNS landing given the situation in Brazil????

[trader365] 24/4/2020 14:16

Provide me with some answers, how long can SRB survive if production is halted????

[trader365] 24/4/2020 14:03

All miners are facing the same problems, small single mine companies carry far higher investment risk at the moment. A large diversified mining company with many mines in many countries is far less likely to lose 100% of its income

[trader365] 24/4/2020 13:59

Readers want intelligent answers to the questions I've asked, not silly ramping in the face of unprecedented risk never seen before

[trader365] 24/4/2020 13:54

CEY has said it has enough supplies to operate until the end of Q2.

Even if the mine remains virus free, how long can SRB operate if its supply chain is cut?

[trader365] 24/4/2020 13:43

Its good to see some people here are aware of the risks involved instead of continually ramping of a 20/30 bagger, it makes for boring reading.

£22.68 a share? lol. If my uncle Boris had a fanny he'd be auntie Boris

$3000 gold not guaranteed. 100,000 oz not guaranteed.

Will the virus disrupt production and income? If so for how long? What effect will it have on the share price in the next six months? If production was halted how long can SRB survive?

[bomber13] 24/4/2020 13:29

I am mightily relieved that Greenstone have stuck to their word , and , like Equinox , have proved both flexible and supportive . Had Greenstone not owned 25% of Serabi already , and not had a seat on the board , things might well have been a lot more difficult . It is a credit to Mike and Clive that the Fratelli family , Greenstone , Equinox , and investors alike are all right behind them .

Without COVID 19 interruptions , and with ongoing ore sorter efficacy , it seems reasonable to hope that Serabi is making US$1.5m to US$2m a month of net cash flow at current gold prices , which gives them plenty of funding wriggle room at the end of the day . We may or may not get permitting news on Coringa shortly , but that mine is increasingly looking an absolute snip at a cost of US$22m , inclusive as it was of a brand new plant capable of doing over 50/-oz pa of gold production .

Perhaps more imminent are first pass RC drill results from the 3 significant geophysical anomalies some 2km West of the Sao Chico mine . These 3 prospects are much bigger in geophysical signature than the Sao Chico mine itself , and in the annual results announced on 9th April , Mike Hodgson confirmed that “ early results show abundant sulphides , which are gold bearing and with intersections over mineable widths “ . Having already announced some excellent step-out drilling results 300 metres West of Sao Chico heading towards these anomalies , and also proving that the mine remains open both to the East , the West and at depth , the evidence is building that the Sao Chico mine actually links up with these 3 anomalies . Sao Chico’s current workings are only from around 600 metres of strike , but Serabi's step-out drilling will have extended this strike to over 1km . If the other 3 anomalies can be shown to belong to the same geological footprint , then the overall strike has the potential to become over 5km .

No surprise , therefore , that Mike Hodgson wrote on 9th April “ Sao Chico has , in my view , the potential to be a significant deposit “ .

[ironstorm] 24/4/2020 13:04

Anyway nice price action today!

[tightfist] 24/4/2020 12:46

Hi Ironstone,.Yes, we could encounter severe turbulence along the way; however, the Gold in the ground is not going away (apart from the artisans!) and our ability to turn a good cash profit with opportunities to re-invest/expand at an attractive IRR is IMO only a matter of a time. tightfist

[ironstorm] 24/4/2020 12:22

Tightfist - I seem to be one with you on this share.

Not worth selling at these levels and significant upside potential (nothing is guaranteed - not even the pog).

I am looking for More from PoG, Continued operational progress, improving net cash position, payment of equinox, repayment of sprott, as little dilution as possible from Greenstone. And later in the year Coringa and expansion of palito etc.

All of this could be delayed by CV but we have the reserves to survive it!

Strapping in!

[borisjohnsonshair] 24/4/2020 12:16

If the predicted gold price of US$3,000 come md true in 18 months it will line up with our output hitting 100,000 several months later. With AISC of US$950 we'd clear US$205M. Say PE of 8, we'd get share price of £22.68!!!!!

[tightfist] 24/4/2020 12:14

Hi T365,.Many thanks for the really topical Wiki link (and yet another example of Federal vs State tensions, hot on the heels of the US. Switzerland seem to have acted far more conservatively and passed control up to the Federal authorities?)..The escalation of CV cases in Para (4th column on Wiki) looks to have now linearised rather than continuing exponentially, although the deaths are still rapidly escalating, an all-too familiar lagging trend..The obvious question to investors is how this will play-out at SRB? Whilst IMO I am considering we will not suffer state intervention, all conceivable measures will be taken (it seems to be a tight-run ship in a remote community) which will ultimately prevail? - slow-release/exchange using a robust testing/quaranting regime, or infection by CV; MH has already referred to this prospect as prospective "wildfire"..And what are the financial consequences of paying (premium rates to?) those locked Inside, whilst you pay a retainer to those locked on the Outside? And what operational/shift constraints are still imposed by Brasilian Mining law? .I think it is prudent to assume the camps become infected at some point? before an inoculation is readied. However, IF infection can be successfully staved-off for several months then we will have considerably more organic cash in the bank (or paid to Equinox) and reduced need for CLN's issue and hence prospective dilution..To a Long Term Holder this seems an OK - but only for the patient. And maybe a pot of cash to deploy if we suffer a nasty dip along the way?!.All counter-views encouraged! NIAI tightfist

[borisjohnsonshair] 24/4/2020 12:09

Totally agree. Always opportunity with disruptions and drops but the future is awesome. Funding uncertainty was a concern but the backing couldn't look more solid. I'm expecting a nine closure but hopefully all the staff remain safe.

[trader365] 24/4/2020 11:49

You arrogantly/stupidly dismissed my suggestion of production loss risk due to possibility of plant or ore sorter breakdown, look what happened next.