Serabi Gold Share Discussion Threads

[kennyp52] 30/4/2020 08:35

His latest is POG is 20% too high Boris . That’s all you need to know about the bozo . POG increase kind of covers mine closure given it is 20% higher - the extra revenue should cover the loss from 4/8 weeks lost production and don’t forget when they kick back up they should be producing a lot more Oz with the new more efficient gear . Good luck . Totally agree this should move up well over 100 when things settle down .

[borisjohnsonshair] 30/4/2020 06:54

Stop squeaking. It's easy what you ask if not mentally crippled. Clearly you are but undeserving of support, so I won't. Jog on.

[trader365] 29/4/2020 23:58

"4/8 week mine closure priced in"

would you like to post some analysis and demonstrate how you perceive a 4/8 week mine closure to be "priced in" and also the formula you used to calculate the length of mine closure

[borisjohnsonshair] 29/4/2020 18:19

Yeah - flattening the curve. Good to see. 4/8 week mine closure priced in. If that's not happening, we'll jump above 120p.

[loganair] 29/4/2020 18:12

Brazil Covid 19 - Confirmed: 73,235 - Deaths: 5,083 - an increase of 25% in both over the past 3 days.

[ppvn] 29/4/2020 11:53

Don't worry Boris. More important that someone like Ross Beaty is obviously supportive of Serabi tbh - he wrote a cheque to Equinox from his own pocket for $12m when Serabi originally renegotiated the final payment terms so would imagine he must have been happy with the new arrangement.

All good!

[trader365] 28/4/2020 13:14

Not yet, busy else where. A broken crusher and a jittery investor hit 25m off the cap a few weeks back. When the mine suspension RNS lands production and income will drop to zero same as your IQ

[trader365] 28/4/2020 12:54

No Boris, more drivel.

The number of cases in Brazil has risen from 22k to 66k (186%) in less than a month.

Mine shutdown is inevitable.

Back to 50p for another bite?

[backinblack80] 27/4/2020 22:55

Yes Boris, good point.

[borisjohnsonshair] 27/4/2020 15:09

Yes Boris, good point.

[borisjohnsonshair] 27/4/2020 14:45

And today in Brazil, low numbers. I thought a shut down of the mine likely, now I'm not so sure. Priced in anyway, so if not we go above 100p. Get license in bag, draw down funds and start developing the mine. Happy days.

[borisjohnsonshair] 27/4/2020 08:31

Very few cases yday

[tightfist] 27/4/2020 08:25

Today's announcement of Serabi's long established Brasilian legal counsel becoming a new NED looks IMO well judged, especially at this point in time. tightfist

[sherry35] 27/4/2020 02:16

A possible preventative measure is to make the 3 drug combo available to the miners residing at PC. These drugs need to be taken when symptoms appear and before the death-altors. A doctor in mid NY state is prescribing the three drugs to treat the advance symptoms before they become severe.

Another measure is to test the inbound crews prior to arriving at the camp. Not 100% fool proof.

Good luck on the market open.

[loganair] 26/4/2020 18:18

Brazil Covid 19 - Confirmed: 59,479 - Deaths: 4,062

[borisjohnsonshair] 25/4/2020 12:11

Do some maths. You know the monthly output, gold price and AISC. If production is suspended, some costs will be saved but assuming staff paid 100% I'd only assume 15% - fuel, utilities, etc. You can calc the cash burn for say 6 weeks down time. Easily affordable.

[borisjohnsonshair] 25/4/2020 12:07

Gold typically rises after the crash. During the crash it's the first asset to be liquidated to cover short term liquidity issues and margins. It's going to rise above US$2,000 soon, although I wonder if the markets won't crash again.

[loganair] 25/4/2020 08:39

As investors seek safe haven assets during this crisis, analysts are getting more bullish on gold, projecting its price to surge. Claudio Grass, a Switzerland-based precious metals adviser, talks about gold’s true value.

According to Grass, the question is not if gold is going higher, “it’s always the paper price of currency that is fluctuating its prices.”

He said: “An ounce of gold is always an ounce of gold. So, basically, gold is not going higher in price.” And, if you really want to buy physical gold then you’ll have to pay much more than the paper price, the analyst added.

Grass pointed out that physical gold and the paper price of gold are two different things. “I truly believe that gold can go higher but the paper price of gold could go down to zero because it is a paper security, it’s debt security, it’s just a promise.” If you buy physical gold, that’s completely different, it’s an ownership, you own an asset, real goods, he explained.

At the moment there’s an unprecedented debt bubble because of the coronavirus pandemic, and all financial markets are completely overvalued, Grass said. Talking about the stock market, he noted that we haven’t yet seen all the bankruptcies, all the unemployment rates. “People are still paralyzed and in fear because of coronavirus… and the financial panic of the stock market is still coming.”

The price of gold is rising because the purchasing power of the US dollar and other currencies, like the euro, are depreciating. “Whenever you’re printing, you’re debasing the currency.”

Grass explained that when you buy something, you have to buy when things are cheap, like physical gold “which is money, everything else is credit.”

He continued: “So, gold is cheap, and it’s physical, and it’s outside the banking system, and it’s a perfect hedge against all the risks in the current financial system.”

Physical gold will save those who keep it, as long as governments don’t confiscate it, according to Grass.

[mick1909] 24/4/2020 22:32

Understand your logic but if miners are closing down wouldn't that leave the amount of physical gold being available so pushing the price up towards $1800-$2000? Rather than push it to $1500

[trader365] 24/4/2020 21:23

Boris my friend, how will SRB share price fair if the dreaded production halt RNS lands??

I've reduced my exposure to miners due to increased Covid-19 risk.

Myself and other readers are mere mortals and wold appreciate answers to the questions posted on the thread.

Can you provide readers with the answers?