Serabi Gold Share Discussion Threads

[tightfist] 11/5/2020 11:22

Yes, it will interesting to see if/how the share price approaches a new 3-year high over the next few weeks..To anyone who hasn't looked/listened, this morning's CRUX interview is highly recommended. It adds considerable depth to the RNS and, for me, the sense of expectation is very evident. Even speculates about potential Open Pit mining towards the end..It obviously depends on the overall cashflow, but exploration combined with interim production increase from Palito/SC could serve them well for the next 18 months, until the Greenstone CLN's time-out and presumably SRB would then be free to take a fresh look at future funding and security?.Cheers, tightfist

[loganair] 11/5/2020 10:24

How much longer can the United States go on before it completely implodes?

Federal Debt now stands at $25.2 trillion and is increasing rapidly, expected to be around $28 trillion by the end of the year and over $30 trillion by the end of next year.

This quarter alone the US Federal Government are going to issue a Net $2.999 trillion worth of Treasuries.

Federal Debt to GDP ratio already stands at nearly 118% and is increasing rapidly.

[borisjohnsonshair] 11/5/2020 10:16

It's never been "over brought". You mean highest price. This needs some major press for new people to want in, due to stupid valuation.

[ironstorm] 11/5/2020 09:55

Tiger it certainly could top out at this level as it reaching overbought levels and coming up to historical resistance.

If it can keep the volume up I see it moving to 120 region. But there is a lot of volatility and you might get lucky.

Funding has always been an issue here - but history shows some success. More of this operational progress should get over the summer funding and then we can see how the land lies. Coringa can sit and wait if it has to.
Good luck.

[borisjohnsonshair] 11/5/2020 09:19

Coringa funding in the bag. Cash flow can afford the development - US$20M. Max dilution 20%. You've not assessed the risk reward well. Good luck anyway with your profit - well played taking it. Can't ever be knocked.

[tiger60] 11/5/2020 09:15

There is a funding requirement at the tail end of this year and so far it is unclear how this will be raised - dilution, free cashflow (very unlikely IMHO)etc

Coringa can't be taken as a given we are looking a fair way down the road. Initial communication has now been superseded by events and as to when it will be up and running is anybody's guess. No official guidance so far to my knowledge

TBH they should make more of what they are already sitting on and I am sure that is the plan.

The shares in issue will rise with the Greenstone deal and may rise further with funding Coringa. I still think the macro picture will provide the source of the rise I am expecting in the share price rather than any fundamental changes to SRB. Even at 40,000 there is a lot of room for the share price to hit way over £1 but only if gold hits highs (as I expect).

Sold again today and will look to buy back cheaper

[cruxinvestor] 11/5/2020 09:14

Here is the link to our latest interview with Mike:

We first get an update on their Q1 numbers and how production is progressing. Mike then talks to us about their exploration success at Sao Chico and why they are excited. Let us know your thoughts here and in the YouTube comment section!

[borisjohnsonshair] 11/5/2020 09:04

My biggest concern is that someone will try to buy us out for US$100M or even US$200M. I'd rather wait 2-3 years and be in the US$500M to US$1B region. That's where we are heading.

[borisjohnsonshair] 11/5/2020 09:00

Tiger - base your opinion on share price with the MCAP. Do you consider our MCAP sensible in this region?? We are priced on 40,000 a year, yet we have another 40,000 coming on line in a couple of years. We have no debt at the end of June and are printing cash. At some point soon we might issue a probable resource of several 100 million US$!!!

[tiger60] 11/5/2020 08:31

“On the operations front we have enjoyed another good month in April with final production expected to be approximately 3,400 ounces and we are starting to be able to change over a small number of staff each week who have been tested for COVID-19 and undertaken a period of quarantine.”

Extrapolated would be 10,200

The issue here is we are at recent highs the question is will it push on - personally think it will drop down first but only my opinion

Must say so far they have ridden the storm incredibly well

[borisjohnsonshair] 11/5/2020 08:29

The biggy will be the resource estimate fromthe exploration when ready. It will be MEGA.

[kennyp52] 11/5/2020 08:26

100p looking likely short term . Hopefully building some momentum . Next production RNS with over 10k ounces should bolster interest .

[borisjohnsonshair] 11/5/2020 08:07

It's a totally ridiculous price. Should be 200p min based on exploration potential, solid output and Coringa future output.

[borisjohnsonshair] 11/5/2020 08:04

It's huge - as I said before it's easily a US$0.5B to US$1B operation. Trader365 can't do the math for what this means for share price but it's multi bagger. 2-3 years from now - whoosh.

[ironstorm] 11/5/2020 08:01

And they keep finding more gold and mining it.

Good news this.

[ppvn] 11/5/2020 07:58

Serabi are an explorer that have cash generative operations Bojo... we are just getting started!

[borisjohnsonshair] 11/5/2020 07:32

Trsder365 - Shame you don't understand a good opportunity when you see it. You'll be on the bus for life.

[borisjohnsonshair] 11/5/2020 07:31

Wow - I'm safe from Corona but nearly had heart attack seeing news from SRB. I thought they'd stopped exploration to save money, so assumed it was notice the mine was shutting. Not so - great exploration results showing what a mega gold mine they have, plus copper. April output very sound and snippet on staff rotation and their own Covid test center. What an awesome RNS. This will get us way over 100p

[borisjohnsonshair] 11/5/2020 06:58

You don't understand numbers do it - thicko. Sky news got you hiding in bed. Im old but fine.

[borisjohnsonshair] 11/5/2020 06:55

More unsubstantiated negativity.

[trader365] 11/5/2020 00:30

"BorisJohnsonsHair10 May '20 - 10:22 - 6154 of 6158

It doesn’t affect under 50 years old healthy people. Our miners will get it and have zero to flu like symptoms. The worst will be ill for 4-10 days"

Another pathetic uninformed post.

[millwallfan] 10/5/2020 13:53

Yes going for three in a row lol. My 6 months max was just within the context of the massive range of impacts from boom to bust that CV will have across the world. If one looks at the entire spectrum using say 0 to 100 to place any current business chance of future success then I would guess SRB ought to be somewhere in the upper quartile. All IMVHO.

[borisjohnsonshair] 10/5/2020 10:53

The Lions having their best unbeaten run for a long time.

[borisjohnsonshair] 10/5/2020 10:52

Understood but I don't believe 6 month is realistic not priced in. It's excessive. What's your best estimate if that's the max?