Serabi Gold Share Discussion Threads

[sherry35] 14/6/2020 23:21

Passenger airlines are shipping crated pigs in their planes to China. Even PPE was be transported into the USA using passenger planes. They strapped and wrapped the boxes to the seats.

I'm sure China, or another entity, will make arrangements to pick up gold from Brazil. Perhaps have shuttled by helicopter to the airport. Just have China (or entity) pick up the transportation costs as well.

The issue maybe with the refineries in Switzerland. Are they back on line?

[backinblack80] 14/6/2020 21:58

It's almost like you want there to be a problem. You're glass is definitely half empty. The difficulties 'MAY' lie.....

[loganair] 14/6/2020 21:31

Then the gold has to be got to market, that's where the difficulties may lie.

[backinblack80] 14/6/2020 21:17

Lies, damned lies, and statistics...

The mine is still open and producing....

[tightfist] 14/6/2020 19:07

Dying alongside COVID-19 may be closer to the mark?

[borisjohnsonshair] 14/6/2020 16:36

Dying with Covid, not of Covid. Its very different.

[loganair] 14/6/2020 16:21

In France, Italy and Spain, even in the USA, health officials are saying one can double the official number of deaths from Covid 19 to give the real number of deaths while they say when it comes to Brazil would not be too far of the mark if one was to times by 5 - the same being said for Iran & India - the official number of deaths to get the real number of deaths from Covid 19.

[borisjohnsonshair] 14/6/2020 15:36

What does that say

[borisjohnsonshair] 14/6/2020 15:31

All things being equal Brazil should have 3 times the infections and deaths as UK as the stats are generally pro-data population. All things aren't equality but most things don't vary too greatly - quality of care, average age, obesity levels, etc.

[loganair] 14/6/2020 14:02

Serabi, the company themselves often mention the falling BRLs against the USD is positive for the company as it means the price of gold rises steeply in local BRLs and as 85% of their costs and expenditure is in local BRLS.




Brazil running at over 1,000 Covid 19 deaths per day has now over taken the UK with the second highest number of coronavirus deaths.

[tightfist] 14/6/2020 11:59

Hi Loganair, I get the received wisdom of 85% of their costs being in native BRL, have you seen that reflected in their reported costs? tightfist

[borisjohnsonshair] 12/6/2020 11:25

You can't buy gold cheap in Brazil. Our costs are in local currency for sure

[loganair] 12/6/2020 10:48

When it comes to Serabi very important to bare in mind that 85% of their costs are in local BRLs and over the past month the price of gold in BRLs has fallen by over 20%.

[borisjohnsonshair] 12/6/2020 10:34

The only surprise would be the unwelcome news that they've temporarily shut down. This would mean drop in price, Traderxxx gets all moist, people including me buy, price rises, site reopens and happy days plain sailing to 100,000, with 2-3 month delay and US$2-4M drop in cash reserve. Won't make a difference to the 500p target in 20 or 24 months. Deal still gunman be massive for open pit farm in.

[borisjohnsonshair] 12/6/2020 10:31

Hi - which items do you consider owed to the market. The mech issue was resolved. Finance resolved pending travel restrictions being lifted. Debt finished this month. The license, I believe is imminent so will be announced when issued. The only concern is staff rotation / Covid. If their rotation / quarantine / testing is going well production will continue. I'm sure theres cost associated with these logistics but we have massive margins. If we clear debt, paid down first few Coringa payments, continue production and maintain circa US$8-10M it will be a major win.

[tightfist] 12/6/2020 10:15

Hi Cotton,.Personally I doubt it until the end of H1..There a number of bigger unanswered questions that the market needs to see answers to - to not address them would look dubious than continuing silence?.Cheers, tightfist

[cotton4] 12/6/2020 10:09

Ant chance of getting a production update for May, next week, given that is the first complete month with the ore sorter?

[seemore] 11/6/2020 12:21

from what I observe, SRB responds to news and news only. Good news drove the share price close to Dec 2019 high by early May. Then came surprising and disappointing Q1 results, share price fell and has stayed down. Vol since results day has been low showing lack of interest. IMO, potential buyers are waiting to see if Q1 was a blip before buying in. Brazil prominence as a covid epicentre adds to the concern that production / profit / cash flow is at risk. I think possible good news e.g. re exploration success, Coringa will be discounted until there is proof of reliable production at Palito at an AISC that gives the profit and cash needed to realise the potential of the other assets. On that basis the share price is likely to tread water until Q2 results in August and respond if the results are good.

[tightfist] 11/6/2020 12:18

Hi Poieo,It will be very interesting to see the different responses you receive. Personally I think the current Head-of-the-herd elephant is the overall impact of CV in Brasil which now seems to be adopting a more sinister political twist?.Whether SRB can successfully keep this "wildfire" out of their camps remains to be seen - CV is definitely slowing progress on a number of fronts (notably the Coringa licensing and exploration/development drilling) and incurring extra costs..(Whilst I am not personally concerned) another aspect is the funding complexity/transition over the next few months - with limited prospective dilution. As is the obvious overhead Resistance at around 94p, whereas other competing Goldie shares often have blue-sky's ahead..[IMO there is a lot to like here and SRB need time and patience to work through their issues. I have also commented previously on (investor and Fratelli rep.) Bandanõs taking over as chairman later this month, which is surely good news]..Good luck, tightfist

[tiger60] 11/6/2020 11:48

Personally and many may disagree, with any mining, but especially when narrow vein mining, consistency is an issue. The last year however saw quarter upon quarter of relatively stable production levels. However, with CV the unknown is how has this impacted production and route to market. Last quarters AISC were over 1250 (which based on last years gold price would only make break even before depreciation, tax etc.)!

Every other macro indicator is in SRB's favour (I disagree with Sherry about the V shape recovery even if the Fed is writing its own rules - a good battle but the facts speak for themselves).

With the advantage in the FX rate combined with the new sorter and gold price hitting 1700 in theory we should be laughing but some want to see the figures - quite rightly because if they can't cut their AISC and make a good margin in this environment they never will! But to restate CV is the curve ball. Production in April was stated to be 3500 I seem to remember so if we can get 3,000 from May and June then that will be considered a win but who knows!

Throw in the potential to expand and maybe possible tie ins in the future it seems one of the best placed goldies.