Serabi Gold Share Discussion Threads

[tiger60] 16/6/2020 13:09

Boris you will be happy to know I am out. Will pick this up cheaper at the end of the summer hopefully but good luck

PS Boris ever considered using the 'edit' button rather than multiple postings?

[borisjohnsonshair] 16/6/2020 12:48

Palito is a means to an end anyway. They'll have 3 or 4 producing areas in 2-3 years

[borisjohnsonshair] 16/6/2020 12:43

Why do you suggest an 8k limit / quarter? They had record April. 35% workforce. Drop expected.

[borisjohnsonshair] 16/6/2020 12:37

License approval before the end of June

[rachael777] 16/6/2020 12:32

would be nice if the licence news could be moved from imminent to actually granted but is there any reason to worry ? Production of 8k for the quarter on a reduced workforce is acceptable though im not sure if there is capacity to produce much beyond 10k per quarter in any event

[borisjohnsonshair] 16/6/2020 12:22

It's all good. Massive increase in output coming up. Easily 150,000 to 200,000 ounces potential.

[ppvn] 16/6/2020 11:43

RNS statement out and new interview on BRR media and Crux investors...

[borisjohnsonshair] 16/6/2020 11:39

Steady as she goes. Got through Q2, with debt gone and same cash in the bank. Awesome. Q3 steady, so perhaps 10k, 8k, 8k, 10k for 2020. That'll be a mega win.

[borisjohnsonshair] 16/6/2020 09:18

Yes - he's a bottom feeder.

[tiger60] 16/6/2020 09:13

Wasn't it GRL not GLR?

[kennyp52] 16/6/2020 08:55

Boris .. this is Trader365 tip GLR ....

Emma Priestley, CEO of GoldStone, commented: "We have satisfied all the requirements of the Jersey Registrar to effect reinstatement of the Company and accordingly trading in the Company's shares on AIM will recommence immediately. We regret that this situation arose and would like to thank our shareholders for their patience during this time."

Sounds like a Mickey Mouse outfit 🤔

[sherry35] 16/6/2020 02:34

OT - Here is something to think about with respect to the C19 reparations. Does The PBoC Store Gold At The New York Fed? Does it store gold in banks in England and EU? Perhaps Hong Kong?

[loganair] 15/6/2020 22:36

Morgan Creek - Fed's No.1 policy is to keep the consumer spending which is done by making people wealthier and people feel wealthier when the stock market rises therefore the Fed's No.1 policy is to keep stock markets in the US as high as possible.

The Fed will not allow the Dow to go below 25,000.

Best to invest in Gold, especially gold mining stocks,long/short equities and hold cash.

For the long term invest in Emerging tech companies in the U.S. and China


More pain is coming...

[meanreverter] 15/6/2020 22:22

There is a picture of a dore bar being poured at Serabi's Palito plant:



Such a bar, of purity probably at most 95% and possibly much lower, would be the feedstock for a refiner to produce 400-ounce London good-delivery bars of 99.5% purity, or 1-kilogram bars at the Shanghai Exchange standard purity of 99.99%.

[loganair] 15/6/2020 17:03

It seems to me that no major refinery of gold is able to refine gold up to the same purity as the refiners in Switzerland are able to.

[sherry35] 15/6/2020 16:06

Hi PPVN - Any idea how many liters of concentrate (volume) contains 10,000 Au ozs?

"The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the 400-troy-ounce (12.4-kilogram; 438.9-ounce) Good Delivery gold bar." Using 400 ounces per bar (brick) for arithmetical simplicity, 10,000 Au ounces of quarterly production equates to 25 Au bars. Doesn't seem like a lot but the POG makes up for it.

You can see where I'm heading with this. Is shipping Au bars more economical than shipping the concentrate ignoring the refinery technology etc? Maybe there is a business case to put a refinery in Brazil.

[ppvn] 15/6/2020 15:42

Hi Sherry,

Believe it's bags of concentrate they sell - because they use the CIL plant the gold and copper is absorbed then the concentrate is taken away as far as I know.

May be a refinery closer by (than Japan) but I don't think serabi do it on site, as far as I'm aware.

[sherry35] 15/6/2020 14:59

PPVN - Just for my own clarification given my own slow uptake. Is SRB selling a concentrate or gold bricks to the Japan based customer? I thought SRB had the capability to create solid bricks.

[ppvn] 15/6/2020 12:40

Hi Tightfist!

In the 2018 accounts they mentioned that they'd re-signed a contract for two further years with them; it's in the risk factors section. Basically they've declared it as a possible risk but acknowledge it would be easy for them to find another client to sell the copper/gold concentrate to. Was a bit tongue in cheek; with so many other miners actively reducing activity on mines I don't see them having a problem selling their gold...

[tightfist] 15/6/2020 10:15

I remember SRB suffered a short blip when they changed customer a couple of years ago, are the new ones actually in Japan?

[ppvn] 15/6/2020 08:57

Luckily Serabi sell to a single customer in Japan then ;-)

[tightfist] 15/6/2020 08:05

Hi Sherry, according to Bloomberg, the Swiss /Ticino refiners were starting back on-line at reduced capacity from 5th April and relatives in Switzerland are currently a long way forward to normality. .Bloomberg added "The difficulty of running gold factories and finding flights to ship them to New York and London has rattled the market at a time when investors are desperate to buy gold as a safe-haven asset". IIRC delays to transportation of part-processed gold out of country has been mentioned by SRB several times over the years - however surely SRB now has sufficient cash to overcome these blips (though the P&L may suffer?)..Cheers, tightfist

[borisjohnsonshair] 15/6/2020 07:36

Anyone know if this related to SRB?