Serabi Gold Share Discussion Threads

[tightfist] 22/6/2020 10:39

Hi PPVN, agree re: the potential of SRB but expecting any pace out of the Brazilian sector decision-makers maybe flys in the face of COVID spread? How much are you anticipating the possibility of CLN's at 76p might hold us back?.As ever, patience required, tightfist

[borisjohnsonshair] 22/6/2020 10:38

PE of 2!!!

[ppvn] 22/6/2020 09:54

When the Coringa license comes through they will have a defined path to another gold mine producing 40k oz (and potentially more) at an AISC of $852 according to the PEA. Costs to get the mine operating being c. $20mm.

I'd be disappointed if it only got us to 90p...

[kennyp52] 22/6/2020 09:17

CEY and HGM rising ... time for SRB to follow ....

[kennyp52] 22/6/2020 09:11

Lol... pet comforter or a tiger ? Using several avatars now to be able to comment on the boards he has got kicked off. Such a sad and lonely investor stuck in his wooden hut in Thailand with a ladyboy that turns tricks for him but hates him and will probably do him over at some stage .
Serabi license confirmation must be worth the Sp getting back to 90p?

[sherry35] 22/6/2020 01:19

Ohhhh please gold. Head for $1800 US and never look back. You've taken enough COMEX/London paper beatings. You need to fly with SRB on your tail feathers.

Anybody see the price movement on MND.TSX. Took a nice 25% drop since a week ago Friday. Two insiders sold some shares before the drop. Interesting volume going into the close on Friday. Needless to say I'm miffed. However, IR confirms 100K Au Eq. oz for 2020. Drill results to be released this week.

[kennyp52] 19/6/2020 19:12

Is there an RNS scheduled for Monday then Boris ? Or just the date pre announced for the license ? Pretty significant event for SRB surely ?

[ppvn] 19/6/2020 16:05

I think so Boris. It's an exciting but quiet place to be for the moment!

[borisjohnsonshair] 19/6/2020 15:41

Well played. You are buying pounds for pennies at this MCAP

[ppvn] 19/6/2020 15:39

Hope so Boris. I've just bought some more.

[borisjohnsonshair] 19/6/2020 15:23

License news on Monday. Nice extra 40,000 ounces a year on the way in 18-24 months.

[borisjohnsonshair] 19/6/2020 12:14

What a sad do you are, wishing up the spread and impact of Corona on Brazil. If young men become positive they are isolated. They barely know that have it and are recovered in two weeks. SRB has a quarantine/ testing system in place. Moron - jog on.

[trader536] 19/6/2020 12:07

Virus cases in Brazil will exceed one million tomorrow...

[kennyp52] 19/6/2020 09:52

GOLDSTONE RESOURCES LTD (GRL) ORDINARY SHARES 1P
Sell:4.10p Buy:4.50p 0.08p (1.86%)
Live pricesLive share price | Preferences

Buy at 4.5p for it to be worth 4.2 at best . Says it all . Down 1.86% .

No .. Mickey Mouse share .. will stick with SRB .

[trader536] 18/6/2020 10:41

JLP, SXX and gamble says it all. How many shares in issue???

Meanwhile at GRL... whooosh

[kennyp52] 17/6/2020 20:27

Boris .. it helps to have a dividend paying share but I think you know by now I like to trade and take a gamble . But gamble with some decent fundamentals in place is where I am at after SXX ! This has tremendous potential and the financial fundamentals are improving the longer POG stays above $1450 . Yes ... $1450 this is all most gold miners need to be making very respectable profits . Another “gamble” I am up to my neck in is JLP . Lot of mistrust around Colin Bird but Leon Coetzer seems to be taking it in the right direction and they could be declaring soon profitability in the region of 50% of their current MCAP . Worth a look maybe

[sherry35] 17/6/2020 19:41

tightfist - MH brought up the age old engineering problem about maximizing the mill equipment between the the three sites. Something this forum has discussed several times in the past.

The Sao Chico is much closer to the Palito mill than the Coringa mine. However, Coringa geological similarity to Palito promotes the use of a $2M ore sorter. During the ore sorter video relased in early 1Q20, the sort-ability of the Sao Chico ore was to be investigated. I believe they vendor engineers were looking into the requirement. Is this something you could follow-up with the executive team given their zero responsiveness to my inquiries?

The ability to sort the Sao Chico at the mine site reduces haulage costs and creates more room in the Palito mill. The SRB executive team maybe looking at pre-processing the ore at the mine sites and shipping the more concentrated ore to the Palito mill. Buying a ore sorter for Coringa is sound investment given the reward.

Should the Coringa mine expand, they can always construct the remainder of the plant from cash flow.

[borisjohnsonshair] 17/6/2020 10:45

People will kick themselves in 2021 that they didn't fill their boots in 2020 under a quid. Incredible bargain. It's buying a quid for 20p.

[tightfist] 17/6/2020 10:27

IMO it's the prospects of growth and exploration potential combined with ongoing organic cash generation that makes SRB so exciting - and requiring patience..... and the steady hands at the helm.

[borisjohnsonshair] 17/6/2020 10:11

You got some nice income holdings there but SRB is about massive growth. I'm expecting MCAP over US$250M soon and eventually US$1B. Remember what MH said - "self funding no dilution". He's got 500,000 share option at 85p. I'm sure he's confident of taking these at 300-500p!!!