Serabi Gold Share Discussion Threads

[sherry35] 08/7/2020 17:38

Finally broke through $1800 US oz. Climb high, climb fast.

The reason the Brazilian Pres. is wearing a mask is to lower his transmission of C19 to others. As for him contracting it, everyone is going to get infected with this virus over the next three years. So, the C19 metrics doesn't capture asymptomatic carriers. That could be 30% of the regional area. And, I don't see this burning out given the half life on surfaces (up 2 days) and in the air (1.2 hours).

MH has implemented mitigation to protect the workers and slow down the spread. At some point, these workers will get infected with C19. Hopefully during the down time. To reiterate, Brazil manufacturers their own HCQ. Supplement with zinc sulfide, this should address the more serious cases if applied proactively.

We are debt free for the moment. I hoping a combination of Au revenue, farm-in fees and small PP (line the pockets of execs and peers) will cover the commissioning costs of Coringa. I would like to see a ore sorter installed as well but that may over extend the budget.

I'm very happy gold crested $1800. I'm wondering about the Au mining costs given the low price of oil and lower global demand for gasoline/diesel. Would it be a $50 ounce cost reduction?

[ironstorm] 08/7/2020 15:46

no need for a placing in my mind. what they going to spend it on short term?

record Pog / cash return expected. worst case more strategic projects could be delayed a quarter or two.

best case throwing off so much cash dliution much reduced.

[tiger60] 08/7/2020 15:46

83p to buy so going further down atm. Looks ready to break the trend.

[ppvn] 08/7/2020 15:24

To clarify - I'm not worried in the slightest here!

[yorkie14] 08/7/2020 15:07

Tiger and PPVN agreed, very worrying times. Sill think a placing coming!

[ppvn] 08/7/2020 12:55

Hear hear Tiger.

Agree on the fact there is a disconnect; there seems to be historically with Serabi. I personally believe one day it'll jump and I'll never be able to figure out why or when.

I'm still happy here, and building when I can.

[tiger60] 08/7/2020 10:34

Breached USD 1800. Everything right macro wise but still not pulling in the interest. This is such an illiquid stock with relatively few shares in issue part of the reason I originally thought this would be a great bet when leveraged to an ever increasing gold price but it has not been the case.

This should move in double digits if they can get any good news out there but at some point there is a disconnect.

[borisjohnsonshair] 08/7/2020 08:33

Not yawn - it's fact. Stay in denial and lose - why change the habit of a lifetime.

[kennyp52] 07/7/2020 23:35

The market seems to be factoring in worse case scenario given where POG is and is possibly going . If they can beat 8,000 ounces and give some reassurance on the license situation we could see a nice rise . Good luck . Brazilian president is even more stupid than Trump on Covid ! 30p huh ... now that would be nice .

[borisjohnsonshair] 07/7/2020 16:34

Yeah but still fine!!! Fit to mine.

[trader536] 07/7/2020 16:33

The numpty is wearing a mask after the fact lol

[trader536] 07/7/2020 16:31

Brazil’s President Jair Bolsonaro Tested for COVID-19

[trader536] 07/7/2020 16:24

It doesn’t seem to have done any tricks for a year or so, maybe this pony is lame

[tiger60] 07/7/2020 16:15

'not just a one trick pony but a whole field of them' Apprentice 2015?

[tightfist] 07/7/2020 16:01

This pony performs multiple tricks......

[tiger60] 07/7/2020 15:56

Gold close to USD1800

[trader536] 07/7/2020 15:29

SRB is a one trick pony, if the mine closes income will be zero and share price will go to 30p

[trader536] 07/7/2020 15:28

Cases in Brazil now up to 1.6 million.

[king suarez] 07/7/2020 15:16

What leads you to that conclusion, or are you simply referring to the CLN?

[yorkie14] 07/7/2020 15:09

Just see a placing coming here i'm afriad...