Serabi Gold Share Discussion Threads

[trader536] 14/7/2020 15:10

Mine life is about 2 weeks...

[borisjohnsonshair] 14/7/2020 15:03

It goes on forever!!!

[redtrend] 14/7/2020 14:34

What's the current Life of Mine for Palito (incl. Sao Chico)?

The NI 43-101 compliant Technical Report – Palito Mining Complex mineral resource estimate from Jan 2018 states Life of Mine up to Nov 2021.

I know of course there's been large amounts of drilling since then and I see in the Feb 2020 presentation the reserves and resources appear to be updated but I can't see from which RNS this came from:

P&P Reserves 181,000 Oz @ 8.04 g/t
M&I Resources 307,000 Oz @ 11.94 g/t
Inferred Resources 231,000 Oz @ 7.94 g/t

Does anyone know where the presentation takes this from?

[trader536] 14/7/2020 12:42

I sold at 90 ‘again’ and I’ll be buying back at 60 ‘again’

I like to look in here every now and then to give you a kick make sure you’re still alive

[borisjohnsonshair] 14/7/2020 12:02

All fair comment however I don't feel they could be doing any more or better than they are. Focus on the fundamentals not the short term movement or our in-house non holding moron.

[tiger60] 14/7/2020 11:57

Lets not get back to a two way argument that discourages debate from all. I expect the RNS in a few days will give enough ammunition for one side or the other. I think investors here seem to give more credit to the CRUX interviews than the RNS news releases. The interviews, and I have seen many in my time, are all best case scenarios to allay any fears and build goodwill rarely mentioning the pitfalls.

From what I see there is a paradox the virus is pushing up the gold price whilst keeping production levels down. The increase in price has to outweigh the decrease in production.

Best hope is any hint of open pit mining or teaming up with a major, that will be a game changer even if mooted. The downside is the virus is not going away quickly. Maybe they need to take the time to forge alliances built on their existing knowledge of the surrounding area now with gold sentiment at highs. It has the potential to go up passed a £ easy but they need to convince investors it is not more of the same.

MH is definitely well compensated. Would like to see compensation aligned to share price and stated objectives laid out in the forward statements in the annual accounts

[trader536] 14/7/2020 11:48

This dog has gone nowhere for 15 years, the only ones making money are the directors

[trader536] 14/7/2020 11:46

Wake up to reality you clown. Here’s a post from the other thread from 2007....

“ Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB
The second quarter results have been released.

It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces).

In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land)’

[borisjohnsonshair] 14/7/2020 11:10

Drop 6% in two days after GBP17k of trades. Say GBP10k of sales. Volatile due to lack of liquidity. Can rocket when news is good, plummet when bad and drift easily when risk remains.

[trader536] 14/7/2020 10:35

MH has been banging on about 100k production since 2007, meanwhile SRB market cap has gone nowhere for 15 years. He’s a great salesman and at £400k a year has trousered 10% of the market cap since he started. Nice job if you can get it.

[trader536] 14/7/2020 09:11

Chart indicators don’t lie, they are derivatives of actual price action

Calls of 500p and 1000p make me wet my pants laughing 😂

[tiger60] 14/7/2020 08:51

I don't know why this was said to be a good entry point. The chart is downward.

However, the RNS in a few days has the power to reverse or accentuate the trend.

As to your point Boris about this company being a 80, 90 or even 100oz producer in a couple of years. That may be the case but why wait? Money moves in and out looking for more short term gains and the fact that Coringa moves ever backwards and the Qtr2 and 3 guidance of 8,000oz may extend even longer makes investors questioning whether this is the right home for their money.

I like gold, I like the illiquidity but have reservations on execution

[tightfist] 14/7/2020 08:24

I remain Chilled regarding SRB (and delighted that ALTN has found some steroids). I was just preparing us for potential breaking of a Support level, especially when folk may be impatient to put their capital elsewhere into something Gold and heading North. I am too overweight SRB to see it as a potential opportunity..Not so confident now that COVID "will pass" - the preliminary news release I caught yesterday researching anti-bodies retention sounded gloomy?.Cheers, tightfist

[borisjohnsonshair] 14/7/2020 06:50

Chill Tightfist- the price is below its NAV and that's based on proven resources not including Coringa nor their mega field. They've got 20% their MCAP in cash and paying down Coringa purchase obligation plus zero debt. Two shackles - Covid and License. Covid will pass and they can easily afford a shut down and the license imminent according to Crux interview. Fast forward 2 years 80,000 production, gold US$2,500-3,000 and the mega field resource announcement and open pit farm in agreement. 500p - £10.

[tightfist] 13/7/2020 21:50

We need some (good) news! If we break this Support (patience) level then this chart could turn ugly?

[golden prospect] 13/7/2020 21:50

Crux interview from mid June confirms Serabi debt free, strong cash flow and great prospects. Plenty to like.

[borisjohnsonshair] 13/7/2020 21:11

Don't worry about other mines. True value comes out. When SRB have 80,000 output they'll make around US$60M / year. I don't think they'll hang around too long with a PE of 1 plus MASSES of mental expo potential.

[kennyp52] 13/7/2020 19:39

The dip into the 50s provide me a chance to hold a decent amount of shares and I will just sit tight now until the Covid is under control and the risk lowered enabling this company to get on with full production , the new license and moving towards 80k ounces a year . Good luck all . Undervalued significantly in a “normal world” IMHO.

[brasso3] 13/7/2020 15:51

It feels like you cannot go wrong with the gold miners at present. Its just about how fast they double in price! (Famous last words)