Serabi Gold Share Discussion Threads

[trader536] 30/7/2020 11:58

I’m a realist. Far better than trying to kid yaself that cases in Brazil are falling as you incorrectly keep saying.

“Brazil hits record daily deaths, cases”

[loganair] 30/7/2020 10:54

c1 - I look forward to you opening up a new thread.

One thing I ask is please do not make the header too long, same as the 3 graphs on this thread is all that is needed.

[c0lin1] 30/7/2020 10:43

LOL
I notice you havent been back on AAZ since you were laughed off the board previously.
I will create a new thread tonight for SRB
Its not like we will miss anything of Traders charting skills. All he does is google common charting phrases and sticks them on a chart. Its obvious he hasnt got a clue really.

[trader536] 30/7/2020 10:36

Boris my good friend, GRL is operating a few kilometres along strike from one of the biggest gold mines on the planet. Look how the share price has reacted, compare the charts and let me know why you think It’s out performed SRB

[rpt_regal_petroleum_buy_now] 30/7/2020 10:24

Buy JKX - best buy at the moment in O+G sector.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[borisjohnsonshair] 30/7/2020 10:23

Roger that.

[c0lin1] 30/7/2020 09:54

Do you know if you create a thread as a blue user can you ban people from it. If so I will create a thread later and ban Traderxxx and then Boris might behave a bit better.

[tightfist] 30/7/2020 09:43

Hi tiger,
.
Totally agree with your last two postings. In normal times I feel very comfortable with Brasil; currently it has its issues and appalling PR (led by Bolsonaro’s antics) and I was just thinking about the superficial punter looking for his next ride - we need some share price momentum!
.
Cheers, tightfist

[tiger60] 30/7/2020 08:58

And the 3rd reason we have a board that dissuades any new investors based on its constant bickering!

[loganair] 30/7/2020 08:58

Sadly over the years Serabi has consistently over promised and under delivered.

Serabi for 3 years continually promised it would reach 40,000oz gold mined and that this year was the year the company said they would be mining 100,000oz of gold.

[tiger60] 30/7/2020 08:43

Personally think the operating country, compared to many explorers/producers, is on the stable side. Yes there is an element of Corona Virus management issues with Brazil but even before the virus Serabi seemed to not work in parallel with the wider gold market.

People moan about the illiquid nature of the company. Thats what attracted me. Hoping for huge swings based on supply and demand with the obvious thought that as gold prices streaked ahead demand would rise and we would see a large swing upwards. Obviously I was wrong.

The disconnect between the gold price and the share price here is disconcerting. Two things come to mind the first is questionable (not rational even). The majority of short term retail investors seem to equate the share price to there decision to buy irrespective of mkt cap and therefore chase the penny shares - like GGP once was. Second and more likely the PNL for Qtr 1 was $0.77, extrapolated out takes us to $3m which looks a poor return. However, gold prices are now $200 higher an ounce but I still believe some are looking for conversion into black and white. Also need to add in whilst 8,500oz looks good in isolation bearing in mind the guidance that figure can only be put into context once we have the associated costs.

The delay at Coringa - 2 years to get online and the cost - has put a cap on short term production. But even saying that it is lagging behind its peers. Maybe its history, maybe unlucky but whatever it is it needs to be solved as what point is it to own a gold producer that doesn't budge even with gold at near record highs?

[trader536] 30/7/2020 08:08

How many mines does SRB operate and how many countries do they operate in?

[trader536] 30/7/2020 08:07

Wasn’t great company news reported on 23rd? The share price has failed to react because of the uncertainty and risks in Brazil

[tightfist] 30/7/2020 07:36

Hi PPVN, I agree. For the superficial gold stock prospector, I suspect suspect anything to do with "Brasil" has a health warning attached and they quickly move on? Momentum wins over potential.....IMO Brasil needs a big PR exercise - or a change of government? Or healing time?.Of course, some great company news could suddenly over-ride that perception..Cheers, tightfist

[borisjohnsonshair] 29/7/2020 14:46

She's gunna blow

[ppvn] 29/7/2020 14:00

Still a lot of OILQ trades about, I've no idea or theories as to what they could be now! D'oh.

Still a bit deflated with the pricing here, thought we were going to turn a corner this week to be honest! But all in good time I suppose.

[millwallfan] 28/7/2020 18:05

BJH - £5 huh. Current mcap is under £55 million. Licence = 80,000 + ounces pa within 2 years. Assume aisc $1,000 so with au @ $2,000 ANNUAL profit exceeds mcap. Most producing miners have a p/e of 8 to 10 so IF au gets anywhere near $5,000 within 3 years then I think you might need to further exercise your calculator finger lol. Other things being equal (eg broadly status quo with no disasters , licence issue and sensible capital funding or small dilution) I have been thinking £5 a possibility with gold at current levels. All IMHO of course but I am hoping this single share will clear my mortgage and replace my A8 long wheelbase with a newer model - the one with the rear footrests so I can have a nap on longer journeys lol.