Serabi Gold Share Discussion Threads

[qs99] 28/9/2020 13:30

Getting some market recognition of progress now

[borisjohnsonshair] 28/9/2020 10:30

Yep - let's see the plan now the main license in the bag. Plan sailing.

[tightfist] 28/9/2020 10:18

Very unhelpful spread, is there a large delayed Sale yet to be reported?.Great news and clarity - What we need to see now is a committed timescale to Coringa Commercial Production, with the remaining two steps of permitting and cumulative cash flow overlaid..A blue week ahead? NIAI, tightfist

[borisjohnsonshair] 28/9/2020 10:17

I think it'll jump by close.

[borisjohnsonshair] 28/9/2020 10:15

No stock....god knows. Anyway, risk greatly reduced so the mega income closer. Mad price but 3, 4, 5 quid coming.

[kennyp52] 28/9/2020 09:48

No real share price response ?

[borisjohnsonshair] 28/9/2020 08:46

That's right, they can proceed with development of mine and full steam to production. The next stages are formality. We need a Crux interview with MH to give that message and a time frame for output. It's real and it's happening.

[tiger60] 28/9/2020 08:43

It will take that long +. The full operating licence is only issued upon completion of infrastructure and the processing plant. This was known by SRB.

This is a good day. The hardest part is complete.

[cotton4] 28/9/2020 08:41

I doubt that it will take another 6 months but if it was to take as long as that, then we would certainly have sufficient cash generated to do all the work required.
Short term what is more important is current production levels and a return to full production. That will determine cash flow. We should have a good idea by the middle of October. In the meantime it is still a waiting game even although the share price is hugely undervalued.

[cyberbub] 28/9/2020 08:34

This is good news, but it seems like there are still a fair few hoops to jump through, and 3rd world bureaucracy is not renowned for its speed even at the best of times. Will this 'LI' permit take another 6 months?

[borisjohnsonshair] 28/9/2020 08:34

I give up!!! What's the issue now - lack of shares?? There's 16% in retail hands, none of whom will sell.

[qs99] 28/9/2020 08:12

Really good news IMO and surprised share price hasn't moved along more....first step done, let's hope the other steps get completed quickly so line of sight to production and CASH can be assessed / valued by the market properly on this share....DYOR

[ironstorm] 28/9/2020 08:09

Top news here. And with the cash we are throwing off a great prospect.

[borisjohnsonshair] 28/9/2020 07:16

Get this in context - 90,000 ounces at say US$750 FCF. We have almost enough cash now and ongoing output to fund acquisition and mine development, so no dilution. That's US$67.5M FCF a year - same as our current MCAP. We are at 20% fair value, excluding MASSIVE exploration potential. I reiterate 500p and Peel need to revise their 225p forecast on this news.

[borisjohnsonshair] 28/9/2020 07:03

Ha - I was right ..... tomorrow "never comes"....in fact it does.

[ppvn] 28/9/2020 07:01

There you go bojo!

[borisjohnsonshair] 27/9/2020 16:35

Agreed. SRB is so undervalued, steady with production, close to doubling NAV with license and has such massive exploration potential I consider it a take over target. It's a bargain under 400p for any big boy, so it begs the question when!!!!

[tightfist] 27/9/2020 08:28

Within the next three weeks I am looking for announcement of a progressive production outcome for Q3 and confirmation that the Palito camp has now been expanded back to full capacity whilst respecting Social Distancing - and is being rapidly occupied. An update plan on safely resuming surface exploration through contractors would be great..These aspects seem largely within management control. I presume the latter stages of the Coringa licence process are not - patience still required - though we are not yet out of September......Cheers, tightfist

[loganair] 26/9/2020 10:51

MoneyWeek - Gold took a tumble this week as the dollar strengthened and investors started to worry that there won’t be any more free money for the stockmarket (and other assets) until the US election is over. As Dominic wrote earlier this week, the short-term trend on most assets is now looking wobbly. That said, we reckon this gold bull market has a long way to go, so unless you’re a leveraged trader (which is your choice, but you really really need to be aware of the risks) then I wouldn’t worry about the current dip.

[tiger60] 25/9/2020 18:31

For the prior two quarters we were pre fed an individual months numbers but nothing this time. Hoping for 8,500 but will be happy to see it in black and white.

[borisjohnsonshair] 25/9/2020 14:06

Nice opportunity at 97p

[borisjohnsonscock] 25/9/2020 13:59

The only thing going down is the share price. Woof Woof DUMP THIS DOG!