Serabi Gold Share Discussion Threads

[trader536] 09/10/2020 15:53

RIO DE JANEIRO, BRAZIL - Health authorities recorded 27,750 new Covid-19 cases and 729 deaths in the past 24 hours.

The cumulative deaths since the start of the novel coronavirus pandemic have reached 148,957. By Wednesday, the total number of deaths reached 148,228. Another 2,346 are under investigation.

The information was provided by the Ministry of Health in its daily balance on Thursday evening, October 8th. The update is based on data submitted by the Health Secretariats.

The total number of Covid-19 cases since the start of the pandemic to date amount to 5,028,444, the health ministry said. Deaths rose by 729 to 148,957.

[borisjohnsonshair] 09/10/2020 15:07

Gold going through the roof, this company printing cash, results Monday and it's not rocketing.

[borisjohnsonshair] 09/10/2020 13:50

Good Q3 results leaking

[golden prospect] 09/10/2020 09:32

I Agree BJH. From Q2 to Q3 they will have had an average selling uplift of $200/oz[guess], on production of say 8,500oz [guess] that's an extra $1.7m. Operating profit in period may exceed $6m [guess]. The cash should be gushing in, making the prospects very rosy for organic growth.

[borisjohnsonshair] 09/10/2020 09:20

Agreed but also as it's three tiered - steady output from operational mine, doubling output with Coringa and the risky license secured, plus the unknown but exciting exploration potential. It's a triple whammy. Road to 100,000 output secure with minimum risk which makes a mockery of the valuation

[golden prospect] 09/10/2020 09:15

Last Year Serabi reported on the second monday of the month, so Q3 results is a possibility on Monday 12th October 2020. Should be very strong cashflow and clues for ramping up in Q4. Compared to other gold producers the SRB share price is a laggard, especially when compared over a 3 year period, only 25% from 80p to 100p [on a revalued basis] whereas plenty of others have seen doubling/tripling and more.

[borisjohnsonshair] 09/10/2020 08:07

Rise before 8500 plus Q3 update on Monday. All pretty dull really - this company just makes money and grows. Probably an extra US$6-7M in the bank. Maybe US$7-8M in Q4, hence ample to pay off equinox and pay for Coringa mine development. Incredible.

[trader536] 08/10/2020 18:37

You should try to get out of that council flat a bit more often, maybe take the Lada for a trip to Beachy Head?

[borisjohnsonshair] 08/10/2020 18:03

Nope 460k down from 850k. Clearly you don't understand Covid either. Eventually the world will have 8b cases - moron.

[trader536] 08/10/2020 17:51

Brazil now tops 5 million cases of covid, I wonder how this has affected logistics, production and AISC at SRB? Not long till this tanks me thinks

[cotton4] 08/10/2020 12:33

They like their Monday RNS's but I suspect Wednesday is favourite for production figures. Nice if we are able to get an update re staffing.

[borisjohnsonshair] 08/10/2020 11:58

Need to be in over the weekend. News of output could be Monday

[tightfist] 08/10/2020 11:01

Yes, Cotton, volume has gently decayed over the last month - and spread has widened..Another week or two before the Storm sets-in? tightfist

[imastu pidgitaswell] 08/10/2020 09:56

I also had a nice (and probably final) interaction with him on 'the other' FRES thread recently. All started by him, wading in with nothing but invective and error.

(Although did the conversation start with one of his alter-egos? And does anyone care?)

Strange, strange character, albeit comical. Like Trump, but without the money.

[kennyp52] 08/10/2020 09:38

Imastupidgitaswell ... he will claim he was right ... supposed to have been sub 75p back in August ... never happened .... now supposed to be heading south again ... the guy should be charged with being stupid and not allowed to post . BTW I did pretty much the same as your good self and sitting with high level of cash at the moment and banked profit . Covid still impacts the markets and Trump Is adding volatility .
(Edit) ...following trader536 latest post indicating a price crash ... accordingly to my screen it’s 3.45% up today .

[imastu pidgitaswell] 08/10/2020 09:34

I remember it well. Just bringing this up for a friend:




and




As per the other thread, I did sell those last month, along with another tranche later in July, but bought them back yesterday. Nice 20% gain off TW. in the meantime with the proceeds and profit. For me, I count that as two profits t has given me with his insight, albeit not quite as he intended...