Serabi Gold Share Discussion Threads

[borisjohnsonshair] 19/10/2020 13:20

I have no jurisdiction over Thai kiddie fiddlers, so just answer the question.

[trader536] 19/10/2020 13:16

Are you a policeman?

[borisjohnsonshair] 19/10/2020 13:07

Are you buying?

[trader536] 19/10/2020 12:45

Perhaps a 15k buy?

[trader536] 19/10/2020 12:41

I wonder if there’ll be another large buy before 1pm

[borisjohnsonshair] 19/10/2020 11:45

It should be better in all variables - AISC down, gold price up and production up.

[golden prospect] 19/10/2020 11:38

Q2 : best cashflow and best profitability

Q3 : more of the same ? (due)

[ppvn] 19/10/2020 11:38

The q2 results weren't that spectacular due to the 60% output coupled with the higher aisc due to their lateral development of the mine. Don't forget costs were $1250 with a sale price of just $1650 due to gold rising in q2.

Hoping that this quarter the aisc is materially lower, and the sale price achieved is significantly higher. With a backward looking valuation i suspect that's why we are where we are bojo.

[borisjohnsonshair] 19/10/2020 11:29

100% agree. Very very odd share price. Is it purely due to there being so little in PI hands?

[poieo] 19/10/2020 11:20

FWIW the reality of current production at circa 40k oz and widening margins due to POG, even at a low estimate of $500 margin and 40k oz and a P/E of 10 (on current production levels) the market cap should be $200m that's 2.5times where we are at now. Then at some point the market should start to price in the future plans to expand to 100k oz and reduce AISC. Maybe the market hasn't worked this out quite yet? Some of the economic factors are relatively recent and SRB disproportionately benefits from a move up in POG due to relatively high production costs, maybe this is not understood widely?Perhaps some ST concern around production levels due to COVID etc. Quarterly production news is imminent so we should know soon...Possibly some remaining concerns around financing and Coringa? For my money a lot of this has been de-risked due to extra margin and free cash.

[borisjohnsonshair] 19/10/2020 11:17

True - MH has just got share options, Brazil more stable than the USA and Europe and Gold rock solid for lots of reasons including the previous answer re Brazil

[ppvn] 19/10/2020 11:16

Interesting extra addition in my view; looks like the extra plant is being penned in for location at Sao Chico? So that would be a 500tpd mill at Palito, 750tpd at Coringa and I suspect a third plant at Sao Chico.

I guess they need a step above 100k for their future presentations!

[tightfist] 19/10/2020 11:01

Hi Melody,.As Cotton says you won't find many SRB Bears here (or anywhere?), but there are some occasionally thoughtful Bulls..It's healthy to be cognoscent of flip-sides when gauging one's SRB/Gold Mining exposure - here are three from me, reliance upon: MH & CL continuity; one jurisdiction (Brasil); Gold sentiment..Any others for debate? tightfist

[borisjohnsonshair] 19/10/2020 10:57

Without Coringa

[cotton4] 19/10/2020 10:49

We're looking at about 50,000 ounces. At a margin of $700 per ounce thats $35m.

[golden prospect] 19/10/2020 10:45

Today's news is simply bolting on huge potential for a small price, market asleep

[cotton4] 19/10/2020 10:39

Theres not many bears on this thread, melody. Boris has a bear friend on the other board.

[melody9999] 19/10/2020 10:30

Hmmm - more good news - things seem to be developing at a pace here. Any bears around to tell me why I should not add some more?

[golden prospect] 19/10/2020 10:19

SRB has all the hallmarks for a golden prospect, a re-rate will be no surprise

[tightfist] 19/10/2020 10:09

Yes, but it seems as though the Mood Music has changed to a more rewarding tempo - Debt!

[borisjohnsonshair] 19/10/2020 09:32

No - just shows they are thinking ahead long term. We have production, extended production, new production and MASSIVE exploration potential, cash, no debt..... it couldn't get much better. WTF I'd the price doing.

[kennyp52] 19/10/2020 09:04

Looks a cheap buy ? Royalty is obviously the chief consideration but only gets paid if we produce so happy with that . Connected to existing operations . Any negatives ?

[borisjohnsonshair] 19/10/2020 08:46

Maybe true but the max dilution for the loan isn't huge in the scheme of things.

[tightfist] 19/10/2020 08:45

Slow-and-Steady wins the race; besides SRB is a pretty lean team.

[cotton4] 19/10/2020 08:38

Can't hurry a Murry. Such is life investing in SRB.