Serabi Gold Share Discussion Threads

[trader536] 10/11/2020 08:09

This dog ain’t going anywhere. Full year financials will disappoint the market due to production failures and higher AISC associated with the virus. Bend over ready for a new year shafting in early 2021

Woof woof 🐕

[kennyp52] 09/11/2020 15:53

amazing a vaccine is suddenly available after a Biden win was confirmed over the weekend . Hmmm

[borisjohnsonshair] 09/11/2020 15:17

A vaccine to make dying people die of what they were dying of, not a BS virus fragment. Muppets fallen for this!!!

[tiger60] 09/11/2020 14:18

Cross fingers it gets to close at this level.

[imastu pidgitaswell] 09/11/2020 14:13

Oddly enough this is hanging on very well versus other PM stocks. For now.

[tiger60] 09/11/2020 14:11

Well you should worry a bit a vaccine will allow stimulus plans to be scaled down and therefore less money printed etc etc. However, a vaccine at some point was always on the cards and we are passed the point whereby loose monetary and fiscal policies can be rolled back. But not everyone has the same outlook. Gold 1877 down 73

[borisjohnsonshair] 09/11/2020 14:08

I wouldn't worry about that.

[tiger60] 09/11/2020 13:22

Well that vaccine news spiked the gold price down as markets cruise up. As is the case these days volatility is crazy but does nothing in the long run to dent golds inevitable rise but today is not our day

[borisjohnsonshair] 09/11/2020 10:27

Dec Futures are, not spot

[tiger60] 09/11/2020 08:27

Gold at $1960, stimulus near. This should be a good week.

[cotton4] 06/11/2020 09:39

I think the low qtr4 guidance is down to a few factors. Firstly a delay in getting the people back and then followed by a period of quarantine. Then we have the xmas break in December. We can't claw back October but they should be able to increase their workforce going forward to achieve full production including ore sorter. Production capability was always the constraint, not the mining. This of course will depend on accommodation facilities.

[ppvn] 06/11/2020 09:31

Q3 financials should still be good imo, and sad to say not due to Serabi's actions but rather due to the gold price. Q2 saw an average sale price of $1650, but q3 should be well up on that. Whilst I suspect you are right that AISC may have risen yet further, the gold price achieved should have risen proportionally more imo.

Hesitant to say anything positive at the moment but there you go!

[borisjohnsonshair] 06/11/2020 09:30

You'll recall I said it was a nice opportunity. I for one picked up a few thousand extra at less than 80p. Thanks impatient people and morons playing with charts. This will rise to 250p as Coringa get built. Gold will be US$3,000 when that's on line - MH said drilling in Mid 2021!!!

[tiger60] 06/11/2020 09:16

Q3 financials will not be great compared to Qtr2 as AISC will be up/prod down. My issue was not the production of low 7,000s or that qtr 4 would be 8,000 and even qtr 1 2021 would still be impacted due to the need to catch up on '9 months of drilling' but the fact that mid Aug we were told Qtr 4 2020 would see normal production rates. As MH says it is obvious we need to spend time catching up on the drilling - this should of been equally obvious in Aug as it was in Oct. Anyway thats gone now. Gold is back near $1950 and our exploration prospects have perked up - lets hope for some news this year that can boost our profile and make others sit up and take note.

[ppvn] 06/11/2020 08:52

Great post plat hunter.

Took a deep breath here for the past week or two but the only thing I think took place was the ongoing impacts of covid. With fewer faces to work underground i guess the explanation given for the lower production numbers does make sense but it was a disappointment. Of course, given that the workforce should now be opening up more faces this should just resolve itself, but its just more time that I'd not factored in personally.

Anyway all good and here's to some good q3 financial numbers in the next couple of weeks.

[kennyp52] 05/11/2020 09:50

I agree Boris ... the MCAP looks low against others in the sector but I don’t set the price and the market clearly needs convincing . Something will give before long .

[borisjohnsonshair] 05/11/2020 09:42

When you consider cash in the bank,almost 50% of Coringa paid off, debt cleared, two acquisitions and exploration progress - the price remains STUPID.

[cotton4] 05/11/2020 09:36

They generated $3.5m in the month. A profit of $2.4m (which is low) gives them a cumulative profit of $8.5 (+50% YOY) and the share price hasn't moved from a year ago.

[borisjohnsonshair] 05/11/2020 09:31

Why - the increase in gold price vastly higher than decrease in output

[tiger60] 05/11/2020 09:03

I think profit for the qtr will be low but a lot depends on depreciation and admin expenses. Gold is gaining momentum again today. The driver short term is the gold price.

[cotton4] 05/11/2020 08:19

I expect to see the financials for qtr3 next week. IMO +50% increase in profit YOY.