Serabi Gold Share Discussion Threads

[tiger60] 18/1/2021 20:50

To be honest it has a lot to do with external factors relating to the gold price in my opinion. Hedge funds sold out of gold longs on strengthening dollar and increasing bond yields

Yellen is scheduled to talk tomorrow. She is seen to not favour the ‘talking down the dollar’ approach of Trump appointees which is negative for gold. The nuances in her language will be reflected in dollar movements and therefore gold outlook

Gold is competing against strengthening bond yields for attention (both benefiting from the prospect of inflationary pressures). A nice bounce off 1800 early this morning but some are calling 1775 support will be seen. Let’s hope for a bounce back up as a high cost producer we are impacted more than others by drops or gains in the price

[kennyp52] 18/1/2021 20:38

Production and a nice discovery Boris ... hopefully this is the news we will get and sooner rather than later before I get tempted to dump .

[tightfist] 18/1/2021 19:34

Hi Sherry, I foresee a possible 81/79p over the next couple of weeks - IMHO that's what the chart Support level suggests to me if the share price continues to weaken with the absence of news flow. There is little precedence of SRB insider activity in the market, and Bed-'n-ISA which seems to be the prevalent tax efficient activity in U.K. seems to be usually pre-arranged at minimal spread with a decent broker..I had wondered about moving the Coringa plant to SC but I see no hint of it in the recent video. I am not aware of what licensing or community issues would possibly arise..I don't know about anything going on the AA sandwiched tenement but I did note the recent SRB geophysics map was truncated to the West. It is not like Serabi to add value to someone else's tenement, more like first acquire that tenement at a good price?.Cheers, tightfist

[borisjohnsonshair] 18/1/2021 16:23

I'm not sure about charts, but why would it drop to 70p days before the discovery announcement?

[tightfist] 18/1/2021 15:57

Hi Chip, Cotton;Or eyeballing the Forex charts, pertinently:Average POG for 2020 was US$1,777/oz or 9150 BRLAverage POG for 2019 was US$1,396/oz or 5500 BRLBrasilian inflation was around 4,3% in 2019.I just wish we could see the BRL weakness coming through into the reported $ costs.......Cheers, tightfist

[sherry35] 18/1/2021 15:24

tighfist-opedia - is 70p the floor on this post XMas seasonal pullback. If it hits 70p or lower, which it may do on a planned insider cross, great time to jump in.

MND.TSX's Thursday SP/Volume spike to $2.50 was a institution buying shares out of the public market. I correlated the insider report in SEDAR or CEO.CA to the long candle wick and volume. They have been involved for 3 years and rode through the same down cycle. I call this a "accumulation pulse on news". I have one for now news as well.

Do you think SRB will move on advancing the SC mining license to full scale mining, and move some of Coringa equipment to the SC site? This would increase capacity PL mill allowing for more ore production. To me, this would be the quickest path to increased ounces and cash given the Coringa commissioning is 2 years out.

Is SRB doing a farm-in on the AA's Oreo (between SC and SD) permit?

To close, I wish SRB more like MND. I can't get them all right.

[sherry35] 18/1/2021 15:07

BJH - great post 1635. Nice refresher.

[borisjohnsonshair] 18/1/2021 14:21

Who knows but the exploration announcement is less than a T10 away. Definitely a buyer if I can pick up more near 80p

[tightfist] 18/1/2021 14:15

Looking at the chart, I won't be surprised if we dip down to around 79p before the São Domingos results break.....What did Warren Buffet say about patience!

[borisjohnsonshair] 18/1/2021 12:39

Oh - and done this during a pandemic!!! Reduced resources on site and leaders stuck overseas. Imagine what they can achieve post-Covid. Perhaps their PR could do with some WOW that matches their operational & financial achievements

[borisjohnsonshair] 18/1/2021 12:34

It's a funny old game. SRB had a great year in the circumstances and it's announced its announcing a discovery in 2 weeks. The only thing we don't know is how big. Last year - increased cash by US$7M, paid off US$8M of Coringa, paid off US$3M of debt, paid 100% for two acquisitions, got Coringa license, increased exploration. FFS!!!! What's the EPS & PE ratios for the cash increase & debt reduction. In the balance sheet the Coringa debt will have existed but it's US$74M NAV won't until acquisition isn't completed. So by end of Q2 we will have the existing NAV + Coringa + discovery. Anyone selling is mad!!!!

[tiger60] 18/1/2021 11:55

86 to buy so going down a bit further today. Quite a lot of selling post 11am against POG slightly higher. Roll on expo news...

[sherry35] 18/1/2021 11:33

PM juicing reboot. POG goes to $10k US ounce.

[chipperfrd] 18/1/2021 11:04

Sorry Cotton, I thought you wanted the yearly average.

I have been monitoring the COT weekly for 10 years so I have all the quarterly and annual data to hand.

[cotton4] 18/1/2021 10:39

Chipperfrd

I was looking at the pog Jan 2020 compared to pog now and similarly with the real.

[chipperfrd] 18/1/2021 10:36

Cotton (re your earlier post),

Average POG for 2020 was US$1,777/oz
Average POG for 2019 was US$1,396/oz

[millwallfan] 18/1/2021 10:07

Thanks all. A hold then for me to see how things develop this year. My average is 62p so I guess unlikely to make a loss even if I don’t make my expected 4-5 bagger 😂

[tightfist] 18/1/2021 09:18

Hi MWF,.Your query - the BoD is totally in contact - it includes Banadõs as Chairman (day job is Fratelli family office advisor) and NED Sawyer (day job is co-founder of Greenstone)..It would be intriguing to know their exit strategy! But do they need one - if Serabi can progressively grow over the years in MC/NAV by exploration, mine development, farm-ins, regional acquisitions and eventually dividends would their objectives over the next decades be met?.I suspect the answer is Yes - other thoughts? Cheers, tightfist

[ironstorm] 18/1/2021 07:56

Well said that man . . . . Woman . . . . Person

[sherry35] 18/1/2021 03:16

mill - My exit strategy, as will as the financial institutions, is to be bought out. A hostile takeover is possible but the poison pill may already been swallowed. I leave tightfist-opedia to comment on that. He has a very informative way of proving me wrong or right.

I suspect SRB farm-in terms were to steep given their lack of drilling. The terms were to high for a major given low developed reserves. I seen this same situation in mechanical company were CEO and has puppet family directors drew large salaries while hoping to bought for unproven IP. There were product was CRISP financial papers, patents and sharecerts. 3 investors took over the company and we finally building a expander. The compressor is next.

I see some similarities in YUGE salaries and bonuses in 2018 and 2019 hoping a major buys them for some ridiculous terms. However, the executive has manged to mine gold (product) in Latin America county. So pay I pay them so credit. No one took the bait even with a mill in production. Better prospect than mismanaged misappropriated funds of the mechanical company. Now we drill which what been asking for the last 3 years.

So, until the executive team comes with a mine plan, the current plan is to [finally] the drill the permits to dictate better terms on a farm-in or buyout. Long over due. Lets hope we continue to fund operations several legacy investors have pointed.

I know the SRB permits have the high grade Au goods which keeps me invested. My opinion on executive team and BOD is well known. Metric 1 has been published. Time to deploy drill rigs.

[millwallfan] 17/1/2021 19:39

And with only 63 million shares (including options) the potential of the company as a producer with expansion in train combined with being an explorer with highly prospective areas should give us all reason to be cheerful as we go into 2021. Covid was and is an unexpected set of hurdles last year which has undoubtedly put a spanner in the works in terms of company development and expansion. However I believe the Brazilian authorities have today approved 2 vaccines so the light at the end of the tunnel has just got brighter. IF and it’s a big if, the gold bull run continues as some eminent commentators believe in the period we ramp up production towards 80,000 oz with an aisc circa $1,000 it is not beyond the realms of possibility that in 18 months the annual profit would not be that far short of current market capital. Take a very pessimistic p/e of 8 and do the maths. As BJH has suggested a takeover before that is one of our ( pi’s) greatest risks to ever getting true value from our small holdings. £3 to £4 in 12 months will make me happy in retirement 😂

[borisjohnsonshair] 17/1/2021 18:49

A good point. I also don't expect them to drip sell to retail investors as the price rises. They want a 100% take over for Us$1B.

[millwallfan] 17/1/2021 18:32

I have only just established that 65% of shares in just 3 hands and 57% in just 2 so basically whilst comments, thoughts, predictions and ideas, positive or negative, on this board may be interesting to keep us all engaged it is what those holders do that will give us strong signals on the direction of travel. Surely Fratelli and Greenstone must be in close contact with the BoD and unless they start selling we can assume they are happy that there is much more to come?????

[cotton4] 17/1/2021 14:01

BJH
I expect the average pog for 2020 to be about $1650.
We start 2021 at $1800+.
The real was usd 4.20 and is now usd 5.29.
So even with maintaining current production rates we are ahead of last year and last year was probably the best so far financially. So like PPVN I'm going no where.

[plat hunter] 17/1/2021 10:20

Does Boris not play over at CEY anymore, not seen him for ages?