Serabi Gold Share Discussion Threads

[tightfist] 25/1/2021 09:33

O/T: It was your comment on imminent production increase that made me think of CMCL. The imminent final commissioning of new Central Shaft and very substantial prospective % uplift in production rate IMO is not yet in the sp, Zim aspect included..... PEG=0.1 before 2022 impact, progressive dividend, amply covered. Zim necessitates smallish punt? Worth watching a management video. Good luck! tightfist

[kennyp52] 25/1/2021 09:10

Tightfist .. Caledonian .... just bought some ! Looks solid . Dividend paying which is always a bonus . What interested me more was the increased production final quarter and the 2021 guidance . The 2020 financials still to be published could provide a nice uplift . They too have irons in fires. So yes .. took a small punt with spare cash . What they have done this year is what SRB need to focus on .

[borisjohnsonshair] 25/1/2021 09:08

Nah - look at the bigger picture.

[borisjohnsonshair] 25/1/2021 09:08

Production now isn't the only important thing. Exploration companies rocket over night. 99/100 explore without success, raise cash by dilution, rinse & repeat. We are financing the exploration with FCF from production. We are also continuing to extend LOM for production plus developing Coringa to double FCF and lower AISC. Any finds and resource upgrades add value.

[tiger60] 25/1/2021 08:50

You are correct exploration does not immediately 'put money in the bank and pay shareholder dividends or finance expansion' but more importantly for me it can result in an increasing share price and to be honest the share price is the most important number for me.

I am not looking to be a long term holder here (although I have started with that intention on a number of shares and still holding after a few years). So ideally for me (and not necessary others or even the company) I would like to see a joint venture with a major if - and it is a big if - a viable open pit accessed resource is identified and firmed up. I also think that the gold price is good for this year but worried about bond yields there after.

[borisjohnsonshair] 25/1/2021 08:49

Daft spread!!!

[borisjohnsonshair] 25/1/2021 08:47

Pretty serious seller there though!!

[cotton4] 25/1/2021 08:42

Looks like theres a serious buyer out there. Normally with these size of sells SRB would have dropped.

[plat hunter] 25/1/2021 07:31

Little 30 second advert in-between Neighbours and Home & Away.

[borisjohnsonshair] 25/1/2021 07:11

Where? Horse & Hound? They've issued news. That should suffice.

[backinblack80] 25/1/2021 00:02

Are the BOD going to market these results??

[tightfist] 24/1/2021 21:48

Hi Kenny, SRB has a solid foot in all three phases which seems to challenge valuation. Not such an issue for a VLTH investor, though I take your point about PoG exposure. .When MH was recently asked on video about his top priority for the coming year he said unequivocally "Coringa". But as we all know serious production is two+ years down the road - is SRB the best investment? Is HUM stuck in a similar place? How do you feel better about CMCL growth prospects in the next 12 months? tightfist

[kennyp52] 24/1/2021 19:55

millwallfan .. I am on your side of the fence . SRB first and foremost needs to produce in the short term .. not only because we do not know how long the bull POG run will last but because that is what management are paid to do . Mining is primarily production and I am not sure they have done as much as they can . Yes exploration is lovely .. it doesn’t put money in the bank and pay shareholder dividends or finance expansion . So I am looking for hard work and some proper figures in the next 6 months as life is too short waiting 2/3 years for an asset to realise it’s true value ( if it ever does .. HUM is a prime example ) whilst other shares are moving up in the mining sector. There is fundamentally something wrong when educated shareholders post on here “this is hugely undervalued” ; “I don’t understand why this share price is so cheap” .. the answer to that can only be trust in management unfortunately . So they need to get on it and soon .

[millwallfan] 24/1/2021 10:41

As tightfist post clearly indicates it is the ‘more time’ which is both the unknown and cannot be bought. GLA and keep safe and well till we either beat this wretched virus or at least get it under control

[ironstorm] 24/1/2021 07:55

Haha I am still in accumulate mode - well what else can you do in this bloody pandemic.

Work the business hard, invest well. Prepare for more time.

[millwallfan] 23/1/2021 20:08

Very true, my wife and children will be very well provided for whenever the grim reaper comes to call and regardless of what I spend in the meantime. My share portfolio is just the ‘enjoyment fund’ which they are very welcome to if there happens to be anything left 😂

[tightfist] 23/1/2021 19:43

As I heard Chris Evans say "it's no good being the richest person in the graveyard"......

[millwallfan] 23/1/2021 19:21

Hi tightfist and ironstorm. Yes I am impatient 😂 and the point raised as to how long the bull run on gold will last is very valid, top analysts are talking an AVERAGE $2200 for 2021 and into 2022 so we need to increase production ASAP. No point in slowly slowly if POG drops back to $1200 ish when we reach top output. However my impatience is not wealth related as I have a large index linked pension but related to what the future holds in health terms. 2 years ago I lost a close friend to cancer who had just retired, another developed cancer of the oesophagus and another died yesterday of covid. So it’s end spend spend viv Nicholson style now as we just never know what tomorrow will bring.

[tightfist] 23/1/2021 17:58

Hi Ironstorm, MWF;.Appreciate your impatience! It seems they are intent on incremental improvements towards getting more ore flow out of the ground (eg 3-shift system, recruiting miners, underground maintenance) and pre-processing lower grade ore using the ore sorter. (The remaining tailings are of decreasing grade and will probably be consumed by end Q1 - which will afford the opportunity to process more RoM ore, ideally after it has been grade enhanced by the ore sorter). Presumably this is their approach towards lifting production through H2 moving towards 2022 which is guided at +30%..Beyond that is there any more scope for additional or redeployed equipment - or do we have to impatiently await Coringa - I assume the 2023 is for full commercial production with a contribution some months before this - maybe they can truck ore to Palito (expensive but worthwhile) during the start-up phase, rather than stockpile?.Lots to think about, tightfist

[tiger60] 23/1/2021 16:32

Coringa will not be in production until 2023 but prep work shouldn’t be too far off.

For me it is all about the opportunity to operate an open pit extraction process - low costs and quicker to market. The last two RNS reports seem to be suggesting this is a more and more likely scenario. This work should be expedited. Quantify the opportunity, find a partner if feasible and move forward. The gold bull run will not last forever. We need perceived value creation as soon as possible.

[ironstorm] 23/1/2021 16:11

Tightfist / MWF I am more impatient I think.

I would like to see a path to a big appreciation in gold produced next year. (This could fund my early retirement in a few years 🥳)

I’d like to see Coringa get going this year - no excuses. I would expect it could be debt funded.

Though if as expected the cash generation of the past 12 months continues amounts required will drop quite a bit.

That would be a respectable result this year.

Happy with the other timescales.

[tightfist] 23/1/2021 10:56

Hi MWF, IronStorm,.Thanks for your thoughts and timescale ideas. After oversight of this year's drilling budget/programme combined with yesterday's news, the dice should IMO be further weighted towards a significant new third processing plant constructed around SC (possibly built in two phases?; initially to concentrate the ore, then to complete processing on-site?). .However, my best guess is that we would not see it licensed and fully commissioned until 2025, following straight after Coringa? If so, the share price has many years to run? This would complement Banadõs' requirement for ongoing growth. Or there may be a possible farm-in option for the less patient?.O/T: SRB is already by far my largest holding. I am a couple of years older than you - so for me, if it plays-out, it's a prospective diet of progressive portfolio rebalancing going forward. I am focussed on being far reduced on self-managed equities by 74; having said that, one of the most successful LTH investors in our investment group is age 90.......As ever, DYOR. Cheers, tightfist

[cotton4] 23/1/2021 10:13

I agree Boris, these grades are exceptional and we have just started the exploration program. Although the 513 g/t is eye catching, there are also other results well in excess of 100g/t. I am no geologist but I suspect to the more informed, they will be able to guess how significant these finds are. If they carry on at this rate during the year, they will be spoilt for choice as to where to invest. It may simply be that they are looking for farm in possibilities.
IMO it is all so encouraging.