Serabi Gold Share Discussion Threads

[tightfist] 27/2/2021 18:18

"Be greedy when others are fearful" - wise advice indeed from The Sage, WB!

[kennyp52] 27/2/2021 16:56

Gold is cheap ... but keeps getting cheaper . Can’t help but think there is some BS narrative and nobody has a clue where gold is going and meanwhile this goes back into the 70s and heading further down in the short term Imho .

[trader536] 27/2/2021 06:20

Back to 60p it is then. Woof Woof!

[borisjohnsonshair] 26/2/2021 16:26

Wild. Gold a bargain.

[tiger60] 26/2/2021 13:13

They were a bit sneaky. The Dec balance reported included a bullion sale that completed early Jan.

Gold pummelled again 1730. Amazing. If the Fed don't start buying....well.....

[cotton4] 26/2/2021 12:16

Hi Tiger - I am not sure if the drilling exploration cost can in part be capitalised.
As for the bank balance reducing, they paid back $3m in debt. They had increased wages payments in the last qtr and had reduced sales shipments. I was surprised the bank balance hadn't reduced further. By the end of this qtr, debt will almost all repaid which will free up $3m a quarter for Coringa.

I do expect SRB to re-rate but when and what the catylist will be I don't know. Maybe the Coringa licence or exploration results. Still a waiting game, unforunately.

[tiger60] 26/2/2021 12:09

We have re-introduced exploration and the total budget for that I believe was stated as $5m. So a portion needs to be factored in. $1M?

A bit concerned the bank balance reduced from 10.8m to 8.1m (from memory) from Qtr 3 to Qtr4 so I am interested to see where that stands end of quarter 1 2021. However, Qtr4 included the 'bonus' month.

[cotton4] 26/2/2021 11:12

Just for a bit of fun and out of boredom, I have made a stab at qtr1 financial for 2021 and await any views:

Sales $ 15,894,000 (9000 oz @ $1766)
COS -$ 8,582,720 ( Margin in line with Qtr3)
Admin-$ 1,664,630 (Same as last year so may be low)
Dep etc -$ 1,704,361 (Same as last year so may be low as well)

Profit $ 3,942,249 ( 2020 $1,495,640 - increase 260%)

Have I missed anything or are there alternative views.

[borisjohnsonshair] 26/2/2021 10:09

Exactly. The "safe haven" drops during crisis as it's easily liquidated. Then people pile in. It'll be US$2,500-3,000 as Coringa comes on line.

[cotton4] 26/2/2021 09:30

Jan 2010 pog $1100
Dec 2012 pog $1660

[borisjohnsonshair] 26/2/2021 09:20

Gold will rocket in 2022/3, not this year. It followed the down turn of the credit crunch. 2010-12

[swanvesta] 25/2/2021 20:50

If this is true, how can gold price be falling?

[davr0s] 25/2/2021 19:24

Why do you think sellers are running out and the bottom is in? Personally I have no idea

[borisjohnsonshair] 25/2/2021 15:39

Sellers and buyers battling out. I'd imagine the sellers running out. This looks like bottom. I'm locked and loaded, ready to get back in.

[borisjohnsonshair] 25/2/2021 14:21

There's a lot of people who don't want these. Rotton but I don't know why. Something in the know

[tiger60] 25/2/2021 12:11

Personally believe there has been a fundamental shift in investing attitude with many trading/rotating based on daily/weekly news. More reactionary which can both harm and benefit illiquid stocks. Gold is not the current play but a few weeks down the road if the fed intervene to cap 10 year yields then it will switch again. The Fed need growth, the increasing bond yields are a barrier to this. The Fed will come into the market and buy long dated bonds. It is just a matter of when. Current yield on 10yr is 1.45. I reckon they will jump in if it reaches 1.5. At that point gold comes back in fashion in a big way

As I have said SRB have to do the heavy lifting with gold retreating. For all their talk they are failing to create shareholder value, which based on their potential is a huge bone of contention

[trader536] 25/2/2021 11:25

Will 80p support fail like Boris failed? Woof Woof!

[tightfist] 25/2/2021 11:25

Yes, a critical support level hereabouts - that 10:29 sale has rocked the boat. Do you foresee a capitulation (volume) day with an intraday reversal?

[borisjohnsonshair] 25/2/2021 11:19

Yep 79/80 - it's a big buy and could be start of rise to it a 130p. Technically could go lower but not fundamentally

[tiger60] 25/2/2021 11:15

Pivotal point here at 80/81. Mkt Cap £48m.

[borisjohnsonshair] 25/2/2021 10:40

It's easy to end up with a billion $

[tightfist] 25/2/2021 10:36

I'll settle for being a Chilean billionaire for just a day - then donating 99.9% to great causes.

[tightfist] 25/2/2021 08:24

Maybe our Timeframes are slightly different...... Fratelli is a private investment company managed by Megeve Investments which is the family office of the Chilean Solari Donaggio family which has significant business interests in Chile and other parts of South America. .They are significant shareholders, Chairman and MD of the Falabella retail group, the second largest retail chain in South America.... which has been trading for 132 years......