Serabi Gold Share Discussion Threads

[typo56] 25/6/2021 09:46

If they can't issue audited accounts by 30 June, doesn't that imply shares get suspended on Thursday next week?

[borisjohnsonshair] 25/6/2021 09:41

85,000 ounces x US$600 FCF. Assuming US$1,800 and AISC of no greater than US$1,200. Should be MUCH lower - with Coringa in production it's estimated to be less than US$1,000.

[cotton4] 25/6/2021 09:40

The right hands may come along, especially if open pit potential is confirmed.

[borisjohnsonshair] 25/6/2021 09:04

By mid 2023 we'll be at FCF of US$50M!!

[golden prospect] 25/6/2021 09:01

Rising grades, rising production, rising gold price

Prospects look golden.

[borisjohnsonshair] 25/6/2021 08:59

This stupidity will stop soon. Gunna jump soon. It'll be up after I walk the dog.

[borisjohnsonshair] 25/6/2021 08:53

It's a shame you can't read. There's a test & rotate system on the mine. Dear dear - no such thing in Ghana with your bankrupt GRL

[trader536] 25/6/2021 08:38

"The number of deaths related to Covid-19 has passed 500,000 in Brazil, the second-highest in the world, as experts say the outbreak could worsen amid slow vaccination and the start of winter."

[imastu pidgitaswell] 25/6/2021 08:34

I actually don't know - it depends on their accounting policy. They would be justified in doing so, and certainly some of their competitors do - but for me it doesn't really matter.

You can't play around with the accounting for cash - and that is what I look at.

[tightfist] 25/6/2021 08:28

Hi IP, I understand your frustration when you choose not to be blinded by Confirmation Bias.......Am I right in believing that, prior to declaration of Commercial Production sometime in 2023, all the Coringa start-up costs will be logged on the Balance Sheet and not impact the P&L?.Comments please, tightfist

[imastu pidgitaswell] 25/6/2021 07:50

Don't disagree - loving the negative thumbs I get for merely pointing out something factual. If those kind people care to look back a week or more, they will see my interactions with a particular misinformer and my view of this generally.

Objectivity works both ways...

[golden prospect] 25/6/2021 07:40

IP, grades and production coming up. 2022 should be bumper with ore sorter going.

[imastu pidgitaswell] 25/6/2021 07:38

Bear in mind that projects incur expenditure (all those 45 recently recruited mining personnel) ahead of income.

Not a problem, it's the nature of the business - but don't expect blow-out bottom lines until a steady (or steadier) state is achieved - probably 2023.

[bad gateway] 25/6/2021 07:34

Agree sounds a really good update again imo. $16.4m in cash and debts paid, 9k oz's produced this Q and 45k targeted for next year.
Whats not to like?

[golden prospect] 25/6/2021 07:31

Yes, the "possibility of a future open pit opportunity may exist."


Great news.

[borisjohnsonshair] 25/6/2021 07:23

OPEN PIT. US$1B here we go.

[golden prospect] 25/6/2021 07:15

Well done Serabi for Q2 improvement, Y/E target on course

[tiger60] 25/6/2021 07:15

9,000 for Qtr 2 good news and possibility of open pit a game changer

[tiger60] 24/6/2021 19:38

AGM tomorrow

[plat hunter] 24/6/2021 09:59

It was just for fun trader... jeeze

[borisjohnsonshair] 24/6/2021 09:35

You'd get that for Coringa. 200p for Palita and 150p for the rest. 450p

[trader536] 24/6/2021 09:32

Kenny the clown - what formula did you use to calculate that price, and why the 33% variation in your two "guesstimates"?