Serabi Gold Share Discussion Threads

[trader465] 29/7/2021 14:17

"the bigger opportunist Buys (such as 15.5k)"

Less than £10k, or 0.02% of cap, hardly significant


The ore sorter was claimed to be "transformational" when it landed in 2019, it wasn't.

[tiger60] 29/7/2021 14:12

I would be happier with one simple message..the ore sorter is back in play.

[tightfist] 29/7/2021 13:51

My thoughts are of nothing more than rotation of capital..... Unless there is a left-field development we could believe there will no substantive SRB news until 13th August - or thereabouts. So the less patient have been reallocating their bets elsewhere? And may continue to do so...... But then we have the bigger opportunist Buys (such as 15.5k) to keep the wheels half-on.

[trader465] 29/7/2021 12:45

The directors are lazy benefit scroungers, they've been riding the SRB gravy train since 2007 (fourteen years), they've lined their pockets with millions and produced no value for shareholders, they need to go.

[glasswala] 29/7/2021 12:39

This is one of the worst performing gold share if not the worst. I mean a drop of 40p for a accounting black hole of 100K. Tesco had millions that went missing in an accounting scandal a few years back but it did not drop 50% in value like SRB. There is something not right here....cannot put my finger on it!!!

[ppvn] 29/7/2021 09:29

Morning Tiger. It does look increasingly that way. But as long as shares that trade on 30x(+) multiples seem so popular the traditional miners will remain on the sidelines.

We need Serabi to begin delivering as you previously said. Accounts, strongly positive quarters generating good cashflow, actually financing via debt rather than the continual promising and then raising equity instead etc etc.

I've bought more here but my investment window now has a deadline - I don't believe it's too aggressive but if they can't start delivering in a few months I'll need to accept my fate and move on.

[tiger60] 29/7/2021 08:56

The price action on goldies has been brutal and even more hard to take as there is no correlation to the gold price. I am hoping this is bottom - it is looking that way

[trader465] 27/7/2021 21:54

Given all the paid time off CL has had, one would have thought he would have got his teeth fixed by now

[trader465] 27/7/2021 17:56

Boris my dear friend - your pie in the sky targets of 600p reflect your intelligence, investors in 2007 were just as gullible as you. The only people making millions from SRB are MH and CL.

[borisjohnsonshair] 27/7/2021 17:30

The time you lost all your money and your wife left you. I bet she's well happy and moved on since then. Poor you.

[trader465] 27/7/2021 16:31

MH and CL are still whistling the same tune 14 years later 😆😂🤣

Pied piper trick going on here???

[trader465] 27/7/2021 16:30

Look at these ADVFN posts from 13 years ago. Sound familiar? Compare the market cap and the statements by investors, the stagnant market cap and the increases in directors drawings .......


Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB
The second quarter results have been released. It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces).

In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land).
SP should be higher, imho, but overlooked by the market.

Ed 123 - 07 Sep 2007 - 13:23:08 - 767 of 3749 Serabi Mining - Gold from Brazil Now - SRB
I added to my holding today. Seymour Pierce reiterated buy on 29 August 2007 - states it's on its way to becoming a mid-tier gold producer.
SRB should produce about 40,000 ounces this year and its costs should be about US$225 per ounce. Operating profit could be in the region of £8 million in 2007. Current market cap. is only about £41 million. It has a good resource, over 700,000 ounces at about 9g/t. It also has rights to explore a large area adjacent to its current production.
Institutions paid 43p per share in July 2007 in a placing to provide funds for increasing both production and exploration. The gold price appears to be on a strong run but SRB looks neglected at its current price.

polaris - 11 Apr 2007 - 16:04:47 - 589 of 3749 Serabi Mining - Gold from Brazil Now - SRB
We cant be more than 5-6 weeks away from the trading update for Q1..and maybe some more details on the exploration. That will give a good feel to how 2007 will go.
The extra ball mill commissioned at the back end of last year should lead to an increase in milling throughput by 25%. With the work towards automated mining i would expect the head grades to fall a little during H1 2007 but this will be more than matched by the increased throughput. Q1 should yield around 13k Oz Au equivalent with average price in the 620-640$ range and possibly higher as they have small %ages of copper and silver in the refined ore and they have also seen good price increases over the last 6-9 months. I would hope that total cash costs (including admin etc - ie not mining costs which i expect to be less than $250) can be kept around the $300 per Au Oz equiv for the year and so my estimate for cash generation through the year is $17-18m. That is more than enough to fund resource drilling, expand and update mining equipment and to buy new prospects.
Current share price gives a market cap around £50m. With the prospects for increased resources with the drilling program, this still looks pretty cheap.

regards,

Paul

Stockologist - 08 Oct 2013 - 11:20:01 - 260 of 6139 Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator - SRB
They could make the current Market Cap every year in cashflow soon i.e. prospect of getting almost your entire investment in this as an annual dividend !

[trader465] 27/7/2021 16:27

GRL up from 1.75p to 14p in 18 months is 700%, some dump going on there my good buddy??

GRL will be a 100koz producer long before SRB will with the stay at home freeloading parasites at the helm 😆😂🤣

[borisjohnsonshair] 27/7/2021 15:39

Pump & dump - yeah.

[trader465] 27/7/2021 13:56

Hey boris did you see GRL today 😎

[borisjohnsonshair] 27/7/2021 12:37

Welcome aboard.

[plat hunter] 27/7/2021 12:02

673 shares traded by lunch time lol

[tightfist] 26/7/2021 09:30

Hi Chip,I was thinking of the Long side of miners. As ever with Gold there are other greater forces at work...... How many days/months/years before we have our time in the sun again!

[chipperfrd] 26/7/2021 08:55

tightfist,

Not so much "withering macro interest in gold" when you have the Comex banks selling 200 tonnes of paper gold in week ending 20th July. They were then net short 887 tonnes which, of course, in concert with London, depresses global prices.

[tightfist] 26/7/2021 08:29

Hi tiger,.Yes, they would need the right partner to enhance credibility, with mutual contributions. I am still intrigued by AngloAmerican who seem to hold the tenement sandwiched between Sao Chico and Sao Domingos, (under which the Messias and Altacadao trends appear to pass) yet AA apparently exited Gold in Brasil by 2009. AA employed 3,400 people in 2018 in Brasil engaged in base metals mining (Copper, Iron Ore, Nickel, Niobium, Phosphates) and mines include Amapá, to the NW of Serabi..Simplistically AA/SRB feels like a good fit and need not tread on each others' toes - any views, anyone?.SRB has hardly been my finest hour too, but I can be patient. I am just struck by the 12 months of withering macro interest in gold!.Cheers, tightfist

[tiger60] 25/7/2021 14:46

Hi Tightfist,

You are right to point out any JV would be a long way from adding to the bottom line in relation to monetising the assets (years if it was indeed to happen). However, just the intention would bring much needed gravitas to SRB and indicate reputation gain, along with further diversification and therefore reduce operational and credit risk. All help in securing debt on good terms, along with igniting much needed institutional interest.

Unfortunately a lot of us are ‘emotionally’ invested here and I am not too proud to admit it has not been my finest hour. The chart haunts me. A bit of company Zulu principle...

[tightfist] 25/7/2021 12:12

Hi tiger,.There is a lot of meaning in those well-chosen words, particularly regarding RoM ore production and the Ore Sorter coming back on line - they seem rather quiet about this aspect? And I agree about seemingly conservative guidance if they are to be on-track to deliver 45k in 2023..I agree about the intrinsic value of MH, and am less sceptical about CL having met him a few times and seen how we have emerged to now be debt-free and out of the clutches of Greenstone and Sprott. I am more sceptical of the Brasilian resident COO - his role seems completely opaque and what may be his accountability for the accounting issues? I will be looking for clarity in that regard..In the latest June presentation the website says - Coringa: "Development planned for H2 2021 with 2-year ramp-up" so I will be content if the site becomes operational with ore stockpiling in Q1 2023 but still some months away from commercial production..(Incidentally, the presentation states that on PEA assumptions, adjusted for June economics [$1,850 PoG, 5.12 Rs/$], Coringa alone should deliver an NPV of $175m..... that says a lot)..Regarding a potential JV with a major, let's not get carried away too soon. I am thoughtful about comparisons with HUM's Dugbe earn-in agreement with ARX (announced in June 2020) that could lead to a JV in two-three years time. The HUM share price rocketed by 63% for two months but over the last year has reduced by 52%; if this is a valid comparator it's hardly inspiring? Over the same period SRB share price is down 46%..Onwards and hopefully upwards! tightfist