Serabi Gold Share Discussion Threads

[backinblack80] 13/10/2021 19:51

Today's webcast

[backinblack80] 13/10/2021 19:49

kennyp52, MH went to Brazil in August....

[ironstorm] 13/10/2021 19:38

Good financial results today. Coringa getting closer and being paid for out of cash flows. I am happier than I have been for a while.

I don’t bElieve we will get to 40k without Coringa - we never have despite all the promises.

But if pog picks up from here then we don’t need to. Coringa will do that. One day. Then we have the exploration.

I would be happy with a regular appreciation back to the 90p level. And either Coringa will take that higher in a couple of years or bumper finds. So for more than 90p that exploration could see us move towards 150p. Best chance in the next 12 months.

500p? Well thats certainly possible in 3-5 years.

[borisjohnsonshair] 13/10/2021 19:26

Are you over 13?

[borisjohnsonshair] 13/10/2021 19:25

I said it's not my real name. You are a bit thick it seems

[kennyp52] 13/10/2021 17:05

Can anyone confirm .. is the ore sorter even in operation ? They are painting 9K ounces as a huge positive improvements .. Hodgson must thing everyone is as daft as he is lazy ! Has he even been out to Brazil yet this year ? I can see right through these pair of plonkers .. keep extending the mine life and painting pretty pictures .. extending the salary life more like when the CFO should be sacked ! Fuk me !

[ppvn] 13/10/2021 14:33

Ah so results out today - makes sense now the share price walking up yesterday...

Anyway yes like others think it's a shame that the "magic" 10k oz number wasn't breached but not too bad figures in themselves. I took heart in the fact they generated net $800k after all costs (Inc. coringa development) accounted for. Hopefully they can continue in this manner.

Gold price firming and all this talk of inflation being non-transistory (as everyone apart from central bankers already know...) should give it another nudge higher in the coming months/years.

All in all not the best but not the worst update. Not really a shock to see they are struggling to get some parts - at least production is in line with their (very attainable) targets for the year.

Onwards!

[tightfist] 13/10/2021 12:40

Hi GP, yes, using 2020 comparison seems rather disingenuous to me - selling themselves short IMO, tightfist

[golden prospect] 13/10/2021 12:28

Hi tightfist, i agree with your observations especially the bit comparing to 2020.
We are clearly treated as fools! Regards.

[tightfist] 13/10/2021 12:04

Doesn't matter, IMO MM's are laying a false scent to attempt to buy stock on the cheap.

[borisjohnsonshair] 13/10/2021 11:44

I think you are doomed to be unsuccessful with investing because of your brain. Follow my lead or buy a tracker.

[borisjohnsonshair] 13/10/2021 11:42

Buys or sells?

[tightfist] 13/10/2021 11:39

Don't be fooled by the delayed trades from a previous day - cunning inserted to try and mislead....

[borisjohnsonshair] 13/10/2021 11:37

If you don't want to buy now, sell. Hold is ok but don't plan to buy more when it's higher.

[cotton4] 13/10/2021 11:22

Not a brilliant qtr but we have ~1k ozs carried forward to qtr4 and a solid cash position. A bit of steady as she goes with much to look forward to.

[borisjohnsonshair] 13/10/2021 11:17

Odd logic. Buy when worse value!!

[glasswala] 13/10/2021 11:11

So people are selling again today. Does not bode well for me to get to my break even position. I will just have to wait it out

[glasswala] 13/10/2021 11:05

I have some but under water with them. Until it reaches that price i do not intend to dip my toes. Have done averaging down for so many shares and this has not proved to be working for me so will hold fire until it reaches near break even before i commit again.

[borisjohnsonshair] 13/10/2021 10:53

Buy some shares then. You believe it's good value. Don't worry about the price.

[borisjohnsonshair] 13/10/2021 10:48

Agreed. Head winds exist but they are doing effing well.

[glasswala] 13/10/2021 10:48

They have had a better 3qtr and the shares barely goes up. If it was a bad qtr it would have tanked. The market is crooked

[golden prospect] 13/10/2021 10:36

Q3 results are solid but not convinced they are excellent as I expected 10K+

Production figures Q3 9,082 vs Q2 9,341

Care required given "consumable and replacement items remain on back order"; this is clearly having an impact and is quietly repeated in the update.