Serabi Gold Share Discussion Threads

[rame4] 29/7/2014 09:27

With Level2 being 6v1 all day yesterday, I was expecting the jump.

[w1sefool4] 27/7/2014 13:22

Hi Rame4,

what is your actual price target ?

I'm impressed with the management and I really like the SRB story

The Bolivian Billionaire connection has really got my attention ! why would they invest in a company of this size, if there wasn't serious money to be had.

Your thoughts ?

Good luck to all investors in SRB

[rame4] 27/7/2014 09:36

A Broker reiteration note that is not allowed to take account of Serabi's São Chico ('400,000 ounce') mine.

"Sanlam Securities Reiterates "Buy" Rating for Serabi Mining Plc (SRB)
July 26th, 2014.

Mining Plc (LON:SRB)'s stock had its "buy" rating reiterated by Sanlam Securities in a research note issued on Wednesday. They currently have a GBX 8 ($0.14) target price on the stock. Sanlam Securities' price target points to a potential upside of 33.33% from the stock's previous close."

[rame4] 24/7/2014 15:18

Bring on Sao Chico.

Any close above 6.25 with volume will attract attention with this high grade, financially supported, rapidly expanding gem.

"Our official gold resource at Sao Chico is 100,000 ounces, but we've seen significant improvements in this through non-disclosed drilling, Hodgson said."

Mike Hodgson's 400,000 ounce 'non-proclamation' would suggest he knows more than is officially being broadcast.

[rame4] 24/7/2014 15:05

Minimal stock available.

[fz13] 24/7/2014 11:04

@ $739/oz costs with gold around $1300 simple calcs at current MC indicate PE of 4.5 to 5 . Seems pretty cheap, even with Au @ $1200 PE in favorable compared to peers. Potential fwd PE being very attractive. Are there significant risks that need to be priced in here or is this genuinely undervalued?

[russman] 24/7/2014 03:29

In the business plan cost per gold ounce was estimated at $739. The grades seem to be marginally lower than expected.

[tightfist] 23/7/2014 19:01

ShareScope has a year-end eps forecast of 1.07p. As you say, on the face of it not expensive, but confirmation on cost-of-production is required very soon?

[russman] 23/7/2014 17:31

23 to 24k ounces gold production forecast in 2014. Last 2014 eps forecast I saw was 0.96p i.e PE 6. This does not appear to be dear given the potential.

[kirk2] 23/7/2014 09:41

looks very promising here, very little stock available, a major rerate is about to start here.

[fz13] 23/7/2014 08:50

Been sat on this one a while adding on dips, waiting for this news! big volume this week was a clue I guess

[rame4] 23/7/2014 08:26

Fratelli have ensured there is very little stock available. Could see a surprisingly high breakout here.

[curlly] 23/7/2014 07:16

All looks very good.

[rame4] 23/7/2014 07:06

Commercial production at very, very high grade.

[rajaster] 18/7/2014 14:02

20k buy of 500k shares the other day.

[rame4] 15/7/2014 10:17

We should be getting an operational update now that Q2 accounts have been closed, hopefully with the declaration of commercial production. I understand that this is an auditors call. The CIP plant should also be operational.

[rame4] 15/7/2014 10:16

thought i'd post here to save rats from commenting about me.

We should be getting an operational update now that Q2 accounts have been closed, hopefully with the declaration of commercial production. I understand that this is an auditors call. The CIP plant should also be operational.

[cotton4] 02/7/2014 08:13

Yes.But watching brief. Waiting for the half year results, see the effect of the new acquisition. Have you missed me?

[buywell2] 02/7/2014 07:10

Cotton4

r u out of CRX now ?

[rame4] 01/7/2014 21:31

hxxp://www.morningstar.co.uk/uk/news/AN_1404223386999030300/interview-serabi-gold-plans-sao-chico-mineral-resource-update-in-third-quarter-.aspx


"Our official gold resource at Sao Chico is 100,000 ounces, but we've seen significant improvements in this through non-disclosed drilling," Hodgson said.

"I want to put out a resource of around 400,000 ounces," he added. "We'll start in the third quarter and finish around October or November. To have a resource update by the first quarter next year."

[rame4] 01/7/2014 18:37

Wrong you muppet. Go stalk someone else. And post your childish obsessions on your own thread.

[loverat] 01/7/2014 17:37

LOL

Stockologist (Rame4) said exactly the same just before his other favourite stock (CCE) suffered a 50% placing. He is also underwater in this by 50% from when he bought SRB and set up this thread (user name Bonanza Grade).

Be very careful not to listen to him and his ramblings about charts. Some CCE investors lost alot of money last week by doing that.

[rame4] 01/7/2014 16:00

A golden cross develops when a shorter-term moving average crosses above a longer-term moving average. Because the shorter-term moving average reflects more recent price action relative to the longer-term moving average, this kind of development is typically interpreted by market technicians as a significantly bullish sign.

The classic golden cross develops when the 50-day moving average of a market crosses above the 200-day moving average of that market.

SRB has just completed the classic golden cross.

[curlly] 24/6/2014 13:27

Thats a good agm statement