Serabi Gold Share Discussion Threads

[fz13] 19/11/2014 14:50

been burnt on 'recoveries' before - will wait on volume to confirm!

[spiker4] 19/11/2014 13:47

GDX is recovering.

[bigfrocks] 14/11/2014 16:05

Anyone care to shed any light on todays rns? Very quiet here! Picked up some yesterday at 4.17, surely a good entry point?

[fz13] 14/11/2014 10:03

No trades so far....Averaging around 5.5, watching this carefully!

[rajaster] 14/11/2014 09:23

anyone attending the conference call?

[bigfrocks] 14/11/2014 08:31

Any thoughts on rns?

[sleveen] 14/11/2014 08:04

2 issues,

Gold price falling

only cash costs info supplied no info on the all in sustaining costs, which is a worry.

[rame4] 14/11/2014 07:51

Profit, profit, profit.

[tightfist] 13/11/2014 23:20

Well done Bigfrocks! After 6 days stuck at the same level maybe you will be able to take the credit for reversing the trend.

[loverat] 13/11/2014 18:15

Sorry - just referring to Rame4 (aka Stigologist)

[bigfrocks] 13/11/2014 18:14

They were my buys and the 48,000 was a buy!

[tightfist] 13/11/2014 17:23

Rame4,

I guess you are looking for a (positive) quarterly update three months after the last one! Here's hoping too!

I would like to think today's tick-up signifies the nadir for this stock. It seems a strange place in the development of the business to print the all-time low?

[ianpuddifoot] 13/11/2014 16:49

constructive AS USUAL

[loverat] 10/11/2014 18:40

This looks like its going to fall more. imo

[rame4] 10/11/2014 11:27

Third Quarter Management Discussion and Analysis due on Thursday.

[tightfist] 06/11/2014 14:37

Spiker,

Suggest you take a look at posts 827 & 828. I think it's DIY for Pallito cashflow, at present.

Then there is the cash cost of developing Sao Chico, the plan/cost of which doesn't seem to be known. Management are clearly keen to press ahead with a tight time schedule, enabled by the interim loan funding and early doors incremental production.

[spiker4] 06/11/2014 10:15

Does anyone know how to get an estimate of cash flow per share for this stock? Thanks

[rajaster] 31/10/2014 11:12

tightfist good questions, i've spoke to some of the management before and their indications were that they can mine near surface itially and that's why they acquired sao chico. they are drilling at further depths for the veins they have identified that are not near surface which is understandable, the extra ball mill capacity is simply to handle higher rates of ore for production which is positive really.

[tightfist] 30/10/2014 08:21

Regarding Sao Chico, I am a little confused on its real status? On the one hand we are eager to drill (and will now undertake from surface) presumably to finalise the financial business/investment case - on the other hand we are taking a significant loan, progressing "development", creating two levels and have already installed the extra ball-mill capacity....

Is it really so promising that SRB "carry-on regardless"?

[fz13] 30/10/2014 07:12

Main risk here as I see it is gold sentiment - GDX is currently hitting lows not seen since 2008.

[rajaster] 28/10/2014 11:20

yes tight fist, the grades of various veins were close to surface meaning they can be mined quickly and blended with the gold from palito thus ensuring the quality does degrade and keeping costs lower.

[tightfist] 27/10/2014 20:36

Rajaster,

Also, do I recall correctly that some of the initial drill grades at Sao Chico were pretty stunning?