Serabi Gold Share Discussion Threads

[tightfist] 20/1/2015 17:45

Good progress reported today, I especially took note of the veins being encountered during the initial development drive at Sao Chico.

However, their 2015 forecast of 35,000 Oz doesn't seem very inspiring? Sustaining a run-rate of 31,000 Oz pa (from Q4), plus the Tailings and Stockpile treatments at Palito that should yield another 5,000 Oz - leaving nothing in for preliminary Sao Chico ore. Has anyone else done any calculations?

We don't yet know how much exceptional capex is going to be required to bring Sao Chico into production; it seems optimistic to think that the start-up capex is included in the "Sustaining" cost figure?

Rame4, can you please confirm the timing of the Sanlam info; is it new news? Thanks.

[rame4] 20/1/2015 16:27

Serabi Gold PLC (LON:SRB)‘s stock had its “buy” rating reiterated by equities researchers at Sanlam Securities in a research report issued on Tuesday. They currently have a GBX 8 ($0.12) price target on the stock. Sanlam Securities’ price objective would suggest a potential upside of 88.24% from the company’s current price.

Shares of Serabi Gold PLC (LON:SRB) opened at 4.70 on Tuesday. Serabi Gold PLC has a 52 week low of GBX 3.35 and a 52 week high of GBX 7.411. The stock has a 50-day moving average of GBX 3.74 and a 200-day moving average of GBX 4.94. The company’s market cap is £30.9 million.

Separately, analysts at Peel Hunt reiterated a “buy” rating and set a GBX 8 ($0.12) price target on shares of Serabi Gold PLC in a research note on Friday, November 14th.

Serabi Gold plc is a gold exploration holding company. The Company is a provider of support and management services to its operating subsidiary. Together with its subsidiaries it is involved in the development of gold and other metals mining projects in Brazil and the operation of the Palito Gold Mine in the Tapajos region of Brazil.

[kinloch] 20/1/2015 13:25

Lets see how things go on the tsx in the afternoon.

[kinloch] 20/1/2015 13:24

Lets see how things go on the tsx in the afternoon.

[rajaster] 20/1/2015 11:09

looks like nice buying volumes and the back of the rise for the last few days.

[rame4] 20/1/2015 09:49

nicely timed Fib

[fibmeister] 20/1/2015 09:12

things falling into place at the right time

[kinloch] 20/1/2015 09:03

Well done the Serabi team its been a long time coming but now looks to be coming good.

[fz13] 20/1/2015 07:55

Back of envelope Fwd PE looks to be around 3.5-4

[tightfist] 19/1/2015 21:50

I see what you mean!! Toronto is up 41%, closing at 4.7p!

[kinloch] 19/1/2015 21:21

Expect a good day to-morrow T S X closed well up today.

[sleveen] 19/1/2015 09:17

sentiment is changing towards gold and gold stocks IMO.

[fibmeister] 19/1/2015 08:59

rising gold price
lower oil prices

SRB ramping up production at the right time imo

[bsg] 19/1/2015 08:33

Unusual, up two days running, seller gone ?

[tightfist] 15/1/2015 16:33

Spiker,

Not sure the chart looks like one that's ready to blow.... until we know the overhang is cleared.... and the funding (& permitting?) of Sao Chico is more advanced. At least PoG is currently heading in a helpful direction, although SRB is not tracking upwards like some other goldies.

[spiker4] 15/1/2015 15:16

Good move Fib - this ones really ready to blow.

[fibmeister] 15/1/2015 14:16

bought some here

[rame4] 07/1/2015 07:01

"Right at the end of the year Serabi Gold completed on the drawdown of the US$8 million debt finance facility that had been provided to it by Sprott. Sprott doesn’t lend lightly, as anybody who’s been in the mining finance business for more than a day or two will readily appreciate, even allowing for the fairly generous terms that Serabi was offering.

If Sprott is willing to risk its money on the Palito and Sao Chico projects, two things are immediately apparent. Firstly: the projects are not pie-in-the-sky, they’re real. And secondly, one of Canada’s leading mining finance operations thinks it will get the money it’s risking on Palito and Sao Chico back, and more besides."...

[tightfist] 06/1/2015 23:28

Here is a useful update, especially fleshing-out the deployment of the Sprott $8m loan. And confidence in increasing Sao Chico resources. Also talks about significant increase in production when Sao Chico ore starts processing after 5 months:

[spiker4] 05/1/2015 13:34

Must say I love the seller.

[rame4] 05/1/2015 11:12

Rather odd source for comment but thought I'd post it all the same...

Serabi Gold PLC (LON:SRB) ended the trading session without any gain or loss. The counter began trading at 3.625 and edged higher only till 3.5. 3.5 acted as the floor of the thin trading range which witnessed 67,858 shares exchanging hands. The last transaction took place at 3.5. The stock has a 52-week high of 7.4114 and a 52-week low of 3.5. Among the major technical levels are the 30-day simple moving average of 3.94 and the 60-day simple moving average of 4.21. These moving averages hold significance as a breakout above these is a highly bullish sign. The trading currency is in GBp.

hxxp://www.winstonview.com/about-us/

[sleveen] 31/12/2014 10:47

Sao Chico costs are consuming the cash generated by Palitto hence the requirement for further draw down.

[kinloch] 23/12/2014 15:57

Has the seller finished.

[ianpuddifoot] 18/12/2014 15:30

Curly I am the same as you I have no idea why, once it gets in the spotlight this should fly.