Serabi Gold Share Discussion Threads

[tightfist] 21/7/2017 11:11

Rajaster,Nice to finally see some buying action this morning at SRB. I am getting impatient for the Q2 report.O/T: Your's is impeccable timing on MML! How I wish I had cashed-up and forgotten MML 5 years ago, only to reawake in 2017!It has been one hell of a management and country-political 5-year journey, and the share price (ASX traded) is now beaten-down to a massive Risk/Reward proposition. The potential cash flow is eye-popping.For the last year, three funds have been mopping-up the minimal volume of loose shares from the Aussie traders to play a waiting game. They will now have clout with the BoD, something that is sorely needed IMO. There is still an active ADVFN BB.Cheers, tightfist

[rajaster] 20/7/2017 10:01

Thanks Tightfist.. I used to hold MML 5 years ago.. i'd forgotten about it now.. just wish i held on to CEY when i bought it on the drop at 90p or bought more when it hit 30p.. gold miners might have their day but gold will need to break out of its side trend first.

[tightfist] 19/7/2017 20:09

Shanta has some very specific in-country issues with Tanzanian government behaviour; I wouldn't draw any parallels with SRB and Brasil. Don't know about AAZ.I am not sure about junior miners getting hammered; it depends how junior is "Junior". I follow the GDXJ and it is up about 15% from the December low, same as its bigger sister GDX. But those juniors are still pretty large ($1b +) and getting larger - there is a very interesting and RECOMMENDEND article by Sprott on SeekingAlpha dated 9th July which talks through the market distortions that are going on, and the "front running".I still am thinking that Gold investors have been selling-down their Gold microcaps to put their money into those "front running" trades.However, Rick Rule suggests that in the next 18 months M&A activity will accelerate with the larger players using their highly-valued paper, driven by ETF buyers.Don't underestimate the impact of liquid ETF trading on illiquid underlying shares. This is one reason Medusa Mining got trashed to the situation it's in today - long investors at MML and SRB, etc will IMHO have their day, but who knows when?!Cheers, tightfist

[rajaster] 19/7/2017 10:54

It seems gold junior miners are being hammered, just look at other similar companies such as shanta and aaz(which is trading flat at the moment).

I am a little worried as i've had multiple chances to sell above my buy price and havent done so.. only to see the share price decimate again.. i really cant be bothered trading in out as i bought this as a long term hedge on gold and expected a better return by now considering the nature of the company the REAL.

I have spoken to mike in the past and they have been looking for further assets as far back as 3 years ago when they took sao chico.. its just a matter of whether it will be mutually beneficial or not.

[tightfist] 19/7/2017 10:15

PS: I meant a valuation anomaly across multiple Brasilian mines; at whatever stage of exploration, development, production, etc.

[tightfist] 19/7/2017 10:12

Hi Rajaster,Yes, I noted the large trade of (from memory) 919k @ 4.04p. It was a delayed report of a trade. Not sure of the reporting rules but logically it was a sale on Thursday late afternoon that enabled the healthy sequence of 4.25p Buys on Friday morning, which included mine.What does the seller know?!? Certainly interesting that they sell just before the Q2 numbers and pending (in my interpretation) corporate developments. Personally I am not unduly concerned because there is lots of scope for progressive organic expansion and (although I have never met him) Mike Hodgson comes over as straight-forward, prudent and savvy.If Fratelli and related parties want out they would surely look for a trade sale at a useful premium. I noted recently that there is a fund specialising in acquiring Brasilian Gold mines, so someone thinks there is a valuation anomaly?Cheers, tightfist

[rajaster] 18/7/2017 16:38

yeh good points tightfist.. ps they faciliated a large sell yesterday which showed late selling 900k shares.. i wonder if fratelli are selling.. who else hold that much stock?.. may be others are right about an impending placing?

[tightfist] 14/7/2017 12:54

One of those "scoopers" is me. Q2 update should be next week. There still seems to be a lot to like here; the low grade surface stockpile processing should be superceded by higher grade RoM ore soon? The Real has softened a little too.I wonder if a few holders are rotating out of micro-miners into the larger miners who seem to be outperforming? We are at/around a critical support level for miners, well demonstrated on the GDX chart.Cheers, tightfist

[rajaster] 14/7/2017 12:39

Newsleak?.. really baffled by this move to 4p again.. 4 250k buys today morning.. and another 100k shares.. so there is some one scooping them right now.. but its been a while since there was an update.

[tightfist] 13/7/2017 16:28

Or is just a few PI Stops being taken out? The Q2 update should be issued next week, maybe we will soon also hear about pace and funding of expansion plans - organic, renewed debt or equity, that is the question......

[kinloch] 13/7/2017 14:29

About time we were getting an update something is going on .

[rajaster] 12/7/2017 10:31

a load of sales too.. including one at 4.3p.. not sure whats going on.

[kinloch] 07/7/2017 13:53

A number of 50000 buys made this week does somebody know of news coming.

[tightfist] 05/7/2017 21:29

Hi Kinloch,

Last year's Q2 report was on 18th July, do you expect to see it a little earlier this year? The possibility of a share issue to accelerate expansion has been out there for a while; if so, I do hope it's to fund organic growth on/around existing, known properties rather than an acquisition with all the risks that could bring.

Cheers, tightfist

[kinloch] 05/7/2017 19:20

Up-date due next week hope its good.

[kinloch] 03/7/2017 20:52

A share issue could be coming to finance expansion all will be revealed soon.

[rajaster] 16/6/2017 09:26

did anyone attend the meeting.. ps i cant see any headers here any more.. might need a new thread here.

[rajaster] 13/6/2017 08:38

another agm has come around.. feels as if the share price has done the same thing for the last 4 years.. seriously dissappointed.. if any of you go can you mention that.

[kinloch] 12/6/2017 21:28

Agm on Thursday pm perhaps a bit more clarity on future plans will unfold.We need something to move the share price and create some interest.

[hraj] 18/5/2017 10:07

hi tightfist, i felt the same.. really underwhelming which is why they have dropped the price on the leak, i'm more annoyed by the fact they leaked the figures before the market as insiders were quickly out.

the article was interesting.. but doesn't mention the climate for small businesses operating in the country.

[tightfist] 18/5/2017 08:15

At first glance the numbers are unattractive; I need to spend some time going through them, sorting the wheat from the chaff.Meanwhile, Stratex STI has announced this morning HoA to reverse-in an ASX listed miner, Crusader, whose operations are predominantly Gold in Brasil. This 2015? extensive overview of Mining in Brasil has been posted:https://assets.kpmg.com/content/dam/kpmg/pdf/2016/01/brazil-mining-country-guide.pdfCheers, tightfist

[hraj] 15/5/2017 09:17

looks like news was leaked last week. hence the fall in share price . absolute shambles.. and again i bet the fsa wont investigate why insiders sent this down.. beyond that AISC gone above $1000 because of the real.. not good.

[sleveen] 15/5/2017 07:23

Revenue up 15% but costs up 50% not good, particularly when Au was up $40/oz.

Made a loss in Q1 not good, I doubt many were expecting that :-(

[tightfist] 10/5/2017 12:00

Hi hraj, kinloch,

Yes, its frustrating. I suppose one can look (for comfort?)at the general malaise across the Junior Goldies, GDXJ Index/ETF is down 21% in the last four weeks..... whilst SRB is down 19% since the high three weeks ago. An optimistic chartist would say we bounced off support yesterday (with a bit of volume) and/or that we are sat on the bottom of a nascent channel.

Personally I think we need more concrete news of how the expansion plan is going to unfold. How far to they need to get with the drilling (BMO presentation, slide 7) before the Phase 1 expansion to 60kOz is in place and can it be funded 100% organically? Are the costs on slide 7 purely for the drilling?. That is why I would like to get to the AGM next month.

There are lots of other opportunities away from this industry, but does one capitulate right now? I am sitting tight. Incidentally, did you notice that IC had Serabi as a deep-value pick 12 days ago?

Cheers, tightfist