Serabi Gold Share Discussion Threads

[ppvn] 26/6/2019 11:02

GM tightfist,

Yes, agree entirely with that. Under promising and over delivering has seemed to be the case, the only exception I can think of was q3 last year when some of the grades were a little low due to the additional vein openings they had conducted (and it was also unfortunate the POG had dipped back then).

Short of that i dont really have any issues at all and agree that they work hard to resolve their issues and improve the company continually. Their success since the raise at 72p last year has been considerable which is why I had no issues buying rather a lot of these shares and just happy to sit as their strategy comes to fruition - if the POG really is starting a new bull cycle as it certainly looks like it is, 2020 and 2021 going forwards could really be very pleasing. As well as the rest of this year too!

[tightfist] 26/6/2019 09:58

Hi PPVN, SRB have a good history of steadfast performance and getting on with methodically delivering and increasing their scope. Occasionally there has been the odd wobble but IMO nothing not corrected the next quarter.PH seem to have about 69kOz pencilled for end 2020? When do they expect a quarterly run-rate of 100k - hopefully it will better than aspirational when the PEA arrives!Cheers, tightfist

[gregpeck7] 26/6/2019 09:24

Pog weaker today, always going to be a pull back, fed comments last night trying to assure the market that things are not that bad has been bad for pog. It's just a matter of time though till the printers fire up.

[gregpeck7] 26/6/2019 07:40

No problems mick it's good to get new investors here. Tbh that has been the only thing missing. Serabi is finally getting attention and people are liking what they see.. it's been a mystery to many as to why this has not moved higher a long time ago as they have been stacking up the progress for a while and we are now in a position where we are only 18 months from producing around 100,000 ounces , everything still going well, great exploration results, but no one was looking. They are now! Still only 40m market cap. I genuinely think we will see 200p plus a share within 12 months.

[ppvn] 25/6/2019 23:45

Hi Sherry,

Apologies, forgot to come back on your post from last night. The palito equipment move to sao chico was covered in the management videos, as well as the mini scoops etc that they are now using at Palito. I'm afraid I can't remember from memory which video its covered in but they are fairly brief and interesting anyway so could be worth a watch. They can be found on the Serabi website I think, otherwise let me know and I'll dig out the links.

[mick1909] 25/6/2019 21:17

Thanks for the informative replies learning more about this share only came aboard at 50p couple of weeks back after Greg came on the frr board so thanks Greg getting down to 850 would make an extra 6 million going forward and 1400$ I think is conservative going forward too

[ppvn] 25/6/2019 21:00

Hi Mick,

I also believe AAZ are a decent company, just to mention that the 85k number is based on GEOs rather than actual gold ounces (they report their copper sale as giving the equivalent of around 20k oz gold - with the price change of the yellow stuff recently that'll come off a bit).

The ore sorter here should get their cash costs under control and then the upside for Coringa (discounting final payment / commissioning costs) I personally think Serabi makes the better choice! But that's jam tomorrow because Serabi do have to have some bits go their way to get there (Coringa license for example).

[gregpeck7] 25/6/2019 20:53

Mick, costs here are looking to fall to 850 an ounce with the sorter.. So significantly less than you are suggesting.

Also the exploration results on their own license areas have been excellent, 37% uplift in gold at Coringa, Cinderella Shear could be huge etc etc..

SRB also got a right caning, the stock is so tightly held and I am pretty sure our backers wont be letting it go till the price is 3 digits and starts with a 2...

SRB is where its at.

[mick1909] 25/6/2019 20:45

AAZ mCap 143 million forecast 85,000 oz 57 million liabilities 540$ all in cost looking at 68million profit SRB MCap 43 million 42,000 oz 27 million liabilities 1000$ all in costs looking at 17 million profit but aiming to produce 100,000 oz per year which is a key factor when estimating an share price On the face of it aaz looks a better share but srb has bigger increases recently All based on 1400$/oz

[ppvn] 25/6/2019 20:04

Not technically sure that AAZ have lower debt than Serabi to be honest! And certainly not liabilities!

However agree with the div and open pit vs. vein mining points, though the latter discounts the exploration potential that Serabi have located (though know AAZ also have further targets to refine!).

[meanreverter] 25/6/2019 17:14

78steve: The market values AAZ higher because it is more profitable, it has lower costs and lower debt, and in particular it pays a dividend. Nevertheless, I prefer SRB at the present price because I think it likely that it has plenty of gold in the ground, which will eventually be mined profitably, and so it will be able to settle the debt and pay a sustainable dividend.

[78steve] 25/6/2019 16:23

meanman. Why not ? Are you a bear or bull here ?

[meanreverter] 25/6/2019 16:21

78steve: Why do you compare a low-cost (i.e. high-margin) opencast miner with a high-cost narrow-vein underground miner? The profitability is based on the margin, not on sales.

[78steve] 25/6/2019 16:01

AAZ is producing circa 80k ounces and market cap around £140m. If SRB get to 40k ounces they should have market cap of 70m which is around 70% uplift from here. dyor

[gregpeck7] 25/6/2019 15:22

For the benefit of people here. 1 mm is selling at 71, then its 74 to the next one... Quite a gap up.. They have started going blue....

Gold almost +16 USD now...

[gregpeck7] 25/6/2019 14:52

Gold price getting back up towards to days high. Be great to close above 1425... (1432 at the moment)

Still convinced we will see 1500 soon.

[gregpeck7] 25/6/2019 13:01

Does that both ways mate... A lot of the holders (ii's) raised at 3 figure SP's though so a great deal of the stock here is firmly under lock and key... I suspect they have a buyout figure in mind...

I personally think someone will just swoop and take this out for 200 - 300p...

GP

[mick1909] 25/6/2019 12:27

The only thing with this share is sometimes it goes to NT trade if you put a dummy sell in so liquidity is low due to the amount of shares in circulation which I'm not to fussed about as I see this as a long term investment and not a day trader

[gregpeck7] 25/6/2019 12:20

Exactly. And in 18 months they are targeting 100,000.. what's that worth? And how much untapped potential in the ground?

[mick1909] 25/6/2019 11:09

If we produce 40,000 oz at 1000 dollars per ounce and have an average sale price 1500$ an ounce that's 20 million profit so the mcap should be north of 200mil $ which is £156 so I make that £2.40 a share 300% gain from here

[poieo] 25/6/2019 10:26

Thanks everyone for the insightful posts. I've been holding for about 18months and things are starting to look quite exciting!

[gregpeck7] 25/6/2019 09:50

MOD resources taken out today BTW... AUS offer accepted... Will we start seeing gold miners fall to cheap offers now?

[gregpeck7] 25/6/2019 09:46

Added 10,000 more this AM btw...

Gold price alone this is a stupid valuation.

[tightfist] 25/6/2019 09:42

Hi All,Yes, I too had wondered if the one month delay on the PEA was really awaiting increased Coringa resource news - and improved IRR.I guess the PEA may reveal the equipment aspect too, although the vein widths/structure seem to take a while underground to properly understand? I suppose in the early days they will be able to use any displaced larger equipment - and defer capex - all IMHO.Only five weeks to go! Maybe we will see an updated Coringa resource RNS beforehand? tightfist

[loganair] 25/6/2019 08:59

The longer and clearer the base then the rally which eventually follows that base will be considerable and gold formed a clearly defined multi-year base.