Serabi Gold Share Discussion Threads

[74tom] 12/8/2019 16:24

Weirdly, you can currently buy and sell for the same price right now...

[cinoib] 12/8/2019 16:00

Some serious price action today, couldn't resist top slicing at 70p then re-invested back into another goldy, now have 80% portfolio in gold stocks as apart from the odd one like Eco which struck oil today so sold that and put that in gold as well, can't see anything else worth investing in just now.

[littlepuppi7] 12/8/2019 14:57

Ps price coming down a touch but gold is solid as a rock. Should be back in the seventies soon.

[littlepuppi7] 12/8/2019 14:56

I assume they mean geared towards the gold price? If someone could paste the article. Great to see more coverage...

[borisjohnsonshair] 12/8/2019 14:51

It's a good article.

[tightfist] 12/8/2019 14:51

Agreed. .FYI, at the AGM there was equal, if not more, emphasis on the other SC anomalies rather than just Cinderella. It was noted that there are sustained garimpo alluvial activities ~2km downstream of some of these anomalies, which prompted the chairman to recall "the best place to look for a gold mine is next door to an old gold mine"..Cheers, tightfist

[ppvn] 12/8/2019 14:38

Just seen the title of that article. Amusingly with the move in BRL I don't actually think Serabi are that geared.

Whilst their AISC was $1,021 in Q1, Q2 should be around the same or just below (fewer ounces but lower costs due to FX) - and in Q3 assuming they manage north of 10k oz - costs should then be below $900/oz.

Plus Coringa PEA / anomaly & Cindarella drilling / ore sorter going live / scrubber being dialled in more / etc etc!

Not surprised by the move today and still think there is an awful lot more to come.

[goodbloke1] 12/8/2019 14:35

So what price do people reckon on good PEA

[borisjohnsonshair] 12/8/2019 14:33

Can you print text?

[homebrewruss] 12/8/2019 14:23

New article on SRB:

[borisjohnsonshair] 12/8/2019 14:18

Close above 74 and I see open seas to 120p

[hraj] 12/8/2019 14:00

Looks like a breakout finally gent..70 breached. Fully expect 90p now

[loganair] 12/8/2019 13:49

For the second time the Price of Gold has breached 6,000 BRLs per oz leaving it trading at an all time high in local currency.

[borisjohnsonshair] 12/8/2019 13:36

Who's knows. Some maybe. I'll review in mid 2020 or if news changes anything.

[mick1909] 12/8/2019 13:03

Is that your pension pot?

[littlepuppi7] 12/8/2019 12:41

1 mm at 72p wonder if those results are looking just a teeny weeny bit nice. Gold up another 10, that's 400,000 to us over a year...

[borisjohnsonshair] 12/8/2019 12:35

Yep - as I mentioned last week. It's why I've topped up to 800,000

[moizz] 12/8/2019 12:35

There's no online quote with my broker.

[loganair] 12/8/2019 12:29

Next year SRB could easily be making $1.5mln profit per month with a current market cap of around £40mln.

[littlepuppi7] 12/8/2019 12:13

Agree 100 percent Logan. Hopefully the board will strongly highlight the positive momentum we will build in h2 very strongly. We need the share price higher for lots of reasons and preventing a cheap takeover could be the biggest threat to us.

[loganair] 12/8/2019 12:07

If things do not change, which I do not think they will I can see gold closing the year at $1,600 or above. As gold miners costs are fixed, much of this extra income will go straight down to the bottom line as profit.

As much as an extra $15mln in revenue for SRB, most of which will be bottom line profit.

[littlepuppi7] 12/8/2019 12:03

When the system gets this cash flush I just hope some of it goes on infrastructure projects that normal people can benefit from, not just the banks!One mm left at 69. We are in unprecedented times. Let the world currency ugly contest proceed!

[loganair] 12/8/2019 12:02

I'm talking about the many 10,000s of zombie companies that are only alive to day because of cheap interest rates.

These companies need to go under to allow resources to go into companies that will grow and flourish going forward.

In the past 10 years, nearly 70% of S&P 500 EPS growth has come solely from share buy backs which means these companies haven't really grown or prospered.

[littlepuppi7] 12/8/2019 11:58

Logan they won't be raising rates. This cycle will be all about negative interest rates. Systems have now been put in so that banks can actually handle them. So get ready for negative rates and mass money printing. They won't let the zombie banks go under they will recapitalise them with fresh paper.. the only place anyone will see rates rising will be in their dreams.