Serabi Gold Share Discussion Threads

[borisjohnsonshair] 20/8/2019 09:50

So what. They are making US$1.25-1.5M a month. If they are wise they can snow ball the business.

[loganair] 20/8/2019 09:45

It seems to me one of the main reasons why the SRB share price isn't much higher is because they consistently over promise on their production and the lowering of their AISC.

[cinoib] 20/8/2019 09:36

There she goes.

[borisjohnsonshair] 20/8/2019 09:23

You were right then and now. Right two years ago. Value catches up. Don't worry it takes patients. The double bonus about value investing is you buy under value and it becomes fair value eventually, however after that most surpass fair value and become over valued. If this doesn't have set backs it will be 200p - 9-18 months.

[cinoib] 20/8/2019 09:17

Paying near full ask now, looks like a tick up soon. Gold back over 1500.

[ppvn] 20/8/2019 09:12

Sweet hindsight...

[littlepuppi7] 20/8/2019 09:05

And we thought it was cheap a year ago!

[ppvn] 20/8/2019 08:23

Appreciate it isn't necessarily easy but try not to let it bother you - it's a bit usual here sometimes!

Look at the graph of any gold miner on a 1yr basis - serabi hasn't risen at all. The upside at Coringa isn't factored in, the exploration success, the promise of the ore sorter, etc etc.

Think that enthusiasm on the board and the rapid rise may be leading to this temporary hiatus in upside but doubt itll continue for too long.

[littlepuppi7] 20/8/2019 08:18

Yep gold going nicely... tick tick on the pea.. also a lot of step out drilling activity to report on..

[cinoib] 20/8/2019 08:12

Well we were fast enough following gold down yesterday, wonder how long before we start following back up as it is up $3 last time I looked.

[74tom] 19/8/2019 22:01

Dollar - BRL exchange rate up to 4.07, so even though $US gold spot has fallen, it’s still at record highs in BRL’s... sitting at BRL6095 right now, truly spectacular!

[tightfist] 19/8/2019 18:40

Thanks for that,

[cinoib] 19/8/2019 18:10

Tightfist, just remember if your pal dealt with Wins (plus market) they always report trades backwards. Gold now back above the crutial $1500.

[tightfist] 19/8/2019 17:12

Judging that is my goal......

[tightfist] 19/8/2019 17:11

Yes, an interesting comparable but there are some differences. There are a lot of other project milestones; it was interesting to read through the 2013/2014 quarterly reports in retrospect. SRB must now more fully appreciate the Brasilian way of doing things and they have a native COO and established local partners/synergies. On the other hand I believe they will be starting the mine from the surface portal (like SC) not already underground, the dry stacking tailings facility is new and national environmental compliance is bound to more stringent..But a guide nevertheless, tightfist

[borisjohnsonshair] 19/8/2019 15:35

If that's that case maybe they can substantially cover the costs to production

[littlepuppi7] 19/8/2019 15:16

Opened my gold long again at just the right time :) the only way the markets rise from here is by the central banks printing money and they will do.. that has not happened yet so these are just dead cat bounces. The next big rally will see the market and gold rose together. Then comes the big crash and that's when gold really soars. Watch srb recover now lol.

[ppvn] 19/8/2019 15:13

Hey Tightfist,

Thanks for that - completely forgot to look myself!

That's an interesting comparable, and with luck having subsequently completed Sao Chico, bringing a 3rd mine to production could be done even quicker...

Where is this explosives permit too!?

[littlepuppi7] 19/8/2019 15:06

Remember as well Coringa is basically a copycat play.. no lessons to learn, just rinse repeat... I think gold is about to rebound... djia to plunge I think....

[tightfist] 19/8/2019 14:25

Hi PPVN, see adjacent post. Cheers, tightfist

[tightfist] 19/8/2019 14:24

My friend's Buy this mid-morning was reported on ADVFN as a Sell - as is often the case. Trying to assess trades balance is fraught - still seems to me that our seller is possibly not yet finished? And no RNS yet as was speculated. Anyway, it's all noise, I am here for the long haul..Re: posts #3169 & 3201, for reference, it took 25 months at Palito from PEA issue (6/12) to declaration of Commercial Production (7/14) by which time $5.5m revenue had been generated..There are some obvious project differences but nevertheless a helpful guideline - pending the Coringa PEA!.Cheers, tightfist

[loganair] 19/8/2019 14:11

At the moment, it is short term risk on which is not good for gold today.

[jeanesy] 19/8/2019 14:10

All the goldies are down today. I think there is some profit taking after the move up from 50p .

[borisjohnsonshair] 19/8/2019 14:05

Gold down 1%, but up over 15% on H1 average. That shouldn't trigger 6% drop. This is something weirder - forced seller and / or no stock and / or something else.

[borisjohnsonshair] 19/8/2019 13:56

It's very close. Max 25% deferred or loan. The cost to production thereafter are much more so some money needed from else where.