Serabi Gold Share Discussion Threads

[ppvn] 28/8/2019 09:19

Well just have to do what feels right for your own portfolio. If that involves selling serabi then good luck to you!

Not going to mock those holding AAZ though - if I'd have bought in there a year ago instead of here I'd have been laughing! Think today though that the roles may be reversed...

[littlepuppi7] 28/8/2019 09:14

Have to laugh at the ones selling to buy aaz.. that's not exactly worked out well ...

[ppvn] 28/8/2019 09:13

Honestly it's just because you can't get shares. I used to have to call up on a regular basis to even get a quote for 5k of them.

Wouldn't surprise me if we saw triple digits today if the sellers are both gone. Who'd sell at this market cap, seriously? It's not a ramp, anyone is more than welcome to sell - but I certainly won't be.

[littlepuppi7] 28/8/2019 09:09

I think we have an ii hoovering in the background. Almost full 85 for quantity. Mm's opening spread to try and calm things down. Not going to happen till this is 3 digits chaps.

[littlepuppi7] 28/8/2019 09:05

Agree and they both gave away gifts! Without them this would be well over 100p where it already should be.

[ppvn] 28/8/2019 09:01

The only sellers have been Garraway and Anker.

I guess there really are none left to go!

[littlepuppi7] 28/8/2019 08:45

Warming up mate.. gold holding firm... 7 year high in euros...

[borisjohnsonshair] 28/8/2019 08:44

More exciting. Takes very little to move this.

[littlepuppi7] 28/8/2019 07:28

Nope and prices holding near these highs which is excellent. The pea will be the cherry on the top. Serabi should plough on today...

[borisjohnsonshair] 28/8/2019 07:12

What a tease this is!! Two more days or we miss the one month delay deadline. Still - can't grumble as the prices is going through the roof!!!

[ppvn] 27/8/2019 21:54

Congrats Sherry, glad to see we are moving up on both sides of the pond.

Seems to be livening up here; about time!

[sherry35] 27/8/2019 21:37

SBI just posted a 52wk high on the TSX. All on breath taking YUGE volume. I mean YUGE to power of TRUMP. A whopping 20,700 shares. Part of uptick was BOT trader to $1.24. Anyways, it's a 52 wk high.

[kennyp52] 27/8/2019 21:31

We’ll its broke though the 70 .. is this on a gallop ?

[littlepuppi7] 27/8/2019 21:06

Not imo. Gold price bear session highs in the USA. This should smash through 80p on the open tomorrow. This is all coming together.

[qazwsxedc69] 27/8/2019 19:40

Strange think to say

[bomber13] 27/8/2019 19:32

I think today's move through the 72p placing price from 17 months ago , and ahead of the Coringa PEA is hugely significant .

As is public knowledge , Coringa's purchase was modelled on its September 2017 feasibility study which was based on a gold price of US$1250 , or a Brazilian gold price at that time of R3937 , and a discount rate of 5% . Based on production of 32/-oz pa , OPEX of US$585 per oz , and AISC of US$783 per oz , the PV came out at US$31m and the IRR at 31% .

Since then , the Real has devalued 31% from R3.15 to the dollar to R4.14 to the dollar , the resource has expanded 37% without much negative effect on grade , the Brazilian gold price is 60% up at R6311 , and we are told to expect at least 25% more production at 40/-oz pa . Even with the extra cost of dry stacking the tailings , it is hard to envisage today's operating metrics as anything other than excellent , and we will know soon enough .

With two large sellers accounting for nearly 10% of the equity taken care of , and 58% of the equity hard held by 2 long-term investors , the marginal buyer of Serabi will now have a disproportionate effect . If Peel Hunt , their broker , believe Serabi is worth 160p before the Coringa PEA , and the first drill holes on the Cinderella shear , then the share price , in getting back to where it was 17 months ago , still has some way to go .

[littlepuppi7] 27/8/2019 19:14

Gold price looking solid.. all this aaz rubbish.. why on earth you would sell srb to buy a stock that's already had a huge run and is no way undervalued... but each to their own..

[cinoib] 27/8/2019 19:06

Well I got too nervous so took 1/3 of the table at the top price for the day, very unusual for me as I always miss the top, just hope what I have left will reach the magic 3 digits soon. Yes I bought AAZ with the profit.

[ppvn] 27/8/2019 17:55

Don't worry Tightfist, we are all being pessimistic really. The whole Cindarella shear is solid gold (apart from a smattering of pink diamonds the size of your fist) so that should see us through...

[tightfist] 27/8/2019 17:52

Hi LP,I am being a little cautious as an antidote to the enthusiasts who seem to be combining "best-case of everything" scenarios. .Personally my CURRENT judgement is that I would like to see Coringa development if necessary slowed a little so it can chiefly be organically funded with solely a modicum of increased debt. But the PEA will make a sense-check of that - and it also needs a flexible funding plan that covers all PoG scenarios over the next two years..The likelihood is that my earlier worst-case scenarios wont be required - keep in reserve!.Cheers, tightfist

[tightfist] 27/8/2019 17:44

I think that may have come from me.... IIRC Anfield estimated $28m and SRB later paid Anfield about $5m within the acquisition.

[borisjohnsonshair] 27/8/2019 16:43

Good arbitrage opportunity in Canada.

[loganair] 27/8/2019 16:38

$1,560 in the next resistance level to close above, then blue sky to $1,617.

[littlepuppi7] 27/8/2019 16:34

If and it's a big if.. gold can close over 1550 bring on the fireworks tomorrow. The city will be knocking the srb door down to get in on this Coringa action imo.