Serabi Gold Share Discussion Threads

[ppvn] 31/10/2019 11:04

Think you've got a bad broker feed.

83 / 86 and hasn't done much for a long time! Ask boris!!

[morethanme] 31/10/2019 11:03

I am seeing prices of 57p / share, but I can't buy at these prices through my broker, all I am getting offered is 85.6p / share.

[morethanme] 31/10/2019 10:58

Anyone understand the price drop?

[borisjohnsonshair] 31/10/2019 08:11

A trade of 19?!?!?

[tightfist] 29/10/2019 09:55

Hi loganair,

Liquidity seems better recently, witness the 4 x 10k trades with an unmoved price. A fund raising will inevitably be to ii’s and that would do diddly squat for liquidity. Seems to me we now have an attractive growth outlook that can be organically funded with only modest interim debt. Hooray!

tightfist

[tightfist] 29/10/2019 09:55

(Repeat post)

[ppvn] 29/10/2019 09:23

Berkshire Hathaway A shares have 710k shares in circulation. Their daily liquidity is 287 shares.

I agree to a point that liquidity is useful for tiddlers when producing small quantities of gold at just about break even, but when Serabi are reliably producing nearly 100k or more than 100k ounces at sub $1,000 aisc that argument goes out the window imo.

People will want these shares and the number of them being traded is not relevant when they are reliably producing cashflow.

[loganair] 29/10/2019 09:17

Remember what MH said that there were too many shares held by the major share holders and need more retail investors to provide the liquidity in shares that SRB needed.

[ppvn] 29/10/2019 09:03

For the record, I would not be supportive of a placing! Haha!

With Palito and Sao Chico looking increasingly like a sub $1,000 producer and the relatively low cost to get Coringa up and running (and with an immediate ramp up in production due to stockpiled ore) there seems little point in raising capital in that way.

We'll see, but I'd hope they can get to the production stage of Coringa without tapping the shareholders.

[borisjohnsonshair] 29/10/2019 08:36

I don't care about dilution for something sooo underpriced. A little extra liquidity would be a good thing.

[bomber13] 29/10/2019 08:27

Boris , I think there is just a suspicion that Mike is doing all this marketing for a reason , and not just for the good of his soul . In all the transcripts/webcasts that I have digested , Serabi has not categorically ruled out some form of equity raising as well as project finance .

It is early days because the Coringa permit will not come through for many months , and the final US$12m for buying Coringa should be covered by group cash . Throw in a farm-out deal with Anglos or RTZ , however , and they might not be able to resist a placing well above 100p .

[borisjohnsonshair] 29/10/2019 08:01

It's all tooooo good. What is with this price. Ah well.

[ppvn] 29/10/2019 07:28

NP bomber.

The discussion Mike had re. Coringa was another surprise to me, bojo. They aren't plant constrained there (the process plant is 750tpd). If the veins are wider and they can semi mechanise plus an ore sorter I think Mike was alluding to it potentially being c. 1.5x the output of Palito. That's what struck me about that part of the discussion!

[borisjohnsonshair] 29/10/2019 07:04

Hopefully see £5 in a few years.

[borisjohnsonshair] 29/10/2019 01:33

What an incredible opportunity. 40,000 this year, 45,000 - 50,000 next year and 85-90,000 when Coringa is at capacity plus the huge exploration potential. So happy to be on board.

[jeanesy] 28/10/2019 20:32

Just watched the webcast.. very exciting . Sounds to me like they are trying to get bigger players on board both in terms of exploration and to do with the payment of Corringa.. all very positive here. Cant see these being under a pound for much longer !

[bomber13] 28/10/2019 20:07

Thanks PPVN , great spot and lots to like .

Mike has always struck me as an honest straightforward professional CEO , and dropping two mega names like RTZ and Anglos into the webcast may be entirely genuine , but it is also immensely exciting . If they agreed a farm-in deal with , say , Anglos , it would not only do wonders for their street credit , and share price , but it would also give them yet another permutation on their own funding needs .

The other thing that struck me is the tangible confidence in the ore sorter . It has certainly made me think that the 25% upside to gold production from the Palito complex , yet with the same amount of plant throughput , might well implicate AISC per oz falling by , say , 10%/15% to below US$900 per oz ?

Near mine exploration is also going to become a significant catalyst within the next few months . All told , Serabi is just a terrific organic growth story , and the good news is that Mike is out there marketing it very eloquently .

[ppvn] 28/10/2019 11:00

Worth a listen to the webcast put up on serabis homepage today. Couple of big surprises of the good kind in there.

[jeanesy] 25/10/2019 15:51

4 lots of 10k buys and no move yet. AS for Eurasia yes it will move lots more , both up and down. Could have traded it this morning and made a few quid but see this as an investment for the long term which i didn't see with them. Welcome aboard :)

[mick1909] 25/10/2019 15:35

I dipped my toes in as a punt see where it goes I know SRB has sound fundamentals but is a slow burner as Eurasia could change a lot quicker

[morethanme] 25/10/2019 12:13

Nice to see Russia cutting rates by 0.5% today. US rate cut next Wednesday is looking highly likely, but what is everyone's take on that, is it a done deal? And if so, is the rate cut already priced into the POG?


Mick:
More on EUA can be found on this article from proactive investors:
[Search for: Eurasia Mining's move to consider strategic options around its assets 'well-timed']

[morethanme] 24/10/2019 17:17

I am not the most informed on EUA, but the RNS released by the company today shows interest in deposits the company owns from CITIC and VTB Capital (big Chinese/Russian investment banks).

EUA mines platinum, palladium, rhodium and gold. Rhodium and palladium are currently very high in price which would lead to the company's assets being valued very favorably if a bid is made, which the RNS suggests is likely.

[mick1909] 24/10/2019 14:13

Does anyone know about eurasia mining? Big surge today

[borisjohnsonshair] 22/10/2019 16:25

Yes but it's just a repeat of the one last week?

[jeanesy] 22/10/2019 07:45

What do you mean Boris, the RNS came out at 4pm yesterday. yes we knew it was coming at some point but it is good to see that it has happened already isn't it ?