Serabi Gold Share Discussion Threads

[borisjohnsonshair] 31/12/2019 10:00

Yes but based on proven veins. They probably stretch miles and miles further.

[hari] 31/12/2019 10:00

Ok found info..thanks to tightfist

[hari] 31/12/2019 09:54

ok

Am I correct in saying LOM is 9 years from start of production.

NPV is $38M?

[hari] 31/12/2019 09:43

New to this one, and just reading up.

I am currently also holding CNG

We am adding couple of more GOLD stocks to our portfolio now.

For the Palito mine , can anyone share the current AISC for production and the Life of the Mine?

I read Coringa will be the mirror of current mine. Also Gold grades are impressive at over 8g!

[backinblack80] 30/12/2019 22:45

TFFT, hopefully everyone will filter the pathetic moron. Let it talk to itself.

[tightfist] 29/12/2019 07:54

Personally, I am looking for the Ore Sorter going on-line in Q1 and then more than 44,000 Oz in FY 2020 - we shall see! I suppose the tailings scrubber contribution will taper-down in H2?.TBH I was a bit disappointed in net cash generation in Q3; I suppose quite a bit was absorbed by Coringa pre-works and SC Exploration. Whatever, I am comfortable that MH and CL will tread a prudent course on funding and that Fratelli/Greenstone-appointed directors will look after the interests of all equity holders.. Happy New Year ahead! tightfist

[borisjohnsonshair] 28/12/2019 16:31

Filtering you now!!! All the worst for 2020.

[borisjohnsonshair] 28/12/2019 14:59

That's assuming zero from Coringa? This should be the assumption at this stage. Maybe some Q1 2021.

[loganair] 28/12/2019 13:02

Price of gold:

First leg peaked in 2005.
Second leg peaked in 2011.
Third leg has just started and therefore likely to see much higher Price of Gold as the third legs are usually the Parabolic ones.

I would not at all be suprised to see the price of gold breach $1,600 per oz during 2020. If this was to be the case and Serabi gets their Ore Sorter fully up and running in Q1 2020, then their profit for 2020 could come in as high as $10mln.

[le0nard] 28/12/2019 09:30

boris put him on filter FFS

[loganair] 27/12/2019 19:35

Hopefully by the end of Q1 next year the Ore Sorter will be fully up and running which in turn will lead to the fall in the AISC by as much as $50 per ounce and may also lead to Serabi coming close to the 44,000oz gold production.

At the current price of gold of $1,500 per oz this will lead to an $8mln profit for Serabi for the next financial year.


Serabi reported having $13.4mln in the bank as of 30th September which mean's with another 3 months of profits, by 31st December they'll hopefully have between $14.5mln and $15mln in the bank.

I am confident in saying by the end of next year Serabi will have around $23mln which goes a long way to paying off their current loan and the capital expenditure needed to get their Coringa mine into operation.

[tightfist] 27/12/2019 16:51

IIIRC they have said at least twice that they don't intend to dilute but that in the light of increasingly healthy operating cash generation they intend to re-finance through debt in Jan (now Q1) to support the Final Coringa payment whilst also simultaneously enabling the M&E capex and possibly a (modest?) amount of exploration. I believe the Sprott loan pay-down start was also deferred until January..IMO they have several options to move forward. Whilst the door is being left ajar, I would have thought Fratelli and Greenstone would pushback on a placing - IMO more likely would be a deal with Equinox to convert the Coringa debt into equity - at a price unknown!

[kennyp52] 27/12/2019 16:29

POG motoring ... HUM , FRES .. moving up .. surely this to follow at some stage ? Need to prove profit / cashflow is sufficient to service debt . They could pay off the final payment but use all of their cash resource . Might just need some short term facility instead of dilution .

[bsg] 27/12/2019 15:38

Notwithstanding you two going on. There seems to be something afoot. Largish sells, depressed price. Either a distressed seller about or corporate action in the wings.