Serabi Gold Share Discussion Threads

[morethanme] 06/1/2020 12:14

Does anyone have any predictions for short term gold movement?

I was expecting to see a decent pullback in the gold price this week before going above $1557, but the gold price gaped up through this resistance area to a new high (since 2013). Now I think we might see $1620 before the next sizable pullback.

[morethanme] 06/1/2020 11:55

Those that were lucky enough to buy in at 62p did very well and we will definitely see profit taking today.

I am continually happy to hold for the long term and see the Coringa resource be developed. With strengthening gold price, notQE4, US equities at ATHs, its exciting times.

[borisjohnsonshair] 06/1/2020 11:12

Oops - moron alert

[tightfist] 06/1/2020 09:56

Looks like they are planning with baselines of 10,000 Oz per qtr. now, rising to 12,000 Ok per qtr with the OS fully in stream..Regarding future infrastructure spend at SC I guess it all depends how quickly they tentatively want to exploit the expanding seams and Anomalies. They could do it organically over the long-haul; however, IMO, discussions of a farm-in suggest that they want to go quicker, or bring more resources to the task. I did relate the humorous aside from the AGM that they may realise they put the processing plant in the wrong place (Palito as opposed to SC)......Just gives a little insight into their thinking! tightfist

[loganair] 06/1/2020 09:28

In the past Serabi have always come in at the very bottom end of their production guidance therefore I would not be at all surprised to see the full year production to come in around the 43,000 - 44,000 ounces.

[borisjohnsonshair] 06/1/2020 09:17

Yes I considered this the guidance for 2020 Palita with ore sorter from Q1, so you'd expect 75% of the increase if it's adding from Q2. Splitting hairs - is expect 43,000-44,500. Nice to see origin guidance despite slower commissioning.

[loganair] 06/1/2020 09:07

With the ore sorter being tested during this first quarter, we expect the first quarter's gold production to be at similar levels to 2019, with the enhanced production impact being realised from the second quarter onwards. With this in mind, we anticipate 2020 production guidance of 45,000-46,000 ounces. ????

[borisjohnsonshair] 06/1/2020 09:01

It's just the start. Some people prefer to hold until derisked some or all. Who dares wins. If you want to be cautious wait for details of the finance. Very hard to buy as max 16% in retail hands and some of that in large chunks not on the market. It'll gap to 120p when finance announced.

[edjge2] 06/1/2020 08:57

Boris, ah well missed a good adding chance at approx 63p. Your assessment of this correct and looks like a future flyer so will look for pullbacks.

[borisjohnsonshair] 06/1/2020 08:54

Ongoing costs associated with operation, hence AISC should remain consistent. It improves with ore sorter and Coringa sharing costs, hence economy of scale. Reduction of 1000 to 900 predicted.

[kennyp52] 06/1/2020 08:52

Excellent Boris . So purely an addition with no perceived extra infrastructure ?

[borisjohnsonshair] 06/1/2020 08:47

No, it's a continuation, giving existing FCF extra longevity and stability as Coringa is developed. Then we have secured additional time with parallel output of over 100,000. This will generate obscene cash as AISC drops and POG rises.

[kennyp52] 06/1/2020 08:39

Good looking drill results . How do they turn it into production .. will they need new finance ?

[borisjohnsonshair] 06/1/2020 08:32

That's a good point. They'd keep the cash if the finance wasn't secured as they don't want to defer again. All good.

[tightfist] 06/1/2020 08:30

Great results and outlook. .Interesting to see that they are continuing at pace on SC exploration activities (ie spend) although the overall funding resolution could be outstanding for another 12 weeks. IMO this smacks of BoD confidence!

[borisjohnsonshair] 06/1/2020 08:14

You heard it here first my friend!!!

[ironstorm] 06/1/2020 08:13

“The anomalies are spectacular”

Good day for this news methinks.

I think prospects here are turning spectacular. 🚀

[ironstorm] 06/1/2020 08:13

“The anomalies are spectacular”

Good day for this news methinks.

I think prospects here are turning spectacular. 🚀

[borisjohnsonshair] 06/1/2020 07:48

Yes, this is easy but that wouldn't reach its fair value by some way. I was concerned (only due to lack of update not based on anything tangible) about LOM, which in turn would scare backers for the finance for Coringa. The FCF is proven to service the required funds, so on top of existing production Coringa is a given. 2020 is another nice year of production and the development of Coringa. 2021 is off to the races!!!!!

[ilostthelot] 06/1/2020 07:44

Bonanza grades there this could really see the share price explode higher today +30% maybe?!

[borisjohnsonshair] 06/1/2020 07:43

Agreed. This company has great production, which generates cash plus likely great LOM and also MASSIVE exploration potential. Could easily be a US$1B takeover in 5 years without dilution. Do the math!!!

[catsick] 06/1/2020 07:40

Some spectacular grades there on the deeper drills, looks like decent LOM extension and also higher grades deeper can lead to increased production and lower costs ...