Serabi Gold Share Discussion Threads

[tiger60] 09/2/2020 21:22

That works but ignores the increase in financing costs and the high development costs for Coringa

[loganair] 09/2/2020 20:40

The article I posted states Earnings up by 125% and not Revenue.

Serabi is a high cost miner of gold with their AISC at around $1,085 per oz.

Average price of gold for 2019 will be around $1,350. Average price for 2020 is say $1,550.

2019 making $265 per oz while in 2020 making $465 per oz. On constant production will increase Earnings by 75%.

+

Expecting around 4,000oz more gold to be mined this year then last year, most of the extra Revenue of $1.8mln goes straight down to the bottom line as profit, as Earnings.

Therefore Serabi can easily see their Earnings rise by 125% over last year.

[alangriffbang] 09/2/2020 18:28

There’s only one me Boris ,think what you want ,it’s of no importance to me ,

[tiger60] 09/2/2020 18:26

How - Coringa not producing until 2021 and the article states a 125% increase in 2020.

[borisjohnsonshair] 09/2/2020 18:23

Tiger - I'm not sure but I think the standard target has been 40,000. Coringa plus ore sorter increases 125%, nearly.

[borisjohnsonshair] 09/2/2020 18:21

New version of old name!!!

[alangriffbang] 09/2/2020 17:58

Very good post tiger but what happens if it doesn’t go up , I’ve been in this sort of share for many years and have often been disappointed ,I’ve just sold out of Centamin with a small profit ,between Centamin , Serabi , and shanta all of the posts sound the same ,good luck to you ,

[tiger60] 09/2/2020 17:45

Posted by Loganzir:

'I pledged to look at strong safe-haven growth plays in this piece and Serabi Gold is quite a doozy. City analysts think that earnings here will soar 125% in 2020 thanks to strong metal prices and booming production levels. The Brazil-focused digger smashed through the 40,000-ounce barrier in 2019 to dig 40,101 gold ounces out of the ground. And output of between 45,000 ounces and 46,000 ounces is predicted for this year.

What’s more, Serabi Gold’s a great pick for investors hunting for true value, I feel. A forward P/E ratio of 5.7 times sits well below the widely-regarded bargain benchmark of 10 times. And this low rating could further boost buying interest in the weeks and months ahead.'

'A forward PE ratio of 5.7'!!!!! Anyone help me get there????

'City analysts think earnings will soar 125% in 2020' How? We have estimated production of 46,000 against a prior year of 40,000 are costs really going down crazy amounts or are city analysts expecting gold to go through not only the roof but into space. Again anyone who can justify this figures be my guest....I so want it to be true

[borisjohnsonshair] 09/2/2020 14:58

Correct. Local hearing for the license

[tightfist] 09/2/2020 12:25

I think the recent meeting on 6th Feb was a public consultation in a town (Novo Progresso?) near the proposed Coringa mine..The last AGM was held in London last mid-June. Only three non-Board/advisors attended - I posted some notes at the time..Should be plenty of news flow in the coming months! tightfist

[sherry35] 08/2/2020 22:40

Has anyone posted their notes from the very recent SBI/SRB AGM meeting? I probably missed them with all the bantering posts.

[sherry35] 08/2/2020 22:38

tightfist - Bravo on "parallel forum with an entry moderator" and "3rd Party is now being drawn-in".

Big thank you from this side of the pond.

[tightfist] 07/2/2020 18:38

Hi Boris,Re #5127 please this time stick to your word and do not engage further and let ANO drift off. Otherwise we will need to invoke to #5124 and (through a premium poster?) set-up an invitation-only parallel forum with an entry moderator. I say that, as a liberal, with a heavy-heart but enough-is-enough. Another stock I am invested in went up this route on ADFVN, but without sufficient care to prevent the thread becoming exclusive..There were several insightful posters here but tolerance of a foul-mouthed 2-party spat has worn thin, and a 3rd Party is now being drawn-in. All IMO, tightfist

[backinblack80] 07/2/2020 10:16

Bravo Boris!!

[borisjohnsonshair] 07/2/2020 08:40

More locals breaking the bank after the hearing

[sherry35] 07/2/2020 06:49

This one is for you Boris. There something NOT to be said about JIT. If this supple chain shortage and oil demand continues on for a few more weeks, the Trump put may start to loose its effect on the DOW, SP500 and NAS100. The total impact will become evident in the quarterly financial reports released in April/May.




Stay cool. Be diplomatic. No response (silence) is the best response.

[borisjohnsonshair] 07/2/2020 05:59

Yes, agreed he is a totally sad loser. I'll do my bit and ignore him. I don't want him to go away though as we can ridicule the Bellend as we go through the £1, £2 and £3 levels. "Permitting at Coringa continued to progress with the date for the public hearing being set for 6 February 2020. Assuming public and stakeholder support, this is the final step for the company before receipt of the Licencia Previa (the Preliminary License)" "Final" Stage!! I doubt we'll hear for a week or two. The last public hearing back in 2013 was 27th April with news outcome 2nd May. Once approved there's nothing between 46,000 and 80,000 except time. Also the reduction of AISC due to shared opps expenses. I'm happy to wait 1-2 years for the associated MASSIVE adjustment in MCAP. Max dilution is the 17%. Winner winner chicken dinner. Trader365 loser loser Wuhan bat dinner.

[backinblack80] 06/2/2020 22:47

BJH, if you stopped responding to Trader365, this would likely be a much better board. I know it's not your fault and T365 is doing its best to provoke you.BUT, if you just ignore and let it talk to itself that would be much better. You're obviously very confident in your investment here so no need to engage with a loser who obviously has an agenda. Let it talk to itself....that really makes it look like a mug. When you reply you validate what it is saying.....