Serabi Gold Share Discussion Threads

[kennyp52] 13/2/2020 14:19

What happened to your 60p here trader365 ? Idiot

[trader365] 13/2/2020 14:16

Resistance @90p so people are selling to lock in profit here

[tiger60] 13/2/2020 14:14

Isnt the mkt cap GBP53m?

The thing is although I agree this is undervalued there is so much to do prior to getting Coringa online. Remember earliest is April 2021 and even than annual production guideline is 38,000.

But most on this board are looking at the micro picture the rerate may well be caused by something much larger - macro level events. Honestly believe we are not far away from a complete shift in market perspective.

Anyway all interesting points - PS someone tell MH to put his hat on straight.....

[borisjohnsonshair] 13/2/2020 13:58

Not that you are talking to me, however, I agree steady growth based on fundamentals is best then wild swings, but I believe this needs a rerate. We are heading for 100,000 which will create US$60M FCF per year plus we have all the massive potential of the exploration between now and 2022. There's always risk but the ore sorter works, the license looks good, finance in place and Coringa is a rinse & repeat of Palito. Gotta be worth way more than US$50M

[tightfist] 13/2/2020 13:10

Hi Sherry, PPVN,A lot to like within the two videos, especially the Licensing public meeting detail and the Ore Sorter operational possibilities in the CRUX interview. Clearly the combination of revised mining protocols and downstream OS calibrations/programme options are exercising MH's mind - different strategy options are now in-play. But staying true to his guiding principle..They have wasted no time in starting to look at sorting SC ore - and they are eager to get their hands on some Coringa ore too..For me, the payback calcs are secondary - not sure if it's a date of payment issue (Q3 2019?), cost-creep, delivery/duty costs, or, as you suggest, the way you value benefits (reduced waste processing vs incremental gold opportunities). Anyway, I love MH's "paradigm shift" comment..One has to be thoughtful about the training, maintenance, spare parts and operation of the equipment once the Comex engineers leave site. I am unsure how hostile and incommunicado the Palito/Novo Progresso area really is. Hopefully MH and the Brazilian CEO has it all in hand..... I hope MH has good key-man insurance and an effective understudy........In my view better that we have a steady build in sp, based upon fundamental progress being progressively delivered, rather than a painful spike? As I mentioned in #5181, the RC satellite drilling around SC started in early December with two month breaks - so maybe we won't have to wait too long for first sight of results?.Cheers, tightfist

[ppvn] 13/2/2020 11:19

Liquidity I think. Not many traded yesterday and today appears more of the same. Think news is needed to break the 90 and 100p marks perhaps.

Interesting Mike spoke about exploration results beginning to filter in from Sao Chico with potential resource upgrade there. As I've always said though, I want to know what's in the anomalies... think that'll have to wait until later in the year.

[borisjohnsonshair] 13/2/2020 09:40

Yes, I'm surprised that we aren't 150p. I guess the license in the bag is more important than feedback of a positive meeting and addition gold to the market rather than good commissioning results from the ore sorter. All good things come to those that wait.

[tiger60] 13/2/2020 09:26

87.40 buy price from open. Surprised with gold up and markets down.

[borisjohnsonshair] 13/2/2020 07:52

What an amazing little business this is. What a bargain. 350p in 2022.

[ppvn] 13/2/2020 07:17

Think from what he said he was basing the payback of the sorter in terms of the waste rock it is eliminating the need to process as opposed to the additional gold ounces. He said that processing 100tpd of waste was costing $1mm per year and the sorter will remove the need to do that - what serabi then choose to do (I.e. stick 100tpd more ore into the process plant) is being looked at separately to the sorter.

Only my take...

[borisjohnsonshair] 13/2/2020 07:01

Possibly but not the normal way of determining ROI on investment.

[cotton4] 13/2/2020 06:54

Maybe he is starting from when the investment took place, given that there has been no return as yet. Just a thought.

[borisjohnsonshair] 13/2/2020 06:43

Thanks for the link. Nice reassuring update from MH. Everything moving forward very nicely. No reported broken machines to wipe out 99% of the gold forever. I'm still confused though - he mentioned ROI for Ore Sorter is 18 months. I thought it was US$2M. If it adds 10,000 ounces, virtually free, the payback is only a couple of months. Anyone agree or able to advise? Assuming $1,000 per ounce free then it's still ROI in 20% of a year.

[sherry35] 13/2/2020 03:40

Hi Sherry,

In the meantime here is a link (XX = tt) to yesterday’s latest CRUX interview with MH. Supposedly 4,046 views already.....

hXXps://www.youtube.com/watch?v=RvjZvxHGGbc&feature=push-sd&attr_tag=K1tXPg-P0Ry9Z5-U%3A6

Cheers, tightfist
PS: Will PM soones

[sherry35] 13/2/2020 03:39

ood evening tightfist,

<< THANK YOU FOR THE SHARE!!! >> The video addressed most of my questions. I like the comments on sorting the SC ore at 12:50 mark in the video. I suspect they are playing with both the colour and xray features to determine the right filtering mix on the SC ore. Again, a very interesting engineering problem in reducing waste and finding new methods in utilizing excess capacity in the plant. I suspect the plant may experience idling as they look at solving the latter of the two problems.

This is great utilization of the vendors staff being on site. It makes testing of the SC and Coringa ore more cost effective as opposed to shipping it to Poland. Even MH mentioned different mixes etc to fine tune the ore sorter. There is cross pollination of expertise from vendors to SRB operators/engineers.

Did you notice the OS installation is modular at the moment? Their payload output is not being fed into the plant via a conveyor system. SRB needs to release a updated NI43-101 and equivalent document on the new plant configuration along with expansion options. This could be a 2Q20 deliverable.

Knowing MH's conservative approach to resurrecting SRB, sorting the SC ore could easily bump gold production closer to 60K Au oz. per annum while still being stuck with that nasty excess capacity problem.

Great video. A more personal relaxed touch.

[sherry35] 12/2/2020 22:08

Good evening tightfist,

<< THANK YOU FOR THE SHARE!!! >> The video addressed most of my questions. I like the comments on sorting the SC ore at 12:50 mark in the video. I suspect they are playing with both the colour and xray features to determine the right filtering mix on the SC ore. Again, a very interesting engineering problem in reducing waste and finding new methods in utilizing excess capacity in the plant. I suspect the plant may experience idling as they look at solving the latter of the two problems.

This is great utilization of the vendors staff being on site. It makes testing of the SC and Coringa ore more cost effective as opposed to shipping it to Poland. Even MH mentioned different mixes etc to fine tune the ore sorter. There is cross pollination of expertise from vendors to SRB operators/engineers.

Did you notice the OS installation is modular at the moment? Their payload output is not being fed into the plant via a conveyor system. SRB needs to release a updated NI43-101 and equivalent document on the new plant configuration along with expansion options. This could be a 2Q20 deliverable.

Knowing MH's conservative approach to resurrecting SRB, sorting the SC ore could easily bump gold production closer to 60K Au oz. per annum while still being stuck with that nasty excess capacity problem.

Great video. A more personal relaxed touch.

[dice1950] 12/2/2020 22:00

brand new updated broker note

[alangriffbang] 12/2/2020 21:37

I agree with millwallfan I am on the verge of buying into this and I find both of your write ups very interesting and informative ,yourself and tight-fist will make the share more interesting ,I have recently bought Shanta and yesterday bought over half a million Greatland gold ,thank you and good luck ,

[tightfist] 12/2/2020 21:13

Hi Sherry,In the meantime here is a link (XX = tt) to yesterday's latest CRUX interview with MH. Supposedly 4,046 views already.....hXXps://www.youtube.com/watch?v=RvjZvxHGGbc&feature=push-sd&attr_tag=K1tXPg-P0Ry9Z5-U%3A6Cheers, tightfistPS: Will PM soones

[millwallfan] 12/2/2020 20:46

Please do not leave this bb - just block or simply ignore any poster you consider rude or irrelevant. Many posters don’t post often but respect valid positive and negative comments intended to inform or debate

[sherry35] 12/2/2020 20:01

tightfist - It's time to move to another board with a referee/moderator. The environment here is becoming toxic again. Just a matter of minutes before descends into swamp.

I know you have something in mind based on post. Send me a ADVFN message of the new coordinates.

[borisjohnsonshair] 12/2/2020 17:56

Absolutely. Forced sales. Improved liquidity or retail holding but took its toll for a while.

[trader365] 12/2/2020 17:32

Quite a drop 77%, and the over exuberant foul mouth thinks that shares only move in one direction.