Serabi Gold Share Discussion Threads

[borisjohnsonshair] 21/2/2020 16:31

94p in Canada

[sherry35] 21/2/2020 15:17

tightfist - I took a quick first pass on the PDAC presentation and got inspired by the increased capacity in the Palito mill attributed to the ore sorter. Further inspired in your Coringa "part"-funded comment in post 5370, I'm wondering if MH is contemplating using a ore sorter at Coringa and then shipping the concentrated output (of said ore sorter) to the Palito mill for gold recovery. Given the high elimination of waste from the ore sorter, haulage costs should be lower running a full mill.

If SRB starts sorting both Palito and SC ore, there is going to be large increase in excess capacity in the Palito mill. We'll know more by the end of the quarter when the ore sorting test results for all three mines becomes available.

[cotton4] 21/2/2020 14:49

If you take a look at September accounts and substitute the $1351 average gold price with $1600 this gives an extra $8m of revenue. Ignoring the positive movement in the Real for their costs this equates to £6m or £8m per annum. All a bit crude but that uplift in profits is as yet not reflected in the share price

[cotton4] 21/2/2020 14:31

Can't help but feel that they are looking to be bought out.

[tightfist] 21/2/2020 14:16

No details as yet, but I have noted the word "part"-funded a couple of times in the past few months. .My current understanding is that they will only have a line-of-sight after the 26th to making the final $12m payment to Equinox, paying-off the Sprott loan and PART funding the Coringa M&E Capex and mine development - whilst simultaneously continuing with a moderately extensive Palito/SC drilling campaigns..They seem to have chosen to incur these expenses in parallel, so it seems they maybe have twinkles-in-their-eye?? Maybe it's cashflow from PoG prospects, maybe something else!!.Cheers, tightfist

[tiger60] 21/2/2020 13:58

But remember the presentation pointed out extra funding required at the end of 2020 for infatructure etc. The amount and terms are a grey area. Anyone with more details on this?

[borisjohnsonshair] 21/2/2020 13:49

The financing for Coringa is done, subject to the vote

[morethanme] 21/2/2020 13:19

This higher gold price will definitely improve the terms of financing deal for Coringa and the extra cash flow will of course help to. The very bullish gold price movement will also promote more interest in the miners, which we need to see Serabi valued properly by the market.

Exciting times for Serabi Gold.

[borisjohnsonshair] 21/2/2020 11:57

Very bizarre that this gem doesn't rocket!! I'd be happy with between 120-150p at the mo. Nothing lessMakes sense. Oh well.

[loganair] 21/2/2020 10:01

Another all time closing high yesterday for the price of gold at 7,105BRLs per oz.

Currently 7,185BRLs & $1,635 per oz.

[tightfist] 21/2/2020 09:12

Smiling twice-over now! I suppose with ultrailliquid stocks and certain trade report systems you can trigger changes with miniscule trades and try and play on herd mentality..Incidentally, I held until recently just one Toronto stock, Carube, where impatience took me out. The great news is that I am now registered to hold Canadian stocks, so I can play with.......SBI!.Cheers, tightfistPS: This morning's read is to dissect the SRB PDAC presentation

[sherry35] 21/2/2020 06:15

tightfist - I'm afraid I can't dismiss this topic any longer. I know you'll be upset with what I'm about to discuss. But it's time to clear the air. It's regarding your trading behaviour on the TSX. I noticed you traded 2 SBI shares on February 19. What would possess you to sell 2 shares given the loss after the trade commission. Were you trying to hit some stop losses? P.S. - laugh now!!!!

Sherry

[sherry35] 21/2/2020 06:08

They say three times the charm in breaking through resistance. Based on the daily trading pattern of SBI on the TSX, it was the forth attempt that broke through $1.50 CDN resistance level on 23,700 shares. I attribute the low volume to extremely tight float - at least on this side of the pond.

[tiger60] 20/2/2020 16:42

and the exchange rate RRL to USd

[loganair] 20/2/2020 16:34

Level to watch - $1685 February 2013 high.

[loganair] 20/2/2020 16:14

Inflows of gold into exchange-traded funds have now risen for 21 business days in a row as investment demand continues to underpin the market, said Commerzbank analyst Daniel Briesemann. Spot gold Thursday climbed to a seven-year high of $1,618 an ounce.

The ECB and the Bank of Japan have benchmark interest rates in negative territory. The “low real rates and a hesitant approach to normalizing policy at the Fed, the Bank of Japan and European Central Bank” have been driving the gold higher. Right now, real U.S. rates are negative as well, and the Fed is unlikely to make changes soon according to experts, which cuts the opportunity cost of holding bullion

Looking ahead, the World Gold Council argued that the precious metal could shine after the major monetary policy shift out of the Federal Reserve last year. Gold has historically performed in the 12 to 24 month period following policy shifts from tightening to “on-hold”; or “easing”. Additionally, when real rates have been negative, gold’s average monthly returns have been double their long-term average.

“Gold should perform as a convex macro asset market hedge, resilient during ongoing risk market rallies but a better hedge during sell-offs and volatility spikes,” according to Citi.

The bank believes the yellow metal can add another $100 an ounce over the next six months and sees bullion climbing to $2,000 an ounce over the next 12 to 24 months.

Gold and ETFs such as GLD and GLDM have ample tailwinds in 2020 with Year-to-date, investors have added a whopping $1.87 billion to GLD while the cost-effective GLDM has seen 2020 inflows of almost $127 million.

[tightfist] 20/2/2020 12:59

Patience required! Bomber summarised the situations nicely in #5248 - lots of Blue Touch Paper potential within the next couple of months..BTW I don't really have a problem with liquidity. Since last summer more shares entered the hands of PI's and I think liquidity is reasonable, at least for the time being whilst the Bulls and Bears slug it out........ just looking for a Close above 90p to IMO initiate the next leg up..Also BTW does anyone track River & Mercantile? I see that they have recently been selling-down Shanta, any sign of movement here? - IIRC they modestly increased their holding last summer..Happy times, tightfist

[borisjohnsonshair] 20/2/2020 12:55

https://mobile.twitter.com/share_talk/status/1230417331727171584

[borisjohnsonshair] 20/2/2020 12:53

True. I think the Ore Sorter is sorted in Q2 and will add 6,000 in 2020.

[cotton4] 20/2/2020 12:36

I agree on the mcap being too low but we are not at the 50,000 ounces yet even although an announcement to that effect is imminent.

[borisjohnsonshair] 20/2/2020 12:25

I don't agree. Even as we are we have 500 FCF / ounce on 50,000. The funds raised are being invested in raising output to 100,000 and with exploration success maybe MUCH more. The base MCP is too low. We should be at US$125-150M, then some for the potential.

[cotton4] 20/2/2020 10:25

I think the problem is actual production. Although the potential is huge, it actually hasn't happened yet. So we await the ore sorter, exploration results and Coringha.