Serabi Gold Share Discussion Threads

[borisjohnsonshair] 23/4/2020 11:41

Yep - heading for 90p. Then 120p

[borisjohnsonshair] 23/4/2020 11:38

The chart has spoken!!!

[loganair] 22/4/2020 21:28

At a time of weak economic growth and increased market volatility, analysts are getting more bullish on gold. According to Bank of America, the precious metal is headed 78 percent higher, to hit $3,000 per ounce in 18 months.

“As economic output contracts sharply, fiscal outlays surge, and central bank balance sheets double, fiat currencies could come under pressure. And investors will aim for gold,” the bank’s analysts said, adding that the US Federal Reserve has provided enough momentum to propel investment demand and prices higher.

They have warned that the Federal Reserve’s balance sheet as a percentage of GDP could rise 20 percent to 40 percent this year. They’ve also pointed out that the Fed “Can’t print gold.”

They said: “Beyond traditional gold supply and demand fundamentals, financial repression is back on an extraordinary scale. Rates in the US and most G10 economies will likely be at or below zero for a very long period of time as central banks attempt to push inflation back above their targets.”

Gold’s recent run began back at the end of September 2018, when the precious metal was trading at $1,465.70. Since then, it has gained 15 percent to $1,689.60. The yellow metal was trading higher on Wednesday, above $1,700 an ounce.

And the gold market has further room to run, according to Bank of America.

[sherry35] 22/4/2020 20:22

As pointed out by a poster, the cost of production should go down with the additional 10,000 Au Eq. ounce production and low oil prices (diesel). If SRB/SBI can clear a average $800 US per Au oz. for 2020, SRB will be sitting on $40M US profit by year end. Perhaps more. With Sprott debt quench in June, SRB will be generating $3.3M US per month. This will definitely cover the monthly debt obligation to Equiniox, and leave enough to do continued drilling.

This kind of cash flow supports tightfist's suggestion about stalling Greenstone.

Any thoughts on continued exploration drilling outside the normal operations, or did I miss something in a video again?

[ironstorm] 22/4/2020 13:57

Tightfist I am happy with what you suggest. The longer Greenstone drag it out the better.

We will find we don't need this money at this time! We will have paid off Sprott and Equinox and are suddenly debt free, owning Coringa, throwing off cash and probably with cash in the bank. Happy days!!

When we need more to finance the build we should out to a proper competition. Not some cozy deal which is what it appears to me.

[borisjohnsonshair] 22/4/2020 11:22

Wobble before next jump to 90p

[borisjohnsonshair] 22/4/2020 11:03

Who's selling!! Wallys

[paleje] 22/4/2020 09:45

...and in 18 months or so pog could be ~$3000/oz say Bank of America.

[borisjohnsonshair] 19/4/2020 13:39

Hi - on the basis everything is in limbo and we may suspend for 4-8 weeks, worst case, the situation is little changed. If we use free cash to buy Coringa and settle debt in installments, we still need convertible loan to develop the mine. The current plan is to complete acquisition and clear debt, then develop mine & proceed with exploration with existing & future free cash flow. Swings & roundabouts, same outcome. The risk is closure of mine, which remains, however, it's not a long term game changer. In 18-24 months will be 100,000 ounces of gold / year and 17-20% diluted. Should be worth 5-10 times current MCAP.

[tightfist] 19/4/2020 08:57

Continued.....One must seriously consider the timing/interpretation of the SRB/Greenstone/Equinox international travel clause, although PM mining must be becoming ever more valuable to the Brasilian economy.."........until such time as there are no international travel restrictions imposed by the Brazilian authorities and also no travel restrictions within or into the State of Para, Brazil, (the "Travel Restriction Condition") where the Company's Palito Complex gold production operations and the Coringa gold project are located (the "Deferral Period")......".One does wonder if, in the worst case scenario, we could fund the Final Payment through purely organic cash flow? The "worst case" may not eventually be the worst case for LTH investors?.Take care, tightfist

[tightfist] 19/4/2020 08:55

Extract from this morning's highly recommended Big Read in the FT. Apparently Brasilian President Bolsonaro replaced his popular and seemingly competent health minister Mandetta last Thursday:.".......For Brazil, the pandemic is a double blow. The economy was already in a parlous state, having yet to recover from a sharp recession in 2015-16. Its public finances were under heavy pressure even before the pandemic; mounting a fiscal response to the decline in the demand will create even greater strain.On top of that, it has a dysfunctional federal government, with anideologically-charged president openly opposing the strategy for fighting the disease proposed by many in his cabinet, senior lawmakers and the bulk of state governors, even some who were until recently allies......".Continued....

[backinblack80] 18/4/2020 00:28

haha...hope you're right...that would be very welcome and not before time!!

[borisjohnsonshair] 17/4/2020 16:22

Nice pop at close, primes us for push to 90p next week.

[backinblack80] 17/4/2020 14:53

Better to be boring in the 70s than the 50s.....

[sherry35] 17/4/2020 04:06

tightfist - The POG should of blown through 1900 by now. It needs a amphetamine injection to its tush in 5th gear. Or, perhaps I need a G&T to calm my impatience.

How are things on your side of the pond? What was deciding factor in Boris' recovery?

[tightfist] 16/4/2020 11:49

According to my sums 96.5p....... but we can expect some shenanigans in due course to break through the ~94p level...... NIAI !

[borisjohnsonshair] 16/4/2020 11:35

So what happens next with TA signal?

[tightfist] 16/4/2020 11:30

If you are a follower of TA (Technical Analysis) this morning we have completed (hopefully held to today's close) a small "inverted Head & Shoulders" pattern which IMO is very bullish - or filled the 26th March gap-down; the market seems to have now swiftly overcome the 72p level. .Importantly, Greenstone CLN's are soon to be in-the-money so surely finally buries any quibbling there?.Take care all! tightfist

[ppvn] 16/4/2020 10:57

Soon enough bojo, soon enough...

[borisjohnsonshair] 16/4/2020 10:13

Too cheap. Need to be over 100p

[tightfist] 16/4/2020 08:59

MWF, yes agreed, some great posters on the AGL thread too - well worth heeding! The technology puts our Ore Sorter in the shade! tightfist