Serabi Gold Share Discussion Threads

[bsg] 23/7/2020 08:40

Still sellers?

[borisjohnsonshair] 23/7/2020 08:39

Good on yer

[borisjohnsonshair] 23/7/2020 08:39

Yes but anyone who does deserves to be parted with their cash. This is the moron that thinks a one trick pony is driven by charts not fundamentals!!! This is the clown who things Covid has zero impact on global markets.

[waterloo01] 23/7/2020 08:37

Back in after a long break.

[redtrend] 23/7/2020 08:19

Hi tightfist - yep just had a more detailed look and agree.

As you all say $4m free cashflow generated in Q2 alone when SRB produced only 8,500 oz and gold much lower than it is now, amazing! So at $1,800+, even if Q3 is another 8,000 - 8,500 Oz Q, we could see anywhere from $4-5.5m free cashflow again.

It's always good to have a bit of wiggle room and financing if interest rate is competitive, but it is great to know SRB should be able to fund Coringa from cash + future cashflows with gold over $1,700+

I don't think market appreciate how cheap Coringa is to get into production either at only $25m capex with a lot of infrastructure in place already.

I'm not sure on timeline though once they get approvals - what is the estimate for Project development and Coringa commercial production?

[borisjohnsonshair] 23/7/2020 08:19

Welcome - you are buying £1 for 50p, much less after Coringa I'm production.

[gooner1886] 23/7/2020 08:15

New investor here, managed to get in at 79p . Impressive update, looking forward to what the year can bring!Gla

[tightfist] 23/7/2020 08:09

Hi Redtrend,.At this cash level and rate of cash generation, IMO there must be good chance they can equip Coringa M&E 100% from organic cash flow..... And continue with some exploring too!

[borisjohnsonshair] 23/7/2020 08:07

The market isnt even showing the correct rise. Its at 82p

[borisjohnsonshair] 23/7/2020 08:06

When Coringa final approval comes, this will pop to 150p

[borisjohnsonshair] 23/7/2020 08:05

Should be over 120p

[borisjohnsonshair] 23/7/2020 08:04

more retail stock needed.

[redtrend] 23/7/2020 08:00

I need to read it all but concur far better than expected with cash of USD 9.6m and no debt, I was expecting USD 6m cash due to COVID19.

[ironstorm] 23/7/2020 07:58

Excellent results here. And btw remind me what the pog is now. Within spitting distance of 1900.

I think these results should lift the share price malaise.

[borisjohnsonshair] 23/7/2020 07:56

By the end of 2021 at this rate they'll have cash equivalent to their MCAP. Omg - this will FLY soooooon

[tightfist] 23/7/2020 07:55

Hi Sherry, I share your frustration. IMO we are experiencing capital rotation into a cohort of very fashionable Au shares; often investing through ETF's (post #6699) or favoured ultra-high-momentum minnows, some with poor fundamentals..For the patient our day will come. Having read this morning's encouraging update, maybe today will be the turning point for SRB? And SBI. Those cash and exploration results, and resumption of guidance can surely not go un-noticed..Cheers, tightfist

[borisjohnsonshair] 23/7/2020 07:55

Breaking rock in Coringa in Q4!!! What a team!!!

[borisjohnsonshair] 23/7/2020 07:47

Oops - couldn't agree more

[ppvn] 23/7/2020 07:41

Very good update I agree. Even at 2/3 production they are making what appears to be $4m per quarter post tax and market cap still £45m.

Sounds like coringa needs the rubber stamp then off to 100k oz not even mentioning the exploration.

Ridiculous pricing here, let's see what the share price can do today.

[borisjohnsonshair] 23/7/2020 07:20

Great update.

[trader536] 23/7/2020 07:13

It’s simply a price chart, I’m not responsible for where the price is you helmet head