Serabi Gold Share Discussion Threads

[borisjohnsonshair] 14/8/2020 12:22

Rise into weekend likely this afternoon

[borisjohnsonshair] 14/8/2020 12:22

Tit - you've brought something GRL that may produce!!! This is pumping cash. You are such a moron

[trader536] 14/8/2020 12:05

SRB has been promising 100koz since 2007 and has failed to deliver for 13 years. It’ll be interesting to see how much longer they can string fools along with unprofessional YouTube video ramps.

[borisjohnsonshair] 14/8/2020 11:50

I don't share your view that SRB over promise and under deliver. I believe MH is cautious with forecasts and timeframes.

[loganair] 14/8/2020 11:38

I consider these as OK results, nothing special. The usual Serabi of over promising and under delivering.

Two of their main fixed costs are down year on year, Fuel and the 25% depreciation of the local Brazilian currency.

Serabi's last debt financing was at 13% interest. Any loans taken on to get Coringa up and running must be at half this interest rate, especially as there is so much money sloshing around the markets and is being thrown at many thing that movers.

[stan72] 14/8/2020 11:36

Trader### since there wasn't a double top,how can there be a triple top?

[kennyp52] 14/8/2020 11:22

Kick the trader into touch ... just deramping and trolling .. what a weirdo .

Anyway ... one point I would say from the H2 ... the figures look Ok only due to POG . AISC at $1263 is relative to lower production which highlights the absolute need to get back to expected production and then on to the next phase to increase and absorb the costs bringing down the overall AISC .

The loan situations are very pleasing .

Need more news now to liven up the share price


Trader536 posting this share will tank on bad news is just childish and pathetic .

[bsg] 14/8/2020 11:21

When all the ducks are lined up this will go into orbit.

[trader536] 14/8/2020 11:16

Triple top?

[cruxinvestor] 14/8/2020 11:03

Here is our latest interview with Serabi, watch here:

We were keen to understand how this gold producer has been resolving their balance sheet balancing act of last year. This gold bull run has helped a lot of marginal gold producers build up cash reserve and resolve balance sheet issues. Serabi Gold has cash in the bank and are making money. The Sprott debt has now been paid. The company still owes Equinox $12M but has agreed to pay this off in instalments. And it seems to be coping with the COVID restrictions admirably. Line talks us through their thinking in terms of activity and sequencing to manage expenditure whilst they prepare their new asset Coringa.

Let us know your thoughts!

[golden prospect] 14/8/2020 10:58

1H are great results given covid19 circumstances, strong cashflow, debt free, and 2H should be stronger still given 1H avg sale price $1647, today $1943

[stan72] 14/8/2020 10:52

A lot of the boards have gone quiet since Gold shat the bed. I imagine a fair number of latecomers to the party got burned. SRB has held up well this week compared to other junior miners.

[cotton4] 14/8/2020 10:41

Boris - you need to be patient and wait for the day traders to move on. Quite a few posters on this board now compared to years gone by. SRB will deliver but never in the anticipated timescales.

[borisjohnsonshair] 14/8/2020 10:38

They'll improve on US$4M a quarter soon as production up, costs down and gold price higher. US$20-24M / year.

[borisjohnsonshair] 14/8/2020 10:33

You'd think so!!

[cotton4] 14/8/2020 10:30

When most companies are trying to conserve cash we are in the enviable position of generating substantial sums. 4.2m in the qtr, 16m+ annually before current pog and increase in production. Value will out eventually

[trader536] 14/8/2020 10:29

Patience required here Boris, but an old codger like you may not have enough time left to see Coringa in production.

[trader536] 14/8/2020 10:15

Wow taken a hit already only up 1% now

[imastu pidgitaswell] 14/8/2020 10:14

I wouldn't sweat it - all sorts of machinations occur on AIM and low volume stocks, not to mention shenanigans with the spread. I hate small caps personally for that reason - but just think of it as in investment. If you wouldn't sell in the 90s, does it matter if it is 99 or 90?

[borisjohnsonshair] 14/8/2020 10:08

This effing stock don't wanna get to a fair value!!!!

[king suarez] 14/8/2020 10:01

Production having dropped a bit due to Covid pushes AISC up due to the relative proportion of fixed costs within the AISC. Once back to full production (+ more with the ore sorter in full operation) the AISC measure should drop considerably, then will drop even further when Coringa is in full production due to fixed administrative overheads etc being split across 2 mines/greater production etc.

[imastu pidgitaswell] 14/8/2020 09:57

They detail a lot of additional (one-time) CV19 costs associated with social distancing and remedial measures. People get too wound up by AISC stuff (imho) - it can be volatile, especially over a six month period such as the one we have just had. They are also quite clear it would have been reducing without the CV19 costs.

Impacted by production volumes as noted above, and on the cost side:

"The second quarter production
has been affected by the need to reduce the workforce on site to allow
socially distanced working conditions. By the end of the quarter, the
Company recorded over 85 per cent of its original production estimate
with just 65 per cent of the normal level of workforce at site. Those
staff that were at site, voluntarily extended their work rosters. Many
spent up to three months at site to maintain the mining operations as
restrictions on travel and a lack of testing capacity at the time
rendered team changes very difficult. However, taking this action kept
the camp safe. Nevertheless, additional costs have been incurred as a
result of the pandemic, including hardship payments to staff that
remained at site, salary payments whilst staff were quarantining in
advance of starting their work rosters and additional medical and other
costs as the Company adapted the conditions in the live-in camp to the
changing requirements imposed by the pandemic, ensuring that it provides,
as much as possible, a safe and secure work and living environment. Had
production been at the original levels expected, this would have
potentially translated into a 12.5 per cent improvement in the AISC and
Cash Costs. "