Serabi Gold Share Discussion Threads

[borisjohnsonshair] 17/8/2020 17:50

Massive buy at close

[borisjohnsonshair] 17/8/2020 17:50

Squeaky squeaky - loser

[trader536] 17/8/2020 17:34

GRL is up 400% in six months, 2.5% is insignificant. SRB has gone nowhere you despicable incompetent failure

[borisjohnsonshair] 17/8/2020 16:37

Gold voicing and rocketing

[borisjohnsonshair] 17/8/2020 15:13

I kinda think HSBC are a good punt at today's price, especially if Biden wins.

[c0lin1] 17/8/2020 15:02

getting out of Goldman is just as big a tell of what he thinks

[borisjohnsonshair] 17/8/2020 15:00

Yes - it's very odd WB is now into gold. Either the old man has lost it or he considers capitalism, the markets and concept of value investing over. Benjamin Graham would be turning in his grave!!!

[tom111] 17/8/2020 14:16

BJH read your posts on GRL you could not make it up not nice when people post deramping posts on o boards is it lol

[c0lin1] 17/8/2020 14:15

in other news horse racing superstar Shergar was kidknapped.
;^)

Who said this

“Gold gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”

[paleje] 17/8/2020 13:40

Buffet buying into gold miner Barrick, reducing bank holdings

[borisjohnsonshair] 17/8/2020 12:38

Poor sick people, I hope the suffering is limited. SRB has water tight quarantine. Hope you get it and suffer permanently as you are disgusting scum.

[trader536] 17/8/2020 12:05

Virus cases up to 3.3 million. Infrastructure and logistics in Brazil are at risk, hence the zero share price performance here

[borisjohnsonshair] 17/8/2020 10:33

About to tick up. Over 100p by Friday.

[pauliewonder] 17/8/2020 10:12

Just bought in this morning. Price of gold increase likely to have a material impact on bottom line even if production is lower for the current year than previously expected. Very exciting time to be in SRB. Good luck all

[trader536] 17/8/2020 09:59

Look at these ADVFN posts from 13 years ago. Sound familiar?


Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB
The second quarter results have been released. It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces).

In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land).
SP should be higher, imho, but overlooked by the market.

Ed 123 - 07 Sep 2007 - 13:23:08 - 767 of 3749 Serabi Mining - Gold from Brazil Now - SRB
I added to my holding today. Seymour Pierce reiterated buy on 29 August 2007 - states it's on its way to becoming a mid-tier gold producer.
SRB should produce about 40,000 ounces this year and its costs should be about US$225 per ounce. Operating profit could be in the region of £8 million in 2007. Current market cap. is only about £41 million. It has a good resource, over 700,000 ounces at about 9g/t. It also has rights to explore a large area adjacent to its current production.
Institutions paid 43p per share in July 2007 in a placing to provide funds for increasing both production and exploration. The gold price appears to be on a strong run but SRB looks neglected at its current price.

polaris - 11 Apr 2007 - 16:04:47 - 589 of 3749 Serabi Mining - Gold from Brazil Now - SRB
We cant be more than 5-6 weeks away from the trading update for Q1..and maybe some more details on the exploration. That will give a good feel to how 2007 will go.
The extra ball mill commissioned at the back end of last year should lead to an increase in milling throughput by 25%. With the work towards automated mining i would expect the head grades to fall a little during H1 2007 but this will be more than matched by the increased throughput. Q1 should yield around 13k Oz Au equivalent with average price in the 620-640$ range and possibly higher as they have small %ages of copper and silver in the refined ore and they have also seen good price increases over the last 6-9 months. I would hope that total cash costs (including admin etc - ie not mining costs which i expect to be less than $250) can be kept around the $300 per Au Oz equiv for the year and so my estimate for cash generation through the year is $17-18m. That is more than enough to fund resource drilling, expand and update mining equipment and to buy new prospects.
Current share price gives a market cap around £50m. With the prospects for increased resources with the drilling program, this still looks pretty cheap.

regards,

Paul

Stockologist - 08 Oct 2013 - 11:20:01 - 260 of 6139 Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator - SRB
They could make the current Market Cap every year in cashflow soon i.e. prospect of getting almost your entire investment in this as an annual dividend !

[trader536] 17/8/2020 09:52

This one trick pony is further reliant upon a single mechanical ore sorter running 24/7.

A recipe for disaster. Tick tock, tick tock....

[kennyp52] 17/8/2020 09:19

How can 20,000 ounces absorb the same cost per ounce ? Really ?

[borisjohnsonshair] 17/8/2020 09:14

Double not bounce

[borisjohnsonshair] 17/8/2020 09:06

Also Ore Sorter adds no value unles we are at max. It's a bounce massive whammy of pure cash profit when we can get back to max. We've weathered the storm and can print some serious coin over the rest of 2020