Serabi Gold Share Discussion Threads

[kennyp52] 28/8/2020 09:49

I reckon Boris 👍

[borisjohnsonshair] 28/8/2020 09:48

Yes, let stick to this thread......Kenny.

[kennyp52] 28/8/2020 09:47

Linz22 ... proper thread is available and decent ... trader536 has turned this one into a troll thread

[kennyp52] 28/8/2020 09:45

Comments today trader536 ? Huh ? I suppose it will be down by the end of the day ? Nice 9% soo far and I think you will find still -plenty of upside once Covid diminishes . Must do better trader536 ... you keep backing losers and deramping winners .

[borisjohnsonshair] 28/8/2020 09:30

I agree but also consider the Covid thing still on peoples minds. Its been masterfully handled by the management however. If the fair price is 150p pre-license approval but with the Covid risk gone, perhaps it will creep up over the coming weeks as the infection rates collapse.

[ppvn] 28/8/2020 09:27

Maybe whoever was selling has finally exhausted their stock. Its been truly frustrating that basically all trades have been buys for weeks and yet the share price hasn't moved up. This has to be one of the most undervalued gold miners I can find; about time we got above a pound (and well above...). Thought it would have happened weeks ago.

[borisjohnsonshair] 28/8/2020 09:22

License???? Anyone in Brazil or able to read the local lingo Environmental site?

[bsg] 28/8/2020 09:20

Looks like the MM's want to play today.

[saucepan] 28/8/2020 09:15

Interesting price move.

[borisjohnsonshair] 28/8/2020 09:04

Thanks pal - I'm fit as a fiddle for an old boy. Still don't fancy flying with Covid.

[imastu pidgitaswell] 28/8/2020 08:52

It does seem to very tightly held right now - ticking up with weak pm prices.

Boris, switch off and come back in a few months, it will be better for your blood pressure.

[cotton4] 28/8/2020 08:49

IMO it has been a bonus that we haven't got the Coringa licence yet. Had we got it earlier on in the year, the management would have been looking to raise funds from our Wonga financiers. We are now in the comfortable position of increasing our cash position and reducing our need for these greedy bankers each day that passes.

[borisjohnsonshair] 28/8/2020 08:34

Trying to get a few extra K with holiday cash that I can't use.

[borisjohnsonshair] 28/8/2020 08:26

I'm trying to buy. I can't.

[bspgamer] 28/8/2020 08:22

The Empire Strikes Back according to @TMSreachhttps://total-market-solutions.com/2020/08/21/empire-metals_august-2020Check this one out

[linz22] 28/8/2020 08:21

Exactly. This thread has been rendered unreadable, to all but two posters it seems...

[borisjohnsonshair] 28/8/2020 07:58

On subject of dividends. When Coringa at 38,000 the FCF will be US$70M annually assuming $850 / ounce after AISC and 86,000 output total. They could easily issue a 25% dividend based on today's share price. The share price won't stay at these levels however the dividend for shares brought lower than 100p will still represent this level of yield. HAPPY DAYS. The future is sooo bright. The above ignores the mega game changing exploration. SRB a US$1B company = £13.2 share price. My previous estimates of 500p are too cautious.

[borisjohnsonshair] 28/8/2020 07:52

SRB does exactly what it says in the tin. If Covid holds up license and the mega exploration another 2 quarters they'll have enough cash in the bank to give a dividend. Say 3% thank you - US$2M. By June 2021 I'd rather have the license without use of CL and self funding of mine development than dividend, however, if all held up they could share some of the cash as they'll have over US$20M

[borisjohnsonshair] 28/8/2020 07:15

It'll be interesting to see if production has increased in Q3, as hoped. Upper of 8,500-9000 will be great as they hope full capacity in Q4. We are 2/3 through Q3 so prob another US$2.5-3M in the bank. Covid in Brazil on clear downward trajectory with active cases down from 800,000 to 700,000 over past 20 days and infection rates back to early June levels. Hopefully Sept will see an acceleration of improvement with all metrics. Imagine Q3 report - US$15M in bank, full production, hence ore sorter working its magic, AISC US$1,100, plus Coringa license in the bag!!! $$$$$ 150p min, could bounce to 200p. Should do. It's real and will happen unless unexpected bad news.

[tightfist] 28/8/2020 06:55

Hi PPVN,.Also bear in mind that the Ore Sorter has been idle for the last 5? months with the constrained supply of RoM ore being fed directly into the mill, in order to extract the most Au..Another reason why grade should soon increase substantially. tightfist

[sherry35] 27/8/2020 20:47

PPVN - Make it so.

[ppvn] 27/8/2020 20:25

Bojo; it should be more than $24mm annualised. YTD their AISC has been around $1250 and the realised gold price for the 6 months to June was around $1650 - aisc will fall due to them not having low grade material from the large amount of mine development they did in q2 and the realised gold price will increase as its a lot higher now. I think the annual profit of Palito and Sao Chico should come in at just over $30mm...

[meanreverter] 27/8/2020 17:40

Linz22. Agreed. ADVFN should modify its software so that filtered postings do not trigger notifications or clutter the screen with the posters' names, the dates, times, and serial numbers of the postings, and equally useless indications (“filteredR21;) that you have chosen not to read the postings (as you obviously know already). Since there are dozens of useless posters, who each generate dozens of useless posts a day, pages get generated in profusion, and ADVFN's users are burdened with much unnecessary clicking.