Serabi Gold Share Discussion Threads

[borisjohnsonshair] 03/9/2020 12:03

...sat at home

[borisjohnsonshair] 03/9/2020 11:58

It's a "crux clips". Old news. I'm glad to be honest as I'd like something more Co Crete re license. It's supposed to be end of Q2, then latest from MH was re Zoom meeting. Now what nothing. I got the impression zoom by the end on the month which was a few days ago. Coringa fu ding is dead easy - equinox can be paid off with cash and then future cash mixed, if necessary, with CL for the mine development. The license therefore means a certain extra 38,000 extra ounces a year. It's massive news - doubles the value of SRB, which I think is way under priced without Coringa - so 400p. But where the hell is it. Are the authorities, working from home or just say at home!!!

[tiger60] 03/9/2020 11:51

I think it is an old one - just a selective clip from a longer interview done in mid August

[tightfist] 03/9/2020 11:46

I believe it was new yesterday, dated 2nd September?

[borisjohnsonshair] 03/9/2020 11:44

Was that interview yday or an extract from the one a few weeks ago?

[tightfist] 03/9/2020 10:26

Here is a link to yesterday's Crux interview with FD Clive Line regarding the funding and de-risking of Coringa implementation...He foresees some stand-by use of the Greenstone CLN funding to progress early development, whilst debt funding is put in place at a realistic cost, after Equinox have finally been paid-off out of cash flow:hTTps://www.youtube.com/watch?v=wUu872X_ciw&pp=wgIECgIIAQ%3D%3D&feature=push-sd&attr_tag=Tc5w2gc02WKHWaVG%3A6.Happy listening! tightfist

[stan72] 03/9/2020 10:17

Wow, trader###, are you still here? Are you not embarrassed? You keep making a fool of yourself over and over again. Maybe you should take some time out and educate yourself.

[trader536] 03/9/2020 09:40

3997865 cases in Brazil, 4 million will be hit tomorrow...


Looking weak here today lots of sells on the order book

[kennyp52] 03/9/2020 08:24

Gold price tightening with risk on money going into US shares being pumped (ready for the next crash ??) leading to other worldwide stocks improving. Plus Covid numbers not coming down. Frustrating that true value of this share is taking time to realise . Need some good news filtering out .
Failing that then ramp it as a takeover target 😂

[tightfist] 03/9/2020 08:07

From the latest Nexa AR "Our strategic aspiration is to be globally perceived as a smart and reliable company, which grows with a focus on zinc and copper mining in the Americas". If SRB confirm in due course large Cu deposits then OK, a major partner maybe, but surely this would take considerable time? The existing Nexa tenements are some distance to the E and S of SRB..I more minded towards Anglo American and that teaser of an isolated large tenement shown (on Eldorado map 1-18) immediately adjacent and on-trend to the NW of Sao Chico. However, as a potential partner, I stand-by my comments the other day about the sharp contrast in size and focus of the SRB and AA businesses - unless there becomes a complementary Au vs Base Metal activity..Cheers, tightfist

[sherry35] 02/9/2020 16:27

Nexa Resources could be another company looking to a farm-in with SRB. Though they are base metals company with a LTM revenue of $1.9B US for 2Q20, 2% of the revenue comes from the pesky Au metal. Ses slide 16. Their mineral permits are not far away from SRB's.



This could be another potential suitor of SRB.

[stan72] 02/9/2020 16:07

Higher highs and higher lows - correct. The push through resistance was with good volume. There's a nice trend forming from the lows in July in the mid 70s. Considering that gold has been trading sideways for a few weeks now, SRB is performing well.

[ianpuddifoot] 02/9/2020 16:02

Boris think that is conservative

[trader536] 02/9/2020 15:41

One wonders when the mine will close, they must be running short of supplies.

[trader536] 02/9/2020 15:39

Covid cases in Brazil now top 3.95 million....

[trader536] 02/9/2020 15:27

GRL up 12% way outperforming this dog again

[borisjohnsonshair] 02/9/2020 14:03

Why do you think that. Higher highs and higher lows. It's heading to 250p

[bsg] 02/9/2020 13:54

More chancing their arm it's going under a pound again.

[ppvn] 02/9/2020 12:18

Hiya Tightfist!

Yes, there have been a few moments where Mike has alluded to the plant being expanded at some point; I just wonder if they'll use the existing plant to increase capacity at Palito and just put a new one at Sao Chico. The thought of moving the Coringa plant to SC hadn't really occurred to me but that could be possible I guess! Believe under a preliminary license they'd be able to mine up to 50k tpa so the coringa plant (750tpd from memory) would have way too much capacity initially.

Definitely exciting times and can't wait to see how it pans out. The anomalies at sao chico are very interesting.

[borisjohnsonshair] 02/9/2020 11:01

6% spread......we have a stand off