Serabi Gold Share Discussion Threads

[tom111] 29/9/2020 14:39

Gold on the move again heading towards $1900,all helps

[ppvn] 29/9/2020 14:12

Thanks for that tightfist, yep think expanding the camp wouldn't be too expensive! Believe that the mining wages are negotiated at a semi-national level by the union collective in Brazil but can't recall where I read that.

Exploration imo is the big issue Bojo. If they prove up the pit(s) take a guess what the market cap would be. Some small tiddlers with zero cashflow (rather, negative a few mill every year) on aim find a pit a fraction of the size of the ones serabi might have and they are 10x the cap we are...

[borisjohnsonshair] 29/9/2020 13:36

Waffle. Focus on the big issue.

[tightfist] 29/9/2020 13:11

Hi PPVN,.The camp expansion cost speculated by CL seemed very modest - low 6-figures IIRC; as you say, money well spent!.I hadn't in mind an annual rise, more the costs of supporting miners on-board but off-site - there was fleeting mention of government support but that's a while back. The BRL vs USD averages dead-flat over the last two quarters, after the dramatic circa 16% weakening versus Q1 average..Onwards and upwards, tightfist

[tightfist] 29/9/2020 13:01

Less is More - personally I am always wary if I review a BB and find it inhabited by a Permabull.....

[borisjohnsonshair] 29/9/2020 12:08

Price seems too low but I'm a stuck record

[qs99] 29/9/2020 12:01

Looking forward to next update. Should be making more hay and working timeline to new development. Nice combo IMO as long as the final approvals don't take yonks

[gregpeck7] 29/9/2020 11:51

Sorry for off topic. Out of interest any of you chaps noticed ccz? Only just ipo'd but incredible drilling results so far and looks like they have found gold now as well ( while drilling for copper ) prospects in Australia look particularly good....Not on many radars as only just listed so thought I would put it out there...

[ppvn] 29/9/2020 11:47

Improved a lot bojo. Gold price should average about $300 more per ounce and costs should have fallen. So feasibly I'd hope for at least $7mm fcf in q3, hopefully $8mm.

[borisjohnsonshair] 29/9/2020 11:40

Q2 cleared US$4M and nearly all parameters have improved.

[ppvn] 29/9/2020 11:36

Ah! Well that would be good tightfist - I was assuming they'd do the usual and follow up production oz with the financials afterwards.

Whilst expanding a camp is extra expense I think its well worth it for all the benefits exploration will bring. And as to labour costs I dont know what the collective negotiations have done this year, but the BRL has certainly weakened a lot so fingers crossed its still a good one!

[tightfist] 29/9/2020 11:29

Hi PPVN, FWIW last year's Q3 was on 14th October..I am thoughtful about the extra expenditures that will arise from expanding the camp and exceptional employment costs, although CL seemed to play them down in his August interview. BRL vs USD looks steady QonQ..In any case the PoG benefits should far outstrip them. Here's hoping, tightfist

[ppvn] 29/9/2020 11:20

Think the financials for q3 will be a little longer than two weeks. We should find out the production ounces, with financials a couple of weeks after. Can reasonably expect the price achieved to be much higher than q2's $1650 though, and then AISC should fall also due to the higher horizontal development (and dilution) that they accounted for in Q2. Will be keen to hear if they've been able to expand the accommodation at site so that their exploration can resume.

[borisjohnsonshair] 29/9/2020 10:17

Bargain bargain bargain. 2022 will be making US$60M FCF.

[borisjohnsonshair] 29/9/2020 09:20

This seems fair to assume as the POG is higher than Q2 and they expect Ted a small increase of output, plus no debt repayment, so cash should be considerably higher, however, do you know anything else on top of this?

[golden prospect] 29/9/2020 09:18

In 2 weeks folks expect to hear about bumper revenues at Serabi. Current share price is a laggard in the sector (20p higher than revalued price 3 yrs ago) but this may soon change.

[borisjohnsonshair] 29/9/2020 09:15

I'll do you 10,000 for 5 quid each?

[cotton4] 29/9/2020 09:12

Lack of stock to buy

[bspgamer] 29/9/2020 08:23

EEE waiting on some news to come through. What price do you put on a 300 hectare licence area, with possible 2.5km strike, historic grades in GGP territory but NEAR SURFACE, and Barrick, Newmont, Saracen all operators around us. People will click but might be too late.

[borisjohnsonshair] 29/9/2020 08:21

I wonder if that ex-Director dumped his option shares to bank the free lolly. Sales yday and 2 x 20k today. Time to rocket?

[backinblack80] 28/9/2020 18:25

Sherry35, most seasoned investors would not expect a good rise on granting of the license. What we now need is a clear realistic believable pathway for monetisation from the company..

[sherry35] 28/9/2020 17:56

As predicted by myself and others, the license was met with a yawn. I predict another 3 months for next license.

To close, SRB closed above 100p. I hope it's a test of support, and the share price moves north again. SBI traded a YUGE 100 shares so far.

[borisjohnsonshair] 28/9/2020 15:12

A little but still daft valuation.

[tom111] 28/9/2020 14:18

Gold shootinbg up as well Trumps tax caused that I guess,looks a loser now