Serabi Gold Share Discussion Threads

[borisjohnsonshair] 24/2/2021 15:58

I normally trust my own judgement but with SRB, I'm tempted to buy at 79 (based on the 3 year chart) or buy at 90 as they clearly won't be terminally sick. No idea.

[borisjohnsonshair] 24/2/2021 15:55

Alive and SRB curious. Banked my profit but can't believe I was wrong about the potential ..... but does that mean the future. Baffled.

[cotton4] 24/2/2021 15:50

Hi Boris - Nice to see you are still in the land of the living.

[bomber13] 23/2/2021 14:26

I think " frustration " is the word on everyone's lips .

After all , the shareprice is not far away from the 76p conversion price on the Greenstone convertible set in January 2020 when the Brazilian gold price was R6500 per oz versus the current R9700 . Admittedly , COVID and a ball mill mishap have got in the way , and , as Tiger60 suggests , we should all look on 2020 as being a total anomaly .

Exploration is the lifeblood of any mining company , and , so often , the market only looks at the production , the AISC , and the cash flow . But in Serabi's case , this presents itself with the opportunity of a lifetime . Sao Domingos , Calico , Cinderella , North and South of Palito , East and West of Sao Chico etc etc , Serabi is absolutely drowning in transformational targets to take it beyond the underground narrow vein chaser the market perceives it to be .

With Coringa thrown in , and Anglo American on their doorstep , the next two years could indeed be transformational .

[tiger60] 23/2/2021 14:16

Tightfist. I am not as optimistic as you on the “exceeded our budget by quite a bit”. I remember the presentation released at Christmas with 2020 output at 33,000 when a week, or two later, they released qtr 4 2020 figures and production totalled 32,000

Also their guidance is 33,000 - 36,000 for the upcoming year with H1 lagging H2. So it would not take much for January to beat guidance - maybe 3,000? I will await the actual figures.

I was here for the play on gold. Now a lot of experts are doing an about turn on the prospects for gold this year and heralding silver, copper et al. With bond yields rising (based on growth prospects rather than inflation), stronger dollar and record equity markets we are unsurprisingly not the first port of call for new investors or retaining the impatient.

I am now weighing this up. Before I saw gold as the catalyst now I am relying on corporate action or a striking set of exploration results and going down that road of hope is not a genuine investment strategy.

Saying all that something has to give and it is a necessary part of the portfolio but the opportunity cost over the last year of holding has been high.

I worry where all those stimulus checks are going to be heading and whilst markets are bumpy now I see one more hurrah before adding some puts and that is when I am hoping gold will perk up again. As I stated before I would rather the company drove the share price rather than the FX rates and gold as luck only lasts so long

[tightfist] 23/2/2021 11:59

Yes, tiger, a great post. My reading is that we are witnessing a steady dribble of selling by the less patient. When there is so much going on within mining, one can hardly be surprised at folk choosing to deploy their capital elsewhere..Given the positive production tone of the brr media interview on 12th February - January "exceeded our budget by quite a bit" - IMHO I will be disappointed if we only produce 40kOz in 2021, with an H2 exit production rate significantly higher..But we need to see tangible progress - we seem to have heard the aspirational 100kOz message for too long - we need to see solid production increases with the Ore Sorter delivering at Palito and commencement of works at Coringa by Autumn this year..Exploration potential is intriguing but my expectation is that we will see many months of drilling before much is added to the sp; IMO SRB is currently mainly valued as a production entity. But would be delighted to be proven wrong!.All the best, tightfist

[ppvn] 23/2/2021 11:19

Great post Tiger. Particuarly the last paragraph.

Call me stupid but every morning when going through RNS's I half expect some sort of JV with a major announced on some of the tenement. But that could also be wishful thinking on my part!

Hopefully when a few more exploration numbers are available it'll then be a reality.

[tiger60] 23/2/2021 10:58

The costs for the last year were an anomaly. We should be around the 1,000 mark or slightly over going forward. Deep vein mining equals high AISC there is no way around that but increases in the gold price should see leveraged % gains.

Coringa is 2 years off so we can only hope production reverts to 40,000 per annum starting 3rd quarter with a ramp up with the reintroduction of the ore sorter.

The only way AISCs are dropping is when Coringa comes on line and costs reduce due to synergies between the two production points.

The big money is identifying an Open Pit resource (low AISC) and fast tracking it with help from a miner with deeper pockets and more resources.

All investors here know AISC costs are high that comes with the current nature of the mining. That is not the reason for the share price performance. Delivery and a concrete path to realising its potential is the issue.

I am hoping that SRB realise that we need to not just look at accretive M&A but be part of the food chain and look at farm ins or JVs

[bsg] 23/2/2021 09:17

As has been mentioned before the high AISC is holding this back as well.

[tiger60] 23/2/2021 09:11

So the same price now as in Sept 2019. Fair enough we have seen gold dip but the gold ETFs bounced a bit yesterday and today whilst we move lower.

Mgmt call out we are undervalued versus peers but one of the biggest factors is confidence in the management itself to deliver. The market just does not share the same feelings about the roadmap presented.

It is hard as an investor to see the huge potential of a company not being recognised but even with 2,000 gold we never really rerated. It seems only delivery will shift this. The expo results may be great but what impact did it have on the SP?

It is a great feeling investing in a company that seems undervalued and with so much potential but only if eventually others agree. It really is time to step up. MH has been in charge for a long time now and historically failed on forward statements. I must admit he is a good presenter but I rather he be a good manager. Maybe he is both and been unlucky but if you look back over the years it tells a story.

Still holding and I do believe sentiment will change but with gold now under so much pressure from other investment opportunities we are in a bit of a bind.

[tiger60] 22/2/2021 15:15

Gold back over 1800 today. Lets hope this is the start.

[cotton4] 22/2/2021 14:37

Someone will make a killing at the expense of these poor souls. Although not affected, I feel sorry for them. IG shouldn't be able to change the rules so dramatically.

[imastu pidgitaswell] 22/2/2021 13:55

Some discussion last week on this issue - might well be affecting SRB share price (and other small caps) short term:



And some update today.

[tiger60] 22/2/2021 13:44

Well we need some inspiration from somewhere

[tightfist] 21/2/2021 17:59

Inspirational to a Cup-and-Handle follower.....

[plat hunter] 21/2/2021 17:22

Was bored on Friday afternoon so I plotted the bowls on the monthly price chart...Get ready for 2700 gold!!!Https://www.tradingview.com/x/b0JOgkWL

[sherry35] 19/2/2021 15:43

Here's the test to see if the COMEX @#$% cartel will let Au run.

[sherry35] 18/2/2021 19:50

I'm hoping SRB finds some economical mine-able base metals to offset the topsey turbsey POG. Dr. Copper is looking good these days. Having another source of revenue independent of Au would be nice.

[backinblack80] 18/2/2021 00:57

gregpeck7..I think the prospects of this Company are about to turn...and soon. I'm looking for an share price of 3 to 4 quid...I agree with the over promise and under deliver aspect, but expect this to change moving forward. Just my take, though. SRB has been good to me as I've doubled my money, to date...
Plat Hunter, perhaps, you are too emotional and poorly researched?

[gregpeck7] 17/2/2021 21:12

Agree. This really is a prime example of a jam tomorrow company. By the time the finger is pulled out gold could be way lower than it is now. Current mgmt are just not good enough. Over promise and under deliver.

[plat hunter] 17/2/2021 20:42

Indeed tiger...The thing is with margin, you can leverage your profits to increase your position and if enough people are on the trade then the trend becomes self fulfilling.The problem arises when the clearer thinks it has too much risk and thus increases margin requirements or just stops taking buy orders and then the selling becomes self fulling. Gamestop AMC and BTC isn't any different, it'll all end in tears IMO.ARB might have made a lot of people wealthy, IF they manage to walk away with it but at the end of the day, it's still just a company chasing a well marketed hype machine

[kennyp52] 17/2/2021 08:53

Bitcoin ... you can’t see it .. you can “create” it via PC .. you can’t physically pick it up . Cryptos being sold like a ponzi .. is it the next financial deception ? Definitely taking money away from gold but there is a lot of money in the world these days . SRB appear to be waiting for 2,000 POG before they ramp up their production 🤷‍a94;️

[tiger60] 16/2/2021 15:13

When I bought SRB if I had mistyped and put ARB I would be half way to being very rich...I blame my education, should of left early!