Serabi Gold Share Discussion Threads

[borisjohnsonshair] 03/3/2021 08:16

It's not complicated - additional output but shared ops expenses of Palito cut the average. The combined at 100k is $900. Imagine 100,000 & US$1,100 FCF.

[tightfist] 02/3/2021 21:41

Buying a 38kOzpa mine with an initial life of 9 years and a predicted AISC $852 (PEA 6.9.2019) for $37m total outlay cost (including contingency) sounds pretty fair to me!....

[sherry35] 02/3/2021 17:05

Now we wait for the insider filings. Greenstone is one. Maybe Sprott has hopped on board? Anglo American?

I wonder where some of the proceeds will be used. To do a farm-in on Anglo permits pinching SD.

[sherry35] 02/3/2021 17:00

Who on this board took part in the retail investor portion of this 1 day PP? Someone predicted today's news release - did they know about the PP in advance of the first PR?

[ironstorm] 02/3/2021 16:54

Feels like a jam tomorrow company now. I thought they were going to break out of that. No! Increases of production and reduction in AISC pushed back.

Great white hope is exploration success and getting free carry with a major.

Anyhow the money raised, a lot of it with loads of dilution, keeps the game going for a while.

Real point is whether MH is up to it. Letting the share price get to this point before raising (emergency fund raise) is school boy error.

He did look after his mates. Not anyone on this thread tho - we were all shafted - shame as there was lot of support - tho not from me. Now have to hope there is something real in the exploration.

[tightfist] 02/3/2021 15:44

I expect investors wanted access to the highly leveraged 1:2 Warrants - at least, that would be the attraction for me. Then sell the shares on ASAP.

[imastu pidgitaswell] 02/3/2021 12:04

For me that was a positive. Cheeky, detrimental to smaller shareholders, but positive to see significant interest at that price. Ergo happy to add the right amount to avoid dilution.

This is one of the long term holds. Well, some of it anyway...

😎

[tiger60] 02/3/2021 12:01

Really surprised that got any interest on Primary Bid as the discount was so small and the news was bound to drag down the share price

[gregpeck7] 02/3/2021 11:04

Such poor delivery here. Had good returns in the past but current mgmt are just all spin no delivery. More dilution. Coringa still nowhere near. Wtf are the my doing all day..

[tightfist] 02/3/2021 10:40

Hi Cotton; one gets the sense they have had a good sniff of opportunity; MH is certainly no slouch - just look at the speed with which they have pursued early drilling at Toucano. They have been talking for a couple of months about 32,000m of drilling in 2021; the $5m budget is recent news?.Cheers, tightfist

[tightfist] 02/3/2021 10:24

IMO a great top-up opportunity; that late-reported 40k trade at 08:30 is to be thanked!

[cotton4] 02/3/2021 10:08

The question for me is, with drilling ongoing, do they have early indications of what is there, hence the urgency to enhance the drilling program. Historically, exploration expenditure was lower down the ladder as a priority.

[cotton4] 02/3/2021 09:57

The emphasis has changed from being a producing miner to an exploration company, at least until Coringa comes on stream.
IMO, the change has been spurred by the recent exploration results. They need to see the scale of what lies below.
The grades at Toucano were exceptional and Calico looks to be better than Palito.
Therein lies the credibility of MH, especially as a geologist.

[borisjohnsonshair] 02/3/2021 09:53

I missed SRB. Glad to be back in with the added financial stability and almost double the shares, just before take off. Happy days

[borisjohnsonshair] 02/3/2021 09:45

MCAP £43M. They'll have US$17M + US$8M. 35,000 x say US$450 FCF from Palito = US$15.75M annually. Coringa owned with NAV US$76M ...... plus exploration. MADNESS!!!!!

[borisjohnsonshair] 02/3/2021 09:37

You buying in or selling out???

[plat hunter] 02/3/2021 09:34

Cutting my losses at 86p looking inspired now

[borisjohnsonshair] 02/3/2021 09:27

As output increases the AISC will get back to US$1,100, with ore sorter US$1,000, with Coringa US$900. It's not an issue. We've got loads of cash now and will be generating a very healthy additional flow.

[cotton4] 02/3/2021 09:23

Gold higher than this time last year and were not selling the stuff in the ground today.

[borisjohnsonshair] 02/3/2021 09:21

Gold to rocket in 2022.

[bsg] 02/3/2021 09:13

BJH, slight snag to that theory is gold is tanking.

[imastu pidgitaswell] 02/3/2021 08:43

Added around 25% (same as new issue volumes).

[tiger60] 02/3/2021 08:42

'With the all-important Preliminary Licence for Coringa awarded in October 2020, good progress is being made on the submissions required for the Installation Licence and with a trial mining licence in place to allow mine development, we will commence development of the underground mine this year. This will improve the project, hopefully allow better optimisation of mine planning, and put us in a good position to seek attractive debt financing terms to continue the development and construction of the project.

It is also very pleasing that the Company now has the financing to advance some of the best of numerous exploration opportunities that exist in close proximity to both Palito and Sao Chico orebodies and I feel confident that over the next couple of years these exploration prospects will generate some significant resource growth for the Company.'