Serabi Gold Share Discussion Threads

[borisjohnsonshair] 30/11/2023 08:31

600p by 2026, you heard it here first, way back

[borisjohnsonshair] 30/11/2023 08:31

Did you assume they were daft enough to spend USD25M on an unlicensed mine, then develope an unlicensed mine, then buy an ore sorter for an unlicensed line. Would a team this daft ultimately not get a license???? Commie govt now in place. All looking really good.

[borisjohnsonshair] 30/11/2023 08:29

If they get the license

[borisjohnsonshair] 30/11/2023 08:28

Yes, they've already brought it with a legal objection, spent a fortune developing it, purchased an ore sorter and extracting 25% of production under questionable trial license that expires very soon. It's all genius. How will Q2-Q4 2024 look if Coringa mothballed? Guidance 25,000 ounces.

[loganair] 30/11/2023 08:25

If everything stays the same, this time next year Serabi will have sufficient cash in the bank to fully fund Coringa with no need to raise any further debt.

One never knows, in 2025 Serabi maybe in a position to start paying a dividend.

[borisjohnsonshair] 30/11/2023 07:58

Omg the eternal optimist is now a party pooper. Why are comments so based on people's bad trades. Clearly Golden P sold out and Trader averaged down.

[golden prospect] 30/11/2023 07:57

T465, it's fortunate that the gold price has recently pushed higher given ytd AISC @ $1553oz. Perhaps when a growth plan comes to fruition the "Well done" may fit.

[lisat3] 30/11/2023 07:55

Totally agree 465...

(￣ー5507;)

[borisjohnsonshair] 30/11/2023 07:54

Great results. Bravo Serabi Team

[borisjohnsonshair] 30/11/2023 07:53

It's a shame you need it spelt out to you. That's why you'll never make good decisions. It's too late when morons like you can read the good news. Master investors like me can interpret the market, operations and potential. Watch and learn!!!

[trader465] 30/11/2023 07:19

Perhaps now is the time for a “well done Serabi”


Financial Highlights
-- Gold production for the third quarter of 8,738 ounces (2022: 8,541
ounces) for total production for the year to date of 25,262 ounces (2022:
24,021 ounces).

-- Cash held at 30 September 2023 of US$15.4 million (31 December 2022:
US$7.2 million).

-- EBITDA for the nine-month period of US$8.79 million (2022: US$5.9
million).

-- Post tax profit for the nine month period of US$4.62 million (2022: loss
US$0.9 million),

-- Profit per share of 6.10 cents compared with a loss per share of 1.15
cents for the same nine month period of 2022.

-- Net cash inflow from operations for the nine-month period (after mine
development expenditure of US$2.6 million) of US$10.7 million (2022:
US$0.01 million inflow).

-- Average gold price of US$1,940 per ounce received on gold sales during
the nine month period (2022: US$1,810).

-- Cash Cost for the nine-month period to 30 September 2023 of US$1,253 per
ounce (nine months 2022 : US$1,353 per ounce) representing an seven
percent improvement compared to the same period of 2022.

-- All-In Sustaining Cost for the nine-month period to 30 September 2023 of
US$1,553 per ounce (nine months 2022 : US$1,662 per ounce) represents a
seven percent improvement compared to the same period of 2022.

[ppvn] 29/11/2023 15:39

I was pleased with yesterday's news. A 3.5km copper anomaly is now exciting - given the Vale partnership.

Gold being helpful (which I suspect is what is moving the price) but further news on copper will of course be very exciting - though don't expect many will notice! Interesting too that Premier are selling down - but then given liquidity its not a great surprise and is reassuring that despite their sales the price is still pretty stable (but still in the toilet!).

Copper supply is expected to remain constrained for the coming years so anything really could happen.

We need the Coringa license first though before any big or sustained upward pushes.

[trader465] 29/11/2023 14:25

600p by Christmas 🤪

[bsg] 29/11/2023 14:03

LOL, it's probably not going to hold onto these gains this week.

[borisjohnsonshair] 29/11/2023 14:02

Yes, could easily close above 100p this week

[farrugia] 29/11/2023 11:31

price rockets? its still very much in the toilet!

[tightfist] 29/11/2023 10:58

Looks like a Flag Chart Formation on the make to me:
.

[borisjohnsonshair] 29/11/2023 10:57

Yep - I've crunched the numbers again as some macro issues have changed. Algorithm now says 612.45p

[trader465] 29/11/2023 10:49

We know, Boris has been telling us this is going to 600p for 5 years 🤷‍a94;️

[gkace] 29/11/2023 10:31

This is going well above 40p. Snooze and you lose.

[sherry35] 28/11/2023 21:36

If "Geochemistry from soil sampling around the Palito complex has been successful over the years" why is the resource calculation stagnating?

Oh yawn ... another useless RNS.

[sherry35] 28/11/2023 21:32

Isn't there free capacity right now at Palito?

[loganair] 28/11/2023 18:07

Sao Chico was producing nearly 25,000oz gold during 2022 before its operations were suspended.