Serabi Gold Share Discussion Threads

[tiger60] 17/4/2024 08:54

‘MH said’ versus MH does are not the same. Time and time again those videos suck people in. Go through them all from years back and try not to laugh.

[bsg] 17/4/2024 08:43

They don't give a toss as they're making a handsome living out of it all.

[borisjohnsonshair] 17/4/2024 08:42

They'll not report that in a production update. It comes with the financials. The increase in FCF is financing exploration - FOR FREE.

[loganair] 17/4/2024 08:40

As per usual, it is what is left out of the update that's most probably more important then what the company put in their update.

[borisjohnsonshair] 17/4/2024 08:39

The production will increase significantly. MH said 9k, 9k, 10k and 10k. I'd imagine Q4 could exceed 10k. Listen to the Crux video.The additional FCF is being used for mine development and brown field exploration. This is a Gold Producer that's self financing a Gold Explorer. By mid 2025 they'll hopefully have a discovery and self finance a third production site. As things stand we could jump from 2026 60k production to 85k without debt or dilution. Watch the video

[tiger60] 17/4/2024 08:35

Not sure investors read the same report as I did. This deserves a red day.

But huge congratulations to the brave that got in at the 20 level. Obviously the gold price had a huge impact and I think the spike on the trial licence extension was mistaken by some as the license SRB have been yearning for for years.

If you pro rata the 9,000 and consider the fourth quarter is a short one then you still need a lot of faith that even lower end of target will be hit.

Is the stagnant cash balance a sign of continuing high AISC or just investment. Expecting a big win there that didn’t come

Going to call a top here but then again I didnt trust the management to get it this far so what do I know. Although as I said more about the gold price than anything they did directly.

[bsg] 17/4/2024 08:33

They haven't reported AISC (it's in the glossary) I reckon that's shot up as they've taken their eye off the ball as gold is so high.

[loganair] 17/4/2024 08:25

Considering the average price of gold is some $120 higher then it was 6 months ago and with more gold being mined, I would have thought the cash currently held would have been a couple of million USD higher then being reported.

[rachael777] 17/4/2024 08:25

A small amount of credibility restored just hitting the low end of output estimates so happy to continue to hold here with gold price at elevated levels - you would be mad not to lol

[borisjohnsonshair] 17/4/2024 08:09

Drop way over done. With Vale deal explained we can rise above and beyond 70p.

[borisjohnsonshair] 17/4/2024 07:42

Total production on guidance and due to jump in Q3. Palito isn't the priority so its performance isn't a concern. They are building a massive pile of gold rubble to sort at the end of Q3/4. This will make profitability skyrocket

[golden prospect] 17/4/2024 07:39

It's disappointing to see the grades at palito as reported in Q4 persist for Q1. Clearly missing the great cashflow, so results are not great.

[borisjohnsonshair] 17/4/2024 07:35

A much more encouraging interview, including details of Vale's exit. A credible plan for 2024 and transformational 2025.

[jj119] 17/4/2024 07:21

Solid results.

[trader465] 17/4/2024 04:43

Q1 production and 2023 financials due in the next couple of weeks

[sherry35] 16/4/2024 22:08

TF - I edited this post. ;)

From the last NR/PR:

"Currently, the large amount of data produced in 2023 continues to be processed and evaluated. Together with a second round of definition drilling the Board expects that this should significantly enhance our understanding of the potential mineral resource at Matilda."

Will SRB being issuing a NI43-101 report detailing all of Vale's exploration results on the Matilda claims? Maybe include some geophysics and 3D models in the report.

[kennyp52] 16/4/2024 21:19

I had Lidl Chicken and bacon pie tonight.. deluxe version .. very nice.

[trader465] 16/4/2024 17:05

Hey Boris petal did you sell a few here in the 60’s last week and add to ALTN 😎

[jj119] 16/4/2024 14:53

I'm wondering whether trader Boris and Kenny might actually secretly like one another . Why don't we all meet up somewhere for a wholesome chat over a pie and a pint ? My treat

[borisjohnsonshair] 16/4/2024 09:13

Good grief - you can't follow the context. The board don't run the business but they employ the senior staff. They employ the people who say that Vale are keen to proceed, then announce they've pulled out. They can replace incompetence that wipes USD15M off the MCAP, destroys credibility and puts a question mark on any of the other important claims coming true 39,000 ounces and a license!! My algorithm doesn't cater for this level of stupid!!

[kennyp52] 15/4/2024 23:16

Ohhh .. the board are no good now ? Boris .. make your mind up . You said 600p is certain . You said your algo was a near certainty .. you say a lot of things don’t you . Gold price the only thing saving this pair of bozo’s asses at the moment.