Serabi Gold Share Discussion Threads

[tightfist] 08/5/2024 09:21

That Pennant formation is continuing to tighten - good volume on upday yesterday, then today's pull back......

[borisjohnsonshair] 06/5/2024 13:05

Flooding is in the south. SRB is in the north. It's sunny there.

[rachael777] 06/5/2024 12:54

I assume the horrendous floods in Brazil at the moment won’t have any adverse affect on our mining operations or installation/transport of new ore sorter from port to site ?

[trader465] 05/5/2024 03:00

97% lol

35 years in this business and I’ve never seen a professional trader with a 97% hit rate. 97% hit rate is better than Jim Simons, your account must be well into the billions my lover, well done darling, see you tonight xxx

[trader465] 04/5/2024 17:02

What is your win/loss ratio, average win% and average loss% my good friend?

[trader465] 04/5/2024 16:59

I don’t need or try to predict price direction to make money, I just need prices to move either up and down, simple.

My win/loss ratio is 2:1 and my average win is larger than my average loss

[borisjohnsonshair] 04/5/2024 16:04

You said 40p. Now you say a positive breakout to 80p. Maybe one day you'll get something right.

[trader465] 04/5/2024 14:30

Hiya Boris, sorry I’ve not posted in a while darling, I’ve been busy counting my money the last few weeks.

What you think of the SRB chart pennant my lover? Xxx

[borisjohnsonshair] 03/5/2024 16:13

Anyone watch it? You need to be a member. KennyIQ52, you are a total member, could you access it and report to me. Thanks.

[borisjohnsonshair] 30/4/2024 11:40

Can you be focused on that for 5 years, fully??? What about the 180 day extra thing delay. Probably started 270 days ago. Added delay excuse, no update!!! FFS

[millwallfan] 30/4/2024 10:34

The just keep all focus on getting the licence, reducing costs and increasing production- increases shareholder value - retains 100% of the intrinsic value and wards of predators!!!!

[borisjohnsonshair] 29/4/2024 14:43

M&A being mentioned a lot. Re A, they can't afford to acquire, so only being acquired is possible. Greenstone would want a return on their investment. Millions tied up for years, so surely only above a quid. Merger - not exciting, depending on who with. Whether the shares in the new collective business would represent an increase for shareholders, who know. At least we know Greenstone would want one.

[tightfist] 29/4/2024 10:19

Hi PPVN; Yes, there is plenty to like this morning - and we blinked in the same places - 200k in a realistic timeline can only mean M&A IMO. .They did briefly mention a potential new Ball Mill at Palito to expand capacity in the CRUX interview - we need to see that new PEA!.I see they have rolled-over the debt so they must have ideas on how to spend the tsunami of cash coming our way.Coringa process plant, Coringa mine, Palito plant, Exploration - they are not short of options......Thanks

[ppvn] 29/4/2024 10:02

Ha it was that and the div/share buyback that I felt bold! They've lamented the lack of float as being the cause of their valuation for years and now they want to reduce it further! Lol.

Anyway thought all in all not a bad year. Organic cashflow should be used to recommission the plant at coringa and set down another slope there to mine from the other side. Gold is in place they just need to stop banging on about being plant constrained if they expect to get to 200k. A 500tpd plant won't get them there.

[loganair] 29/4/2024 09:42

A very, very bold forecast - "we continue to explore appropriate corporate opportunities to accelerate our objective of transitioning to a 200,000 ounce per year producer over the next few years."

[tightfist] 29/4/2024 09:34

Agreed, that is history. Let's wait and see what the updated Coringa PEA forecasts, based on foreseeable economics & operations

[borisjohnsonshair] 29/4/2024 08:43

Nope, predictions for Coringa were 900, combined 1100 but before mass inflation and that was based on much higher production 80k to 100k.

[loganair] 29/4/2024 08:37

And the very same person said a few years back stated that the AISC would fall below $1,000 in the next couple of years when in reality it rose by nearly $500.

[tightfist] 29/4/2024 08:36

They already have actions in place to reduce the AISC - scaling-up should do no harm..Looking for downsides, I am more thoughtful about the 2024 electricity issues that seems to be new-news? In the short term they are using more diesel, but how robust/timely/durable are the renewables supply/connection plans? Just a thought.

[millwallfan] 29/4/2024 08:36

Just had a quick scan. Average gold price received up by $160. Just look at the current price compared to 2023 average!! Add even a reasonable reduction in AISC and hopefully some increased total production togive a decent indication where this is heading in 2024 results. DYOR

[borisjohnsonshair] 29/4/2024 08:27

Oh boy. Your glass is half empty. MH has already stated AISC will be heading towards USD1400 in Q2 2024.

[loganair] 29/4/2024 08:22

I see there's an increase in the AISC. Currently Serabi is one of the highest cost per oz of the gold miners.