Serabi Gold Share Discussion Threads

[kennyp52] 14/6/2024 22:17

The license is an interim solution. This is Brazil. Everything takes time . The fact it was issued in the first place is a statement of intent and I would be very surprised if SRB will not be mining Coringa for many years to come . You are just scaremongering geezer imho . The market tries to factor in risk .. if this is removed then the share price will likely multi bag and if you are out when that happens then you have lost the bet 🤷‍a94;️

[goldgeezer] 14/6/2024 10:51

No. I've been intermittently commenting on Serabi on the LSE BB over many months. Having been on the sidelines I've decided not to invest until the full license is secured. Until news of this is official I see no reason to reiterate my concerns. I'm sorry if my opinion isn't sugar coated. I wish all invested the best, as the returns will be spectacular, if the good news arrives. For me the risk is too high.

[stevea171] 14/6/2024 10:42

Goldgeezer = Boris?

[goldgeezer] 14/6/2024 09:03

Furthermore and finally, if they successfully double the volume of the trial license they can meet the 2025 targets. Failure to do so means the 2025 targets will be missed and all production stops when the existing trial ends, late 2026.

[goldgeezer] 14/6/2024 08:49

A full license approval would indicate a mutually agreed solution with the indigenous people and environmental agencies. This was stated to be Serabi's intention according to the Chairman's message in the AGM announcement. Increasing production to the mines limits, using an increased trial license, circumvents both these ethical objectives.

[goldgeezer] 14/6/2024 08:43

It appears the full license application has failed, so they wish to double the size of the trial license. I'm skeptical of this being approved, as a trial license is merely a concession to allow mine development through the full license process period. If the increase is rejected, its application would highlight the failure of the full license and could lead to the cancellation of the existing trial license. Regardless, the full asset value of Coringa will not be realized. I find this latest development concerning, not encouraging

[kennyp52] 13/6/2024 22:54

Thanks Metis .. encouraging statement

[metis20] 13/6/2024 12:52

AGM statement:

[rachael777] 13/6/2024 10:43

Anyone here attending the agm this afternoon or are we all just sniping from a distance ?

[kennyp52] 13/6/2024 08:59

News .. Clive Line is sipping his Earl Gray is his Surrey conservatory and Mike forgot he was making a transformational report today ! [edit] .. I take it all back !

[trader465] 13/6/2024 08:32

What happened to the expected news?

[rachael777] 12/6/2024 14:05

I am not expecting anything tomorrow although an out of the blue announcement that a permanent licence for coringa has been granted would be most welcome lol. More focused on second quarter production announcement and waiting for the gold price breakout from 2300 to gain traction. This share is an easy hold for now

[bsg] 12/6/2024 13:47

Looks like many expect disappointing news tomorrow.

[goldgeezer] 12/6/2024 12:56

R777, my expectation is based on the Chairman's statement within the notice of AGM date "I look forward to reporting further progress on 13 June". I've reread and it may relate to all matters, however, I interpreted it to be specifically the License. We will see tomorrow ..... good luck.

[rachael777] 12/6/2024 11:17

I doubt there will be anything revealed on Coringa that is new information given we had the interim info end of May.

[goldgeezer] 12/6/2024 08:50

An update on the Coringa License will be issued tomorrow. A "pivotal" issue, so news of progress is required.

[bsg] 10/6/2024 08:02

Lets hope they're keeping a close eye on their AISC.

[phillis] 07/6/2024 19:50

Of course …
Blah di blah..

[kennyp52] 07/6/2024 10:41

Every opening bell in London the gold price is dragged back down 🤷‍a94;️
Political manipulation ??

[loganair] 07/6/2024 10:38

What I've been hearing is that the Smart Money is expecting the average price of gold for the year to be around $2,350 to $2,400 which suggests the price of gold in the second half of 2024 will be higher then for the first half of the year.

[trader465] 07/6/2024 09:11

And there's the expected 70p break out

[loganair] 05/6/2024 09:19

First quarter 2024 earnings released: EPS: US$0.048 (vs US$0.019 in 1Q 2023)

First quarter 2024 results:

EPS: US$0.048 (up from US$0.019 in 1Q 2023).
Revenue: US$20.2m (up 51% from 1Q 2023).
Net income: US$3.64m (up 148% from 1Q 2023).

Profit margin: 18% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue.

Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in the United Kingdom.

Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has remained flat, which means it is well ahead of earnings.

[tightfist] 04/6/2024 10:27

A good reminder. Somewhere recently there was a brief reference to a potential further Ball Mill at Palito, in due course. I expect the the Coringa full licensing and full process plant aspects will play out first

[loganair] 04/6/2024 09:09

This is what MH said mid April:


2025 - Mid to high 40's thousand oz gold producer.
2026 - 60koz, then 70koz a year later.

All paid for out of profits, out of Free Cash Flow, not out of debt.

Serabi will need another plant even after the new ore sorter becomes operational to get the company to 60koz/70koz.

Looking for a replacement for Vale - this time being more interested in Gold rather than just Copper as Vale was.