Serabi Gold Share Discussion Threads

[tightfist] 17/7/2024 08:52

FYI, AISC is partially addressed part way through the CRUX interview, when MH engages in some IMHO fanciful mid-term projections - vintage Mike! As he says, the costs included in current AISC are well beyond "Sustaining".....

[kennyp52] 17/7/2024 08:51

License progressing .. if this new approval is one of the final steps to full license then that doubt will disappear. Hodgson is not making it clear at what stage in the process we are which is pathetic frankly leaving shareholders in the dark. Might phone him and ask . Steady if not spectacular production but with gold price rising again this should move up .

[tightfist] 17/7/2024 08:47

Agreed, the Coringa mine is rapidly becoming an excellent resource. We have another 2.5 years left for the Brazilian bureaucratic mine licensing wheels to turn...... I am hopeful there will be some further interim progress steps...... wait and see!

[goldgeezer] 17/7/2024 08:31

Agreed. Coringa is a great resource but not an asset without a license. The full license hasn't been secured for many years. When the trial license expires SRB, isn't an ongoing concern.

[bsg] 17/7/2024 08:26

AISC is only mentioned in the glossary!

[tightfist] 17/7/2024 08:25

We all have our own perspectives. Whilst I have grown tired of MH's uber-enthusiasm, ".....survival remains on thin ice" is not the way I would describe the situation either.

[goldgeezer] 17/7/2024 07:21

Ongoing operations are so so. The existential threat remains a major concern with the nonchalant mention of no further progress with the main license, or the trial license increase smoke screen. Until a viable business is firmed up, beyond the end of the existing trial license, SRBs survival remains on thin ice.

[tightfist] 16/7/2024 19:02

Or at least confirm doubling the interim Coringa Ore transport limit to 100ktpa - and line of sight to adequate Palito processing capability......

[millwallfan] 16/7/2024 16:19

Gold responding to various worldwide war and political concerns - come on SRB let’s see some production figures, improved AISC and an upbeat forward forecast. Essential to find some way to quickly progress a positive permanent licence.

[bsg] 12/7/2024 09:07

Also their AISC is on the high side.

[rachael777] 12/7/2024 09:06

If they hadn’t disappointed so many times in the past on actually digging the stuff out of the ground then this would be flying. It should be a formality for production in second quarter to be at least 9500 - anything less from next weeks numbers and we will see the share price in the 50s again.

[tightfist] 11/7/2024 22:48

MFW: This scenario seems rational, and happens repeatedly...... My read is that in a strong gold market, Gold Bugs sell-down microcaps eg Serabi, and reallocate capital to more liquid, higher cap Gold Stocks. Then rinse, and repeat! We need those SRB H1/Q2 numbers out, then the H1 financials - and some of the longer term developments, eg PEA. I suspect the full licence will take longer.....

[millwallfan] 11/7/2024 17:21

Well there you go - $2420 ! And our share price goes down - you couldn’t make it up. We need some news asap to stop this drift. Make some offers to the indigenous peoples to improve their lives in a deal to secure a permanent licence.

[millwallfan] 07/7/2024 19:26

Most analysts expecting gold to rise above $2,400 this week and short term before a re-trace. Let’s hope Serabi have forward sold for as long as possible !

[trader465] 05/7/2024 06:31

I got a few RSG the other day, the muppets running this show should watch and learn a thing or two about running a mine form this man 9:56

“I was onsite 50% of my time for a year, you’ve got to be there, you got to roll your sleeves up and get your fingernails dirty. You can’t sit back and conduct, you’ve really got to get involved and show and demonstrate how to do things”

[millwallfan] 03/7/2024 16:06

Surely with the current strength of gold an interim trading update on volumes and average POG on sales might be helpful at this juncture. For me the biggest concern is still the full licence issue - surety on this, increased and increasing volumes and a sustained POG in the $2200_2400 range would undoubtedly push us past the magical £1.

[tightfist] 01/7/2024 09:53

H1 financials on 31 August last year

[trader465] 01/7/2024 09:34

When are half year financials due?

[millwallfan] 28/6/2024 10:11

Gold on the move again!

[millwallfan] 25/6/2024 09:51

Well we have seen already a triple bagger in less than one year - I’ll be very happy if we do that again (£2+) within the next 12 months - then I’m out for good and enjoying my retirement 😂

[stevea171] 23/6/2024 14:20

Blast from the past:
"My best return ever was on Norseman Gold where I enjoyed a 35 bagging, thanks to a massive rise in the price of gold, so that the company which was making $50/oz suddenly was making $800/oz."

This may sound impossible but volume and margin improvement is coming to Serabi along with gold moving much higher. We forget what happened in previous gold bull markets to Junior miners and explorers. Serabi needs to seriously get volume up, AISC down and the gold price will take care of itself ....

[kennyp52] 19/6/2024 23:42

Better off asking when they will be the 100,000 ounce producer they put out into the market many moons ago ?

[loganair] 18/6/2024 17:23

One of the things I really appreciate about Serabi is how they reply to any question I may ask with in 24 hours....



My e-mail to Serabi:

Many thanks for your previous replies, another quick question if I may.

"All-In Sustaining Cost for the three- month period to March 2024 of $1,859 per ounce (Q1-2023: $1,516 per ounce)."

4 years ago Serabi said that their AISC would fall below $1,000 and yet quarter on quarter on quarter it continues to rise to what is now a ridiculously high level.

As a long suffering share holder in Serabi I would appreciate knowing the reason why the massive jump in the companies AISC for the three month period to March 2024, why is continues to rise and when Serabi expects the AISC to start to fall towards the promised $1,000 level?

At the current price of gold, Serabi should now be throwing off cash as though it was confetti.



Serabi's reply:


Thank you for your enquiry. We have noted already in news releases three aspects that are affecting short term AISC.

Firstly lower than anticipated grades from Palito whilst we mine a geologically complex area. This means that for a fixed cost we have not achieved the ounces we hoped and this drives a higher unit production cost as a result.

Secondly at Coringa we are still in a strong development phase as we build an inventory of stoping blocks to secure long term production. In the short term we are producing relatively higher levels of non ore bearing waste material than would be the case once the mine is in steady state. Again therefore for the same overall cost the number of ounces being produced are lower than will be the case in the medium term.

Finally of course we are still in the process of installing the ore sorter at Coringa. We are only transporting the highest grade ore and stockpiling lower grade material. With the ore sorter operational we will be able to beneficiate this stockpile and transport and process ore in the stockpile proving a boost in production with limited incremental cost which will positively impact AISC.

Overall the Coringa project will bring down AISC but in the short term it should be remembered that it is still in ramp up.

I hope this allays your concerns.

[sspurt] 17/6/2024 14:30

PH upgrades TP to 120p from 105p this morning

[tightfist] 17/6/2024 08:18

Kenny: I noted this statement last week: "Whilst we are still working through the process of receiving the Installation Licence, we are also pursuing a doubling of the capacity of the current GU trial mining licence in parallel. Based on the test results, an increased limit of 100,000 tonne per annum of transported ore could be equivalent to approximately 200,000 tonnes of ore extracted from the mine, which is more than adequate to allow us to realise our 2025 production plans from a mining license perspective..That initiative and some pre-crushing of stockpile ore was potential upside. Keep the faith, but NIAI, tightfist