Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Only 75.73m shares are in issue so it only takes a few buys to raise the sp. Probably a rerating soon of £1-30 +. I reckon 2024 will be their year of exciting times. See that today's rise of 9 - 10% is showing no trades so maybe some news soon, or maybe it has been tipped. An interesting bullish news report follows. ..........
PRESS RELEASE 19 DECEMBER 2023
SERABI GOLD plc (“Serabi” or “the Company”)
SERABI GOLD PLC
The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE This document is not intended to and does
t +44 (0)20 7246 6830 f +44 (0)20 7246 6831 e contact@serabigold.com www.serabigold.com not amount to an invitation or inducement to
Registered Office 66 Lincoln’s Inn Fields, London, WC2A 3LH Company Number 5131528 subscribe for shares in Serabi Gold plc
“Additionally, the discovery of new potential porphyry systems at Ganso and Cinderela, in addition to the other
discoveries in the region, are advancing the Tapajos province as an emerging copper province in the north of Brazil,
and Serabi’s land package and quality data puts us in an ideal position to take advantage of this. Mike Hodgson CEO commented.
“We are excited about the positive results we have received from the Matilda prospect and to intersect porphyry
mineralisation in 12 out of 19 holes is a very encouraging indeed. The drilling has continued to expand our geological
understanding of the system.
“We believe that the Matilda prospect is still in its infancy and has much more to deliver. Typically, first stage drilling
into porphyry systems would be in the region of 15,000-20,000 metres, so we are delighted with these results after
just 7,500 metres. The drilling indicates the copper potential remains open along the strike and at depth, especially
because of results received for the recent holes MT-018 and MT-012. Matilda’s geological characterisation as an
Alkalic Porphyry style system helps guide our exploration strategy and suggests that further results can come from
deeper drilling.
Home - Serabi Gold
Share price is up 88%. Certainly broken out now. Heading back to 77 pence on the chart. Going higher and higher.
Up 11% now. Still got a lot further to go. With the worries in the world its not surprising people want gold and in this case the next best thing. A Gold mine. And certainly we have one.
It wants to be in the 50p’s..
Lovely Gold.
Another new one year high. Higher and Higher highs. Always a good sign.
Going much higher. Back to 60 pence and onwards from there. Super profitable outfit now at the current share price. Expect big uptick in profits...
I wouldn't call the cash pile huge for a producing goldie but it's growing day by day and coupled with the lack of debt means the balance sheet is incredibly clean. And against such a low market cap it's certainly significant.
The combination of (i) strong net cash position, (ii) gold above $2050, (iii) great strides forward on sorting Coringa licence, (iv) potential cash injection and new gold mining opportunities from Vale partnership means we really should be seeing the share price at/around the 5 year highs of ~110p.
The company has a huge cash pile and is adding cash by the day.....Great further prospects and totally ignored by the markets...for now....sooner or later the market will have to wake up to the reality....worth 100p plus right now.....and much more going forward....
Easiest way to get into gold is to buy shares in Gold mines. SRB is a good share for continued growth. Looks like it is heading to 60 pence plus.
Strong buy for big gains.
Serabi Snapshot. It has 2 underground 8-10 g/t mines in NE Brazil.
Production currently being lifted from 33k oz pa to 60k oz pa with the development of the second mine.
SP is 43p giving a Mkt Cap of £32 million which means it is massively undervalued.
ST target sp 100p. Six bag in time is possible.
AISC $1553 year to date and falling so cash increasing Q on Q
Net cash of $9 million.
A lot happening with 9 significant RNS's in the last 3 months boosting the sp to a year high.
JV with Vale for exploration of many copper targets on large land package. Vale is 100% funding.
Massive exploration potential for both gold (Serabi) and copper (Vale/Serabi).
Serabi Gold Corporate Presentation Nov 2023:
https://www.serabigold.com/investor-centre/corporate-presentations-technical-reports/
Anybody who has sold will regret it very soon.....This has huge cash reserves which are growing by the day....Obviously worth much more than this....
New 1 year high. Expect it to go higher now. More new highs.
Gold looking very good. Best way to get into gold is buy Gold shares. SRB to rise higher as increase in price goes to the bottom line. Bigger profits a certainty and so a rising share price.. Huge upside.
Gold incredibly strong again. heading back to last month highs
Graph is pointing to quick rise to 60 pence.
From strength to strength.
Heading back to the old price of 60 pence and above. Everyone wants gold.
Obviously they won’t actually hedge that amount but if the hedging from March 2023 to Feb 2024 is anything to go by I’d imagine we’ll see 10000+ ounces hedged between $2000 and $2050.
With two other goldies having hedged at/above $2000/oz now we can start to see just how much the odds of outsized returns here is rising. We've also been informed that production guidance for 2024 is going to be higher than this year's so for an eye opening exercise let's imagine, (i) production for 2024 is 38500 ounces and (ii) all of it is hedged at $2000 through 2024. This would give ~$15m net profit / cash inflow all things being equal next year.
2023 year end cash position will be ~$18m so SRB would end 2024 with ~$33m cash / $28m net cash.
We don't even need to add all the extra ounces from Coringa that'll likely be added from that point or the vastly increased margin that scale with bring to get to a net cash position close to today's market cap...
Perhaps the answer is to slice a small % for trading? Make money on the trades, but If good news hits, you're still in big.
Wish I had the bottle to trade this share, gold go up it rises, gold falls it falls… But with the expectations of that licence grant, I’ll just sit tight and ride the waves ! 🤣
Going up nicely now.
Next resistance 47.5 then gap up to 55 pence.
In recovery mode now. When 55 pence goes its 95 pence.
Good time to be in Gold.
Totally undervalued...Goldprice rising makes this worth in excess of 100p now...and much more in 12 months,in my opinion...