Member Info for MoreThanMe

Completely agree, pullbacks have been aggressively brought into here and there seems to be an endless supply of people wanting to buy the moment the stock drops to 28-29p, the moment the stock starts to break out, we will see the FOMO start to kick in as the pressure builds.

Great consolidation today, strong support at 28 held strong today and a higher support level at 30 seems to have formed. With a little luck, we may not see sub-30p again.

https://www.momentum-trading.co.uk/single-post/2020/04/22/The-Race-Toward-the-Antibody-Test-Kits---Part-2

It is part 2 and was just posted

With the current market conditions, quarentine, oil prices going negative, rent arrears ect, who is going to be buying luxury goods or buying a new car anytime soon? A bear market is upon us and how long it will last no one knows.

Where else better to invest than a company like odx solving the issues of utmost importance that we all face.

Considering the broader sell off today and seeing the chaos in oil prices, I am impressed by how well this has held up today. The way I look at it, any share that finishes not in the negative today has done well. NCYT, ODX, SNG, TILS, SAR, YGEN all negative; GDR positive and slowly plodding upwards!

Thanks for posting this, hadn't seen this yet. Very informative of how things are on the ground up in Alva.

Top risers page two days in a row. I wonder if we can make it a 3rd day on monday?

Yeah, I feel lucky having got in the other day, can't image who would sell this right now, you would want to see whats brewing first

Very interesting, glad I brought in here. Exciting potential here!

Brought in here again for a price of 28p. Looks solid, with good value from the Allergy side of the business, the downside vs potential upside looks extremely promising here with C19.

With Oryx selling down their stake, this is a golden opportunity to get into this share IMO. Looking to hold this share very tightly!

Top up for me as well, looks very interesting and promising

I think we should be higher as well, but we are up 50% from last week, so profit taking is to be expected by those lucky individuals that brought in last week on the uncertainty. Excited to see where Serabi end up at the end of the year, with a potential gold price tailwind things could look very bright.

Great RNS today, the ore sorter is providing great results. Interview released as well with the RNS:

https://www.youtube.com/watch?v=aUzyrvymZQU&feature=youtu.be

Consistent 40k Oz producer with guidance of 46k Oz this year, with the recent implementation of an ore sorter that removes waste rock (granite). Current AISC of $1100 with the ore sorter reducing this to $1000-1050.

Lots of eploration oppertunity not priced in e.g. athe Cinderella anomaly.

Serabi also has Coringa; a brownfield site that it brought for $25m that it is developing into a 38k Oz mine, which will bring the AISC down to $900.

Serabi has great potential to become an 80-100k producer in the future. One o the big draws to serabi for me, is that it is not highly leveraged and has very dedicated institution Al investors backing it.

Add to that the BRL has devalued against the dolar this year from 4.02 at the start of 2020 to 4.65 currently. And also that the price of oil has dropped dramatically. So not only do we have a higher gold price, but the chance to lower the AISC and increase margins on every Oz that comes out of the ground.

Definitely a great update, with only 40% of the drilling completed so far, we have more news flow to look forward to.

Really looking forward to the new mineral resource estimate later in the year. Increasing the provable resource size will help the company to be valued more favorably in the market.

There is a lot to like here. 2020 is a very promising year for Serabi with a lot of news to look forward to; with the ore sorter, Palito exporation, Coringa permissions/financing and of course where the gold price will end.

Agree, positive results. Looking forward to updates regarding Coringa

Build capex of $24.7m (inc. 20% contingency) to bring Coringa online producing 38,000 oz at an AISC of $852/oz (Base Case). Because they have built a mine that is almost a carbon copy of Coringa before the CEO believes that a good portion of the 20% contingency in the build capex will likely not be needed.

The company is looking to borrow the money for the project and has existing relationships with lenders, such as Sprott that Serabi has repaid in the past with money from free cash flow. With the current POG and Serabi's consitency in production, I am confident this capex will be funded without shareholder dilution.

Subject to permits, the company will start construction at the end of Q2 2020, with first gold production 9 months later. This gives Serabi a good window to build up some cash reserves before the start of the build, which would reduce the amount they need to borrow.

I agree, very happy to be holding as well.

Great solid update, looking forward to seeing the company progress over the next 2 years.