Disappointing 1st qtr production of 4,985 ozs of gold, due to delays receiving new equipment from a manufacturer and problems with existing equipment have now been resolved. Management re-iterated their production target for this financial year to be 40k ozs. @ a cost of less than $400 oz, thereby leaving much potential upside to the current 17.75p sp for this �25m cap co. Add in $18m of cash, a forward pe of 4 (house broker) and positive cashflow, it appears to be an attractive addition to a mining portfolio.
2517

yeah HER was easy money for me ravy.I went to sell them and saw your negative comment so kept them for another 30% cheers.

mnamreh.

Decided to cash a small profit, they are not chasing it so reckon i can make
more money with the funds elsewhere given how hot the sector is at the moment.

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Well it was exactly a month i held these to make 300 on a 1700 investment,
sounds good but not where some mining stocks are going through the roof, that
money could have quadrupled trading in ther right places but a profit is a profit.

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Good news this morning - at last

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I'm still in and loving it.,.

actually in the money now, so keep climbing, perhaps those extra shares will pay for them selves now.,.

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making good progress with good news coming, in the money now.,.

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Hey check this link out, found an interesting interview with Serabi Gold.

It's well worth a click:

http://www.brrmedia.co.uk/event/98072/michael-hodgson-chief-executive