Serabi Gold Share Discussion Threads

[tightfist] 19/10/2020 08:36

Yes, but there is the phrase Term Sheet in the Coringa plan that for me confirms they have contingent focus on increasing debt..Post #348 explored the extension of Sao Chico further west. We now see there are more small players such as BAIP to consolidate along the way, as we grow size. Exciting stuff - but please can we have Q3 production and operational update.......Cheers, tightfist

[borisjohnsonshair] 19/10/2020 08:23

Got it - yes. They don't have any cash issues as can fall back on CL if short for Coringa development. It's acquisition is covered with cash. Only US$7.5M to go and that's in the bank.

[cotton4] 19/10/2020 08:22

Meant burn in the nicest sense. We are able to continue exploration and buy additional
acreage. These are usually low priorities when cash is tight or more importantly when cash is expected to be tight.

[borisjohnsonshair] 19/10/2020 08:18

"Burn" - wisely invest to extend the longevity of production as the biggy is proven. US$1B in the making.

[cotton4] 19/10/2020 08:07

Not the RNS we were wanting but obviously cash to burn.

[borisjohnsonshair] 19/10/2020 08:05

Up on good news. Just all part of the organic growth plan, so nice for the future. The results and crux interview about short term plan will be the rocket ship

[borisjohnsonscock] 16/10/2020 11:37

This pile of dog poo will tank on Q3 results, get out while you can.

You have been warned!

[borisjohnsonshair] 16/10/2020 09:10

Snap em up - sale of the century.

[zzfritzz] 16/10/2020 08:53

Seem to be shares available.

[borisjohnsonshair] 16/10/2020 08:41

Yes - results should be good as saved for Monday. Q1 report was bad due to mech failure and issued on a Friday.

[borisjohnsonshair] 16/10/2020 08:40

Another 1.8% down. SRB steady as deal being penned for open pit farm in, to include in Q3 report Monday morning.

[borisjohnsonshair] 15/10/2020 16:32

GRL Down 3% while SRB stays flat. Loser

[borisjohnsonshair] 15/10/2020 16:21

Ha ha - ore sorter not being used you moron as they aren't at full capacity. Not used for the target 8,000 plus quarter.

[trader536] 15/10/2020 16:18

Meanwhile GRL flying again whooosh 💪

[kennyp52] 15/10/2020 13:57

SRB holding steady Boris ... for now ! Fingers now crossed that next news is good news.

[borisjohnsonshair] 15/10/2020 11:23

Carnage today (except our friends fav!!!GRL. No doubt nonsense later). Selling below offer so drop might be imminent but heyho, all to play for and the report will be what it will be. I assume nothing bad but believe something extremely good, potentially.

[tightfist] 15/10/2020 11:20

Looks as though patience is in short supply this morning?

[millwallfan] 15/10/2020 08:10

Yes I agree that definitely could be the gameplay here so from a pi point of view another potential risk that we don’t achieve max value. I would be happy with £3.50 If it was within next 12 months but not in 3 years when we sgould be at full production (80 to 100,000 oz with aisc under $1,000 and a pe of 7-10 !!! I won’t suggest a related share price lol.

[borisjohnsonshair] 15/10/2020 07:38

Q1 was issued on Friday the 15th.

[backinblack80] 14/10/2020 22:29

tiger60, 14th October is not the norm for Q3...