Serabi Gold Share Discussion Threads

[ironstorm] 23/10/2020 08:36

I thought proper companies hit their numbers. Or adjust the, ahead of the game.

MH has never been on top of the detail in terms of production. Looks like this surprised him. I guess he is not interested in it.

That’s what he needs the telling off for. Oh and if it was the first time then maybe. But this has happened every few years.

It’s not terminal. It’s not even terrible. But I don’t subscribe to the cult of MH.

[borisjohnsonshair] 23/10/2020 08:29

At the start of Covid SRB was 45p! It's now 90p and has a tremendous future.

[borisjohnsonshair] 23/10/2020 08:27

How, specifically would you tell MH off? "Why didn't you recklessly ignore Covid and maintain max output but risk a total disaster? "

[borisjohnsonshair] 23/10/2020 08:26

I agree re fundamentals and future now better for this slow year and cash generation, however, I fail to see what MH has done wrong. The key decision was to reduce numbers to allow distancing and staff rotation quarantine. The only option would to ignore. May have been lucky or may have got full scale out break and closed. This would have turned the US$6m to zero plus debt remaining. Instead we have no debt, US$11M, Coringa payment reduced to US$7.5M and two acquisitions!!!!! Congratulations is in order, not criticism. I'm delighted with 2020 in the circumstances.

[backinblack80] 22/10/2020 23:16

Bottom line is that the POG has compensated for the shortfall in production. And.there's a perfectly reasonable explanation from MH, in my opinion.
I reckon that the drop in share price is totally unwarranted ... bearing in mind current undervaluation and prospects.

[plat hunter] 22/10/2020 23:04

CEY has had a similar disproportionate reaction.I might even go as far to say that it could be the domino affect of margin calls.

[golden prospect] 22/10/2020 22:57

T60, perhaps next year guidance will be in dollars not ozs! Clearly 2020 has surpassed all financial expectations given global circumstances.

[tiger60] 22/10/2020 22:42

But factor in qtr 4 10,000 to 8,000 and qtr 1 2021 being detrimentally impacted as per (compared to original plans).....

[golden prospect] 22/10/2020 22:37

As a final thought for the day, say the Q3 shortfall is 1300oz, at sales 2000oz, this is deferred sales of say $2.6m.

On a 12p share price drop, this wipes $9.2m. Disproportionate, and certainly not forward looking!

[borisjohnsonshair] 22/10/2020 18:02

Hi PPVN,Nothing has changed. Palito remains a lovely means to an end, Coringa increase FCF and brings down AISC so rerate the business but we plough on and explore the game changers. It's all there. An incredible stable, cash stable, cash generating, debt free baby.

[ppvn] 22/10/2020 17:42

The way I'm looking at it is still very much positive, just disappointed guidance was missed.

Think tightfist is right; whilst serabi has obviously been negatively impacted by covid the pog has somewhat saved the day.

Onward and upwards, have a nasty feeling I may be a buyer here again soon! Ha.

[borisjohnsonshair] 22/10/2020 16:49

Just because you can't be furloughed for sucking off City brokers, don't get bitter & twisted.

[tightfist] 22/10/2020 16:11

Personally, I don't see simultaneous Q1-Q3 Production annual guidance shortfall and PoG strength as a coincidence - COVID has far-reaching consequences to answer for.

[trader536] 22/10/2020 15:58

MH been sat at home for seven months on a whopping £400k, while shareholders lose money.

having just returned from a two week trip to Palito, the first time I have been able to visit for almost seven months

[trader536] 22/10/2020 14:50

Kenny the clown - why allege to filter me then continue to comment on my posts? Can’t resist a little peek at my posts can you. You seem to be in all the losing stocks you are a complete loser in life, that’s why you are head trolley collector 🛒🛒🛒🛒

[kennyp52] 22/10/2020 14:40

Can't see what he is posting Boris ... its bliss . He keeps going on about collecting trollies at Tesco ... why so specific I wondered ... then it clicked ... his unusual hours are due to him being a shelf stacker ... at his local Tesco in Newcastle . Makes perfect sense now .

[borisjohnsonshair] 22/10/2020 14:09

Yeah - good fortune in that regard have ensures the impact of Covid is mitigated. Hopefully they'll further increase margins when ops get back to max

[cotton4] 22/10/2020 13:43

Financially, if its any consolation, it would appear the loss of production has been compensated by the increase in pog.

[trader536] 22/10/2020 13:31

MH getting £400,000 a year to make YouTube videos from home. Nice work if you can get it!

Hey Boris did I mention GRL is up 175% recently? Perhaps you should sell this dog and stick what’s left in GRL? 💵💵💵

[tiger60] 22/10/2020 13:25

I just think the crux/ MH combo is a symbiotic relationship rather than a chance to put forward challenging questions. Useful but toothless

Challenge him on his pay packet
Challenge him on environmental concerns
Challenge him on mid Aug guidance
Challenge him on a consistent promise of 100k production
Challenge him on the basis for granting share options not linked to performance

[tightfist] 22/10/2020 13:21

My hunch is that the expansion and re-population of the Socially Distanced camp took a few weeks more than they expected. It was conspicuously not explicitly mentioned this morning - unless I missed something. That could explain the shortfall of mining faces.

[tiger60] 22/10/2020 13:16

Was it not as recently as the 14th August we were told qtr 3 should match qtr2. What went wrong in Sept?

Also states in Crux interview that it is obvious issues would continue in qtr4. But not in Aug when we were told we would be back on course?

Obviously things change but the text of the RNS is the vital reference point not the words spoken on a promo video in my opinion.