Serabi Gold Share Discussion Threads

[millwallfan] 31/10/2020 14:18

Sherry. Thanks for comments. Not so sure us PIs could exert much influence, if indeed we collectively even knew what to do better than the BoD. IMHO the fact that we peaked over £1.15 and nothing has really changed in the mining fundamentals since then except living with the volatility of coronavirus I personally consider this a ‘hold’ until things become clearer. The drop to current share price has no strong rationale and if I wasn’t so far underwater on my other (large) investments particularly Lloyd’s and Taylor Wimpey I would probably put more monies into this and my other goldie GGP as the majority of knowledgeable investor sentiment seems to support gold and commodities over other sectors at least for the foreseeable future. I only hold 22k of these at average low 60’s so still at decent profit. As I and others have commented before, accepting there are known and unknown risks, if we ever get towards 100,000 ozs and gold holds around $2,000 then the current share price will be ancient history lol

[melody9999] 30/10/2020 22:39

Sherry35 - "I'm not moving on because I have skin in the game."

Having read all your recent posts, perhaps you would now like to explain why, despite your comments, you continue to hold?

[kennyp52] 30/10/2020 19:45

Good to see both sides of the argument Sherry and well made . Hopefully they are producing at full capacity which imho will make a big difference to the confidence in the ability of the mine management even if there is waning support for MH . Produce produce produce... solves everything and it’s what the BOD are primarily paid for .

[sherry35] 30/10/2020 18:12

tiger60 - At least I assign dates to activities. The Gnatt chart has "Operating License Granted" milestone in Q1 2022. Yet, in the Crux video MH mentioned the possibility having the remaining permits by year end. Is this just another carrot to pease the masses. When is MH's next "boots on the ground" trip? Evdidently his presence in Brazil is required.

It's a Latin America country experiencing tough financial times - throw some money at. Appoint someone to BOD that has major drag in the country and get rid of the Greenstone dude. He's on the board to closely monitor the repugnant CLS investment.

I assigned Coringa mine and plant commissioning of 4Q2022.

What's the plan?

[trader536] 30/10/2020 17:41

MH is milking the cow of almost half a million quid a year, why would he want to buy shares or be concerned with where the share price is? Evidently his role of making YouTube videos from the comfort of his home is quite lucrative.

Fair play Boris you know how to find a good dog, woof woof!

[borisjohnsonshair] 30/10/2020 16:16

They've got the license. The one that matters. MH said it was the important one.

[tiger60] 30/10/2020 15:49

"2 months (Dec 31, 2020) to get the remaining Coringa permits"

I am sure if it was up to them it would be one day but unfortunately its not!

[sherry35] 30/10/2020 14:39

I applied my my own deliverable deadlines. 2 months (Dec 31, 2020) to get the remaining Coringa permits and 3 months (Jan 31, 2021) on a farm-in contract. To the mgmt. team, you did some name dropping on the videos - time to deliver the goods. Or was it all promotional to give us continued hope while you plod along with no skin in the game.

[sherry35] 30/10/2020 14:24

millwallfan - It won't take much to hold a emergency AGM and force change. The PI's could force a change given the zero holdings of the executive team.

[cotton4] 30/10/2020 14:17

Sherry - Looks like time to move on.

[millwallfan] 30/10/2020 11:45

Such a majority share holding in just 2 hands is very much a double edged sword. A major benefit when their agenda aligns to us few pi’s including opposing ridiculous takeover attempts and ability to steady the ship in these uncertain times. Conversely if they perceive such immeasurable future growth and value it would not take much to continue buying up loose stock to a point where they could takeover 100% without much difficulty. When optimistic projections of future value being based on 100,000 ounces and aisc under $1,000 and gold even at current levels (let aLone pushing $3k) previous suggestions of £5 per share is not really pie in the sky in 2-3 years. INTERESTING !!!!

[chipperfrd] 30/10/2020 11:40

Well said Tightfist!

[borisjohnsonshair] 30/10/2020 11:21

Yes - I'm in your camp.

[tightfist] 30/10/2020 10:52

At times like this, it's surely worth remembering that Fratelli (represented by Bañados, Chairman) and Greenstone (represented on the BoD by Sawyer) collectively represent ~61% of the SRB equity. Additionally executives MH and CL now have 1.5m options in total..Despite our daily misgivings and angst over delays and the volatile sp, surely that participation is sufficient ownership to keep SRB on-task?.As Graham said, in the short term the market is a Voting Machine, in the long term a Weighing Machine (of business substance). "The message is clear: What matters in the long run is a company's actual underlying business performance and not the investing public's fickle opinion about its prospects in the short run"..Cheers, tightfist

[borisjohnsonshair] 30/10/2020 07:04

They are insiders. They'll not be shorting!!!

[sherry35] 29/10/2020 22:15

This article may explain why Au got hammered over the past 5 trading days.



This doesn't bode well for consumer demand as the India and Asia (China) enter their traditional high consumer seasons while the C19 viruses pushes nations into further lock-downs. Stands to reason when people's incomes have been decimated by jobs losses.

Let's hope PL/SC operations return to full capacity Jan 1st 2021 to compensate for a further drop in consumer gold demand i.e. POG). So, 4Q2020 and 1Q2021 are going to have an effect on the POG.

Will the share price go below 76p? Will Greenstone experience some pain should SRB draw down on it? We'll find out over the next 5 to 6 months.

[borisjohnsonshair] 29/10/2020 16:52

SRB is making circa US$15M a year

[borisjohnsonshair] 29/10/2020 16:11

Sherry - I think you are a little fixated with some form of pricing control. If they loved the prospect so much they could buy it lock stock. They do a deal with the other major backer. They can forms cartel.

[sherry35] 29/10/2020 15:33

The question bares asking. Will Greenstone (or affiliated entity) keep the share price above CLS strike price 76p? What would happen if SRB was yo draw down on the CLS with the share price trading at 75p, 70p, 65p, 60p? Would Greenstone short SRB to hedge against this situation?

Just perhaps Greenstone (or affiliated entity) shorted SRB on the most recent 5 day drop. A lot of shares came out at a very fast pace.

[trader536] 29/10/2020 12:36

79p to sell, 75p is on the horizon

[borisjohnsonshair] 29/10/2020 11:57

Probably right