Serabi Gold Share Discussion Threads

[tightfist] 24/11/2020 13:22

Looking down the 2020 Objectives (RNS 13th November) most of them are progressing stuff rather than key deliverables. One can imagine an RNS for a drill hitting the ground at Toucano (not usually SRB's style) there is little else to look forward to in 2020. Unless there is a rabbit up MH's sleeve - I presume a SC resource update is not known to be imminent?.Hmmm, tightfist

[tiger60] 24/11/2020 12:51

Yep but Qtr 4 is expensive. It was called out on the Crux interview that they actually sold more gold than they produced in Qtr3. They had 2 bullion sales whereas quarter 4 we will see only one. Add in exploration costs, decreasing gold price, bonus month payment etc. cashflow and pnl cannot be extrapolated out from qtr3.

There are no short term drivers other than exploration and we will not see any results from that until the new year. Currently it is reflective of the gold movements/sentiments. We could do with a good day

[cotton4] 24/11/2020 12:15

If they produce 8,252 in qtr4, that should more than compensate for the current drop in pog.
8252 is a 14% increase from qtr3.

[swanvesta] 24/11/2020 12:13

Eck, no, you confused me. The guidance is actually 34-37, not 33-37. Maybe a left over from an earlier version of the presentation?

[swanvesta] 24/11/2020 12:10

TBF they only have to produce 8,252 in Q4 to be in range. But you'd have thought, with just over a month's production to go, that range would be a bit tighter than a month's production...

[cotton4] 24/11/2020 10:45

Qtr4 production of 8,000 would give them 32,748 for the year. If they are expecting 33,000 to 37,000, someone may ask this evening if they have increased their guidance for qtr4.

[tiger60] 24/11/2020 10:21

Total Directors pay for 2019.

Coringa not online until 2023 realistically. And they have 2020 guidance as 34,000-37,000 (page 6) in the presentation. How exactly are they going to achieve that based on guidance that Qtr4 will be in line with Qtr 3?

[tiger60] 24/11/2020 09:33

USD 1,117,000

[tightfist] 24/11/2020 08:20

"Discovery drilling about to begin"

[ironstorm] 24/11/2020 08:14

Well they need to start getting on and exploiting them at pace. Co. Has been saying for an age.

[tightfist] 24/11/2020 07:36

Interesting to scan this morning's refreshed Mello presentation. There is some inevitable timing slippage (which should ease organic funding, however) but I particularly like slide 3:"Our tenement is awash with targets ranging from many artisanal gold workings to multiple high quality geophysical and geochemical anomalies. We anticipate finding several more Pallito's in our tenement".The corresponding mention of Majors has been deleted - at least for the time being?Slide 12 on Exploration 2021 is a great addition too.Cheers, tightfist

[golden prospect] 24/11/2020 07:12

Tonight's presentation 24 Nov 2020

[tiger60] 23/11/2020 15:51

Gold 1836 broke 1850 support, next support 1820

[borisjohnsonshair] 23/11/2020 14:49

Don't worry my friend. All will be resolved in 2021.

[borisjohnsonshair] 23/11/2020 12:07

I wouldn't get too excited as nothing new can be discussed.

[tiger60] 23/11/2020 11:57

79.95 to buy. Tightfist I hope you are on form. We will expect a huge spike in the share price after the meeting!

[golden prospect] 23/11/2020 09:21

Ok, I withdraw the question.

[tightfist] 23/11/2020 09:16

Hi GP,.If I am to have any influence on tomorrow, it's to help develop a positive perception within the Mello group..As a ADVFN poster I don't wish to be associated with this query. A question such as this can easily be relayed by email to MH at any time. If there is any doubt to the commitment of MH /CL to the ongoing success of SRB this can surely be assessed by other means..Thanks, tightfist

[borisjohnsonshair] 22/11/2020 09:34

That's not a fair question. Where does it state in their contract that hey need to buy SRB stock with their SRB salary or personal savings? It's a personal decision that does show confidence but shouldn't be demanded or expected.

[golden prospect] 21/11/2020 17:32

S35. You make a key observation.

edit: question withdrawn

[davidosh] 20/11/2020 14:59

Just a reminder.....so far 167 have registered

Just to let you all know that Mike Hodgson and Clive Line will be presenting for Serabi Gold at our MelloTuesday 'Investing in Gold' webinar next week. Serabi will be one of four companies taking part and the presentation plus Q&A will be 30 minutes. The event runs from 6pm to 9.30pm and there are some highly respected fund managers, investors and analysts taking part in panel sessions and providing presentations.

We will look at Gold as an asset and how to invest in it covering everything from buying gold coins and bars through to stakes in gold producers paying regular dividends. We will also cover ETFs, gold indexes, gold exploration & mining companies and investment funds and feature a number of presentations



If you would like to attend then use this code for a discounted ticket MTGOLD and the price will be reduced by 66%. All our Mello annual pass holders are able to attend as a bonus event and we expect to have over 400 on this webinar but if you have questions then the presenters always agree to provide answers the next day on our website if they remained unanswered on the evening.

[sherry35] 20/11/2020 14:45

Still no insider trades by the officer team. No filings in months. No skin in the game.

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What's the plan?