Serabi Gold Share Discussion Threads

[tiger60] 17/3/2021 18:57

$

Three outstanding issues here holding us back

Qtr 4 will be a drag on financials with low bullion sales (6,000+), high costs (eqp. maintenance and bonus month) and write off of debt. But we wait for full financials to see full impact

Which face was ceased? As I understand it two out of the five faces contribute most of the output. Let’s hope from a purely investor outlook that the accident occurred on one of the ‘minor’ faces

Lastly, we need confirmation of the cause of the accident. If the company is anyway to blame due to poor practices, neglect etc then all operations will need review and official overview. This would be worst case scenario and hopefully not the case but let’s hope we get more info imminently and can take advantage of a gold bounce and extra boost to our balance sheet from the recent placing.

[kennyp52] 17/3/2021 18:21

Gold up already to over £1740 ... let's hope it will drive this sucker up

[tiger60] 17/3/2021 18:19

FOMC relatively good for gold - should see rise

[borisjohnsonshair] 17/3/2021 13:58

True but that's a week ago so maybe the work associated with preparing an exploration report has been held back. Anyway it was a loose comment in the interview re monthly news. Not specifically a month from the last one. You'd expect one before the 9th April

[kennyp52] 17/3/2021 13:51

Boris .. why would morale have been down in February .. the incident was not until 9th March !?! Unless the weather was a bit dull or the national football team lost a game?

[golden prospect] 17/3/2021 13:00

Thanks to tiger60, CRUX interview 9th March 2021

tiger60 9 Mar '21 - 11:10 - 2121 of 2179 0 3 0

[borisjohnsonshair] 17/3/2021 12:50

This will rise fast soon

[borisjohnsonshair] 17/3/2021 11:02

.....actually late but Feb was a short month and morale would have been down on site.

[borisjohnsonshair] 17/3/2021 11:01

12th Feb last update. Another due shortly?

[golden prospect] 17/3/2021 10:30

Monthly successes on the drill bit should provide excitement to the share price.

[cotton4] 17/3/2021 10:21

Should expect 2020 results next Thursday.

[golden prospect] 17/3/2021 10:10

When this goes flying back above £1 some may wonder why they failed to enter below market placing of 75p!

[borisjohnsonshair] 17/3/2021 09:54

83p in Canada.

[borisjohnsonshair] 16/3/2021 15:44

Maybe news tomorrow of the end of the partial suspension.

[borisjohnsonshair] 16/3/2021 15:10

Wow - movement

[kennyp52] 16/3/2021 07:55

More than your 2 probably

[golden prospect] 15/3/2021 21:40

Tiger60. In the last update they refer to "Production in the area of the incident", implies all other aspects of mining continue.

[borisjohnsonshair] 15/3/2021 15:29

Fair enough but the news was tragic and also took the positive sentiment out of the placement, so why not update anyway?

[tiger60] 15/3/2021 15:29

Disagree. We will find out soon. This is in holding pattern until then

[golden prospect] 15/3/2021 15:22

Incident a week ago, so i agree with BJ that they would only update if they hadn't resumed as expected.

[borisjohnsonshair] 15/3/2021 15:01

This time they suggested a few days. It's been a few days, so they'd only update if operations HADNT resumed. No news is good news.

[borisjohnsonshair] 15/3/2021 15:00

I've just checked. Seems in 2019 & 18 the operations wasn't suspended. You are correct no update but why would they necessary before?

[golden prospect] 15/3/2021 14:28

In the past I don't recall the company updating from such an outcome. So I guess operations resume without an update.

[tiger60] 15/3/2021 13:48

10 year yields at highs today but interestingly no detrimental knock on impact to the gold price. As the dollar which was tracking yields in a correlated rise are now diverging. This is significant because there is now a nod to inflation in those yields rather than an expectation of growth alone.

There is something that some might of caught but not mentioned that happened last quarter as well. Although MH heralded January as a month that saw production mirroring (or surpassing) Dec 2020 output he did not mention Feb. Now this may seem a bit picky but there is previous form on this and my expectation for Feb output is tempered.

Indeed a tragic accident and the formal findings are of upmost importance for our immediate expectations. I am not going to second guess the outcome but hope for official word as soon as possible