Serabi Gold Share Discussion Threads

[borisjohnsonshair] 22/3/2021 09:53

No. I expect good news in 2021 and onwards. Amateur sellers now dumping at the point of best value. They be missing a very quick 50% rise from here followed by sustained growth to 500p. I e been saying this for a long time but the plan has been delayed hence the rerate. It's going to happen and as it becomes wider known, the price will rocket.

[francisthornhill] 19/3/2021 18:59

Seems like a lot of sells. Do you think we will see bad news on Monday or Tuesday?

[cotton4] 19/3/2021 14:25

Someone seems to be absorbing all these sells

[golden prospect] 19/3/2021 10:40

Thinking ahead for the full year results, the banner headline will surely demonstrate that year on year Profit after Tax to be over 150% improved if full year is say $10m

A great result given the pandemic, although shame for Q1 with 18 days lost milling on main ball mill.

In 2019, full 12 months PAT $3.83m

In 2020, for 9 months only we had PAT $7.82m (see RNS 13th November 2020)

Q3 was $3.67m
Q2 was $3.38m
Q1 was $0.77m

[golden prospect] 19/3/2021 09:39

Better to have exploration news starting next week than a friday!

Observe ALTN share price on the run, tightly held stock with African resources 65%+

Serabi, similar tight structure

Fratelli Investments Limited 25.5%
Greenstone Resource II LP 25.2%
River & Mercantile Asset Management LLP 6.8%
Premier Miton Group PLC 6.5%
Directors (excluding Fratelli) 1.7%

[cotton4] 19/3/2021 09:29

So do we get our monthly exploration update next week?

[tightfist] 18/3/2021 18:00

Yes, plays-out is a great expression. It looks to me as though SRB are now funded for 12+ months and in that time we will see how exploration results, Au production and price, Coringa permitting and initial mine development, etc etc play-out. .Cheers, tightfist

[golden prospect] 18/3/2021 15:33

tightfist, if we get some great drill results then Serabi may find a suitable JV partner - plenty of options ahead.

Debt free takes a lot of pressure off as this plays out.

[borisjohnsonshair] 18/3/2021 15:25

Depends if exploration biz or producer. They are both.

[tightfist] 18/3/2021 15:17

You often mention NAV - how relevant is it? I am in another goldie and they have twice inflicted massive non-cash asset write-downs to close the gap towards an unresponsive share price .... I believe that is required by accounting rules? But then the company is dominated by accountants.....

[borisjohnsonshair] 18/3/2021 15:04

https://www.serabigold.com/wp-content/uploads/2021/01/Serabi-Corporate-Presentation-Jan-2021-web-version.pdfPage 9 @ 1,700 NPV US&146MTo be added the NAV when the acquisition is completed. At the moment we show a US$12M debt!!

[tightfist] 18/3/2021 14:51

Hi GP; following your theme regarding Coringa funding and funds raised a couple of weeks ago, I make it $16.7m NET, plus $5.3m as the warrants are hopefully exercised over the next two years. Of that $14.2m is spoken for (see RNS of 01.03.2021)..This leaves potentially $7.8m available to part-fund Coringa M&E, plus ongoing quarterly organic cash generation, plus prudent cash balance draw-down. This is to be viewed against a PEA projected (06.09.2019) M&E expense of $24.7m, including 20% contingency. Key question: How much fresh debt will eventually be required?.Incidentally, PEA NPV10 was $56m at $1,450 PoG; FWIW & DYOR I would estimate ~$100m and PT IRR of ~70% if we are fortunate enough to average $1,700 PoG. These figures suggest that Coringa will have been a stunning acquisition, IMHO, provided PoG doesn't collapse.......As ever patience is required! tightfist

[tiger60] 18/3/2021 14:03

Unfortunately gold reversed today

[borisjohnsonshair] 18/3/2021 11:50

There's some idiots selling below the placement price. Clowns will see this rocket.

[golden prospect] 18/3/2021 11:18

A final note, Serabi are DEBT free!

They cleared the Sprott debt in 2020, and now Coringa can be paid in full (await confirmation)

On the results front, recall usd vs real was average at 4 in 2019, for 2020 this was probably average 5, 25% worthy uplift together with a rising gold price. On this basis full year results should be robust despite lower production.

[borisjohnsonshair] 18/3/2021 10:02

When we get to 118 soon, they'll wanna hang on.

[ironstorm] 18/3/2021 09:58

They can have mine here for 118.

[golden prospect] 18/3/2021 09:19

Thanks for the update re TSG, PIs gold money will need a new home.

[tiger60] 18/3/2021 08:47

I see TSG was taken out for 118 this morning. I can understand PIs frustration.

[golden prospect] 18/3/2021 07:38

Serabi have just received a $17.5m vote of confidence at 75p.

They have funds to complete final payment for Coringa (plant ready)

The drill bit will be turning x 5, for a $5m programme

2021 may mark a substantial turning point in their history.

[gregpeck7] 17/3/2021 21:43

Dumped my last web a long while ago. Some very good posters and opinions here and it's a great board I really rate it but I realised the board here just don't deliver they push things out over and over again and having bought over 100,000 shares in the low thirties I wanted to hold for a life changing amount as you can see the potential but in the end I realised these guys just cannot deliver for whatever reason. If they were doing what they should be doing now with gold where it is these shares would be well over 200. Mgmt are incompetent. This company is not run for the small guy. Free tip for the experts here. EUZ that's gonna bag many time imo. Well worth a look. Srb will always be jam tomorrow.

[tiger60] 17/3/2021 20:48

I think there are enough apologists on this board for the company’s actions so happy to add some reality. The risks are there and to be factored in whether likely or not.

I am a holder but one cannot ignore the share price has gone nowhere for over a year. As always the rhetoric is great the execution poor. Given all that I still believe SRB to be undervalued and the reemergence of the rise in gold over H2 will see us all benefit but mgmt need to deliver

[golden prospect] 17/3/2021 20:07

tiger60, you are full of cheer. The 2020 "full year" should demonstrate robust financials against the backdrop of a difficult year for most. Management kept the mine working and this should be commended.

Any downtime on one face is likely to be small on the grand scale of things.

It is unlikely the company have poor working practices.