Serabi Gold Share Discussion Threads

[borisjohnsonshair] 25/3/2021 08:42

Why 4pm? Is that normal for them

[tiger60] 25/3/2021 08:41

The Crux - MH interviews are just promotional material. The relationship is too symbiotic. It is like being interviewed by a kitten. Get him on the Andrew Marr show.

I don't like the release of an RNS on a Friday personally as has negative connotations for many.

Really hoping its our turn for some good news its about time for a change in the narrative.

As to the placing MH stated in the interview that indirect meetings turned to direct funding because of appetite from investors and yet laments the pricing. Again it does not make sense to me.

However, I am staying until the expo results on the latest tenement acquired

[ironstorm] 25/3/2021 08:29

BJ don’t say that. You are stoking my fears further. 4pm Most likely.

[borisjohnsonshair] 25/3/2021 08:26

2020 report out on a Friday?

[ironstorm] 25/3/2021 08:25

They are driving this is my opinion. Look at the cosy debt deal they did. Too close to the board. Sure they would like price higher. But whatever happens they take their cut.

Fair play to them.

Just not good for small shareholders. Nothing yet to show the company is changing. Lots of blind faith in the assets on this board. Not so much in the managements ability to extract value (or hold the pe boys at bay).

[ironstorm] 25/3/2021 08:13

Not someone to rely on really for us small shareholders. Let’s hope he thinks he has enough now otherwise we will continue to be royally rogered.

[tightfist] 25/3/2021 07:53

Borrowed from the Emmerson EML RNS yesterday - how James Kelly/Greenstone describe themselves:."Prior to its merger with Glencore Plc, James was a senior member of the business development team of Xstrata Plc. He went on to help found the mining private equity company, Greenstone Resources LP, which takes strategic equity positions in post exploration and development stage assets in both OECD and Emerging Market geographies"

[borisjohnsonshair] 24/3/2021 13:03

No one wants these. Don't know why. Rebuking might have been wrong. Might bail.

[tiger60] 24/3/2021 12:05

Personally feel Qtr 4 will pull it down but it is all about looking forward. They have rolled the dice, allocated 5m to exploration and if they can hit guidance on production (or better it) and report good expo results then alls fine ahead.

I also want to see the impact on March prod figures to Q1 totals.

The latest interview was interesting for one specific fact called out by MH. When the 2 majors were on site a year or so back they actually offered a JV. MH stated he wanted SRB to go it alone at that stage but I wonder what was on the table.

It really is time for them to step up and deliver. And maybe show a bit of confidence by buying shares.

All about open pit opportunity to ignite a massive rerate.

I must admit I have a bit of investor fatigue on this one. We never get the RNS we hope for.

70.8 to buy.

[borisjohnsonshair] 24/3/2021 11:54

Thanks. Maybe this week then. Hopefully good but good doesn't seem to move it

[tiger60] 24/3/2021 11:49

Last year 26th Match.

[borisjohnsonshair] 24/3/2021 11:44

When are the 2020 finals due.....cant be too long.

[borisjohnsonshair] 24/3/2021 09:37

CEY directors invested Kenny

[kennyp52] 22/3/2021 23:50

Production , production , production and cut the directors salaries and put them on share price performance based pay . They are currently not delivering .

[ironstorm] 22/3/2021 19:47

I hope they do Tiger as earlier in the year we were putting our hopes in Fratelli - but if I remember their % share reduced after the recent placing. I hope they are not looking to bail.

[tiger60] 22/3/2021 18:01

This share was walked down to the placement price over a number of weeks before the official announcement to our detriment imho. It is therefore wise to recognise the risks in the trading patterns.

SRB call themselves a stable 40,000 oz producer but have achieved that feat just once. Their directors did not participate in the placing or have bought shares but tell us it is hugely undervalued against its peers. If so why not buy? All are noted risks. Still believe the risks are outweighed by the potential but the scales are not so favourably stacked. With another death (previously one in Feb 2019) we still need official word on the circumstances and cause. This is critical and needs to be communicated.

Lots to think about. RNS once a month? Not what I had in mind when the last one came out. Anyway let’s see what the week brings but the new IIs maybe picking up their phones.

[borisjohnsonshair] 22/3/2021 16:38

Support - what's that? This is about production, growth of production and gold discoveries. People are selling fit their reasons but it doesn't change the outcome. Chill

[tiger60] 22/3/2021 16:24

Really - it is the trend that is worrying. There is no direct support. Down 4%.

[borisjohnsonshair] 22/3/2021 16:19

70K of sales. No big deal.

[tiger60] 22/3/2021 15:44

Serious? And down it goes.

[borisjohnsonshair] 22/3/2021 15:06

Is that rhetorical? Have you asked them?

[tiger60] 22/3/2021 14:42

71.65 to buy so the share price will eventually reduce down to 71.

Same price as in Sept 2019. Less talking more delivering. It is just tiresome. If it so undervalued why don't the directors buy any?