Serabi Gold Share Discussion Threads

[tiger60] 01/4/2021 18:47

What annoys me most is the walk down in price pre placing and again pre notification of the accounts failing to be published on time. Just so disillusioned with it all and now to go through Easter waiting to see how much their incompetence has cost me. What was destined to be a great break now has an impending cloud ready to dump a lot of #### on all PIs come Tuesday. Happy Easter. Thanks MH and CL.

They have $20m in the bank with $3.6m destined to Equinox. A current mkt cap of $50m so there is a lot of open air if they could get their act together. I suggest running back to Anglo and agreeing that JV and getting some professionals onboarded and create value immediately to address the credibility issue. Expect drop at open followed by small bounce but it is now a long road and one we are tied to as the alternative is not very attractive. Now off to get drunk...hoping the fall from 80s to 60s has some of this news factored in. Any bets on opening price? In itself the news is historic and the scale is manageable especially with recent funding but the issues when seen together point to mismanagement. Right where’s that drink gone....

Just to add context a revenue drop of $0.97m against 9month revenue up to end of Sept of $45.4m is not the end of the world but just adds to the list of issues. When MH said a RNS once a month this is not what I had in mind

[backinblack80] 01/4/2021 18:27

Agreed tiger60..this is fast becoming a farce...they can't even 100% commit to accounts being ready by 20th June...
I've got the Govt rogering my livelihood and now these clowns rogering my investments...

[backinblack80] 01/4/2021 17:50

FFS!! 1730 RNS....

[sherry35] 01/4/2021 17:41

Serabi Gold halted at 9:12 a.m. PT

2021-04-01 12:14 ET - Halt Trading

Serabi Gold PLC has been halted at 9:12 a.m. PT on Thursday, April 1, 2021, pending news.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

We have accounting issues for 2020.

[imastu pidgitaswell] 01/4/2021 15:21

I just added (yet) another chunk. Long term hold...

[borisjohnsonshair] 01/4/2021 13:37

It was wrong in hindsight but a perfectly logical hunch, my friend.

[backinblack80] 01/4/2021 13:28

My previous 'hunch' was based on TSX filing deadlines...within 90 days. This deadline was the 31st March. Last year was the 30th March (Feb had 29 days) Last year they announced a delay which was permitted by authorities due to Covid...Is this wrong??

[borisjohnsonshair] 01/4/2021 13:15

Another hunch Tuesday? Was it you that hunched before? If so why Tuesday?

[tiger60] 01/4/2021 12:59

No reason based on news?

Gold falling from 2,000 to 1,700
Placing at 75p
Poor qtr 4 production, increased costs, write off
Fatal accident at mine

Nope no news. However, we move on. Let’s wait for tuesdays rns

[borisjohnsonshair] 01/4/2021 12:38

50p drop from peak just over 3.5 months ago. No reason based on news, so it's become greater value. Horrible experience though.

[golden prospect] 01/4/2021 11:45

The observation of 67 to buy gives an 8p discount to 75p placing,

Looks like end of tax year shuffling.

[tiger60] 01/4/2021 10:16

Thought we might have a blue day today with gold up over the last two sessions but the sells keep coming.

What are we missing? There seems to be consistent selling but no RNS. Gold is slightly up, a recent placing with assumed due diligence gives me comfort but there is something. IMHO it seemed a bit leaky pre placing so maybe same pre financials?

67 to buy.

[backinblack80] 31/3/2021 15:26

I thought the deadline for the annual report was today?

[tightfist] 31/3/2021 14:28

Yes, IIRC they recently announced there was some Brasilian tax shenanigans/grid-lock that needed addressing and could appear as a write-off?.With the recent confirmation they back to full crew strength I am looking for the Ore Sorter to now be adding serious value.

[tiger60] 31/3/2021 09:56

Thursday the new Friday?

It seems some calm has returned. Remember Qtr 4 is not going to be great. Low sales (6,000 odd), extra costs of both wages and mechanical repairs and write offs will impact the overall figures.

If the financials stand up to scrutiny and there is reassurance that March production figures are not adversely impacted by the unfortunate accident we could see bottom.

Yields and the strength of the dollar have been a pain in the backside for gold supporters. There is talk yields will continue to reach up to 2% on the 10 year treasuries and strengthen the dollar still further. However, the correlation to yields may get broken and any question marks over the speed of the recovery in the US can see a quick about face.

Gold is still controlled by the bears but the story is not as simple as it was. Rays of light could be about to break the cloud cover

[tightfist] 31/3/2021 07:41

Yes, not my best hunch....let's make it a good 'un when it finally arrives! At least this is not the week to bury it on a Friday!

[golden prospect] 31/3/2021 07:29

Which one first ?

* 2020 full year results should read with great financials in complex times
* Equinox fully paid
* Q1 improving year on year, ahead of budget
* Coringa operating licence
* Exceptional drill results (likely to be plenty of announcements)
* Rising production profile at Palito and ore sorter having material impact

[borisjohnsonshair] 31/3/2021 07:27

Wrong hunch. Maybe tomorrow or anytime within the next 5 weeks. Not a good good day anyway.

[backinblack80] 31/3/2021 02:23

Phew, perhaps, another conspiracy theory I don't have to worry about!
POG has lost traction, but could be worse...
SRB, financials, please. Deadline!!

[borisjohnsonshair] 30/3/2021 17:11

No pesky UT trades at close. Does that bode better???

[tiger60] 30/3/2021 12:09

Gold sitting near $1690. All gold miners have been hit over the last few weeks. What a turnaround from the start of the year when experts were calling out for $2000+.

Might have to wait for inflation figures to be realised in the US before a shift in sentiment. I will be glad to see the back of March.

[golden prospect] 30/3/2021 11:11

yes tightfist, i'm expecting news tomorrow unless they surprise today!

Interesting that 75p placees have not obviously appeared for 10% discount price, although lines of stock have readily been absorbed in the last few weeks, so perhaps there is an underlying order. That's probably more the territory for tiger60.

[tightfist] 30/3/2021 10:13

My hunch is that they will announce the first two - tomorrow!