Serabi Gold Share Discussion Threads

[cotton4] 08/4/2021 10:22

What assurances does it take to get Canada to reinstate trading ?

[borisjohnsonshair] 08/4/2021 10:12

Look at GRL - that clowns baby. 2p when I suspended, now 11p!!!

[imastu pidgitaswell] 08/4/2021 10:12

kenny - completely OT - was never an audit manager, I just qualified and fled. I worked as a trainee on the audits of Robert Maxwell's private companies in Summer 1990, a year before he popped over the side...

[borisjohnsonshair] 08/4/2021 10:11

You said 20th June!!! 6 weeks away - blimey, you do struggle!!! Bless.

[ppvn] 08/4/2021 10:10

Haha someone is salty.

Can't speak to what the issue currently is but the BOD have historically done a good job getting these mines up and running. They brought this mine back to life in 2013 and its market cap has increased along the way. Not as much as I'd personally have liked yet, but this exploration campaign should go some way to proving up their massive tenements.

If you don't like the stock that's fine; this most recent issue with the accounts is indefensible - but no need to try and pretend it's more of an issue than it actually is.

[plat hunter] 08/4/2021 10:10

Kenny agree, payments should be booked for the period they're received. Otherwise it's essentially cherry picking.

[plat hunter] 08/4/2021 10:04

Sorry eight not six but the urgency is none the less reduced.Not many make it back once they get suspended. If you bought in early yesterday you should probably sell and make the most of the daily beta to your advantage.

[plat hunter] 08/4/2021 10:01

Lol "AIM rules"Six weeks to finish the audit and release the accounts or it's bye bye SRB. How about that for AIM rules?

[borisjohnsonshair] 08/4/2021 09:59

You'd make better decisions if you understood AIM rules. You'd better buy quick!!!!

[cotton4] 08/4/2021 09:56

Binned but not walked away. Is there a reason for that?

[plat hunter] 08/4/2021 09:48

I binned these at 86p Boris... Posted when and why at the time too.You might want to learn how to read, especially those RNS updates, they're really key to what is or isn't going on here.

[kennyp52] 08/4/2021 09:44

Context ... the gold essay adjustment is timing ... not write off it seems ....

The final agreed gold assay of the copper/gold concentrate for both these sales was lower than the provisional assay undertaken by the Palito laboratory and as a result the Group realised, during the first quarter of 2021, a revenue adjustment of approximately US$970,000 reflecting the reduction in the revenue generated from these sales. As this related to sales undertaken during 2020, this adjustment will be reflected in the reported revenue for 2020.

.... so they are reflecting the sales in 2020 thus the audit adjustment ? Then reducing the 2021 sales figure by the same amount . Or am I reading this wrong ?

It seems to be merely cut-off ... maybe the directors trying to get “good news” in to the 1st quarter of 2021 and taking a small hit in the 2020 figures because they can blame Covid for last year ? Who knows

[borisjohnsonshair] 08/4/2021 09:43

Yeah yeah, you are sounding bitter about something. Sell at the bottom, not buy?? Turned a corner - this week go to 100p when the audit issued soon, then rise continually for years as they uncover millions of ounces. Gold double bottomed and now heading for US$2,000. Might triple bottom but at the end of the year it's up for sure at US$2,000 plus. Do the math!!!!!

[plat hunter] 08/4/2021 09:37

We'll all be jogging on soon Boris, when MH and co succeed in getting SRB booted off AIM, so they can employ their sticky fingers without oversight or criticism.

[kennyp52] 08/4/2021 09:35

Imastu .. audit managers ! Couldn’t do it mate working for ( some ) self serving plonkers. Found myself unable to “help” clients with 20% of time filling in tick boxes and planning . So set my own practice up and filled in as FD for a few companies ... loads of start ups ... much better route for me . Modern audits only seem to concentrate on the balance sheet ... too little done on transactions ... which it is why I am comforted they did pick up these cash withdrawals ... but why didn’t the directors ?? Anyways .. substantially undervalued business that needs some top quality management over the next year to get it on track then we would see Boris 5 bagger . Happy to see 100p+ myself and was please to see this headliner ...

VISIBLE GOLD WITH INTERSECTION OF 7.2M AT 258G/T GOLD UNDERPINS FURTHER EXPLORATION SUCCESS AT SÃO DOMINGOS.

[borisjohnsonshair] 08/4/2021 09:34

Jog on then.

[bushtuckaman] 08/4/2021 08:42

Tightfist, yes I was surprised it didnt get more discussion. It was a spectacular drill result yesterday, which prompted me to enter here having been watching for some time. It's not often that you see intersections with 1800 gram metres. To put that in perspective and if my math is correct, one tonne of that highest grade drill core rock would be worth c. US$14,500 in contained gold

[cotton4] 08/4/2021 08:40

Having done a bit of auditing myself, a lot of what was said was correct. IMO the auditors are ensuring the accounts are squeaky clean. Possibly a buyer waiting in the wings or simply to give management comfort.

[cotton4] 08/4/2021 08:21

The audit will eventually blow over, they'll take any financial adjustments, controls will be put in place, leaving the way ahead clear. Lots to look forward to.

[borisjohnsonshair] 08/4/2021 08:17

It's 86p in Canada

[borisjohnsonshair] 08/4/2021 08:12

Gold rising and it can be mined with a shovel on our land. 500-1000p coming. What an opportunity.