Serabi Gold Share Discussion Threads

[tiger60] 15/4/2021 11:16

www.brrmedia.co.uk/broadcasts/6077234c0386285386cc8aa8/serabi-gold---strong-first-quarter-gold-production/

Also good to note the update on the tragic accident and situation with the accounts:

As noted in a news release issued on 1 April 2021, the completion of the Group’s annual audit has been delayed, and therefore the publication of the annual financial statements, whilst the Company and its auditors make further enquiries regarding undocumented cash withdrawals amounting to approximately US$80,000 during 2020. These enquiries remain on-going, and we are unable to provide any further comment until these enquiries have been completed.

On a final note, I must comment on the tragic event which occurred on 9 March 2021, when an employee working in the Palito mine was involved in an accident in an active mining area and was fatally injured. The full investigation by all the relevant authorities into the accident remains open and at this stage we can only note that it appears that the individual was not following the appropriate safety procedures set down by the Company. I had hoped that after significant effort was put into Health and Safety training from 2019, which saw a 56% reduction in lost time injuries, we would not need to experience such tragic events. To try and further minimise the risks of a similar event occurring again, the Company has established a Health and Safety Committee which includes myself and Roney Almeida (COO) and is in the process of commissioning an independent safety audit to review all safety protocols and procedures across the entire operation.

[borisjohnsonshair] 15/4/2021 08:32

I don't see gold doing the triple bottom as inflation fears getting louder. US$2,000 an ounce coming.

[borisjohnsonshair] 15/4/2021 08:00

I love the comment that this was a 400,000 ounce mine, but 400,000 ounces have been mined and it's still a 450,000 ounce mine!!!!

[borisjohnsonshair] 15/4/2021 07:58

Q1 is always shortest - so look at year on year. It's smashed forecast. Listen to the interview. Awesome year ahead.

[tiger60] 15/4/2021 07:49

Predicted it bang on at 8,000. Not sure why it beats internal forecasts by so much with annual production guidance of 33000 - 36000 given by mgmt in their forward statement

I expect 8,000 qtr1, 9,000 qtr 2 followed by 10,000 times two with ore sorter on a conservative basis.(Tightfist - why did you assume ore-sorter in play? Don’t see that until June earliest)

I see the results bringing back a modicum of calm but proof of ramp up and resolution of outstanding issues to see this move up sharply. However, will move up on what I see as matching expectations and a move back towards ‘normal’. On we go

Can anyone point me to the official forecast for qtr 1 production? Thanks

[rachael777] 15/4/2021 07:35

should be moving back above the placing price today hopefully!

[borisjohnsonshair] 14/4/2021 15:02

78p in Canada. They know gold mining

[borisjohnsonshair] 14/4/2021 09:38

Whats wrong with direction? Alls going well accept some cash going missing in Q1 2020. No biggy, everything else fab.

[ppvn] 13/4/2021 17:02

I sincerely hope that the share price is now the BOD's #1, #2 and #3 concern. After years of patiently waiting I must say its now a little frustrating that we seem to be wallowing for an absolutely avoidable reason.

We've seen the lack of liquidity being the cause of a share price funk - that's been dealt with. We've seen mine by-product being the cause - that's been dealt with. We've seen a persistently low gold price being the cause- again dealt with. We've seen lack of funds to explore the tenements limiting the development - again, dealt with. There really are no more excusable causes left and I sincerely hope that the low valuation is remedied very soon. With cash balances of c.$20mm, being a profitable producer with imminent ramp up in production from c.40k oz to c.90k, this sensational exploration program that has already delivered some eye popping results and a market cap of £52mm something is very much not right at the moment. Hope I'm correct in thinking this should change and pronto.

Rant over! Ha.

[trader536] 13/4/2021 15:54

Hey Boris did you see the GRL chart?

[backinblack80] 13/4/2021 12:20

BJH, bearing in mind your recent actions...does this mean that you're an impatient amateur muppet who lacks bottle?
Just joking...I'll delete this post later :)

[imastu pidgitaswell] 13/4/2021 12:18

Yes - you never do that, eh?

😙

[borisjohnsonshair] 13/4/2021 12:07

Muppets selling. Only good news ahead and rapid jump way above placement price. Typical lack of bottle from amateur small time investors - impatient passing their money into the hands of the patient

[imastu pidgitaswell] 13/4/2021 11:58

Meantime that is a significant collection of 100% sell orders today.

Yet the price hasn't moved. So far...

[tightfist] 13/4/2021 11:55

Hi tiger,.I am hopeful the Ore Sorter is now back on-line, delivering the enhanced mill head grade. I think they said recently they were on-course to delivering towards the top-end of guidance. .However, don't overlook that the long-term Tailings stockpile is verging on exhaustion.....so that Au top-up very soon needs to be replaced by RoM ore..Cheers, tightfist

[tiger60] 13/4/2021 11:17

Bit different than 'mega' but lets leave it there. Ultimately we all want to see the same thing.

[borisjohnsonshair] 13/4/2021 11:08

An improvement of Q4 2020 is all that is hoped for and expected.

[tiger60] 13/4/2021 10:52

You can have your own opinions but you can't have your own facts. And those facts point to a forgettable quarter in terms of the numbers.