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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serabi Gold Plc | LSE:SRB | London | Ordinary Share | GB00BG5NDX91 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 67.50 | 66.00 | 69.00 | 67.50 | 67.50 | 67.50 | 44,100 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 63.71M | 1.14M | 0.0150 | 45.00 | 51.12M |
Date | Subject | Author | Discuss |
---|---|---|---|
18/5/2021 16:30 | So it has been a closed period for the last 5 years! Kn@b | tiger60 | |
18/5/2021 16:21 | Tiger - when can Directors buy? All the time??? The day before reports - good or bad. You are showing to level - office boy. | borisjohnsonshair | |
18/5/2021 16:08 | That is exactly the question Boris. | plat hunter | |
18/5/2021 16:05 | New CRUX investor interview out now to members. When released to public if you have any concerns regarding this issue or the auditors I think you'll find the interview reassuring. | aimsurfer | |
18/5/2021 15:44 | BJ you don't want to go there based on your historic comments - keep to cheerleading. | tiger60 | |
18/5/2021 15:42 | Yes. Qualified accounts maybe but frankly who cares. | borisjohnsonshair | |
18/5/2021 15:38 | Such in experienced PI commentary. | borisjohnsonshair | |
18/5/2021 15:37 | Do you honestly think Director can buy with an outstanding audit!!!! Muppet | borisjohnsonshair | |
18/5/2021 15:30 | It's also possible that the relationship with the auditors has all but deteriorated, which would make the 80k irrelevant. Alarm bells should ring if they do eventually get the audited accounts filed, just in the nick of time and by a different auditor. | plat hunter | |
18/5/2021 15:13 | Really? The cash has been spent, whether on legitimate purposes or thieved for no business purpose. All an (external) auditor does is report on the assets and liabilities plus the P&L of the business. The fact that the cash has been wasted doesn't change the audit opinion - the cash they have is the cash they have. They will report on poor controls, and express all sorts of recommendations for improvement - but unless they believe they cannot express an opinion on the financial statements at all (i.e. they are totally unverifiable) then all of that will be to management. OK, there will be some comment in the cover blurb by management on actions taken, but that's about it. | imastu pidgitaswell | |
18/5/2021 15:04 | I do not envisage getting the published accounts until very close to the deadline. These discrepancies go back to 2015. That means historical audited accounts are not only wrong but the auditors failed to pick up on any wrong doing. Which now means any professional that touches those accounts will be ultra cautious. Every expense claim, cash withdrawal etc for the last 6 years needs to be checked against paperwork and traced back to source. It will take time. But as I said it is bad enough the auditors did not pick it up in 2015 and every subsequent year but for the board to not be aware of the failings of their internal finance department is just beyond me. Anyway hoping the gold price will support this until a nugget of good news actually comes from SRB itself. I still believe the fact that there has been no director buys for a good number of years is a negative to potential investors. Like I said if MH truly believes we are massively underpriced against our peers why not buy our shares? | tiger60 | |
18/5/2021 13:23 | Agree with your post Tiger, though it pains me to say it. The BOD here have got exactly what they wanted; more shares in float, more cash for exploration, had time aplenty to get the ore sorter in etc etc. Having been here a few years now there are now no more reasonable excuses for this floundering share price performance - every other goldie has pretty much wiped the floor with Serabi and it's getting quite frustrating now. Things need to change share price wise and fast - this accounting issue was a kick in the nuts none of us needed and its frustrating it hasn't been put to bed already. | ppvn | |
18/5/2021 08:11 | Gold nicely rainy to coincide with the nonsense at SRB being out behind us and then the good news expected in 2021 can rock the price. Currently he resting around US$2M FCF a month. US$650 x 3,000. I assume the AISC has dropped from its peak. Less cash being withdrawn and staff expenses!!! | borisjohnsonshair | |
17/5/2021 09:13 | Gold has breached next resistance of $1850 so looking good to continue its upward progress. Meanwhile SRB is 71.3p to buy....tick tock Get the feeling this is the last roll of the dice for the current management. They got what they wanted. Enough cash to run an expansive exploration programme free of financial constraints, along with funds to start the ball rolling on Coringa. So far the strategy and stated aim of building shareholder value by increasing liquidity and by publishing monthly expo results has failed miserably. Mainly due to distractions created by last years assay discrepancies in Qtr 3 and the accounting irregularities. Ultimately these are the responsibility of the board and as such they should burden the brunt of the blame. There is also a lack of brokerage coverage here (not a great fan of those reports but at this stage every little helps). We need to turn the corner and quickly. Time is running out for Mike and Clive. Mid July will give me a good idea of where this is going but it is a painful wait with gold showing signs of a resurgence whilst this miner is stuck at a price seen 2 years ago | tiger60 | |
17/5/2021 02:36 | They are waiting on 2 licences, LI and LO. LI, installation licence needed to build the plant, expected qtr2 (per presentation) or middle of the year per announcement in January. Lo, operating licence, I presume is expected by year end once plant is assembled and construction approved. IIRC, they were expecting to start mine in July. | cotton4 |
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