Serabi Gold Share Discussion Threads

[trader536] 02/6/2021 08:20

Listen to the latest video again boris, they've increased the timeline to 2025, this has given them another four years to milk the company.

Meanwhile the share price will do nothing, just like the directors.

Jam in 2025, I suggest you sell up an take another look in 2024

[borisjohnsonshair] 02/6/2021 08:04

Wow - how much did you lose here. I'm still near 100% up. Happy days.

[trader536] 02/6/2021 07:32

CL sat at home for a year and too lazy to visit a dentist, so you wouldn't expect the lazy muppet to look for cash and gold getting nicked

[trader536] 02/6/2021 07:17

Hmmmm another failure to deliver

These pair of mop heads haven't been to the mine for over a year, what do you suppose they've been doing with all this free time?

Surely they must be bored of staying at home shagging the wives by now??

[trader536] 02/6/2021 06:14

You ready for the 7am blockbuster Boris?

[trader536] 01/6/2021 17:52

23:10 "the ore sorter is just a tweak"


In 2020 the ore sorter was said to be transformational


Another great story from Jackanory Gold 😆😂🤣

[trader536] 01/6/2021 17:44

Only "intention" for 40koz production in 2022

Note the word used is "intention" 😆😂🤣


It's no wonder the share price is going nowhere boris

[trader536] 01/6/2021 17:25

With all the money CL has taken from Jackanory gold you'd think he would have gone to a dentist to get those teeth fixed

[trader536] 01/6/2021 17:22

Boris watch the video again...

I love he sheepish look on their faces when asked "where are you, is anybody in Brazil?"

MH: "I'm working hard on TRYING to get out there"
"HOPEFULLY before the end of Q2"


How does one "work hard" on "TRYING" to book a flight 😆😂🤣

Note the word used was "HOPEFULLY" 😆😂🤣

[trader536] 01/6/2021 16:59

BorisJohnsonsHair - 27 May 2021 - 16:50:00 - 2947 of 2970 Serabi Gold - SRB
MH said before the end of May, so I doubt he’d want to fail on this, with the other issues pending.



Yet again the muppet at the helm has failed to deliver 😆😂🤣

[tightfist] 01/6/2021 12:18

Hi tiger, thanks for your feedback. On 15th April SRB announced 3,573m of horizontal development in Q1. On a quick re-read I cannot find a figure of total Q1 drilling which contributes to the 32,000m drilling guidance for 2021, maybe you can point me in the right direction? Only after further drilling would it make sense to progress to a district-level JV?.Within the AGM notice the Chairman recently said "The Company is planning to complete its 32,000 metre drill programme before the end of the year and, in addition to plans to undertake some initial drilling over the Calico prospect, will also be testing the Cinderella prospect to the east of Sao Chico later in 2021".Which seems to further raise commitments?.I am hoping that some news management is in-play, and that the accounts issue is going to be closed-out soonish, before the next exploration update. Wishful thinking maybe.....Cheers, tightfist

[tiger60] 01/6/2021 09:47

Yes it is all about a tie up with a major, but on good terms and to me it makes perfect sense.

I worry about the development metres because quarter one was just 3750 as far as I can discern. I also worry that the predicted level was based on 5 drills. They have confirmed the fourth is on site in June but nothing about the fifth. From a technical perspective can anyone explain why post June they believe they will manage 3,500 metres a month compared to 3,750 for Qtr 1?

I really wish they would give a production target for Qtr 2 as we will now be in the same situation as we were in quarter 1 with no given metric to measure their performance.

Gold at 1907.

And where is the expo update? BTW it is one thing to get the accounts the second is seeing the impact of the costs of Qtr 4, re-assessment of revenue Qtr 3 and the write off.

[borisjohnsonshair] 01/6/2021 09:35

Great weekend this end. Got to the coast - lovely. The mill could break but more chance of you finding a friend. SRB pumping 100 x US$700 free cash flow EVERYDAY. Someone can do that maths for you. It's approx what was nicked in 2020. JOG ON.

[tightfist] 01/6/2021 08:56

Hi tiger, thanks for your comments. Maybe I over-interpreted the drilling meters target info - I saw it as the Chairman publicly keeping MH on the hook!I too thought it was a cheeky to declare they surpassed their internal Q1 production budget target AFTER the event; I suppose it was just intended as a feel-good statement looking out to the year-end and we are hyper-sceptical at present? Regarding the Ore Sorter I am anticipating plenty of noise once the RoM ore flow rate necessitates the OS to come back on stream - a while ago I was expecting it about know whereas BJH backed July IIRC; not long to go now. The OS would be required to achieve 45,000 Oz in 2022.The market is not in a mood right now to give much credit to the exploration results. IMO what would really excite things is a deal with AA (who tbc control the central tenement) to collaborate in pursuit of Sao Domingos through to the Messias trend, etc. This seems TOO logical to be ignored in due course.Here's hoping for the accounts to be released before the AGM......DYOR but Onwards and upwards, tightfist

[sherry35] 30/5/2021 16:41

Goldeb Prospect - Thank you for post 2956. The pictures are very encouraging especially the aerial view with grades.

[trader536] 28/5/2021 14:16

Boris it seems your mate Michael of Jackanory Gold is full of empty promises, perhaps something to do with UK pubs opening up? Is he out on the beer instead of booking himself a flight to Brazil?

Will he remain silent until this gets suspended?

[golden prospect] 28/5/2021 11:00

A final thought, once they have completed this $5m programme, it may be suitors will step forward and the optionality process is taken away from them.

[ Revisit this aspect in coming months or by end of 2021 ]

[golden prospect] 28/5/2021 10:52

In any event, the 2021 drilling programme will determine where the energy goes. It may well be that Palito complex is expanded. The optionality looks great, perhaps a JV.

[borisjohnsonshair] 28/5/2021 10:48

Coringa development is US25M with 20% contingency- US$20M. By Mid 2022 is all affordable but not all required until the end, so debt could be very low or zero.

[borisjohnsonshair] 28/5/2021 10:47

They may generate US$20M cash in 2021!

[golden prospect] 28/5/2021 10:41

t60, it's possible that organics may come to them. They don't need the additional monies for some time, and in the meantime gold prices above $1900 may make some great contributions.

[trader536] 28/5/2021 10:31

Down again boris, people are dumping ahead of suspension to avoid having their cash trapped

[tiger60] 28/5/2021 10:21

It matters if you are trying to raise debt in the market. Financials are a key part of the credit process - without them then the credit grade drastically reduces and funding will not be forthcoming. And SRB need to fund Coringa development