Serabi Gold Share Discussion Threads

[plat hunter] 18/6/2021 15:14

How on earth has that "cleared up the suspension business"They've still not filed!!!

[borisjohnsonshair] 18/6/2021 14:10

Ebitda of US$15M. At PE 8 it's GB£90M, based on Palito alone. Wake up market.

[golden prospect] 18/6/2021 11:28

Confirmation about making the right choice

See Page 19

River and Merc exit HUM, and consolidate into Shanta Gold and Serabi Gold

[golden prospect] 18/6/2021 11:14

Excellent update - well done Serabi, great job




Plenty of confirmation that progress continues and a very healthy cash position to move forward from.

Portal development at Coringa expected to begin in July 2021.

Seems management are on the ball and all the talk of suspension "by bashers" was simply nonsense and scaremongering - but all noted.

[imastu pidgitaswell] 18/6/2021 10:47

No I haven't. You have missed it - wrong every time. Read it back, early April and more recently.

But you won't.


I'm not wasting more time on your cretinous inaccuracies. You try and prove what you said was correct.

[plat hunter] 18/6/2021 10:46

You've totally missed the point stupid. Try reading what i posted and the original RNS's again.

[imastu pidgitaswell] 18/6/2021 10:44

"yet no update or reason why the 30th June deadline couldn't be met"


Read the bloody detail. Moron.

"Continued restrictions on internal travel within Brazil and the need for Deloitte and Serabi to take appropriate precautions to protect their employees against COVID-19 has resulted in this work taking longer than originally projected. The completion of the audit of the 2020 financial statements remains dependent on completion of Deloitte's work programme."

[imastu pidgitaswell] 18/6/2021 10:44

Go on Plat - pull that apart. You know you want to.

None of that is particularly new, other than the detail of the 5 month cashflow - but even that was broadly known and calculable. And it shows notable developments since the end of December 2020, not least the fundraising and applications of the monies raised.

And, shock, they have a reporting deadline extension - because timely completion was impacted by covid restrictions. Who would have thought it?

As before, your inability to read things properly, to make reasonable deductions and not make ludicrous extrapolations from information that wasn't there anyway, is astounding.

But you won't accept that you do that, will you?

[plat hunter] 18/6/2021 10:42

The bod also stated they would update the market if it became apparent that the 30th June deadline could not be met.Another lie, they're clearly new at the tine of applying for am extention, yet no update or reason why the 30th June deadline couldn't be met.

[nickwild] 18/6/2021 10:41

just bought 6k - listed as sell at 63.3499!

[plat hunter] 18/6/2021 10:40

How so... that 80k turned into 200k in matter of days not weeks. Now months later and still not finished and still no update on the size of the actual problems.Take those blinkers off, this bod fail at every target they set themselves in an RNS

[nickwild] 18/6/2021 10:27

Very positive update. Estimate of accounts reporting in August reassuring. Producing and selling gold at rates above previous quarters and increasing each quarter.

[aimsurfer] 18/6/2021 10:27

Forensic investigation will probably cost them more :( But it was needed. Had a loot at the recent presentation, plenty of scope for growth from here.

[waterloo01] 18/6/2021 10:23

Some reassurance in there and decent cash generation. At least we now know the extent of the fraud and in the scheme of things, it's not overly material. IMO

[cotton4] 18/6/2021 10:10

Positive update.

[golden prospect] 18/6/2021 08:04

Great update, plenty of drilling information

Notes

* Willing participant in accretive M&A
* Tight share register
* Coringa : Equinox spent C$65m (2016-18)
* Coringa : AISC US$852/oz
* Coringa : At $1700oz, IRR 85% (amazing)
* P21 : Significant re-rating potential
* Mine-site & regional exploration targeting >3Moz
* Low risk, low cost doubling of production
* Proven producer generating free cash flow

[tightfist] 18/6/2021 07:58

Hi Cotton,.I was previously aware of Melo; maybe there in lies a clue? Hopefully this reporting delay is coming to an end......Enjoy the latest presentation, good to see disparate information all pulled together. PPVN may have some insights. It's quite a while since I reviewed the Coringa potential..Cheers, tightfist

[cotton4] 17/6/2021 21:05

Hi Tighfist,

There was also a general manager, Ulisses Melo, who no longer is included in the SRB website under Directors and Managers. Roney Almeida is a relatively recent appointment and wasn't there in 2015. So I suspect Melo is now gone along with another manager who wasn't included on the list. It would be no surprise if the other manager had an administration function. Still to have a look at the presentation.

[tightfist] 17/6/2021 20:34

Hi Cotton, I see the corporate presentation was updated last Friday, the 11th. It now includes a good summary of all the recent exploration results and intriguingly the possibility of multiple mines at Coringa. .The chap appointed as COO on 30 Sept 2018 was Roney Almeida and he is included in the roll call on page 24..Cheers, tightfist

[tiger60] 17/6/2021 14:44

Gold at $1800 is far from a disaster for SRB and they will still make a hefty profit. The last reported AISC costs of $1200 are very high but as production increases we should see this coming down. In addition, the strength of the dollar although harmful for gold should see FX benefits related to local costs.

They just fail to get any momentum. It is just so frustrating.

[trader536] 17/6/2021 14:32

wow over 84k shares dumped and not a single buy

It's a real muppet show here, goofy and his mate have made a right pigs ear of the job