Serabi Gold Share Discussion Threads

[trader536] 30/6/2021 17:39

You gorra laugh at these muppets.

January 2020....


"With the operation being plant constrained, every hour counts, hence we
focus strongly on the quality of the ore feed and maximising plant
availability. With the process plant running so well, we look forward
to the commissioning of the ore sorter during this quarter. This will
'screen out' waste rock ahead of the milling section and liberate much
needed capacity, allowing us to achieve improved levels of gold
production in 2020 without needing to expand the milling capacity.


"Every hour counts" ......the muppets have been sat at home every hour for over a year while production is falling and the gold and cash is getting nicked 😆😂🤣


The share price is reflecting the laziness and incompetence of the muppets at the helm

[kennyp52] 30/6/2021 17:06

omg .. forgot about that transformational ore sorter !

[chipperfrd] 30/6/2021 16:59

Thanks GP - a very useful reminder!

[golden prospect] 30/6/2021 16:11

Yes indeed, clever equipment that is expected to be utilised 2H2021

[bsg] 30/6/2021 15:58

That is clever!

[golden prospect] 30/6/2021 10:35

Q2 ends today, well done Serabi for achieving approximately 9,000 ounces

Q3 may be 10K+ and chance for ore sorter to come into play

Palito Ore sorter

[bsg] 29/6/2021 15:52

Gold's tanking, SRB goes up! Go figure.
When gold goes up SRB tanks!

[tightfist] 29/6/2021 11:45

Hi tiger,.Thanks for your great considered post three days ago - appreciated by me and others. Setting aside the accounts issue (for the time being and future fraud prevention measures, the uncertainty of which is clearly unhelpful for the sp), the heart of the issue still seems to be that SRB/SBI is currently valued as an unproven would-be expanding producer in a fickle gold market. .To achieve next year's guidance of 45k Oz they will IMO clearly need the RoM increased and the OS brought back on-line - "When" rather "If" is the question and my hunch is that it's imminent.... The H1 results should provide more insight in mid-August..Personally I read last year's Major interest as their pure opportunism; I don't perceive MH as an egomaniac. IMO I am confident that MH and Banad?s will be looking for a deal that fully realises shareholder value and provisions Human Resources - the exploration programme is their way of achieving that and has encountered unrelated headwinds regarding the share price IMHO I foresee a JV that pursues an Open Pit operation (and leaves the more artful narrow-vein and Ore Sorting operations with Serabi, especially after their predecessor's prior history of excessive, disasterous dilution when attempting upscaling). .To trigger that elusive share price Bounce we surely need the Accounts issue fully resolved, a credible outlook for this (and next) year's production and a reasonable outlook for PoG. The Coringa licence and portal can come a little later, as could a Major partnership or AA tenement access deal..IMO there's a lot to play for, and we need to dig-deep for patience to see us through the next few months - just as Miton did - but DYOR!.Good luck to all holders, tightfist

[aimsurfer] 29/6/2021 09:48

Reading the comments here you'd think this share has no hope. My interpretation is lack of historical progress was due to the company trying to grow organically from internal cash flow. Covid certainly didn't help. Now that the company has come to market to improve the balance sheet and tidy up the shareholder register the plan is clear. Double production in 24 months. Finally the company has $ to spend on meaningful exploration giving potential additional upside with open pit opportunity given initial positive exploration results.Regional consolidation is still a possibility for me. Whether a deal can be done is a separate question. Either way 12-24 months I see upside.

[golden prospect] 29/6/2021 09:48

T60, if you're a believer in Sao Domingos then "if the current drilling success continues, the possibility of a future open pit opportunity may exist."

[tiger60] 29/6/2021 09:45

How many narrow, deep vein miners get taken over by a major?

If we could identify and prove up the economics of an open pit resource then we are in the game.

[golden prospect] 29/6/2021 09:14

SRB seems to be market valued as an explorer rather than producer

75.7m @ 63p gives MCAP £47.7m

less cash $16.4m (£11.7m)

gives implied MCAP £36m

Unbelievably cheap compared to peers - ripe for being picked off

[sherry35] 29/6/2021 03:15

Yawn. Same old discussion on this board about the infamous executive mgmt style. Always late. Moving targets. I wonder if the ore sorter is up for sale. Anyways, when does BOD do a executive team shuffle?

[kennyp52] 28/6/2021 22:03

Menial .. really ? You resorting to that kind of comment ? Dear me . Trader536 I can understand . It must be the stress of holding these I guess 🤷‍a94;️

[borisjohnsonshair] 28/6/2021 20:30

Hard for someone in a menial position to fully appreciate, so you should abstain

[kennyp52] 28/6/2021 17:43

Well deserved salary ? Now I know you are deluded Boris

[trader536] 28/6/2021 16:48

The pair of lazy useless Muppets at the helm need to resign before this becomes investable

[borisjohnsonshair] 28/6/2021 13:44

Share in price agreement zone. Large change coming up - which direction is the question.

[plat hunter] 28/6/2021 11:43

Corse you can boris

[trader536] 28/6/2021 10:44

Down almost 50% since September, if you lose 50% you need to make 100%