Serabi Gold Share Discussion Threads

[aimsurfer] 21/7/2021 13:24

Eldorado have the Tocantinzinho project on care and maintenance not too far away. The synergy I see with Amarillo is using existing and near term srb production to get more favorable debt financing to develop their open pit project thus reducing overall AISC for the enlarged group and a pathway to 200k ounces production.

[tiger60] 21/7/2021 13:04

Surely the 2 majors either side of us are the obvious candidates for a JV and I am thinking this year

[tightfist] 21/7/2021 12:20

Hi GP,.Agree with all of that, rather that we have a prospective staircase of incremental catalysts/opportunities rather than a step-change! And that is also my hope for the share price movement.....On a previous post I see mention of Amarillo Gold; however they are at the other end of the country, so very limited synergies? And they require a lot of Capex, around $145m for Posse project. I do like their recent presentation style, especially Permitting process on slide 13..I am more attracted to the scale and proximity of partnering with TSXV Cabral Gold (the country manager is ex-Serabi COO) who are an exploration company situated in Para State, further along the trend corridor ~120km NW of Palito/Serabi, and seem to have an annual appetite of ~£5m cash consumption - MC is £35m versus SRB at £49m..Any other suggestions? tightfist

[borisjohnsonshair] 21/7/2021 12:05

Yep another bitter & twister SRB loser from yester year!!! Funny they get so upset of their historical bad timing, that they can't bring themselves to reinvest.

[borisjohnsonshair] 21/7/2021 10:57

Your money! You don't have any numpty

[plat hunter] 21/7/2021 10:49

BIBMy monie's on the Nomad resigning in October and SRB getting suspended in favour of running it as a private enterprise.Obviously I don't want to be right, as this kind of skullduggery is not welcome on an exchange that takes my money but I just can't see any good reason for not issuing the accounts, if the problems have been identified and rectified with no further legacy issues.

[golden prospect] 21/7/2021 09:45

To paraphrase MH

About to go into an amazing step-change
Sitting at our best moment
Money in the bank
Robust
Making money
Gold price is good
Exchange rate in favour
Exciting stage beckons for Coringa
+ plant offers plenty of capacity
Just need folk to understand the pathway
( GP: clearly big 4 investors do!)

[tightfist] 21/7/2021 09:18

Hi AimSurfer,.Thanks for posting (#3412) the link to DigDeep, where we can appreciate a more thoughtful MH who is afforded the space to provide a lot more insight, views and context than the normal CRUX or brr interviews. I thought the timescale of potential expansion decisions, incurring fresh debt and M&A perspectives were all particularly useful, as background. (The divisions within the enormity of Brasil represented by the individual states was a painful reminder of a personal past business venture.....)..Thanks again, tightfist

[trader465] 21/7/2021 06:59

Why bother answering emails when you can get paid millions for doing nothing for one and a half years.

MH and CL are the uk’s worst benefit scrounges 🤣😂🤣

[backinblack80] 21/7/2021 02:13

Get the accounts debacle sorted, ASAP, ..

[plat hunter] 20/7/2021 23:12

Still kicking the accounts down the road.

[aimsurfer] 20/7/2021 18:44

Seen numerous comments now on JV optionality, interesting recent interview with Amarillo Gold out there who are looking to fund their open pit mine in Brazil, perhaps joining forces to create small producer with pathway to 200k production is favorable to both.

[golden prospect] 20/7/2021 16:15

Thanks AimS, a great interview.
Serabi very well positioned...
Corporate action will not be a surprise.

[aimsurfer] 20/7/2021 13:30

Interview with M Hodgsonhttps://omny.fm/shows/dig-deep-the-mining-podcast/154-dd/embed?source=twitter&size=square&style=cover

[borisjohnsonshair] 18/7/2021 11:30

Brazil's Covid infection & death rates nose diving, which is lovely to see.

[tiger60] 18/7/2021 06:49

The cash position whilst great is, I believe, as good as it is going to get for awhile. With the on boarding of circa 40 more employees cash burn is going to increase substantially. This in itself is not a bad thing. SRB are investing in taking the company to the next level but will still need to raise debt once the financials are signed off.

I hope MH’s ego can be kept in check and in the interests of timelines we JV. If we go it alone on these potential opportunities we will need to be very patient and trust delivery standards improve.

Also noted expectations of development metres again changing from the latest interview

Exceptional tenements but we need an equally astute management and strategy to go with it. Delivery and shareholder value will be the metrics to measure that by but it could be a long wait to see those manifest themselves. Come on partner up or we could be passing our shares down the family line. I think we are close to regaining old ground if we JV or bring in an experienced and respected COO (and CFO) but no sign of the current structure being changed - self interest above company ones? Will any IIs push for it or are they all too tightly integrated with operational management. Activist investor needed but no chance

[tightfist] 16/7/2021 14:37

Hi Cotton,.My over-arching impression is that they keep updating us on the evolving cash position with an unspoken message there is truly no "black hole" as well as being operationally strongly cash positive. .As you say MH's visit needs to be a lot more than celebrating a portal into a new mine. Confirming on the ground the robustness of future invoice settlements is one aspect, pulling-together the H1 data and outlook for an extensive RNS will be another. I wonder if CL will also travel out to sign it off?..Hi GP,.My thoughts are slightly different; I foresee Palito processing being expanded to support increased ore production from underground narrow veins, but timing may have to await release of resources? My hunch was that potential Open Pit operations will, in due course, be hived-off into a JV operating to the west of Sao Chico. The new RAB drilling programme may, however, delay or change the outlook - we will have to wait and see!.As ever, DYOR! tightfist

[borisjohnsonshair] 16/7/2021 10:23

Do you mean a diversified range of opportunities?

[linton5] 16/7/2021 10:11

Still here and being patient 🖖🤓

[borisjohnsonshair] 16/7/2021 10:10

Optionality?