Serabi Gold Share Discussion Threads

[borisjohnsonshair] 25/7/2021 10:32

Ah you mean senior management not BoD?

[backinblack80] 24/7/2021 22:15

Boris, behave yersel! After all, we wouldn't want you selling out again... Listen, he should be on-site (hands-on) to oversee the development of Coringa, at the very least.....

[backinblack80] 24/7/2021 22:12

Tiger, many thanks for the detailed response. Hopefully, they will meet deadlines with Coringa. Also, with some exploration success and the ramp up to 80-100k this should greatly increase market awareness of the Company.

[tiger60] 24/7/2021 08:42

Throughout the history of SRB there has been a chasm between the forward statements and actual delivery. For this to move forward we need to hit our targets including development schedules. If Coringa is operational Qtr 1 2023 I would be more than a bit relieved to say the least.

For me and this is a personal opinion we need more board members with high industry standing and a history of meeting project milestones per forecast. So new blood would be beneficial especially with neither MH or CL having a vested stake - why should others invest if there is the obvious anomaly of MH calling out the shares are undervalued but will not buy the shares himself over the last 5 years? (Addition: However, I expect there is no one that knows more about the tenements and structures below them than MH and if he were to be replaced then there would be a further period of share price disruption. So the best result, from my perspective would be a new face to work alongside MH - CFO COO can go - rather than wholesale change if we are to reverse the share price trend - rock and hard place comes to mind)

In addition, it makes me a bit annoyed when I see the corporate presentation call out we are a stable 40,000 oz producer when we achieved that feat once and even then only by a few ounces. Those obvious things though trivial add to a feeling of mistrust.

We are also in a macro rotation that has hurt all goldies so any reversal of this trend will automatically lift us but at a micro level (again only my opinion) a JV with a major - assuming fair terms and if the expo proves up a viable target - would be the catalyst to cheer us all up. I believe it will happen but I think we will need further patience on the expo front and then detailed analysis to present an attractive proposition. However, as we wait the share price drops and an immediate boost would most likely come not from a picture at Coringa but confirmation enough ROM has been achieved to trigger the start up of the ore sorter, thus indicating a return to 10,000 oz quarters and result in us surpassing what is a pretty conservative annual production guidance figure.

[borisjohnsonshair] 24/7/2021 08:02

BOD "hands on". OMG - get back on your shoe shine box.

[backinblack80] 24/7/2021 00:33

Tiger, what do you reckon is wrong here? AND, more importantly, what is the solution? Personally, I think, at very least, the CFO needs to go. They also need to comprehensively put this matter to bed before any further announcements. The BOD need to get out to Brazil and be hands on.....Actions speak louder than words....

[plat hunter] 23/7/2021 15:31

Agree tiger, the accounts will be relief to existing shareholders only, the damage here is reputational imo. There's still a lot of questions that need answering and I suspect the ugly ones will be brushed under the carpet by several carefully choreographed interviews with a few choice youtube channels.

[imastu pidgitaswell] 23/7/2021 14:40

I am not saying it is - but I am saying that nothing else (which might be a panacea) will be seen as positive until they put the issue to bed.

[tiger60] 23/7/2021 14:39

The issuance of the accounts will not be the panacea to the share price some think.

[golden prospect] 23/7/2021 13:28

TF, I would go for Monday 16th

[tightfist] 23/7/2021 13:18

Is Friday the 13th really your wish.......

[golden prospect] 23/7/2021 13:05

IP, the main players in the game appear OK with our leaders

Fratelli Investments Limited 25.5%
Greenstone Resource II LP 25.2%
River & Mercantile Asset Management LLP 6.8%
Premier Miton Group PLC 6.5%

[imastu pidgitaswell] 23/7/2021 13:02

I'm happy to wait - I have what I want at current prices and expect to offload them for a lot more. I just don't know when - sometime next year probably, so I don't care what the price is this month, next month etc.

But the tone-deaf nature of these 2 'leaders' doesn't inspire me - or many others, it seems.

[golden prospect] 23/7/2021 12:57

IP, stored value. Only 3 weeks to go.
There'll be plenty more news subsequently.

[imastu pidgitaswell] 23/7/2021 12:49

But the point yesterday stands - any potential benefit from releasing exploration updates is dissipated, and it seems eliminated, while the accounts remain unpublished.

Better to keep the positive RNSs for after the results are published.

[golden prospect] 23/7/2021 12:46

Market values Serabi at £48m

Less Cash £13m ($18m)
Less Coringa purchase £16m ($22m)

Gives a paltry £19m for everything else !!

[borisjohnsonshair] 23/7/2021 12:30

I see you focus on your personal vendetta rather than business fundamentals. This is probably why you are a loser.

[golden prospect] 23/7/2021 12:28

We know the balance sheet is in rude health given debts paid off, so the measure of cash has been useful.

18th June
"Cash balance at end June 2021 projected to be in excess of US$17.25 million."

15th July
"Cash balances at end of June 2021 were US$18.1 million with all debt obligations now repaid. Cash was higher than initially forecast partly because of higher gold sales in June than originally projected"

[trader465] 23/7/2021 12:27

MH and CL need to resign before the price will rise, the market has no confidence in them.

[golden prospect] 23/7/2021 12:25

Interims (historical dates)

14 AUG 2020
14 AUG 2019
14 AUG 2018
14 AUG 2017
12 AUG 2016
14 AUG 2015
14 AUG 2014
14 AUG 2013
14 AUG 2012


Guess Interims 2021 + Y/E 2020 will be Friday 13th August 2021 (3 weeks time)

[glasswala] 23/7/2021 12:19

This share just drifts lower and lower. Nothing seems to be positive for it to rise upwards

[borisjohnsonshair] 23/7/2021 10:34

What does that mean?

[golden prospect] 23/7/2021 09:27

Looks like the gap on the Serabi chart from 15th July has been filled.

Record : Trade 45,918 @ 65p (=£30K) just published