Serabi Gold Share Discussion Threads

[francisthornhill] 11/8/2021 14:30

The last 2 X 100k trades are showing as buys for me. ?

[borisjohnsonshair] 11/8/2021 14:05

Masses of buying. The smart buyers have got all the weak sellers. It's buy buy buy now. Accounts out very soon.

[tiger60] 11/8/2021 12:42

Add in another 100k sell. Lets see what the rest of the day brings

[golden prospect] 11/8/2021 12:03

Substantial volume today so far 446K,
Feels like the flash crash for Serabi in April gets played again

[tiger60] 11/8/2021 11:43

9.57 2*50K and 10.14 2*50K at 62.50 but they were 'delayed publication' so nearly certainly sells or rollovers. As stated before there have been more than a few chunky sell trades going through hopefully those rotating out of gold rather than micro level decisions

We never get holding RNS's issued so we can only assume all major holders are still on board but the company have it in their power to change the narrative. My only concern is prior to the placement the share price fell from 90-75 so there is some space for assuming prior knowledge. Lets hope not - we will find out soon.

[tightfist] 11/8/2021 11:27

PS: What do you make of those four just-reported 62.5p large trades? Can anyone see the date of them? Cheers, tightfist

[tightfist] 11/8/2021 11:23

GP; As one hand reaches to release the Accounts Handbrake, now PoG hovers over the Footbrake. IMO for lift-off, we really need a positive macro gold sentiment as well as a positive shift in company sentiment along the lines expressed by tiger..DYOR! tightfist

[tiger60] 11/8/2021 10:54

This is falling as per most gold stocks. The difference is the starting point. Whilst some of their peers motored forward over 2019 and 2020 we regressed.

To be fair in terms of communication SRB are one of the best companies in keeping investors informed. However, although the frequency of updates is outstanding the content is sometimes questionable when revisited.

They need to concentrate on production. At 10,000 oz a quarter we are more than worthy of an uplift in the share price As I see it funding Coringa at a good price is now our most immediate issue with markets peaking and gold falling out of favour best to do this now. Once achieved organic cashflow and development funds should see us with no further funding requirements for a good few years and then fundamentals kick in. No funding requirements post Coringa will be immense over the next few years with interest rates set to rise and as I see it an equity market correction coming.

The next update is crucial though. Signed accounts and possibly a nod to the fact that we may beat production guidance would be ideal. H1 has seen production of circa 17,000. I would expect at least 10,000 from Qtr3 and 4, lifting us to 37,000+ for the year.

It is a matter of restoring credibility through stable production. The Expo is an added bonus and if we can entice a partner and drive up our resource base even better. None of this is priced in. Interest from a neighbour could add the cream but at the moment I would settle for a small reverse of the trend and that is in the hands of SRB with their next set of news. We deserve a break.....

[golden prospect] 11/8/2021 10:37

D-day beckons, feels like we are driving with the accounts handbrake.

[borisjohnsonshair] 11/8/2021 10:13

Fundamentals fab just tidying up loose ends.

[borisjohnsonshair] 11/8/2021 09:34

Interesting selling. Classic impatient amateurs selling as a company becomes better value. Shockingly low MCAP for this gem.

[buywell3] 10/8/2021 23:52

POG to $1650 looking likely due to FED comments today

Will that POG hold ? otherwise




gla dyor

[tiger60] 10/8/2021 14:09

Well we need something to distract us. Gold getting hit, buy price below quoted price and expo news getting us nowhere.

It really is time for the company to stand up and deliver shareholder value. The interviews over the last 2 years breed hope whereas the RNS deliver a more sober assessment of our situation.

I can only hope the accounts (with high qtr 4 costs, revenue correction of nearly a million for qtr 3 and the write off of the regional debt) and the closure of the accounting irregularities will draw a line under the bad news. The share price has definitely reflected those concerns.

For me the next set of news is my inflexion point. I can see no reason why we should not be targeting 10,000 a qtr from July onwards and why the ore sorter should not be back in action.

[tightfist] 10/8/2021 10:44

Hi,.I have mentioned on here before the value creation curve of a potential gold mine - the Lassonde curve. Here is a down-to-earth presentation of the curve in share price action as the generic gold mine passes through to production. A good listen and applicable to SRB from 1:30 to 11:30. Later on he talks of the superimposition of these curves; SRB clearly has at least three maturing curves: Palito, Coringa and potential Open Pit exploration:.https://6ix.com/event/growing-the-company/.Enjoy! tightfist

[oapknob1] 09/8/2021 17:33

Which is it ?

[tightfist] 09/8/2021 12:50

Hi GO, the clean totally debt-free scenario will only become truly apparent from H2? .Presumably today is 95% Sells, continuing to be soaked-up by a large Buy order gradually being filled? Let's hope they have completed their own robust DD! tightfist

[golden prospect] 09/8/2021 11:34

Should be interesting to see if Serabi go with Friday 13th for double release.

A chance to bury any bad news in FY 2020 such as irrecoverable receivables.
Then H1 2021 should look lean and mean, especially given debt free

[tiger60] 09/8/2021 10:41

So when asked about your holding you replied 'Modest as play money'. Now you are saying you have between 20,000 and 30,000 shares.

Hmm you are either very rich or......

Peoples holdings are all relative to their situation what is a lot for someone is insignificant to someone else and vice versa. We all have our own agendas, limits, risk etc. but we are all vested parties and all welcome to comment etc without the need to worry about the size of holding. No one is judging...

[borisjohnsonshair] 09/8/2021 09:25

2-3 times yours pal.

[oapknob1] 09/8/2021 08:30

So how many shares do you hold Boris ?

[borisjohnsonshair] 09/8/2021 08:07

Lucky buyer taking all the mugs stock that's being sold. The storm in a tea cup nearly over then ?

[backinblack80] 09/8/2021 00:05

tightfist, that would be a sensible plan that most would assume/hope....But, with this BOD, who knows? Hope you are correct!

[tightfist] 08/8/2021 21:05

Hi tiger, .I speculated here a few weeks ago that 2020 accounts, (inc fraud closure statement), H1 2021 Interims, MH Brasil visit report-out, Coringa portal excavation, restart of Ore Sorter? would all come as one big package at some time during August. It may be accompanied by further exploration data too?.Here's hoping, we something dramatic to kick-start an upward share price trend! tightfist