Serabi Gold Share Discussion Threads

[borisjohnsonshair] 13/8/2021 07:19

It's more great news. Pulling back the elastic band ready to launch the rocket when the accounts are released. Only muppets are afraid of this mad opportunity. My guidance is now upgraded 600p in late 2023.

[golden prospect] 13/8/2021 07:13

I'm amazed Serabi make a drilling announcement when it is clear that investors are frustrated by not having the accounts.

[imastu pidgitaswell] 12/8/2021 14:48

😎

On the wrong thread as well...

[rachael777] 12/8/2021 14:45

and there was me thinking with such a flurry of posts that we must at last have had some news.....nah - course not!

[borisjohnsonshair] 12/8/2021 13:58

It's not good if you brought at 115p and sold yesterday but that's your style. Great to buy at 40p and hold until 1000p.

[plat hunter] 12/8/2021 13:45

Lol stu... I wondered what happened to my post, literally crying. You still don't see it, anyway let's hope they sort it soon eh because this has been nothing short of a disaster so far. Most goldies have suffered similar retraces over the last several months why you'd choose to chase this one down is beyond my reckoning. Still, your money I suppose.

[imastu pidgitaswell] 12/8/2021 13:23

Their RNS on 1st April stated:

"The Company envisages being able to publish its Accounts in accordance with the requirements of the AIM Rules, but if the delay is likely to have any effect on this, then a further announcement will be made in due course"

Their RNS on 6th April stated:

"As previously announced, the Company envisages being able to publish its Accounts in accordance with the requirements of the AIM Rules, but if the delay is likely to have any effect on this, then a further announcement will be made in due course"

Their RNS on 11th May stated:

"The Company remains confident that based on the results of the enquiries to date, the Financial Statements will be issued prior to 30 June 2021"

Their RNS on 28th May stated:

It should, however, be noted that with the delay in the completion of the audit of the 2020 Financial Statements and Annual Report (the "2020 Accounts"), it has not been possible to publish the 2020 Accounts prior to issuing this Notice and
therefore no resolution to receive and adopt the 2020 Accounts is being proposed.

Following the publication of the 2020 Accounts, a separate meeting will be held later in the year at which such a resolution will be proposed and at the same meeting the Board will propose the appropriate resolutions for the appointment of the auditors and the authority to set their remuneration"

Their RNS on 18th June stated:

"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. Management currently expects that matters can be concluded promptly and that the audited results for 2020 can be issued during August 2021."


And that's where we are.

Where exactly is the 'nothing was communicated' thing that you are talking about? The only thing I can see that might theoretically be an issue is the 11th May statement; it said the remained confident that they would publish. Later in the month or in early June they were not and by 18th June had received permission to delay.

Were you expecting them to announce that they had applied for a delay - before they received a verdict? I wasn't - and I don't think anyone (maybe apart from you) was.


PS - and put it on the right thread next time..

[plat hunter] 12/8/2021 13:10

90k ounces...I'm speechless for once lol

[plat hunter] 12/8/2021 12:56

Look at what happened here since june...Https://www.tradingview.com/x/PKvQR6NcThen go and read the RNS's prior to the AIM extention and see if you can reconcile where the BOD had failed to deliver on their undertaking of the matter. Something about that they would update the market should they need an AIM extention rings a bell. Given the deadline for applying was set in stone there was plenty of time for the bod to be honest.Noting was communicated but a shifting of a delivery date that never occurred. Hopefully and I genuinely mean hopefully, it'll be 3rd time lucky this time.

[imastu pidgitaswell] 12/8/2021 12:38

"Your failure to understand the nuances of language and the written word"

Oh, the irony...

Read the post in the link. You managed to be unable to click on links last time, I recall.

Flat wrong, every time.

[plat hunter] 12/8/2021 12:37

Stu, Your failure to understand the nuances of language and the written word doesn't make everyone else wrong. It's something that seems to follow you round from one disastrous board to another i've noticed.


Keep up the good work, you called this spot on so far.

[plat hunter] 12/8/2021 12:29

"The Company remains confident that based on the results of the enquiries to date, the Financial Statements will be issued prior to 30 June 2021."


"The Board currently expects that the audited results for 2020 will be issued during August 2021."


halfway through August now... I wonder if the next update will be a promise to update it's shareholders by twitter once they'#e ready to relist? Experts at kicking the can down the road and not good at much else it seems.

[plat hunter] 12/8/2021 12:19

"You’ll be selling at 300-500p in less than 24 months"


Is there some kind of consolidation event I'm unaware of? There's more chance of this getting suspended at the end of September than 5 bagging in 2 years.

[borisjohnsonshair] 12/8/2021 11:44

Big buy!!! Wise move. You'll be selling at 300-500p in less than 24 months

[imastu pidgitaswell] 12/8/2021 11:19

I've just added somewhat to that volume (buying)

[golden prospect] 12/8/2021 11:01

It's a strange price vacuum waiting for the Serabi accounts.

A massive 3 trades with volume 1,963 shares in opening 3 hours = £1205

[borisjohnsonshair] 12/8/2021 08:12

Big bounce off support, then blue skies to 85p. Sail through resistance and onto next stop 115p. Happy days - buckle up all those who did get suckered into selling!!!

[golden prospect] 11/8/2021 18:52

Intriguing volume today with closing declaration of 900,420 shares, the highest in 5 months

Will Serabi go for reporting on FRI 13th ?
(better to use MON 16th unless friday gives time to reflect)

[tiger60] 11/8/2021 17:47

Delayed trades.

[borisjohnsonshair] 11/8/2021 17:06

No common sense based on potential and assuming news is honest

[kennyp52] 11/8/2021 16:35

Got to admire your optimism Boris .. is it blind though ?