Serabi Gold Share Discussion Threads

[borisjohnsonshair] 23/9/2021 13:02

What's your point?

[golden prospect] 23/9/2021 13:00

Perhaps the only stumbling block are the expired share options.

What price to strike ?

[borisjohnsonshair] 22/9/2021 16:07

It's time to buy!!!! Easy money.

[borisjohnsonshair] 22/9/2021 15:02

What utter nonsense. They've updated and said the matter is concluded and total sum nicked finalised. How on earth do you suggest wool over eyes. What other time are you referring to.

[glasswala] 22/9/2021 14:59

They are taking the results announcement to the wire it looks like. There must be more problems than let on by BOD. Not the first time these guys have pulled the wool over everyones eyes

[plat hunter] 22/9/2021 10:18

I'm sure the auditors know how to manage a clients expectations. The likely outcome here is the the BOD has zero clue of how to manage the markets expectations.It seems odd to retain the services of a third party service provider who can't manage your expectations or deliver on timely deadlines. Ergo one must rightly question the effectiveness and trustworthiness of this BOD

[imastu pidgitaswell] 22/9/2021 08:13

You would think so - but who knows? Not us...

[backinblack80] 22/9/2021 08:05

Surely they were fully aware of the time/process and verified it with the auditors before they made the statement in the RNS.....

[imastu pidgitaswell] 22/9/2021 07:59

Putting together a coherent RNS.

To be fair (bending over backwards) it is likely that it is all ready to go - literally - but their auditors will be the ones delaying. The end of process review and signature protocols were painful enough (from memory) 30-35 years ago - they're even more painful these days.

[kennyp52] 22/9/2021 07:57

Distract from what Imastu .. the accounts should have been oven ready to go ? There are no adjustments !!!!

[imastu pidgitaswell] 22/9/2021 07:54

Not yet - but will do.

Kind of don't want to distract them, given the deadline. They do seem to have problems issuing grammatically coherent RNSs...:

"The Company and the Company's auditors plan that the issue of the 2020 Annual report will be issued well in advance of the dates agreed with Companies House and AIM"

[kennyp52] 22/9/2021 07:50

“The Company also advises that it will publish its interim financial results for the six month period ended 30 June 2021 prior to the end of September 2021.”

The RNS was out 27.8.21 .. it stated the auditors needed a few more days to finalise . This board are totally incompetent .. the shareholders continue to have to wonder what is going on and we are now closing in on another deadline that will cause serious damage if they miss it . Get the damn accounts you bloody idiots and stop eroding confidence in the management of this business !

[Edit] - has anyone asked how much the forensic investigation has cost and if the CFO could / should have done this work and earned his salary ?

[borisjohnsonshair] 21/9/2021 15:29

They should have suspended at 115p

[borisjohnsonshair] 21/9/2021 15:19

Well in advance would be at noon in the last trading day. 4:25pm wouldn't be. Relax FFS. They've said again and again and updated. Anyway, if it suspended the price will be stable. It will be unsuspected when the audit is done. Who cares.

[tightfist] 21/9/2021 15:08

Tiger, thanks, however surely CL would be require to continuing saying that - unless the entire market is informed to the contrary?.I do share Cotton's and the BB's frustration with the current state of affairs. Heaven knows what is still being conducted behind the scenes. We have been assured repeatedly about the cash and accumulating operating cash situation....... As PPVN mentioned, yesterday's relative strength was notable - hopefully a sign of more things to come in due course. Cheers, tightfist

[golden prospect] 21/9/2021 12:56

Exactly BIB, with 22 market days in September and only 7 market days left one might conclude that 'well in advance' has not been satisfied.

[backinblack80] 21/9/2021 12:49

'It remains the Company's expectation to issue the 2020 financial statements within the timeframe of the dates agreed with AIM and Companies House'
NOPE! The Company’s expectation was to issue the 2020 Annual report well in advance of the dates agreed with Companies House and AIM...

[nickwild] 21/9/2021 11:39

LSE has my 10K buy just now as sell

[golden prospect] 21/9/2021 11:01

T60, you got the private Line update - what a nonsense.

[tiger60] 21/9/2021 09:56

'It remains the Company's expectation to issue the 2020 financial statements within the timeframe of the dates agreed with AIM and Companies House.' (9.20 today - Clive Line)

[cotton4] 21/9/2021 09:39

PPVN- I am not negative on SRB, just frustrated with this accounts escapade. I agree there is a lot to look forward to:

The accounts for 2020 and ytd 2021
Exploration updates
Coringa licence, this being the biggy imo. This allows for the increase in production that we all have been craving.

I just thought it was a bit cynical for the FD to issue yesterdays RNS with no date for the accounts which is his responsibility.

[ppvn] 21/9/2021 09:26

Funnily enough I'm of the personal view that yesterday's broader stock market gyration and the recent movement in gold were more to do with yesterday's muted response here.

Whilst the ongoing saga with the accounts is frustrating I'm not in a position to really understand exactly the cause of this perpetual delay and have been reassured by the several updates that have been provided that confirm there should be no further skeletons rattling out of the closet.

Regardless of the current somber view the market has of SRB I'm actually now feeling rather more positive than I have done for quite some time here and I look forward to the next few months in anticipation.