Serabi Gold Share Discussion Threads

[borisjohnsonshair] 13/10/2021 10:26

I write under the name Benjamin Graham. Not my real name.

[kennyp52] 13/10/2021 10:01

What’s the book called Boris .. love to take a look at reviews

[borisjohnsonshair] 13/10/2021 09:29

My valuations are perfect. I had them verified by the Institute of Investment. The market is wrong but will correct. It's my unique skill at identifying these misnomers that has made me mega wealthy and the most respected poster. I'm published. Read my book.

[meanreverter] 13/10/2021 08:58

No need to fill the page here. The complete document, with illustrations, can be found at

[borisjohnsonshair] 13/10/2021 08:12

Hows that calculated? Seems consistent with my valuation

[alancapone] 13/10/2021 07:49

Trading at 87.1% below our estimate of its fair value

Share Price vs. Fair Value
87.1%
Undervalued
Current Price
UK£0.69
Fair Value
UK£5.40

Circa 16% in non-institutional hands.

INSIDER BUY:

23 Apr 21 Buy UK £3,146,567 Greenstone Capital LLP Company 4,195,424 UK£0.75

[backinblack80] 13/10/2021 00:35

kennyp52, if you're still invested here then you must surely believe in the potential. Why blame Boris? Your investment decisions are your own. Boris obviously believes in the potential here...If you don't then sell...We are all disappointed in recent events and how the BOD has handled them....So, decision time...either stick or sell...I'll stick for now...I believe that there is massive exploration potential and see them being potentially a producer of circa 80k to 100k per annum...

[kennyp52] 12/10/2021 22:15

SRB have the problem of loss of faith in their BOD … need a huge production boost to get it anywhere near what Boris has been ramping for 2 years ….


BorisJohnsonsHair - 22 Apr 2021 - 14:12:26 - 2612 of 4135 Serabi Gold - SRB
It’s pretty clear from the chart that this will bounce off 70p to 135p

BorisJohnsonsHair - 18 Nov 2020 - 14:21:21 - 1162 of 4135 Serabi Gold - SRB
This should be between 300-500p in 11-12 months. Maybe £10.

BorisJohnsonsHair - 28 Aug 2020 - 07:15:07 - 363 of 4135 Serabi Gold - SRB
It’ll be interesting to see if production has increased in Q3, as hoped. Upper of 8,500-9000 will be great as they hope full capacity in Q4. We are 2/3 through Q3 so prob another US$2.5-3M in the bank. Covid in Brazil on clear downward trajectory with active cases down from 800,000 to 700,000 over past 20 days and infection rates back to early June levels. Hopefully Sept will see an acceleration of improvement with all metrics. Imagine Q3 report - US$15M in bank, full production, hence ore sorter working its magic, AISC US$1,100, plus Coringa license in the bag!!! $$$$$ 150p min, could bounce to 200p. Should do. It’s real and will happen unless unexpected bad news.

BorisJohnsonsHair - 04 Aug 2020 - 07:14:15 - 32 of 4135 Serabi Gold - SRB
Very good news. The CLN extension lines up with the date Coringa will be fully paid off with free cash flow. US$9.5M to go. If the cash generation continues as is, we will also have adequate funds to pay for the mine development. What an awesome steady ship in rough seas. Fantastic. The future is great and not that far away. Stupid MCAP ....... under the radar and must rerate. 200p min, 500p in 24 months.

I think you might be full of the soft and smelly Boris but I’m holding these and could do with a return back to 90p+ so feel free to carry on with the delusional ramping 🤣

[meanreverter] 12/10/2021 21:05

As a holder of both SRB and HUM, I find the comparison interesting. I get the point about SRB being better value, but one thing worries me: its mines are narrow-vein underground. Such mines are unpredictable and tricky to operate — cf. Medusa Mining, which has only just started to pay a dividend again after a lapse of over 8 long years (yes, I hold that too!). Hummingbird's present and prospective open pits are more reassuring, and that is worth a premium, IMHO.

[borisjohnsonshair] 12/10/2021 16:25

Last time ever under 70p. Soon be 200p

[borisjohnsonshair] 12/10/2021 16:22

Selling at 69.1

[imastu pidgitaswell] 12/10/2021 14:46

Ah, the old tricks are the best - widen the spread, kill off demand, hope the peasants' liking for the shares goes away...

[borisjohnsonshair] 12/10/2021 14:46

Everyone selling HUM and buying SRB

[ppvn] 12/10/2021 13:00

Hi GP,

Thanks for that and yes agree that Serabi certainly look like they could be doing that - but hopefully some plan to enrich shareholders will be forthcoming along the way!

My initial post was by no means to detract from HUM; I do like the company which was why I saw the run up in their shares yesterday and today. I just prefer the jurisdiction SRB are in as well as their potential with these multiple low development cost mines was what I was trying to get at. Its really a very apple to pears comparison and guess that an EV comparison would probably be more useful to have included- their current EV is $160mm and SRB is $53mm. Just to clarify they do already produce gold the debt was just for their new mine. But it added c. £30mm to the market cap which I find baffling.

[borisjohnsonshair] 12/10/2021 12:48

Yeah I answered a question you muppet. Someone saying HUM was the best 100,000 ounce potential producer. I'd not agree best - massive debt and no production yet.

[imastu pidgitaswell] 12/10/2021 12:40

Maybe he could tell a few porkies about its reporting deadlines while he's at it eh? And then slope off without mentioning it when proved categorically wrong.

Seems to be the general approach these days...

[plat hunter] 12/10/2021 12:32

You gotta laugh... Boris now over at HUM trying to bag some allocations for SRB from the peeps hacking it up over there.

[golden prospect] 12/10/2021 11:58

PPVN, i think SRB have the potential to create many palito-like models, say build at $25m+ for $50koz/pa - it's the multiplicity that makes this a worthy contender, plus low risk country profile by comparison to West African operations.

[cotton4] 12/10/2021 11:37

Stand corrected. Thanks GP.

[golden prospect] 12/10/2021 11:35

C4, just to correct HUM have 392m ords so MCAP £82m

Add another £20m to the disconnect !

[imastu pidgitaswell] 12/10/2021 11:33

The trouble is, not matter what anyone does or says they are going to do, or doesn't do - all the precious metals miners, particular the medium and small caps, are travelling the same path in terms of share price over the past year.

Any differentiation is minimal - kind of makes you (and me) wonder why we bother with all the heat on the various threads...

Stuck POLY (large cap) on there as well, just for reference:


free stock charts from uk.advfn.com



Although there are signs that the 12 months of decline in the sector is starting to turn.
SRB is actually the best (or least bad) amongst them - and has just ticked up.

[cotton4] 12/10/2021 11:31

MCap of HUM £62m
Mcap of SRB £51m
Both targeting production of 100k oz but SRB have no debt and Hum have to find £8.5m per annum for interest. Slight disconnect.