Serabi Gold Takeover Rumours (SRB)

Boris .. merger or takeover comment - where do you get this from ? Or just another moronic effort to try and create interest in the SP ? Dear me.

My concern is that if there’s further objection to the Coringa License, the trial license will end. This reduces production by 25% and sends the AISC through the roof. I’d not extract the gold at break even, if mothball it to develop Palito or a new greenfield one. This would turn SRB into an exploration business with huge potential discoveries and resource upgrades but zero revenue. They now have a war chest to get positive upgrades prior to a takeover or capital raise, which in such circumstances, wouldn’t be debt.

Resource up .. production not planned to increase 🤷â€￾♂ï¸￾. Keep stretching out the resource to keep paying the fat salaries. Even so .. the MCAP of £25mn must make this a very attractive takeover target ?? . License still needed to add that extra production and hopefully a profit for 2023 and big rise 2024. Still don’t trust Hodgson fully .