Serabi Gold Share Discussion Threads

[borisjohnsonshair] 03/12/2019 14:59

There's no stock. This could double very quickly.

[morethanme] 03/12/2019 14:52

Very interesting 2 days of market activity

[borisjohnsonshair] 03/12/2019 11:02

Be happy if they did rights issue for more retail punters - 120p

[borisjohnsonshair] 03/12/2019 11:00

Ha - wot a clown. Making US$1M a month. Credit no problem.

[bsg] 03/12/2019 10:58

Maybe a placing, but not massive dilution.

[trader365] 03/12/2019 10:53

Placing and massive dilution coming

[borisjohnsonshair] 03/12/2019 10:40

Ha - yeah I think so Boris

[borisjohnsonshair] 03/12/2019 10:40

Hi Boris - this is about to blow. Not like Trade365, I mean rocket in price.

[borisjohnsonshair] 02/12/2019 14:51

Well said Boris

[tightfist] 02/12/2019 11:14

It was intriguing to hear the amazing Tapajos placer gold/garimpo recent production record from another source - there must be a lot of gold locked somewheres in that bedrock..The Anglo American rumoured porphyry-type discovery south of the Tapajos (featured on Cabral slide 9) is also interesting, as is the list of majors working in Brazil..Good luck, tightfist

[borisjohnsonshair] 30/11/2019 12:51

His typing is fine, he's just a sad liar.

[kennyp52] 30/11/2019 08:47

Typo error Boris .. he bought at 85 and used his stop loss .

[borisjohnsonshair] 29/11/2019 19:48

Tiny volume - lack of liquidity. Will rise as quick as it's fallen. No reason for dilution.

[divmad] 29/11/2019 16:27

Disappointing share price action of late. Still half expecting a placing, with this action.

[kennyp52] 28/11/2019 19:03

Thanks tightfist.. will take a look ... always interested in potential

[tightfist] 28/11/2019 18:55

I attended Mines & Money yesterday and took the opportunity to talk with Cabral Gold (TSX-V, MC £4m, cash £2m). Management with an interesting track-record own ~22% of stock and include a co-founder of Serabi. Their property is only 100km from Serabi's Palito mine. My interest was attracted by ~2MOz of alluvial Gold captured on their property during the world's largest-ever gold rush in the 1980's (20-30MOz in the entire Tapajos region) and that their approach was similar to that proposed by Serabi - striving to trace the upstream source of gold found downstream in the alluvium, where it is very angular in nature suggesting nearby rock erosion. "ResourceWorld: Cabral Gold Inc.'s [CBR-TSXV] is engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties in Brazil. It's key asset is the 100%-owned Cuiu Cuiu Project, which covers the largest of the historical placer gold camps in the Tapajos Region of northern Brazil, about 20 km west of northwest of Eldorado Gold Corp.'s [ELD-TSX; EGO-NYSE] advanced Tocantinzinho gold project.The Tapajos region was the site of two major gold rushes and has produced up to 30 million ounces of placer gold.The company recently released a new NI 43-101 mineral resource estimate for the Cuiu Cuiu property saying indicated and inferred resources stand at approximately one million ounces."Their current presentation is at:hTTps://www.cabralgold.com/site/assets/files/4092/cbr_-_nov_2019_v2_read-only.pdfSee slides 12/13 where they are starting to find and target drilling upstream in potentially gold-bearing bedrock. An interesting play in itself and maybe a foretaste of some of the Serabi exploration promise? A Cabral cash-call is likely to be required in H1 2020, unlike Serabi where operational cashflow may suffice to fund exploration.Cheers, tightfist

[ppvn] 28/11/2019 16:52

You do make me laugh BoJo. I may have to pry open the wallet in the coming days if serabi continue southerly.

Well done and hope you make lots of lolly - I will be here too!

[borisjohnsonshair] 28/11/2019 12:36

Wahey - I'll have another 50,000.

[tightfist] 28/11/2019 09:03

I, too, respect kenny's caution and maybe I am blind to significant risk.... According to MH, Sprott were/are keen to talk with them about extending their facility, and if all else was to fail Fratelli and/or Greenstone are on-side, see the recent NED Banados interview. Underpinning operational cash flow is strong (provided PoG doesn't really tank). .With the prospect of regular (but not frequent?) newsflow (and improved but not great liquidity) I guess we should anticipate a bumpy ride?.Cheers, tightfistPS: Are other posters finding the poster names are being transposed all of the time?

[borisjohnsonshair] 27/11/2019 23:01

I respect your caution. SXX very different - they'd sold their soul to the bond holders who wanted fund raising to fail. SXX will happen and be massive but the PIs won't be involved. Horrible con and I feel for them. No such scenario here. SXX needed 3 times it's MCAP at its highest in finance and wasn't in production. SRB need peanuts and is in production creating FCF that could afford 10 times more short term funding than it needs. Funding is a walk in the park.

[borisjohnsonshair] 27/11/2019 22:25

The crazy value here will prevail. Any value investor can see this is way underpriced.