Serabi Gold Share Discussion Threads

[kennyp52] 27/12/2019 08:06

Your the one who went to Thailand to live on the cheap .. lol

[bmnsa] 26/12/2019 09:53

The 83p sells were wise,as we're the AAZ sells at 173. Oil is the new high maker's.

[bomber13] 24/12/2019 19:58

Yesterday's announcement was no profit-warning .

Had there been an issue with Q4 production and results , we would have been told . The ore-sorter is only in the commissioning stage , the evaluation of organic growth around Sao Chico has only just begun , and we are still in the permitting stage on Coringa . Surely it is eminently sensible financial management to package up the final payment on Coringa with the future mine construction package , so that there is an absolute financial certainty on the pathway to production of 100/- oz pa ?

Moreover , below a share price of 72p , our downside is well and truly protected . That level brought in US$23m in March , 2018 when gold was trading at US$1300 , not US$1500 . Greenstone Resources , a well respected private equity outfit in the resources sector , and with a seat on the Serabi board , arrived with a 25.3% stake in Serabi at that time , and will not want to be diluted .

I would also refer everyone to the November interview with the Fratelli representative on Serabi's board ( a 33% shareholder ) . His view was not only a very supportive long-term one for Serabi , but he also felt that Serabi was increasingly becoming a target for entry into a very under explored and highly prospective region of Brazil . This comment is backed up by Mike Hodgson's own recent inference that there are possible joint venture opportunities with majors like Rio Tinto and Anglos .

Have a happy Christmas all on this board and a prosperous New Year .

[borisjohnsonshair] 24/12/2019 11:52

Who said they met or meet them. Tell em to buy some.

[borisjohnsonshair] 24/12/2019 11:51

.....or Director purchase!!!! That would be timely and reassuring.

[borisjohnsonshair] 24/12/2019 10:46

Frankly I wouldn't care if there was a placement now but if it's at 70, 80, 90, 100 after several positive updates all well and good. Obviously debt better but who gives s monkeys. Nothing matters by 2021 when we are producing 85,000 rising to 100,000 and a massive farm-in to follow.

[borisjohnsonshair] 24/12/2019 10:44

Yes absolutely.

[tightfist] 24/12/2019 10:43

Before the Finance finalisation there is likely to be other newsflow, such as H2 production, Ore Sorter progress/on-line, Coringa permitting progress and, just possibly, a drill programme surrounding SC, possibly involving resources and a farm-in by a Major..These may present a price catalyst - one way or the other.......

[borisjohnsonshair] 24/12/2019 10:35

Fair play. Good luck with that. You might kiss a 30% jump but if you are getting on board after finance you'll have more peace of mind. Merry Xmas.

[kennyp52] 24/12/2019 10:32

Volatile ! Still red on the day if only slightly . Got to think this is being played . It’s a potential great opportunity but I don’t want back in to see it drop further but happy to jump on when it’s showing signs of being on the move back up .

[borisjohnsonshair] 24/12/2019 10:20

Merry Xmas all (except the sad mental cripple).

[borisjohnsonshair] 24/12/2019 10:19

There you go. Nice price. Fortune favours the brave.

[tightfist] 24/12/2019 09:39

Or catalyst for 5% profit within the next 3 minutes.....

[borisjohnsonshair] 24/12/2019 09:28

Yes. 8:08, catalyst for big drop

[tightfist] 24/12/2019 09:24

I am referring to the 8:08 trade reported after 8:50. Spread seems to me to be well within less than 2p this morning; could turn into a good presumably half-day?

[borisjohnsonshair] 24/12/2019 09:24

Not shown. Will be in an hour. Very common.

[borisjohnsonshair] 24/12/2019 09:21

Delayed or not reported for an hour

[le0nard] 24/12/2019 09:21

I've just bought 15k. Bet that doesn't have the same effect

[tightfist] 24/12/2019 09:18

BJH, are you falling for the confusion of a delayed trade report?

[borisjohnsonshair] 24/12/2019 09:12

This is so illiquid a 12,000 trade made it drop 7%!! This can be back at 80/90p in two trading days. It might be Jan, Feb, .....who knows. Will be 150-200p when Coringa construction starts.