Serabi Gold Share Discussion Threads

[trader365] 29/5/2020 09:05

Although any forward looking statements are based upon what the Directors believe to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such forward looking statements.

Forward looking statements are identified by their use of terms and phrases
such as ‘‘believe’’, ‘‘could’’, “should” ‘‘envisage’’, ‘‘estimate’’, ‘‘intend’’, ‘‘may217;’, ‘‘plan’’, ‘‘will’’

A number of factors could cause actual results to differ materially from the results discussed in the forward looking statements including risks associated with vulnerability to general economic and business conditions, competition, environmental and other regulatory changes, actions by governmental authorities, the availability of capital markets, reliance on key personnel, uninsured and underinsured losses and other factors, many of which are beyond the control of the Company.

[borisjohnsonshair] 29/5/2020 08:44

Any way "Crystal Balls", another naive comment. The management make plans and direct the business, so do know the risks & potential, we hope. You blindly follow your magic charts. You are sooooooo hopeless. Everything you say shows how broken your brain is.

[borisjohnsonshair] 29/5/2020 08:35

Question not aimed at you. You are Moron Club

[trader365] 29/5/2020 08:20

Management don't have a crystal ball, they are in the dark as far as covid is concerned, they don't know what the situation will be in six months and they have 3 years on the options.
Try one on sport.

[borisjohnsonshair] 29/5/2020 07:46

Question for the Mensa Club posters here - would the management issue options at 3% over mid price, if they have a string of bad news coming out - Covid closure, mech failure, license rejection. Or would it more likely be before a string of great news?

[backinblack80] 28/5/2020 15:42

Amen to that!

[borisjohnsonshair] 28/5/2020 15:38

You slippery snake - "gift"!!! Wrong - you've been educated.

[tiger60] 28/5/2020 15:36

The day you educate me on anything other than bad manners will be a long time off...

[borisjohnsonshair] 28/5/2020 15:26

I'm not lecturing, I'm correcting and educating. All free of charge. A polite thank you will suffice.

[borisjohnsonshair] 28/5/2020 15:12

Yeah you are. If they make money, we make money.

[borisjohnsonshair] 28/5/2020 15:11

Did you have a hot dog stall on Wall St? The rise in price will come if their H&S saves the mine from a shirt shut down, and if they lower AISC, make money, find gold. If MH get this to a US$500M - US$1B, which it looks like, he deserves the options and a salary increase from £400k to £1M.

[borisjohnsonshair] 28/5/2020 15:03

Who gives a monkeys. We are investors not old women.

[tiger60] 28/5/2020 15:02

Boris just to say I have worked on Wall street, not equities, but the 500,00 shares allocated to MH has no expense for the holder - it is no lose situation. Don't lecture me

[tightfist] 28/5/2020 15:00

I am missing nothing - what the options award is missing is anything (other than implied share price appreciation to enable a profitable exercise). What about targeting profitability, growth, AISC, cost control, ROCE, H&S, etc..Great companies target some progressive demanding performance measures within their option plan. tightfist

[borisjohnsonshair] 28/5/2020 14:58

Not for much longer.

[borisjohnsonshair] 28/5/2020 14:57

Yes, they decide. If they go for it they pay. They ain't going to today because they can buy cheaper in the market.

[tiger60] 28/5/2020 14:50

They exercise the option

[borisjohnsonshair] 28/5/2020 14:47

They make money if the price rises. What's complicated. I'd not be happy if they exercised and sold at 100p! I'll be delighted that they got 500p stock for 85p in a few years. They'll still have to buy them.

[borisjohnsonshair] 28/5/2020 14:46

No you didn't. You thought 500,000 free shares for MH.

[tiger60] 28/5/2020 14:35

We know what an option is but the exercise price and lack of info on pre requisites is an issue!

[borisjohnsonshair] 28/5/2020 14:32

What are you missing. These are options to buy. They won't unless it's over 85p. They only make the difference between price at the time and 85p, hence they make whatever the price rises by. The dilution at this price is the same as the price rise. If they by for 85p when the stock is 200p are you upset?

[tightfist] 28/5/2020 14:27

Aside from pricing, potential dilution and vesting tranches, I was far more interested in the option performance hurdles - of which there appear to be none (unless it's hidden within the 2011/2017 plan detail)..Ho Hum!, tightfist

[borisjohnsonshair] 28/5/2020 12:14

Share options are the "right to buy" at a certain price for a certain period. The exercise price is the price to pay, which is set at 85p. Hence when these are 300p, they buy for 85p and get the difference for free.