Serabi Gold Share Discussion Threads

[kennyp52] 01/6/2020 17:27

If Serabi digs enough ounces out of the ground then it makes a barrel load of cash profit and the share price will rise . It really is as simple as that .

[sherry35] 01/6/2020 15:59

tightfist - Took a play out my handbook in using Nicolas' CV to prove a point. Bravo!. I forgot about that piece of information. Well, the chairman has a nice tidy position. I believe he needs to register his director position and holdings with Ontario Securities Commission and TSX governance group.

Update of the Insider holdings should be reflected in the next investor's package. Any idea on when the investor's are due a updated package?

Sherry

[loganair] 01/6/2020 10:10

If the Phase 1 trade deal between China and the USA breaks down will be positive for the price of gold.


Brazil has an Alpha Male running the country and currently has the second highest number of Covid 19 cases with the 4th highest number of deaths.


Both of these may effect Serabi.

[pi0110] 01/6/2020 09:54

Logan, can you take your nut nut loony left politics else where please? This is an investors board.

[loganair] 01/6/2020 09:40

China to stop importing certain food stuffs from the USA under phase 1 of their trade agreement with the USA.


Q. What do all the countries that have the highest number of deaths from Covid 19 have in common?

A. They are all run by Alpha Males who lack any real leadership and govern by Dividing & Distracting rather then governing in the best interests of their people.

[borisjohnsonshair] 01/6/2020 08:37

TF - how do you mean regarding meeting them? MH looks good on video calls, re reassuring. Not sure about CL. What else do they add one to one?

[tightfist] 01/6/2020 08:31

Hi Sherry,.Maybe it would be helpful to take a look at my post #6349 regarding incoming chairman Nicholas Banad?s. According to the latest April 2020 AR he "had the following interests in the ordinary shares of the Company according to the register of Directors' interests" of 1.12 million shares or 1.8% or ~£1m (see note 1, page 70, regarding how this is arrived at). .His AR CV is:"Appointed: May 2013Experience: Nicolas is Managing Director of Private Equity and attorney-in-fact at Megeve Investments, a non-discretionary portfolio manager of Fratelli Investments. Formerly, he held the position of VP and Portfolio Manager at Megeve Investments, and research analyst at Consorcio Life Insurance in Chile. He has more than 14 years of experience investing in Latin America and serves as Director for several companies, including two private mining companies in Chile...".Regarding BoD ordinary share transactions there do not appear to have been any since January 2018. NED Mark Sawyer is a partner of Greenstone who are in the process of subscribing for a substantial quantity of Convertibles. .If you got to meet MH and CL I anticipate your reservations would be overcome another way..Cheers, tightfist

[borisjohnsonshair] 01/6/2020 08:15

100%. If it's works for them, it'll be working for us. Not sure the problem.

[borisjohnsonshair] 01/6/2020 08:14

I don't subscribe to this belief executives have to buy stock. They do a job and get a salary. They aren't obliged to spend their take home pay in stock to raise confidence on the market. Our teams actions are more than adequate. The share options are an additional incentive which is win win. What's wrong with them having nothing to lose, except their jobs!

[sherry35] 31/5/2020 20:48

BJH - This could very well change with the drill results from the Q4 drill program. Executives may step up to bar and blunk their money down. I'm seeing this right now with MMA.VN in a PP.

Until then, no apparent skin in the game. Printing zero risk options.

[sherry35] 31/5/2020 20:45

BJH - I would like to see the executives buy shares out of the public market or in a private placement. Preferably the former. Call it skin in the game. Printing options comes with zero risk and outlay. You can spin this any way you want but the hard fact is "zero public market acquisitions by SRB/SBI executives". PERIOD!

If memory serves me correctly, the executives' registered holdings in SEDI were lower than the holdings declared in the financials. Blog posters were wondering where the remaining shares were hiding. I'm not sure how the insider filings work with companies registered in two different national districts (UK vs Canada).

[borisjohnsonshair] 31/5/2020 15:42

Thanks for the clarification. They'll still have fork out. If MH exercises his full 500,000 at 200p, he'll spend £425k of his own cash but would get a £1M asset. Any insider selling is deemed negative but it can be for many reasons - divorce is a common one! I doubt they'd exercise below 120p. Hopefully they know what's coming and they'll do so at 300 or 500p. Good luck to them.

[sherry35] 31/5/2020 15:04

BJH - Blog members were concerned about the lean holdings of common shares (tender) by the company executives. The institutions obviously have large holdings which attenuated the concerns. Before the last 1.5 years worth of drilling (Cinderella lode) and the Coringa acquisition, investors were questioning the company value based on the lean holdings of the executives.

SEDI tracks the insider (executive, institution) holdings for all Canada registered publicly traded companies.

Obviously this concern seems to have faded given the absence of posts and your "I’ve not seen these discussions". For now, don't worry our SRB cape crusader until the options get exercised or shares get traded.

[kennyp52] 31/5/2020 08:20

Options .. mean incentive .... simples . We all gain if it improves profitability .

[borisjohnsonshair] 30/5/2020 15:57

This is an extract from the full version, which is two weeks old. It remains exciting though. Watch the whole interview. If you can't find, I'll send a link.

[c0lin1] 30/5/2020 11:13

crux investor interview

[borisjohnsonshair] 30/5/2020 07:22

Hi Sherry - I've not seen these discussions. What are you concerned about? I've not seen anything to worry about with regard to insider holdings

[sherry35] 29/5/2020 23:19

All - Having been invested in SRB since the KAI.VN merger, I have not witnessed any insider filings on public market acquisitions and dispositions by SRB/SBI executives.

[sherry35] 29/5/2020 23:12

All - Over the months the members of this blog have had discussions about the public visibility of insider holdings in SRB/SBI. I personally wonder about the number of common shares (tender) that are held directly or ""indirectly"" by all the executives. The SRB/SBI filings and SEDI don't instill confidence in the insider's value of the company was the theme of these discussions.

I also wonder about tax haven's on your side of the pond. Given SRB was HQ'ed in Spain, is Spain a tax haven? What about the Greece (home of Russian money) or Brazil?

The recent award of share options, announced in the 28 May 2020 PR, will allow us to measure the executive's faith in the SRB's assets and long term growth value.

Just on aside. The board can choose to extend the expiration date on the options. I've seen that done in a couple of TSX Venture stocks.


+++++++++++++++++++++++++
Serabi Gold plc
(“Serabi”; or the “Company”;)
Award of Share Options

The Company announces that on 27 May 2020 the board of directors of Serabi agreed to award in aggregate 2,050,000 new options over ordinary shares to employees, directors and officers of the Company. ....



The options have an exercise price of 85 pence per share. The pricing of the options represents a three per cent premium to the London closing price as at 27 May 2020 of 82.5 pence and a two per cent premium to the London 10 day weighted average price also as of 27 May 2020. The award represents 3.48% of the current issued share capital of 58,959,551 ordinary shares.

Options granted to directors of the Company are as follows:
Director Number of new options over Ordinary Shares
Mike Hodgson 500,000
Clive Line 350,000
Melvyn Williams 150,000
Aquiles Alegria 100,000
Luis Azevedo 100,000
Nicolas Banados 100,000
T Sean Harvey 100,000
Eduardo Rosselot 100,000
Mark Sawyer 100,000
1,600,000

[borisjohnsonshair] 29/5/2020 13:10

Pathetic drivel.