Serabi Gold Share Discussion Threads

[borisjohnsonshair] 10/8/2020 13:20

Worldometer

[dmdmdmdm1] 10/8/2020 13:20

Where did you see this information? I have only seen the opposite

[borisjohnsonshair] 10/8/2020 13:14

Covid reducing Brazil at last

[trader536] 10/8/2020 12:58

Cases in Brazil thro 3m now and rising

Total mine shut down coming?

[borisjohnsonshair] 10/8/2020 10:43

I think the cash and FCF for Q3 forecast will exceed expectations.

[borisjohnsonshair] 10/8/2020 10:21

The Friday RNS to hide bad news is a myth anyway.

[tiger60] 10/8/2020 09:48

Apologies - you are correct - looked at LSE not Serabi Website.

[backinblack80] 10/8/2020 09:41

2019, 2018, 2017 results on 14th. 2016 results on 12th because 14th was a Sunday...

[tiger60] 10/8/2020 09:30

True for 2019, not 2018, but fair to point out.

[backinblack80] 10/8/2020 09:26

tiger60, they put out the results on the 14th August every year!!

[tiger60] 10/8/2020 09:11

That is one side of the coin the other is that it is a well known fact that if a RNS is poor it is put out on a Friday whereas if good then earlier in the week.

Of course this may not be the case here and it would not look great for the Finance Director (not sure if he was meant to give the RNS release date - unusual). Lets discuss Friday but I am playing it cautious - only my thoughts

[borisjohnsonshair] 10/8/2020 09:06

No reason to be negative

[borisjohnsonshair] 10/8/2020 09:06

The Finance chap suggested a positive update, so can't then issue a poor one 5 days later.

[tiger60] 10/8/2020 08:47

From LSE : Full update and guidance RNS from Serabi will be out 14 Aug (Friday) accoring to Clive Line Finance Director Serabi Gold SRB.

A very good interview, worth listening



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My immediate thought is a Friday release is rarely good! Trading.

[borisjohnsonshair] 10/8/2020 08:27

What do you mean?

[tightfist] 10/8/2020 08:22

From the director change RNS on 27th April, re Luis Azevedo:.".....His expertise and experience will be invaluable going forward, and helping the Company successfully see Coringa into production.....".I just wonder if there is little more to this licensing topic - maybe I am overthinking - maybe it's just continuing COVID-related delays. tightfist

[borisjohnsonshair] 10/8/2020 08:22

Exactly - production ramping up, license coming, exploration to recommence followed by resource estimates. In 2 years it will be producing 100,000 ounces and will have proved up a massive discovery. 500p.

[borisjohnsonshair] 10/8/2020 08:11

Also, there's no excitement about the exploration because it's stopped hence no mega news coming out the blue. The exploration so far suggests the potential could blow the exciting resources hence NAV through the roof - 10-100 fold. No updates imminent though, hence the speculative buck is elsewhere.

[borisjohnsonshair] 10/8/2020 08:06

...but when license approval comes the value will be immediately added, regardless that the purchase isn't completed. It's legally in place, not executed and funds lined up. The price should double and when more positive news arrives re Covid the value related to Palito will add 50-100%. If say Palito 150p, Coringa license plus 75p.

[borisjohnsonshair] 10/8/2020 08:03

Kinda agreed but if Coringa isn't priced in, we should have an equivalent or greater increase on Palito alone. I'd say it's more Covid related.

[tightfist] 10/8/2020 07:56

Over the last three months, PoG is up 17% whilst SRB (which conventionally should be geared) is up just 8% so something(s) seems to be holding SRB back! We exchanged views on what it could be the other day, but my hunch is that the licence is significant. tightfist

[borisjohnsonshair] 10/8/2020 07:26

In summary I don't know the likelihood of approval or rejection.

[borisjohnsonshair] 10/8/2020 07:24

MH seems positive and it's similar to Palito so technically or environmentally should be favourable, no idea about the locals or political. Reports from the public hearing, squeezed in before Covid, sounded positive. It has to be good for the local economy & employment which is particularly important now