Serabi Gold Share Discussion Threads

[borisjohnsonshair] 20/8/2020 17:02

Not today ..... license tomorrow. Be nice!

[sherry35] 20/8/2020 17:01

BJH - Is it necessary to provoke the Traderxyz person? Ever heard the cliche "let sleeping dogs lie"?

MH and team are examining the mining plan for the best utilization of the Coringa equipment, farm-in revenue and gold production. I would like to know how much more drilling will SRB perform on the Mata Corba before signing a farm-in agreement. We don't want to give away the farm due under estimating the potential. Also, I would like to know the expansion plans for Cao Chico with respect to Cicada. Do we need to acquire more permits for Abelha and Besouro anomalies?

So I go back to my original stated need - What is the plan to commission Coringa, expand Sao Chico mining and exploration and capitalize on Mata Corba? A Gantt planor PFA overview of the activties would be nice. There is no plan on the Web site or last investor presentation. I bet the major investors are getting better information.

[trader536] 20/8/2020 15:51

SRB need a share price of 372p just to match the recent magnificent gain that GRL holders made.

Than ain’t gonna happen anytime soon you loser 😂😂😂

[borisjohnsonshair] 20/8/2020 14:41

Yes, any day. MH said he hoped for a zoom meeting. Was expected late Q2. Any morning, after which 130p

[ppvn] 20/8/2020 14:19

Maybe bojo, but the only seemingly plausible explanation to me for where the share price is now is that SRB are priced on the Q2 figs for Palito and sao chico alone. We are confident as investors that Q3 and Q4 will be materially higher but perhaps that needs to be proven.

Also, I'm not sure Coringa is priced in at all at these levels so perhaps your impatience to receive the license is well founded! That could literally come any day though now, think I'm correct in saying?

[borisjohnsonshair] 20/8/2020 14:08

PPVN - SOON

[trader536] 20/8/2020 14:06

All exploration has been halted so there’s no catalyst to drive the price, sell!

[borisjohnsonshair] 20/8/2020 14:06

You might be right. What % did the funds dump? US$2M would be close to 2.5% - Greenstone potential sale of stock to replace CL stock. I recall it was circa 5-6% between two. I think you are right. Once the spare is over it will rocket - double I suspect. The license will boost future.

[ppvn] 20/8/2020 14:01

Yes it was bojo, but it didn't immediately perk up did it! I had a good couple of months wondering what on earth was going on (as I'd bought a lot on the expectation it would immediately be siezed upon by the market - but it just wasn't!).

Think similar story now. We are familiar with this share but probably a lot of investors just aren't. It'll happen though.

[borisjohnsonshair] 20/8/2020 13:34

Don't forget that the price of 30p was artificial due to the forced fund dumping.

[borisjohnsonshair] 20/8/2020 13:29

Yep I agree. It's so daft I'm nervous. Well have US$20M in the bank by year end worst case. This is worst case on the basis that if we have less we've started development of Coringa and ramped up the game changing exploration. So worst case US$20M cash, no debt and a 2021 expecting 48,000 ounces with AISC I'd say US$1,100, with POG US$1,850 = US$36M. So if we are unable to make any progress by the end of 2021, our cash balance will match our MCAP!!!! Bloody stupid.

[ppvn] 20/8/2020 12:43

Reckon same thing will happen here as happened back in May last year Boris. Still don't really know what drove the sudden jump from 30 to 90p but we're in a similar situation now i think.

£53mm market cap here is just crazy imo but I've been adding when I can!

[trader536] 20/8/2020 11:49

Another down day here, drip, drip, drip...

[borisjohnsonshair] 20/8/2020 08:31

This drops with any sale. It's very very odd. I don't believe in games but it really seems to be discouraging investors.

[trader536] 19/8/2020 16:15

Keep convincing yourself, muppet loser.

[trader536] 19/8/2020 16:15

Keep convincing yourself, muppet loser.

[borisjohnsonshair] 19/8/2020 15:37

Why would it shut down - got quarantine rota and young people aren't affected. Covid finished in Brazil

[trader536] 19/8/2020 15:31

The only news coming is the news of mine shutdown, get out while you can

[borisjohnsonshair] 19/8/2020 15:23

Very dull. Kenny - as you say we need news.