Serabi Gold Share Discussion Threads

[borisjohnsonshair] 27/8/2020 09:43

It's done.....check out the other one

[borisjohnsonshair] 27/8/2020 09:42

Re third question - probably helped mitigate risk and secure the best / only option for the cash to purchase - the CL

[borisjohnsonshair] 27/8/2020 09:41

Tiger - not stupid questions, good ones.The "debt" isn't a debt, it's a condition of the purchase. Yes we can pull out but until the condition met the NAV of the mine isn't on the books, if it's brought with cash or CL is not a debt. Is a loan then it's debt but the NAV would rocket way higher based on the PEA. The purchase pre-license was risk but if post license it wouldn't have been US$24M!!! It's going to generate circa US$70M / year revenue and US$30,000,000 income.

[tiger60] 27/8/2020 09:30

Alright a few stupid questions for debate to pass the time.

We call out all the time we are debt free but owe Equinox $12m (minus 1.5m in repayments already made?). Are we saying this is not debt as we can pull out any time i.e. Acquisition? And I suppose if funded out of cashflow then no debt facility required but still a liability

Secondly, why buy Coringa prior to the license agreement. If the license is rejected then what is the point of continuing or can you only apply for the license based on ownership/pending ownership?

Thirdly, why survey land that is not part of our remit and publish the results?

Just for fun..

[linz22] 27/8/2020 09:28

An excruciating thread, this one. Enough to discourage exposure to SRB...

What's needed is a new thread, from which trolls and timewasters can be moderated by the author. Anyone blue care to volunteer..?

[borisjohnsonshair] 27/8/2020 09:25

No you didn't. You lost 95% in 2013. Yer big fat liar

[kennyp52] 27/8/2020 09:17

Deluded . 🤡 .... and vile

Investing in gambles with no sales . MCAP of less than £20m , no cash , debt ...just about sums you up ...... gambler . Can’t take you serious .

[kennyp52] 26/8/2020 22:49

Don’t try to justify your wrong call ... the share price is up by close ... end of . You 🤡... trader536 ... alias Bozo the clown 🤡

[trader536] 26/8/2020 22:42

Kenny the clown - Your inexperience prevails, if it was as simple as buy v sells to determine price direction it would be easy, unfortunately it doesn’t work quite like that.

[kennyp52] 26/8/2020 18:31

....and share price ended up ... explain that one

[trader536] 26/8/2020 17:51

Wow look at all those sells today. Sellers out number buyers by 3:1

[sherry35] 26/8/2020 17:14

I took a fast preview of the AA site. The Brazil based mining operations is producing Nickel, Niobium and Phosphates base metals. No mention of gold in "Products" on their Web site. I suspect AA grabbed the mineral permits for future expansion of base metals operations. Also, the exploration activity maybe minimal but more digging is required.

It appears the Sao Chico trend is continuing towards the AA permits.

[sherry35] 26/8/2020 17:06

BJH - Your key point being the plan. Question is "what's the plan?". It seemingly taking a long time to produce such a plan. MH and crew have been known for ice age speed. everything takes longer than other junior companies.

[borisjohnsonshair] 26/8/2020 15:56

Exciting stuff. I love it when a plan comes together. Somethings up but MH not sharing with us. Maybe now this lands secured he can divulge more in a crux interview. Where the bleeding license though!!! I feel the price isn't built in for an approval but I bet it would drop with a rejection!!!

[sherry35] 26/8/2020 15:32

tightfist - this may explain MH's comments on the over engineered Coringa mill and placing mill equipment at Sao Chico. Based on slide 7 of Cabral Gold presentation, SRB will claims owned by Anglo American and other. I'm wondering if AA is one of the prospects for the farm-in.

The Sao Chico mine on the map appears to be approximately 15 km from the AA permitted areas. SRB's consolidation of permits is getting close to AA.

Thanks for the reference.

[ppvn] 26/8/2020 14:38

Good post tightfist, yes they do see expansion as the way forward and with economies of scale (directors costs etc) it is clear thats the way to go.

I personally thought that having this large extension to Sao Chico makes it somewhat easier for them to decide where to put their next plant...

[imastu pidgitaswell] 26/8/2020 12:32

Not wanting to intrude on a private spat, with only a small (in-profit) stake here, but on the Brazil CV19 thing, this is (genuinely) interesting:



An unexplained sharp fall in Covid-19 cases and deaths in the Brazilian city of Manaus has led experts to consider whether a form of herd immunity has been achieved in the Amazonian capital.

Manaus was once a symbol of the threat that the virus might pose to the developing world. Drone images of mass graves caused alarm around the world four months ago as Covid-19 ravaged the city and burials were running at five times their normal rate.

Yet last week, despite no formal lockdown having been imposed, and tests suggesting only 20 per cent of its population has been infected by the disease, “excess deaths” were listed at close to zero. The city’s field hospital has been closed for a lack of patients.

“Manaus is an interesting case indeed,” Jarbas Barbosa da Silva, assistant director of the Pan American Health Organisation, told The Washington Post. “The hypothesis — and this is just a hypothesis — is that the peak we had in Manaus was very strong, and there was such widespread community transmission that it may have produced some kind of collective immunity.”

Mr Barbosa said that the decline in cases was gradual enough to suggest “a natural dynamic” rather than the effect of public health initiatives. He insisted, however, that Manaus had “paid a very large price”.


The city of two million people has recorded more than 3,300 deaths from Covid-19. “It was a tragedy,” he said.

The concept of herd immunity has proved highly contentious. In the early stages of the pandemic, the assumption among many leading epidemiologists was that more than 70 per cent of people would need to be infected for the disease to waste away naturally.

That policy was deemed unacceptable by almost all governments around the world as it was feared it would lead to hospitals being overwhelmed and tens of millions of deaths.

More recent research suggests that herd immunity may be achieved with far fewer infections. One explanation could be that populations have a degree of “natural” immunity.




There is some evidence elsewhere that the virus is losing its virulence. It is only speculative, and there is plenty of evidence to the contrary - it's too soon to tell. But it may also be a factor in the brakes going on to the price of gold and silver.

[trader536] 26/8/2020 12:26

Virus cases in Brazil still increasing rapidly

[borisjohnsonshair] 26/8/2020 12:26

We all know that you lost your money in 2013. Hilarious you sad piece of dog waste. Loser.