Serabi Gold Share Discussion Threads

[borisjohnsonshair] 13/10/2020 08:02

Yep - we could get amazing news any day. Totally game changing update. Could double or triple price in a flash as we are so cheap and purely based on one producing mine. A mine that's had issues with mech failures and Covid. Even that alone not doing the company justice

[tightfist] 13/10/2020 07:47

Hi Redtrend,.Thanks - the piece I particularly like is in bold font on page 13:."The Cinderella Shear and CFJ Block are the two areas of immediate significant interest with further exploration currently being undertaken".Sounds good to me! tightfist

[borisjohnsonshair] 13/10/2020 07:29

When the Coringa acquisition is completed the NAV will double. That should double the MCAP!! It's a done deal - US$7.5 owed, well over US$10M in cash. Could be as high as US$15M but seems US$3M of Coringa paid down in Q3, accommodation building increased for social distancing plus exploration will have cost. Q3 May even be flat but the ducks are aligned for huge growth.

[golden prospect] 13/10/2020 07:22

Wow, thanks redtrend. "• Interest from majors seeking large scale opportunities"

[borisjohnsonshair] 13/10/2020 06:38

Nice find and read. As of 1st Sept US$8.5M to pay on Coringa, so US$7.5M now. Sounds like the mine preparation is well underway which might be eating cash being generated. Plus exploration proceeding. Lots of good news potential - solid output from Palito, increased cash in bank, date for Coringa output, positive exploration updates and M&A potential. I suspect they'll be purchased - it's too cheap. I'd be very gutted if under 300p. A big boy would farm-in but why not just buy. NAV for Coringa US$79M. It's not in the accounts, presumably not until acquisition completed. It doubles our MCAP!! This is a sleeping giant.

[redtrend] 12/10/2020 21:39

While we wait for Q3 results, there's a good presentation on the website which was uploaded on 30-September.


Corporate Presentation – September 2020




Never noticed it until now but has lot of info on Coringa (pages 8 & 9) and high-level timeline to production, showing Operating License granted Q1 2022. Operating License occurs after the Installation License phase where everything has been developed and ready to operate.

[trader536] 12/10/2020 16:42

This will tank -25% on Q3 results woof woof

[trader536] 12/10/2020 16:42

This will tank -25% on Q3 results woof woof

[borisjohnsonshair] 12/10/2020 14:38

Are you sure? What timeframe info do we know so far?

[tiger60] 12/10/2020 14:34

Zero for Qtr4 2021 from Coringa

[borisjohnsonshair] 12/10/2020 14:30

Yes - I'm hoping the interview will give an indication of timeframe for Coringa. Development has started and is why the next stage license can be soon. Be lovely to hear of Coringa revenue potentially in Q4 2021

[golden prospect] 12/10/2020 11:52

BJH : In the meantime, in expectation of robust Q3 results, confirmation of expanded camp and production back to full rate then Q4 may have an extra (above Q3) 3000oz. This should make for an excellent set of full year results against a most challenging world. Look forward to seeing the CRUX interview.

[borisjohnsonshair] 12/10/2020 07:18

Ah well.....14th then, or next Monday or whenever. Good news expected though as anything to prevent that would have been news worthy.

[borisjohnsonshair] 12/10/2020 06:40

Maybe - 2nd Monday of Month or 14th seems the norm. 12th is early but it's Monday. Wishful thinking but maybe. Might be next Monday.

[kennyp52] 11/10/2020 21:44

On what basis Boris .. you expecting an RNS ?

[borisjohnsonshair] 11/10/2020 15:25

This time tomorrow we'll be at 125p

[borisjohnsonshair] 10/10/2020 13:15

10,000 not on the cards. Starting with 35% manpower down - good result will be 8,500, plus increased people on site. 10,000 Q4. Hopefully 8,500 x US$600 = US$5.1M

[kennyp52] 09/10/2020 19:27

Well let’s hope so because the share price performance is dull lately and we need news . I wonder if they have been operating back at normal levels of production ... 10,000 in Q3 would really set the cat amongst the pigeons . Good luck all .

[kennyp52] 09/10/2020 19:18

I only had £25 spare this week . Either way it’s probably more than you .

[trader536] 09/10/2020 17:27

Kenny the clown - I saw your £50 trade. It must be pay week at Tesco, good luck with it 👍

[kennyp52] 09/10/2020 17:14

Boris .. I bought some GRL !! 🤣🤣

[stan72] 09/10/2020 16:26

6 Oct post 7390

Trader###: Gold is going down

Gold was at 1880 at that point.

What a tool. The best contrary indicator there is.