Serabi Gold Share Discussion Threads

[tiger60] 14/10/2020 20:29

23rd July, 14th April, 14th jan, 14th Oct, 22 July, 15 April, 17 jan. pretty consistent. Still waiting for your analysis.

[backinblack80] 14/10/2020 19:51

No it doesn't 'deviate from the norm'

[borisjohnsonshair] 14/10/2020 19:20

With regard to number of shares - I'm muddled about that. Lack of liquidity is the issue. Good or bad??? Assume 50% of the 20% PIs are playing the long game. How can trade of 10% drive the price up 500-1000%. I think this will be sold out to a "partner" jointly agreed by the two major investors. On the positive flip side these investors want a multiple return and the Directors have real skin in the game plus options.

[millwallfan] 14/10/2020 17:28

BJH whilst as we have both touched on 2-3 year projected valuations before (and are broadly in agreement) our figures are obviously based on all the positives being delivered and without any major setbacks ( eg a mine accident or current Covid which arrived totally from left field). As soon as figures of £5 plus are muted it is natural for most posters to consider such comments as blatant ramping. Let’s concentrate on the known fundamentals and future potential drivers of share value to support incremental growth towards our beliefs. EG. The relatively low number of shares in issue is a major positive in my book with 58% of those held by just 2 investment funds. Our day will hopefully come lol

[borisjohnsonshair] 14/10/2020 11:51

For sure. The Sept report shows AISC will be approx midway betweeen US$1050 and US$852 when Coringa at max - say US$975. Being glass half full we might have US$1,000 / ounce FCF in 2022 or 2023, hence US$100,000,000. Should be circa £8 share price.

[golden prospect] 14/10/2020 09:57

BJH: As we are now in Q4 and assuming back to full production, then the ore sorter should start to play a key role.

In the September presentation an example is given.

Sorter feed say 19,800t @ 1.8g/t gives high grade product of 2,200t @ >10.7g/t (and waste 17,600t @ 0.57g/t)

2021 may be a bumper year if gold takes off!

[borisjohnsonshair] 14/10/2020 09:14

No Q3 report then. I guess it's taking a long time to count the money.

[trader536] 13/10/2020 16:15

If there are none for sale how come someone just bought 16649 shares while the spread narrowed?

I wonder who that was??

[ppvn] 13/10/2020 13:21

Market makers will wake up in a bit. Giving my broker a call used to do the trick.

Bojo, if you're bored phone up and say you want 10k+ shares and the share price will go up 5p or more. Used to do that when I phoned.

Now I buy on the quiet days...

[borisjohnsonshair] 13/10/2020 12:45

Not surprising, looking at the pie chart in presentation. All too tightly held. Let's hope the take over is a mark up on the 500p we would be at if it was tradeable

[cotton4] 13/10/2020 12:34

None for sale

[borisjohnsonshair] 13/10/2020 11:54

Looks like good news expected tomorrow.

[tiger60] 13/10/2020 11:21

105 to buy so may move up in a bit.

[tightfist] 13/10/2020 10:36

Back in April one gained the impression that the contract SURFACE explorers were not willing to be disciplined with regard to COVID controls - and rightly shown the door..This is the first reference I have noted that surface exploration has now been resumed - the fact it is bold font suggests we meant to notice it?! Presumably this will be fleshed-out within the imminent Q3 update..The cash situation is rather nice - hopefully they can generate sufficient ongoing organic cash. If not there are the Convertibles to fall back on - and I see a "Term Sheet" features at the bottom of Coringa plan..Cheers, tightfist

[borisjohnsonshair] 13/10/2020 10:01

Hi Cotton - agreed plus I believe the exploration was suspended in Q2 due to minimising personnel on site for production. Even that was cut to allow distancing. Incredibly good management to temper back all but safe production to remain in profit and use income flow to create better housing, so output can ramp back up and exploration recommence. All whilst we waited for the great news on Coringa license. Fantastic strategy all things considered.

[cotton4] 13/10/2020 09:46

Continued exploration means not short of cash given that exploration is the casualty when cash is tight. Expect production results tomorrow, failing which, next Wednesday.
Nice position to be in, given that companies around the world are trying to preserve cash.

[ppvn] 13/10/2020 09:39

I'm with you bojo. Backward looking valuation.

Great to hear exploration underway as you say tightfist, thanks for highlighting the new presentation redtrend.

Still accumulating here...

[borisjohnsonshair] 13/10/2020 08:50

Tomorrow is the 14th. 2nd day in my mind when Q3 results cling out. If so we might get a crux interview covering the bigger picture. Having said that, it's only holders who watch anyway!!! We need better PR.

[borisjohnsonshair] 13/10/2020 08:48

Well I can't disagree with that.

[kennyp52] 13/10/2020 08:41

300p ? Stuck at 100p Boris .. the market doesn’t seem to share your optimism . We need some concrete evidence of where the company is at and where it is going IMHO .

[borisjohnsonshair] 13/10/2020 08:08

The company price I mean. It's a great little producer that is financing Coringa and the mega potential exploration.