Serabi Gold Share Discussion Threads

[tiger60] 04/1/2021 08:29

Thought we may of seen an uplift first thing with gold up at $1934 as I write....

[cotton4] 31/12/2020 10:02

And to you Tightfist

[tightfist] 31/12/2020 09:27

T'was ever thus - or at least since 1949 when Benjamin Graham first published his Mr. Market allegory..It's at times like this one needs some bottle - speaking of which - Happy New Year!

[borisjohnsonshair] 30/12/2020 12:42

FAB - More under a quid bargains. Christ the markets and people are daft.

[tightfist] 30/12/2020 11:07

Hi Kenny, following the theme of keeping it simple, there are multiple reasons for significantly increasing PRODUCTION as 2021 - 2023 unfolds. That alone should drive a re-rating..(Beyond that, SRB aficionados can look towards potential Sao Chico expansion, exploration, the New Tenements, M&A, etc.).But let's keep it simple - Production! tightfist

[borisjohnsonshair] 30/12/2020 07:57

Hi Kenny - you are correct of course for wider recognition, however, we are the lucky ones to see the potential early, hence stocked up average close to 50p than 80p. Most will be buying at 200-300p but will enjoy a big pay day at 500-1,000p. This is going to be acquired for US$1B at least.

[kennyp52] 29/12/2020 22:58

One word “production221; ... they hit that then the free cash flow will be too substantial for the share price not to rise significantly . With the other potential resources etc ... well DYOR ... I have ... imho huge potential value . Let’s keep it simply eh ?

[tightfist] 29/12/2020 22:49

Sherry,.Just take a look at SRB Free Cash Flow generation and IRR, both delivered (eg Ore Sorter) and prospective (eg Coringa PEA)..Slide 22 of the latest presentation shows IMO a good balance of geologists, operational managers and financiers..26% share price gain (£) in the last four weeks is not too shabby! tightfist

[borisjohnsonshair] 29/12/2020 18:52

Why do you "have skin in the game" where you'd only make money if you are wrong about the management & large investors intentions. Does it often work for you, being wrong. I think you'll do ok here.

[sherry35] 29/12/2020 18:36

Cotton4 - Two (or three?) of the directors are from the investment institutions. And yes, you are correct in "seek[ing] representation on the board". However, there is something wrong with this company.

I truly believe SRB has the wealth in the ground. I don't believe in the company to capitalize on the wealth i.e make my investment profitable at all.

With all the corporate presentations being removed from the Web site, it speaks volumes about the company. My metric 2 has been marked "failed".

The question bears asking will they remove the M&A reserves from the investor presentation. Double edge sword.

[cotton4] 29/12/2020 18:19

Sherry - I can understand you're gripes but if you had a 25% stake in the company, would you not seek representation on the board.

[sherry35] 29/12/2020 18:12

BJH - Not leaving because I "HAVE SKIN IN THE GAME" - unlike other's who's names should not be mentioned. We are just getting rolling here in the colonies. The game is a foot.

We've all formed an opinion of your one line contributions to this board. As you will note, I use the mgmt's history of SRB business activities to bring facts and discussion to this board.

How's your profit compared to the salaries over the past 5 years? Love to see the facts on this one.

______________________________
What's the plan?

[sherry35] 29/12/2020 18:02

OT: Enslaved people rescued from illegal Brazilian gold mine. I wonder how more are operating in various states in Brazil? Who benefits from the confiscation?

[borisjohnsonshair] 29/12/2020 18:00

No buy, go away and get on with your own plan. You are boring us all.

[sherry35] 29/12/2020 17:51

tightfist - Not buying anything that is announced by SRB with a Greenstome employee on the BOD. With Au heading north, the (Greenstone) SRB director will push and greenlight the CLN draw down. Ultimately in the end, the Greenstone employee is accountable to the investments held by ... drum roll ... Greenstone aka Greenstone's own investors.

In fact, I read between the lines when it comes to SRB's published documents.
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The mining industry, with it accompanying investors, are staying away from SRB. And, it has nothing to do with Au in the ground!!! Time to restructure.
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The dog'n'pony presentations have been stripped from the SRB Web site. Based on your professional experience, how does reflect upon a company's core value (e.g. teamwork, customer service, innovation).

Nobody is willing to invest in this company's future due to lack of drill results. Somebody is profiting from this but it's not the current share holders.
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To date, there has never been any online or conference port quarterly financial meetings with investors. Why? Afraid of the hard questions?

[sherry35] 29/12/2020 17:34

tiger60 - Nope. The November 2020 presentation is still not being referenced on the Web site. In fact, all the prior years' presentations have been removed EXCEPT for the NI reports published from adhoc drill programs. Hmmmmmm ...




My closing footer is a very valid statement.

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What's the plan?

[tightfist] 29/12/2020 16:44

Hi Sherry,.If you read back I think you will find they have made it abundantly clear that the CLN's are now seen as a last resort and deferred. In the latest presentation on slide 11 they have updated on receipt of Indicative Term Sheets which indicates again IMO that prime-path is to some fresh debt in 2021..Cheers, tightfist

[tiger60] 29/12/2020 16:38

All of the presentations are there on their website- just expand the view on each year displayed.

Investor centre - corporate presentations.

[sherry35] 29/12/2020 16:05

Recap of my metrics for SRB/SBI

Metric #1 Open
=========

I've taken the liberty of using a P/F/A style status report to measure the 2021 drilling performance being managed by the SRB executive team. The planned (P) drilling metrics came directly from slide 12. I counted all the squares (drill targets) on the chart for each of the 8 regions at the PC. To reiterate, the planned (P) drilling targets came from slide 12 of the Nov 2020 SRB investor presentation once residing on the SRB Web site. The forecast (F) drilling targets will be sourced from any document released by SRB. The actual (A) drilling results will come from the NI report. I solicit the forum for feedback on the planned (P) targets.


upload picture online free






Metric #2 - Failed
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All published investor presentations to date will remain visible and accessible from the SRB company Web site for the next 2 years.

Metric #3 - Open
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All required permits for the Coringa mining operation will be obtained by 2Q2021.

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What's the plan?

[sherry35] 29/12/2020 16:02

The high level project plan from the November presentation is missing in the Dec investor presentation. The share distribution slide is missing as well. Also, all the other 2020 presentations are missing from the Web site. Hmmmm ... executive team and BOD must be getting updates from a mole. That's ok, I have copies on my hard drive.My opinion still stands on "Living dead company".

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What's the plan?

[sherry35] 29/12/2020 16:01

bomber13 - With share price moving north, do you think the executive team will seek BOD approval (with one director from Greenstone) to draw down the remaining CLS? In other words, Greenstone has controlling potential to bank some nice coin when selling the SRB shares at 20% plus profit with Au moving north. We've seen this twice before with the share price heading north and shares being dumped.

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What's the plan?

[kennyp52] 29/12/2020 14:25

Tightfist ... been screaming production , production , production for months .... I totally agree with your view. If the BOD concentrate on this in the next 6 months and we get some decent production figures then they may win the trust back and the share should at least double before moving on hopefully to Boris’ assessment of MCAP .