Serabi Gold Share Discussion Threads

[sherry35] 12/1/2021 17:47

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Who chaired the bonuses 3 financial directors that like CRISP statements ... drum roll ...

HS "spend 10 years, in the early part of his career, working in investment banking and merchant banking , primarily focused on the basic industry (mining) sector and subsequently has held senior executive and board positions with various mining companies. he was President and CEO of << TVX Gold >> at the time of its sale to Kinross Gold in 2003 and, subsequent to that, was President and CEO of Atlantico Gold.

Looking forward to the emergency AGM. The financial guys are asking the same questions by their own companies. Looking for fiduciary duty by three top institution directors. Having a tough time with the depression and your own investors asking questions.

Rain days folks. Buckle down.

[bsg] 12/1/2021 15:48

AIM is all about letting a little rub off on you from the snouts in the trough. Is this yet another AIM lifestyle company? I've been here a while.

[borisjohnsonshair] 12/1/2021 12:49

Yes - the AISC is high at the moment for lots of reasons. It drops dramatically when Coringa on line. We'd make US$250 x 80,000 - US$20M a year even if it dropped to US1,200 an ounce. We will soon be LAUGHING. Why the drop below 100p again???

[tightfist] 12/1/2021 12:41

Sherry,.Scrutiny? It's a fact that the ordering of the Ore Sorter was reported on 24/04/18 and the commissioning trials started on 08/01/20. So the total elapsed time was around 19 months - it was not 2 years late! (versus plan). MH expressed some frustration along the way - the machine had to pass a test run on Palito ore in Poland and then shipped across the Atlantic and through Brazilian customs, all the way out to remote Palito. Not easy..You may recall I was very outspoken on here two years ago that they should aim to organically fund Coringa in toto. IMO that would now be possible - but they have indicated significant spend on increased exploration during 2021 which will require some fresh indebtedness - which I support..I am not inclined to Confirmational Bias...... however, if you see the current team as that incompetent, I am surprised you are still in here..Cheers, tightfist

[cotton4] 12/1/2021 12:30

If pog was to go to $1700 and we get back to production in the mid 40,000, then we still make substantial amounts of cash. All of course imo. A year ago pog was nearer $1550.

[sherry35] 12/1/2021 12:25

OT:. I'm not a medical doctor. Due you own due dilgence.

[imastu pidgitaswell] 12/1/2021 12:18

If it helps I just back my 5000 sold at 99 and change last week.

Last of the big spenders...

:-)

[borisjohnsonshair] 12/1/2021 12:03

I thought so

[ppvn] 12/1/2021 11:23

You've misunderstood the CLN terms Sherry, the fact of the matter is that they are now less dilutive than they were at the time of issue. You can spend some time looking at them as it'll be more productive than your popcorn eating!

You're also taking issue with these new technologies that serabis bod are employing - how many other goldies are using ore sorters to increase efficiency? Not many that I've seen. You seem to have an axe to grind which is fine, but I don't agree with you and I don't think your arguments are either valid or stand up to scrutiny.

As for the POG going to 1700, good luck with that...

[tiger60] 12/1/2021 11:15

Gold bouncing back to $1860, was hoping SRB would follow. Well not long for the Qtr 4 production figures.

[ppvn] 12/1/2021 11:05

Hi Sherry, really not too sure what you have against those salaries. I just don't see them as egregious by any means. Infact quite the opposite; I was pleased when they were granted their options as it incentives them to light a fire under the share price for everyone's benefit.

Its all very well and good carping on about drilling the permits; until last year gold was at a level that did not enable them to generate the cash needed for the dilution free acquisition of Coringa, let alone a large drilling campaign. Had they decided to take that route before now, we wouldn't be looking at 60mm shares in issue and nearly debt free, it would be much, much higher and my shares would have significantly dwindled in value.

The acquisition of Coringa was I believe an attempt to make the company viable at a much lower POG via economies of scale (I.e. Three mines/two processing plants with the cost of one management board) - but now with the POG so much higher we are within sight of being a 100k oz producer with exploration being conducted apace. Sorry, but I'll pass on your CV for now... ;-)

[sherry35] 12/1/2021 11:01

Next predictable move, as experienced Raging Bull, is to have my accounts shutdown. Trump twitter move.

The problem is I'm using 5 years of information sourced from public Web sites like www.serabi.com, and www.sedar.com. Metric #2 was so predictable.

[cotton4] 12/1/2021 10:58

Self praise is no honour.

[sherry35] 12/1/2021 10:51

I hope they saved money for a raining day.

[sherry35] 12/1/2021 10:51

The BOD has fiduciary duty to this company as stated in Ontario and UK Corp Acts . They are accountable to all the SRB/SBI investors retail or otherwise.

Nicolas Banados Non-Executive Chairman
Sean Harvey Non-Executive Director - worked at "President and CEO of TVX Gold"
Mark Sawyer Non-Executive Director - worked
Eduardo Rosselot Non-Executive Director
Luis Azevedo Non-Executive Director
Aquiles Alegria Non-Executive Director

I want see the directors make the hard decisions on the executive team. You approve these fat salaries.

[sherry35] 12/1/2021 10:40

Executive salaries approved the BOD director pals.

From 2019 Final Financial Filing



From 2018 Final Financial Filing



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Hire me at $150K US with no bonuses. I have a project plan and skin in the game and willing to relocate to Brazil for two years. I managed multi-million projects. I execute with ... drum roll ... a high level of integrity. Unique quality rarely seen today.

[borisjohnsonshair] 12/1/2021 08:12

Yes and your preference for the kind herb.

[sherry35] 11/1/2021 23:49

I hope it captures my good side when forwarded along.