Serabi Gold Share Discussion Threads

[ppvn] 01/2/2021 13:02

Hey Tightfist (et. al.)

Yes, they seem to be updating the corporate presentations as opposed to releasing new ones to supplement the old - think I probably have copies of most of the older ones but not sure how relevant they might be as they are updated. As you say, I think its more interesting that they certainly do seem to be putting in more legwork for PR - call my a cynic but that seems to have coincided with the grant of their options... which I personally think is great! And I hope it continues!

Good spot on R&M, it would certainly seem to fit that they are reducing currently. But conversely it also seems that someone else is buying? I've picked up a small handful more but nothing to counter what has been printed in sales!

Finally it is nice that the presentation includes Serabis expectation of FV compared to peers being nearly a fiver when Coringa comes up. Purely because if there is any M&A etc its nice to know they view the share price currently as v low (I assume?).

[imastu pidgitaswell] 01/2/2021 12:10

It is a problem with smaller cap shares like this that are not liquid - lack of flexibility.

I blame our mutual friend for bringing it to my attention in another of his classics:



Right before it went from 82 to over 110.

[plat hunter] 01/2/2021 12:06

lol tiger...


No, i cancelled the limit on Friday, however you'll be glad to hear that I've just been quoted 90 to sell.


I'm more angry at myself to be honest Tiger, could not have timed it worse in hindsight.

[cotton4] 01/2/2021 12:05

Had a squint a new presentation, especially page 3. Very bullish.
''Stable 40k oz rising to 50k oz with ore sorter''. Is this an upgrade on forward production from 33-36k oz?
Another 50k+ but as I type.

[tightfist] 01/2/2021 12:02

Thanks PPVN, initial viewing of the presentation looks good as they seem to start cranking the PR machine..I thought R&M looked low at 7.6% - Last April's AR (page 72) indicates 10.5%. Last Holdings RNS was on 12th May reducing to 9.8% - Have I missed a later holdings RNS? May explain the recent share price weakness? (All figures pre-CLN's which will ultimately represent ~3.3% of total dilution).BTW I went to check the November presentation on their website, the year 2020 has been obliterated? That is true serendipity.........Looking better this morning! Cheers, tightfist

[cotton4] 01/2/2021 11:50

Looks like there is good news coming down the line.

[tiger60] 01/2/2021 11:40

A nice 50K buy pushed up to 90. I hope you got your exit price and are out now Plat!

[cotton4] 01/2/2021 11:05

Thought someone was absorbing these sales.

[imastu pidgitaswell] 01/2/2021 09:24

Just bought another 5,000.

[cotton4] 01/2/2021 09:23

Someone seems to be absorbing these sales.

[tiger60] 01/2/2021 09:22

Thanks. They seem to be ramping up the Pr and they have now got a lot of irons in the fire we just need a catalyst to start momentum going. Tapajos (slide 6) illustrates perfectly how it is surrounded by tenements owned by Anglo American and Eldorado - surely some kind of tie up is in the companies interests?

[ppvn] 01/2/2021 09:11

Missed this on Friday. New corporate presentation put up on their website.

[plat hunter] 01/2/2021 09:03

Nothing's changed... Long time lurker, first time buyer.I shouldn't even have this on my watch list let alone end up buying it. To think that I sold FRES for this too. My own fault don't blame anyone else.

[kennyp52] 01/2/2021 08:58

Reddit more likely to move the Platinum price IMHO which many commentators agree is potentially substantially undervalued underpinning any move the crowd take . Gold much more difficult to move with so many banks accumulated for balance sheets and governments holding huge stocks and still adding.

[tiger60] 01/2/2021 08:47

You bought 4 days ago? What has changed between deciding to buy to your statement above?

I would expect to see blue today. It is a tight spread, buys at 87 but gold is 1863 up 16 so would expect movement. A pity the Reddit crowd didn't chase gold rather than silver but may see some knock on affect.

There does seem to be an active seller over the last few days - atm selling at 5,000 blocks with 2 slightly bigger trades first thing this morning - maybe Boris had more than we thought!

[sherry35] 01/2/2021 05:49

tightfist - I read most of Jan 15 PR. Very good report from the executive team. I'm hoping the stated 2021 and 2022 production numbers are the usual MH conservatism.
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Looked at slide 6. AA has some choice permits around zone 2 and 8. Has AA actively worked the permits? When do the permits expire? I suspect they are slowly going to consume SRB. MH's scored big time on SD - brilliant.
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So, "the newly acquired Sao Domingos prospect with three rigs arriving late in the quarter" begs the question "Who has the goods?". SR, AA or both.
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ELD will be watching this very carefully. Bidding war or hostile takeover on the TSX/LDE?
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The "32,000 metres drill programme is planned for 2021" is very encouraging.

[sherry35] 31/1/2021 16:12

Hi tightfist - You are right again. I'm sourcing the www.stockwatch.com Web site. I'll readjust to tmx.money.com. I try to practice "one stop shopping for all my data needs" or get close. My apologies to the group.
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www.stockwatch.com tracks the trades on all CDN exchanges. Best demographic example is MND. Click on "3 month closes" for daily summaries.
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My metric wasn't far off. Very difficult to extrapolate the exact number of holes on the slide.
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Google satellite shows a pit mine just NW of zone 5. Exactly where the road terminates on the slide. I mentioned this in a old post. I'm wondering if SRB's conducted aerial geophysics thingy covered that area.
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I'm predicting zone 9 will be between 2 and 8 aka the AA farm-in by SRB.

[tightfist] 29/1/2021 18:49

Hi Sherry; I often wonder if you get to see the Serabi RNS's. The 32,000m target figure was on 15th Jan, bullet point 6..They updated on their SD and SC drilling-to-date and follow-up plans last Friday, the 22nd..Why keep repeating Drill the Permits - that is what they are already doing! Or do you mean something different?.tightfist

[sherry35] 29/1/2021 16:22

tightfist - Based on my last 5 years invested in this uniquely managed company, the total 5 years may add up 16000m. Where did the 30,000 meters come from?
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What is the all in cost per metre?
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I wonder what the bonuses are going to be for last year? Will it just given POG saved their bacon.
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Talk to my contacts in To and VC. Echoed what I knew.
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Finally ... DRILL THE PERMITS. "The plan" is to drill the permits for now.

[plat hunter] 29/1/2021 14:44

Right you are tin pot MM, if you're watching.


Up your Bid, you can have mine for 88.8 already keyed, go and take it please.

[ppvn] 29/1/2021 14:22

Gold having a bit of a day today. Not done our share price any good but with a bit of luck will help the bottom line.

[tiger60] 29/1/2021 14:14

Reddit boiler room. The ones that get in and out early will benefit, whilst the naive will suffer. What is happening at Gamestop is more interesting than the normal pump and dump as they actually chose a stock with short sells that covered the whole company valuation so there was method to this but it needs mass participation from the retail investors to work. Unfortunately, most of these will lose money.

The american market has been driven to extreme valuations based on an influx of retail investors attracted by zero commission, clever marketing and the wish to get rich quick. unfortunately this is distorting valuations. It always ends in tears

The question you have to ask is is it immoral? I certainly think that there is an obligation on the part of the initiators to self reflect as their profits are only achievable by getting economies of scale. Yes the hedge funds may get burnt (and some may argue they are getting a taste of their own medicine) but it will be the late comers and those easily led by rhetoric that will also suffer and those people need to be given more awareness of the risks