Serabi Gold Share Discussion Threads

[bsg] 26/3/2021 13:30

Assuming the management have the Nounce to get it out at a reasonable cost.

[cotton4] 26/3/2021 13:23

My view on SRB is simple. If the gold is there the value is there.
When there is substantial expenditure to be made on Coringa, the last thing you do is increase exploration activity from 3 to 5 rigs unless you are pretty confident the gold is there. Maybe a bit too simple.

[tiger60] 26/3/2021 12:42

Rubbish

Don’t try and take the moral high ground by wrapping your comments in the tragic accident. I am sure we are all equally saddened.

The point being is their RNS stated production is ‘expected̵7; to resume. To gauge the impact from an investment perspective we need to understand which face it occurred, what does ‘local’ cover, cause and implications etc. There is nothing amiss about that and to suggest it is wrong on a number of levels

When I was invested in Norseman Gold many years ago the best source of information was a reddit site for australian miners which was very informative and had first hand info on conditions, morale etc on site. Gathering, analysing and interpreting all sources of info helps rather than blindly assuming outcomes based on confirmation bias

[golden prospect] 26/3/2021 12:28

tiger60, you have already been officially informed via RNS 10th March 2021 that production in the area of the incident was expected to resume within days. It is painful to make this comment again, especially on such a sad incident.

[tiger60] 26/3/2021 10:58

Anyone have access to local news on the accident at Palito?

This is getting painful.

[backinblack80] 25/3/2021 23:51

My thoughts exactly, Boris. If it drops much further I'll be concerned. Personally, I'm expecting some transformational news in the not to distant future..bwtfdik...This is AIM, after all...Come on BOD..prove your worth..

[borisjohnsonshair] 25/3/2021 16:01

A good point. A better financed & stable business but diluted for share holders. The objective will not lead to a nice yield 5-10% a year but multiplying- 3 to 10 times, so this drop is fine as long as the plan is delivered.

[backinblack80] 25/3/2021 15:35

MC is now roughly where it was before the placing when the share price was circa 90p...

[imastu pidgitaswell] 25/3/2021 15:00

Forgot about that...

[ppvn] 25/3/2021 14:40

Very frustrating here Bojo! Have been looking away for weeks now as it's just silly.

Not sure what the catalyst will be but like you I'm hopeful it'll correct soon.

[borisjohnsonshair] 25/3/2021 14:03

We are dead on NAV PS which doesn't include Coringa, which we can pay off. Basically at 50% discount at the moment prior to any resource estimate from exploration. Frustrating but will correct.

[tiger60] 25/3/2021 11:35

9th Apr 2020 7:00 am GNW Audited Results for the year ended 31 December 2019
26th Mar 2020 4:40 pm RNS Second Price Monitoring Extn
26th Mar 2020 4:36 pm RNS Price Monitoring Extension
26th Mar 2020 7:00 am GNW Issue of the 2019 Financial Results and Update on Operations

You are right BiB - i only looked at the title. The RNS 26th Mar 2020 was to issue notice of delay (rather at odds to the title)

But we need to stop the rot and get some support to the SP

[backinblack80] 25/3/2021 11:22

Boris, they have never released Results as early as the 26th so I would think early next week is much more likely...

[borisjohnsonshair] 25/3/2021 10:14

They'll firm up the huge discovery

[tiger60] 25/3/2021 10:10

And how has all the recent expo RNS related news impacted the SP?

[borisjohnsonshair] 25/3/2021 10:07

Why being walked down. We know the 2021 plan and it's news update driven Coringa and exploration, so an update can come any day and could cause a quick jump.

[tiger60] 25/3/2021 10:00

How can you say on the one hand you have made a mistake and you are going to sell and in the next say 'last chance to get a bargain'?

At the moment 70.4 to buy so plenty of time to buy. Goldies being walked down. Just disheartening

[borisjohnsonshair] 25/3/2021 09:52

Last chance to get bargains.

[borisjohnsonshair] 25/3/2021 09:52

Ha - you've lost a fortune here and are bitter & twisted and can't see the future. You have no friends loser.

[trader536] 25/3/2021 09:48

Boris my dear friend you were warned about this dog years ago. Woof woof! 🐶

Did you notice how GRL has performed since I tipped them to you at 2p?

[borisjohnsonshair] 25/3/2021 09:19

Crux interview two weeks suggested monthly drill reports. Update by mid April.

[borisjohnsonshair] 25/3/2021 09:11

No reason to expect bad news. Financially 2020 will be best year ever.

[ironstorm] 25/3/2021 08:44

Only if it’s bad news