Serabi Gold Share Discussion Threads

[borisjohnsonshair] 29/3/2021 09:38

The only production possible at the moment is P & SC - they've just confirmed it's extended life, DOUBLED. US$17.5M is mainly to finish paying Coringa which give you an extra 38,000 ounces!!! Be happy. The US$5M will probably prove up a mega open pit mined resource.

[kennyp52] 29/3/2021 09:35

I’d rather hear we are hitting / exceeding production targets than a fluffy exploration RNS . $17.5m being spent this year so it will imo need that “transformational” find to support the share price We have a highly paid CEO and it is time he delivered .

[borisjohnsonshair] 29/3/2021 09:33

The future is rosy

[trader536] 29/3/2021 09:18

Jam next year.....

‘Following the successful equity raise of US$17.5 million announced on 2
March 2021, we are fully funded to complete our 2021 exploration
programme which will include 32,000 meters of diamond drilling over the
course of the year’

Woof woof 🐕

[trader536] 29/3/2021 09:16

‘Our global mineral resources have remained relatively stable despite mine
depletion and although the reported reserves are lower than we would
normally expect’

[borisjohnsonshair] 29/3/2021 09:12

Doubled the resource, FCF secure for the money tap to keep flowing. Should clear US$1.5M a month.

[cotton4] 29/3/2021 09:04

It is not a negative RNS, comes across to me as cautionary.

[trader536] 29/3/2021 09:02

‘The virus has killed more than 300,000 people in Brazil, its spread aided by a highly contagious variant, political infighting and distrust of science’



Huge risk investing in Brazil now

Only the Stupid would be buying this dog. Woof woof 🐕

[golden prospect] 29/3/2021 09:00

"Excellent progress on both exploration and development" is confirmation the mine is operational, and yes it presents a platform to measure against when 2021 exploration news is announced.

[cotton4] 29/3/2021 08:44

Not quite the RNS we were expecting. Obviously Covid-19 still front and centre in the short term but with Brazil vaccination program starting concerns should diminish as the year progresses. For the moment we are still producing and exploring. Feel that showing the resource as at Dec,20, this will act as a benchmark for the rest of the year.
Still the financials for 2020 imminent, then production for qtr1 followed by financials, Coringa licence Qtr2 and exploration results.

[borisjohnsonshair] 29/3/2021 07:21

Sitting pretty - solid resource growth associated with existing production plus fully funded for Coringa acquisition and exploration. Coringa development to be cash flow and minimal debt. Rock solid as we firm up the mega open pit resource over the next 2 years as output grows to 90,000 ounces.

[golden prospect] 29/3/2021 07:12

In black and white, couldn't be clearer.

“With our workforce back to full strength and our COVID-19 protocols seemingly very effective at keeping the virus out of our camp, we are making excellent progress on both exploration and development. We look forward to updating the market with our exploration results throughout the year and are confident these will lead to a growth in both our reserves and resources and demonstrate that the Palito and Sao Chico deposits remains long-life assets.”

[borisjohnsonshair] 29/3/2021 07:06

Positive update

[trader536] 29/3/2021 06:51

I might have guessed my mate Stupid would be in these with the rest of the losers. Woof woof 🐕

[trader536] 29/3/2021 06:48

SRB share price has been a slow motion train crash, woof woof 🐕

[tightfist] 28/3/2021 14:50

Someone who has an interest in trying to create an illusion..If you want to see this behaviour in spades keep an eye on ALTN....

[borisjohnsonshair] 28/3/2021 09:33

Ummmm clear as mud. It's a false rise, right? If so by who and why?

[tiger60] 27/3/2021 17:02

A high close occurs at the end of a trading session in the financial markets. The closing price is the price of the final trade before the close of the trading session. These prices are used to create traditional line stock charts. They are also used to calculate moving averages.


Since closing prices are widely followed, they can be manipulated by traders to produce the appearance of a rally in a stock. This practice, known as a high close, is especially prevalent with micro-cap stocks that have limited liquidity (since less dollar/pound volume is needed to move the price higher). Closing prices can also inflate the price of stock derivatives that might form the basis of that derivative.


Most of the manipulation that occurs through high closing happens at the end of a month or quarter. Stocks with low levels of liquidity and a high level of information asymmetry are especially susceptible to manipulation.

A move into quarter 2, or a news driven event via a RNS may change this, but like us all we are at the whim of those with deeper pockets. Frustrating but within the companies power to change the narrative. Let’s see what happens in the last 3 trading days of this quarter and the opening price on Monday morning. Hoping for a positive RNS

(One thing at odds to the above on Friday was although the 134 UT share trade went through at 4.35pm to push the close to 70.6p. There was a late reported trade for 7,500 at 70.6p post 5pm)

[borisjohnsonshair] 27/3/2021 14:57

Does this indicate anything to you?

[tiger60] 26/3/2021 17:20

Third day in a row a small UT inflates the price at close.

[tightfist] 26/3/2021 14:38

And now they have Fratelli/Banadõs, Greenstone, Miton and R&M all breathing down MH and CL's necks....

[cotton4] 26/3/2021 13:35

If its there, there will always be others who will get it out at a reasonable cost.