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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Serabi Gold Plc | LSE:SRB | London | Ordinary Share | GB00BG5NDX91 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 67.50 | 66.00 | 69.00 | 67.50 | 67.50 | 67.50 | 31,215 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 63.71M | 1.14M | 0.0150 | 45.00 | 51.12M |
Date | Subject | Author | Discuss |
---|---|---|---|
07/4/2021 07:30 | Kenny - audits aren't spot checks. They cross every financial tee & dot every financial eye. The "approximately £80k" is the sum unidentified, hence the rest of the accounts are in order. | borisjohnsonshair | |
07/4/2021 07:13 | Nice to get a bit of good news. | cotton4 | |
07/4/2021 07:06 | The 40p dreamers may be quiet today. Excellent drill results. A PDF version of this announcement, including all images, can be accessed using the following link - | golden prospect | |
07/4/2021 04:26 | tightfist - Can you nake short AIM stocks? | sherry35 | |
06/4/2021 21:58 | Why not make yourself look a complete prat and say 5p ? Bit like calling FRES will be 3000p isn’t it ? | kennyp52 | |
06/4/2021 18:14 | The audit doesn't have a material discrepancy because it's unfinished. It's delayed pending missing information. | borisjohnsonshair | |
06/4/2021 18:07 | BJH - we're all entitled to our own view - here we'll have to agree to disagree :) | 5teadyeddie | |
06/4/2021 17:43 | Material discrepancies in the audit leads to material downward rerate in the share price. Block fanboys and obnoxious posters who talk a share up all the way from 90p to 60p - go figure. Not even worth reading their comments. Further to fall here and deservedly so | r1singson | |
06/4/2021 17:37 | I've reread the news - "approx £80k". If there were other issues preventing an unqualified audit, they'd have stipulated or left it open ended. It wasn't £80k so far, it was this sum unrecorded to their satisfaction. Pls reread and see if we'll have to agree to disagree my friend. | borisjohnsonshair | |
06/4/2021 17:20 | BJH, sorry, but I can't agree with you. If the auditors were certain that $80k was the top and bottom of it then there wouldn't be a need for continuing audit work, maybe not for a team of lawyers, and no significant delay to the accounts. Being suspended from trading in Canada is a terrible reputational step: not to be taken lightly (imagine if we couldn't trade our shares for an unknown period while the price was falling?). I read it - as an ex-auditor - that it's more a case that the $80k is the only amount nailed down so far. Hopefully it will be all it is, but there's no certainty. All todays RNS promises is an expectation that the results will be published within AIM deadlines, ie by 30th June. It's not reassuring. Coupled with the $970k P&L adjustment, which as a very rough estimate must be 4%-8% of the value of the deliveries affected instead of the 1%-2% norm, it adds up to concerns about whether the management is in control of the required detail. | 5teadyeddie | |
06/4/2021 16:29 | Thanks for the update BJH. | golden prospect | |
06/4/2021 16:13 | Back up in Canada | borisjohnsonshair | |
06/4/2021 15:40 | Good support @ 40p | r1singson | |
06/4/2021 14:35 | That's nonsense. The news mentioned the total sum unaccounted for and the date realised. Mid month of March. This is the max, perhaps all nicked or perhaps some of the 80k will be accounted for. To suggest there's more in 2020 or earlier is unfounded. | borisjohnsonshair | |
06/4/2021 14:03 | The 80k itself may not be significant. But the auditors will have checked the accounts by taking a sample - maybe 25 or 30 - of payments or invoices (irrespective of size) and checked them back to supporting documentation to discover whether or not the financial systems supposedly in place can be relied on, and therefore whether the numbers in the accounts can be relied on. It looks like they have not been able to conclude that the systems are reliable, throwing into doubt the numbers being reported. So they are having to go back and do more sampling and testing, which takes time, and their suspicions are obviously aroused, so the back-up documents will be scrutinised more closely. The auditors may be able to conclude that the problem transaction(s) were limited, but the worry is that they may not. Logically they did more work before the RNS and weren't able to satisfy themselves that everything was OK. Hence the need for an RNS about it and much share selling. | 5teadyeddie | |
06/4/2021 13:53 | 75M shares. Do the math | borisjohnsonshair | |
06/4/2021 13:53 | MCAP is £45m at the moment. | novicetrade68 | |
06/4/2021 13:50 | US$20M = approx 19.5p per share!!! What's the producing mine + Coringa plus the exploration. | borisjohnsonshair | |
06/4/2021 13:50 | And perhaps we should not overlook SRB drilling around 30,000 mtr (!) this year,could potentially add a lot of new gold to their inventory, which normally does get reflected in the share price at some point. | novicetrade68 | |
06/4/2021 13:25 | Good price action here | r1singson | |
06/4/2021 13:22 | *I hope you're right | plat hunter | |
06/4/2021 13:21 | It's down 10% and gapped down and substantially below Bollingers standard deviation Stu.I hope you're but if i am reading too much into it, I'm clearly not the only one. | plat hunter |
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