Serabi Gold Share Discussion Threads

[tiger60] 21/4/2021 14:36

Gold looks to be in the hands of the bulls again

[borisjohnsonshair] 21/4/2021 13:55

Audit out tomorrow hopefully. Move onto the the future.

[borisjohnsonshair] 21/4/2021 13:30

It's up over 20% since you last said that - moron

[tiger60] 21/4/2021 10:06

The hinderance to us being a buy out target is the nature of our current mining - deep narrow vein mining. If we can prove up a resource that is accessible by open pit methods then we are very much in play.

Proving up the potential is now the main focus of management whilst keeping production chugging along. In total agreement with that.

[ironstorm] 20/4/2021 20:03

I am coming around to the idea that the only way we will see a serious return is for this to be bought out.

The company over the years has only ever mined at the same rate it is now. Coringa keeps moving further away. Who would buy us for that.

So as tiger says drilling is the way to go and show some leg to the big boys around.

One hopes this is the management plan. No doubt they have been forced into it.

[ironstorm] 20/4/2021 20:03

I am coming around to the idea that the only way we will see a serious return is for this to be bought out.

The company over the years has only ever mined at the same rate it is now. Coringa keeps moving further away. Who would buy us for that.

So as tiger says drilling is the way to go and show some leg to the big boys around.

One hopes this is the management plan. No doubt they have been forced into it.

[tiger60] 20/4/2021 19:57

I don’t think we will see similar drop here tomorrow but I still don’t understand how buys go through all day at 73.90/74 yet we stay at 74.5. So expect a fall back to 73 (barring other influences overnight)

[cotton4] 20/4/2021 19:57

I understood 'hopefully by the end of the year' related to having the plant assembled at Coringa and not the final licence. I may have picked that up wrongly, Tiger.

[borisjohnsonshair] 20/4/2021 19:50

Down 7.7% in Canada but what do they know

[tiger60] 20/4/2021 19:14

First the negatives. I am slightly concerned by the change in language regarding the final Coringa license to ‘hopefully by the end of this year’. This has been moving outwards but hopefully not a major risk. I was more upset by what I see as a continuation of selective vocalisation and publication of metrics. This time telling us we had beaten production guidance by 16% but not actually telling us, or publishing, their expectations for production in Qtr 1. Where is the transparency there? What are the expectations for Qtr2? The headline looks great - beat guidance by 16% but how do we as investors know, or check, on the validity of the words?

The irony of MH complaining about SRB’s poor valuation to their peers obviously pushes people to look at the intangibles. The obvious one being management!

I am not MH or CL’s biggest fans. But I do have faith in the tenements and in other more established players skills in recognising an opportunity. I personally think given the nature of the surrounding ownership base we are inevitably going to have some corporate action (prior to Coringa). If the expo results follow the current trend and inflation rears its head pushing up gold then there will be a lot of interest generated.

The drilling is the way to go and if the resources are firmed up we will get the uplift we are looking for irrespective of management skills. Although fair play for buying the tenements last year and maybe worth searching out any further opportunities in a land grab that might prove to be a great investment. I am looking for this to play out within the next 12 months. Hopefully I will not be here to see Coringa come online if I am right

[tightfist] 20/4/2021 16:14

Hi MWF, thanks for your note, I am keen that we do challenge each other, rather than recycle Confirmation Bias. As you say, I am a Detail Monkey which is OK as long as one doesn't loose the Big Picture view......Hopefully the market will one day pick-up on SRB but it could be a fair time coming - IMO unpredictable until Coringa reaches production, unless in the meantime they make some impressive exploration finds and/or forge a new relationship with a major. Or PoG takes off. Now we think we know the plan, but they do tease with "regional consolidator" their visionary strap line, which has recently morphed to "Willing participant in (or Seeking) accretive M&A". Nearby Eldorado were mentioned the other day, but I guess it could equally have been adjacent AAL or Cabral Gold..I have noted on here intermittent criticism of management, unsurprising given the share price performance. As someone else mentioned, they do seem to have repositioned this year to the potential "under promise, over deliver" camp - or is that another form of Confirmation Bias?! As 2021 plays-out we shall see! I too welcome the rebalancing of the major shareholders and Miton coming on-board. .Good luck! tightfist

[ppvn] 20/4/2021 12:11

Have been going through some comparables and serabi really should see some uplift going forward. It's existing p/e is around 7x with no debt and forecast earnings growth of 170% from 2021 to 2022.

The market is really punishing them for something and much as I'd like to think its not the management's fault it's getting harder to ignore this gross valuation difference between them and their peers.

They need to get this audit debacle behind them ASAP and put robust controls in place. I'd like to see the responsibility at the door of the CFO for a start...

[trader536] 20/4/2021 11:47

You've bought a dog and can't even take it for a walk 😆😂🤣

Woof woof 🐶

[borisjohnsonshair] 19/4/2021 12:28

It moves - I was probably right before the 25,000 sale!

[linton5] 19/4/2021 12:22

You mean 73.5 75 lol

[borisjohnsonshair] 19/4/2021 10:43

Sorry 74-76

[borisjohnsonshair] 19/4/2021 10:39

It's only 74-75

[linton5] 19/4/2021 10:34

Just hate the spread but these things happen 🦔

[borisjohnsonshair] 19/4/2021 10:21

Gold looking good

[stan72] 19/4/2021 09:40

Walter Mitty

[millwallfan] 18/4/2021 18:35

Tightfist. I always appreciate your posts and only wish I had enough detailed knowledge to challenge, endorse or make any added value comments. For what it’s worth my previous contributions have really been limited to supporting the POTENTIAL share price based on the known fundamentals of their ability to increase to 80-100 k ozs, the current JORC, further exploration potential and POG even at current levels (assuming they can get some economies of scale to reduce the AISC towards $900. Given the above I have previously supported BJH’s £5 plus. I also think the slight re-balancing of the major shareholders may prove a positive in attracting new investors. Just my thoughts.

[borisjohnsonshair] 18/4/2021 16:05

Cash being dumped from Bitcoin will further boost Gold