Serabi Gold Share Discussion Threads

[borisjohnsonshair] 01/5/2021 11:56

The two major holders control a majority. Not sure what you mean.

[tightfist] 01/5/2021 08:21

Hiya; to hold the BoD to account. .Subject to the GM vote/funding, they opted during the year to up-their-game on expanding onto adjacent tenements and exploration expenditure.... which I sense holders on this BB are supportive of. Looks like a good opportunistic initiative IMHO.

[plat hunter] 01/5/2021 07:34

Yes tight...It's conditional because the proposed issuance exceeds the maximum permitted pursuant to the companies articles, which are agreed and voted on by the shareholders each year at the AGMEssentially everyone agreed the maximum dilution for the year but the BOD just proposed giving away whatever they wanted anyway.What's the point of having company articles?

[tightfist] 30/4/2021 15:34

1st March RNS:"......The Warrant Placing is conditional, inter alia, on completion of the Placing and shareholder approval of the relevant authorities to issue the Warrants and the new Ordinary Shares to be issued upon exercise of the Warrants at the annual general meeting of the Company to be held by the end of May 2021....".Not sure where were the unforeseen lays?

[trader536] 30/4/2021 12:18

Hey Boris is that a head and shoulders, or is it MH giving you the middle finger???

60p soon?


free stock charts from uk.advfn.com

[greggphilips88] 30/4/2021 12:00

(You may need to sign up with email to access.)
Interesting short read (from mid April 21) on bitcoin v gold. MH from SRB quoted on his view of gold rising to $2000 in medium-term.

[plat hunter] 30/4/2021 10:47

Sorry for the late reply Tiger but the company, by its own admissions has.... Cash transactional irregularitiesEngaged in unknown litigationOutstanding audit queriesFailed to file on timeIssued more equity than shareholders agreed....And failed to understand their regulatory obligations pursuant to their secondary listing.Correct me if any of this is incorrect but it seems the water is murky enough without me swimming around in it.

[plat hunter] 29/4/2021 12:57

Yes Boris, all the more reason to have a more competent BOD imo

[borisjohnsonshair] 29/4/2021 12:34

Loadsa gold pal!!!

[plat hunter] 29/4/2021 12:21

Boris... The BOD have zero corporate governance and thus zero risk management.It might be the boring pen pushing stuff that they can't do but it's still bloody important. It's negligent at best or just lazy and thoughtless.

[tiger60] 29/4/2021 12:03

Plat is trying to muddy the waters. For all the issues we have this is not one to be concerned about per se.

As a non shareholder he/she is still entitled to their opinions but not their own facts.

Ignore - it relates to the text from the latest RNS - better off to read it yourself and interpret the info

[borisjohnsonshair] 29/4/2021 11:54

Why vulnerable?

[plat hunter] 29/4/2021 11:47

Every day that passes the, company becomes more vulnerable. It now turns out that SRB is considered a 'foreign issuer' by Canada which means that they can file pursuant to AIM rules 'A foreign regulator'. What the funk are the brokers doing or why didn't the bod consult with brokers or their own legal? Share price unnecessarily battered.Now they need an AGM to sign off on the warrants because they could count and reconcile the mem & arts for the previous fund raise at 75pThe lack of oversight this bod keeps demonstrating is more akin to absenteeism than negligence. A very unprofessional BOD imo what won't they do next.

[backinblack80] 29/4/2021 11:45

Yeah..really exciting, Boris!

[borisjohnsonshair] 29/4/2021 09:36

Why? This is exciting. Every day that passes the business gets more valuable - gold being produced & sold, Coringa being developed and huge resource upgrades getting explored. Some very daft people selling.

[backinblack80] 29/4/2021 00:35

BOD needs a shake up.When will this accountancy issue be put to bed?

[king suarez] 28/4/2021 14:41

Agreed Obi-Wan..

[tiger60] 28/4/2021 13:46

The Company announces that a General Meeting will be held on Tuesday 25 May 2021, at The Long Barn, Cobham Park Road, Downside, Surrey KT11 3NE England at 10.00 am (BST). The Company has published the formal notice of the meeting (the “Notice”) on its website which can be accessed using the following link [...]

Not the RNS I was looking for......

[ppvn] 28/4/2021 11:36

Great point about mgmt buying shares tiger60 and I wholeheartedly agree. Particuarly in this time of self inflicted purgatory it would be the right thing to do in my view.

[tightfist] 28/4/2021 09:25

Hi BiB, interesting question in #2623 which should make one reflect, especially whilst the Brasilian audit question and suspensions are outstanding. In due course I am looking for a comprehensive briefing to fully close this issue, after the auditors (and Brasilian lawyers according to 06.04.21) have reported on their work. .I took good note of MWF's items and Chip's tabulation which is a timely reminder of two underlying factors - confidence in (1) management and (2) jurisdiction. Medusa MML has caused me much valuation frustration over several years, which IMO is an ongoing legacy of both 1 and 2. .I hope that SRB is soon going to have 1 exonerated such that all three elements can start to progressively shine through substantially as Brasil/Para get on top of COVID. Meanwhile IMO I recognise that uncertainty haunts the stockmarket..As ever, DYOR! Cheers, tightfist

[golden prospect] 28/4/2021 09:16

KP52, re CEO, they had the opportunity to fund which puts them in a strong position for 2021. Folk wanted them to be ambitious on the drilling front and so they can be.
Given what happened in the world last year, they have kept the show rolling so credit is due.

[kennyp52] 28/4/2021 09:12

2 major problems .. credibility of the CEO and Covid still hanging over Brazil ... all imho . Company fundamentally worth far more but how to get this realised in the share price ?

[cotton4] 28/4/2021 09:09

I agree Tiger but also take some comfort in that we had a healthy cash balance at the end of March + our existing assets. The unknown for investors is if there are any liabilities to be determined from the audit. As for the $80,000 and anything yet undiscovered it is either a p&l item and we take the knock or it is bs item and is recoverable. If we look at March as being a start point, then any anomolies are reflected in that position, meaning we did better than that position shows. What is important is that we now get proper controls in place going forward.