Serabi Gold Share Discussion Threads

[golden prospect] 15/6/2021 09:41

I'm guessing a whale buy order sits in the background as persistent seller departs with premium

edit:
given the depressed share price it's a good time for a predator

[golden prospect] 15/6/2021 09:22

t60, by far it is best to filter - makes for a disjointed read but eliminates noise

I agree about plenty of news in the pipeline.

[plat hunter] 15/6/2021 09:19

Who honestly cares about the drilling campaign?That's like looking forward to getting some firewood delivered after you've lost your matches.The only thing that matters here now is the accounts and an update on the undisclosed irregularities

[imastu pidgitaswell] 15/6/2021 08:43

Yes. Please.

[tiger60] 15/6/2021 08:42

Can we move on?

Upcoming events:

Expecting an RNS regarding the 4th drill (arriving in June)
Restoration of the Ore Sorter as RoM ramps up
Breaking ground at Coringa (early July)
And of course the annual accounts!

[imastu pidgitaswell] 15/6/2021 08:41

And we've had this before. Liquidity of the business versus liquidity of the shares.

You didn't specify.

The problem with you is, er, you.

[plat hunter] 15/6/2021 08:39

11k shares traded do far... Amazing liquidity The problem with you stupid is, you don't understand what the important words mean.

[imastu pidgitaswell] 15/6/2021 08:39

Great - you can't contradict with anything factual so you just resort to the usual.

As I said, if you still can't accept that you're simply wrong on the facts - not the interpretation - then there is no point in discussing the interpretation.

Your response above just proves it - the facts conflict with what you say so it's just the toddler response. Pitiful.

[plat hunter] 15/6/2021 08:28

Keep buying stupid, you've obviously been right so far.

[plat hunter] 15/6/2021 08:27

Yes BIB...I have no idea why you think I would be confused between a PLC and a LTD. It's a little bizarre tbh.

[imastu pidgitaswell] 14/6/2021 22:48

Here we go again...

1 - almost correct (they’ll be in breach if they don’t file before 30th of June AND are not granted an extension); never been disputed (tell me where I disputed that) although I asked several times why you keep mentioning the main LSE requirements for four months +2 months possible extension when the reality was six months +3 months possible extension - you never answer it.

2 - Wrong - we did this around early April - look back on the thread, that isn’t what was said. You wouldn’t accept you’re wrong but it is spelt out in black-and-white. You extrapolated what they said in an RNS to mean something that it doesn’t say. I’m not doing it all again - just go back and read the posts that you put up and that I and others corrected. Needless to say you just ignored the corrections to your false extrapolations.

3 - Wrong. Liquidity is not an issue - they’ve got millions of cash, what on earth are you talking about?

4 - probably so and that’s just a normal business issue - do you know there has been a pandemic?

The most immediate issue is indeed the first one - if they don’t file the accounts and they don’t get an extension then the shares will be suspended. And that is indeed a bad thing - it is not something I have ever disputed and I have never said that filing the accounts is unimportant. I have said that the information in the accounts has been superseded to a significant extent by subsequent events, notably the placement money now in the business. That is a very different statement but you seem to be unable to grasp that.

What I’ve said, consistently, is that they can apply for an extension - you said they may not get one because (you say) that the delay is not covid related; I say they ought to but neither of us know. And, as I posted several times on here, it’s not unknown for AIM shares to be suspended. I gave a good example of a much worse position of a recent suspension - SAA - after which they came back when the accounts were published. Their shares are considerably higher.

I’m saying is that a suspension may not happen for two reasons (publication before 30th of June or an extension until the 30th of September) and even if it did it is not (as you seem to think) the end of the investment in this company.

Yet round and round we go when all we have to do is wait and see.

[backinblack80] 14/6/2021 22:30

Plat, have you realised that Serabi is a PLC and not a limited company yet?
For the record, I think the BOD have been woeful recently.

[gregpeck7] 14/6/2021 22:26

Said it before and will say it again. Made a decent return here but Mike and co are worse then useless and are still spinning the same lines and not delivering.

They need to be got rid of.

[plat hunter] 14/6/2021 22:13

Stupid, the issues of the business is that they can't file the accounts and if they don't do so before the 30th June, they'll be in breach of the AIM rule 19.Second biggest issue is that they have acknowledged 'further' but as of yet undisclosed irregularities that require the forensic team to be retained.Third biggest issue is the liquidity Fourth biggest issue is that they have had several years of missed guidance or production targets.The BOD have to go... Stale, lazy, overpaid, under performed and untrustworthy

[kennyp52] 14/6/2021 21:18

One thing I accept on these boards is they are full of people who know it all .. therefore if everyone knows it all you cannot win a keyboard argument .. so don’t waste your time arguing the toss … just take the good posts and keep doing your research .

[plat hunter] 14/6/2021 20:16

Interesting reading for 2 mins Https://www.investopedia.com/terms/n/nominatedadvisor.asp

[plat hunter] 14/6/2021 20:11

Do we all know what a NOMAD's regulatory obligations and responsibilities are?

[imastu pidgitaswell] 14/6/2021 15:41

I'm not talking about the business and issues here - although that is what we should be talking about.

I'm talking about your simple inability to get facts right, and your untouchable belief that you have them right despite clear and obvious rebuttals - with facts. You're just deluded.

I agree with what you said in post 3146 - and said the same last week. But you're going to deny that as well.

[golden prospect] 14/6/2021 15:39

KP52, you raise a good question.

I assume the following points were executive orders. Keeping the mine operating rather than temporarily closing. They changed the shift pattern to keep workers at site for a longer period to reduce the IN/OUT flows. They expanded the camp accommodation to reflect the needs of social distancing. They decided to dismiss contractors associated with exploration to protect the workforce directly involved in daily operations. With a reduced workforce development was restricted, there was less optionality of mining faces and so less gold produced, yet they managed to find ways to eliminate the Sprott Debt, find arrangements to make monthly payments to Equinox, (underpinned by Greenstone CLN insurance) and ultimately got the company positioned to be debt free with a strong cash position, and acquired substantial new tenements. Now able to pursue an unrestricted $5m exploration programme.

Well done management for keeping the show up and running and poised for growth.

[cotton4] 14/6/2021 15:33

Looks like there has been a change(s) to the management team on SRB's website. The dude who had day to day responsibilities, can't remember his name, has gone.

[plat hunter] 14/6/2021 15:33

"He has been perfectly logical and constructive elsewhere - it's just on this thread for the past few months that he seems to have completely lost the plot."


Stupid, tell us all what's happened here over the last few month, or is it you only think I'm logical and constructive when my posting appeals to your bias?


There's that confirmation bias again, you're in denial man, getting your feet all wet and it's making you grouchy.

[imastu pidgitaswell] 14/6/2021 15:07

I actually don't believe he is. He has been perfectly logical and constructive elsewhere - it's just on this thread for the past few months that he seems to have completely lost the plot.

Yes I could filter, but that will only result in some fatuous claim of truth denial or similar by him.

There are clearly issues with this company; management appear to be useless and reactive, overpaid and under-delivering. But I'm not able to make any rational exchange of views or disagreement, which should be possible, with someone who says black is white etc.