Serabi Gold Share Discussion Threads

[borisjohnsonshair] 28/6/2021 10:39

I'm afraid you are very mistaken - I can sell all of mine for 64.5p.

[plat hunter] 28/6/2021 10:36

No one can sell

[borisjohnsonshair] 28/6/2021 10:20

Yeah - no one wants to sell.

[plat hunter] 28/6/2021 09:49

Almost 2 hours down and no trades. When will the BOD get the hint I wonder?

[borisjohnsonshair] 28/6/2021 08:31

Better update so you are much closer now!

[plat hunter] 27/6/2021 20:17

FCF also includes changes to the working capital too. So when there's a placing for multiples of NET cash then yes FCF is going to appear as a stand out metric but with a big caveat to consider

[kennyp52] 27/6/2021 15:17

Boris ..

Unlike earnings or net income, free cash flow is a measure of profitability that excludes the non-cash expenses of the income statement.

AISC includes the writing off of mine assets already expended . What are you on about ?

[trader536] 26/6/2021 21:57

The most important thing share holders should be doing is making sure that idiot gets his teeth fixed before he makes another YouTube video. SRB promotion videos look more like horror movies with that muppet on the screen.

[borisjohnsonshair] 26/6/2021 16:45

Errrr it's almost the opposite- FCF is price less AISC!!!! 85k is after Palito is at 45k, which is 40k plus ore sorter plus Coringa 38k.

[ironstorm] 26/6/2021 14:31

Tiger a very good summary and I concur with everything. I do wonder whether we will in fact be taken out. Either by insiders who have brought the share price to its current position - possibly conveniently. Or by a major picking us up on the cheap.

My fear is most of the ultimate upside will be taken by others.

But I hope (which is a poor strategy) with cash in hand, encouraging explo results and a decent mining performance we can turn around.

[tiger60] 26/6/2021 11:34

Hi TF, that’s where I hope they are going and the only reason not to are the commercial terms but it would be great to hear official news on this. Maybe you are right and a tad early, but there was an approach last year that was turned down although the details are sketchy.

The issue is MH has got what he wants in terms of cash and the expo programme he dreamed of (at the cost of diluting holders). However, even though the expo results are good they have not added any value in terms of the share price We know goldies across the board have fallen over the last month but the majority started at a better place so the fall is less costly to holders.

We fell from 92 to 75 over the weeks before a placement at 75p was completed. Amazing coincidence! Now 75 to 64.

Now we can argue look at the cash, look at the potential, look at the assets and yes that is great and why I continue to hold. I can only wonder if others do not have faith in the Coringa license being issued this year, or elections next year likely to throw out a pro business president and well deserved it would be based on his policies (did anyone see the bbc article midweek on armed gangs muscling in on artisan gold sites in the Amazon shooting up villagers with little government response?). There is a hefty dose of scepticism on the delivery front. And if 6 months of expo results have achieved zero impact on the share price what will 6 more months do? Again the counter argument is more upside for the brave, but holders who are not diverting any more funds to a falling stock only hope to get back in the blue.

I am disappointed that we are only set to meet production guidance as I thought it was rather conservative but with no word on the reintroduction of the ore sorter maybe best we can hope is for 36,000. Also we need that fourth drill let alone the phantom fifth one, that is now never mentioned, in order to meet development targets (down from 32 to 30)

In addition, there is is disappointment that we were advised SRB were confident a few weeks ago that the accounts would be issued by the end of June only later to be advised we hope to have them by mid August. Quite a change.

I can only hope talks of a partnership to exploit new targets are not too far away as we need to have the humility to learn from the majors and reign in MH’s ego that we can go it alone. But I am struggling to see what will instigate a bounce here in the short term if not the gold price. One look at the chart above shows the silent majority are not convinced. If it were down to me I would hire the best COO and bite the cost, along with a new CFO. We need credibility and fast. In the absence of such action, which I really don’t expect, let’s hope we are at levels where by there is a switch of outlook from seeing a stock still compromised by recent issues to one that should be viewed on the basis of its positive cash flow, low market cap, strong balance sheet and exciting future. That story is for the directors and broker to convey in a manner that should directly correlate to the share price moving in the right direction. So far the story seems to be placed in the fiction section rather than non fiction section so to speak. Let’s get that switched around.

[tightfist] 26/6/2021 07:51

Hi tiger,.On the face of it, pace is not their strongpoint - after all, the conditional acquisition of Coringa was announced in November 2017..... But other Goldies I am familiar with also seem to take ages so I am wondering what are realistic expectations?.From memory they indicated a while ago that they were looking to a partner to potentially add expansion human resources, but later that they had decided to go-it-alone for the initial Sao Domingos exploration. IMO I anticipate they will partner (with AA?) in due course once they have strengthened their hand with drilling results. That would enable progress in parallel with the Coringa project - or am I being a hopeless optimist? This has some similarity to the HUM 3-site management approach?.Cheers, tightfist

[plat hunter] 25/6/2021 17:17

Nice little pay day for them Tiger, they deserve it after all lol

[borisjohnsonshair] 25/6/2021 17:00

Massive rise coming

[trader536] 25/6/2021 16:16

The lazy muppets need to resign before the price can recover

[trader536] 25/6/2021 16:15

Look like 60p coming up, what you reckon Boris?

[tiger60] 25/6/2021 10:52

The big question is how are they going to exploit the huge potential of the tenements? There is too much to do on their own and their delivery track record is not the greatest.

It makes sense to bring in a partner. That must be the next step to speed things up as what’s holding the share price down is the time element to monetise the assets. Coringa will not contribute until earliest 2023.

Shareholder value seems to be shrinking! How long do they need

64.3 to buy! Over the last month virtually every day has seen the buying price below the quoted price. No RNS but the selling is persistent and a false close to give the appearance of a better share price To be honest if they can’t see new blood or a partnership is needed then it’s a worry but it is obvious the market does not trust the current management to deliver. JV! Patience is wearing thin and for many passed the point of holding on judged by the sales. How do they reconcile a foundation principle to create shareholder value with an share price close to 64p? Are they going to say the prospects look even more attractive for shareholders next time around if it falls further?

RNS - all resolutions passed - absolutely no surprise there but take a look at resolutions 4/5/6

[typo56] 25/6/2021 09:50

Thank you.

[imastu pidgitaswell] 25/6/2021 09:49

FFS...

Read the RNS last week.



And read the lovely debate had here about it.

[chipperfrd] 25/6/2021 09:49

Look at the rns on the 18th

[typo56] 25/6/2021 09:47

What are the current AIM rules then? I thought six months from year end?

[imastu pidgitaswell] 25/6/2021 09:46

Very good. Friday wind-up...