Serabi Gold Share Discussion Threads

[tightfist] 02/9/2021 11:59

Hi tiger; agreed, share price Momentum is rock bottom at present. I was wondering about scope for eps forecast raises:.Looking back through Stockopedia data, the 2021 forecast was cut from 24c to 16c at some time between 29/4 and 5/6/21, giving a PPE today of 6.34. This corresponds to forecast Net Profit of $11.7m derived from revenue of $66.2m (which would equate to eg 36.8kOz at $1,800 PoG)..Looking back through this thread the most relevant posts seem to be #3240, #3246 (Cotton) and #3260 (Chipperford). #3240 PBT is up 7% from current 2021 Net Profit forecast. Post #3260 is looks to to FY 2024 with eps up to 50.8c/36.8p..Would the imminent results publication warrant an uplift in forecast - and/or a market re-rating of the PPE?.We shall soon see! tightfist

[trader465] 02/9/2021 10:26

Morning Boris my good friend - didn’t Goofy and Pluto say they were going to Brazil in June/July? Then they said the were going to Brazil in August. It’s now September and they’re still sat in the pub on full pay 😆🤣😂

[tiger60] 02/9/2021 10:09

Absolutely no momentum here. Let’s hope the upcoming update changes the narrative. The issue of the accounts alone will not drive us up. A JV or a positive production guidance note would not go amiss. And surely production must beat the 33,000-36,000 guidance? With 17,350 already announced for H1 we must now be back to 10,000 a quarter. Giving us 37,350 for the full year. Anything else would be disappointing.

They need to step up and no more excuses. It is time for a step change.

[borisjohnsonshair] 02/9/2021 10:04

They don't need to. Actions speak louder than words. Great situation. I'm buying more each month til 500p

[kennyp52] 02/9/2021 09:22

Back to 90p quickly on any good news . Think the BOD can be bothered to update the market with what is going on Boris ?

[borisjohnsonshair] 02/9/2021 08:38

Market hungry for stock at 64.25. MMs mark it down to see if there's anymore weak holders. Don't be fooled. The institute of massive gains has a 300p short term target.

[borisjohnsonshair] 01/9/2021 13:56

Institute of Investments now promoting - "must have"

[borisjohnsonshair] 01/9/2021 13:52

It's all in my report. Rocketing. Big big buyers out there but no stock. They'll have to tempt at 200p.

[plat hunter] 01/9/2021 13:37

Who you trying to tell Boris, surely not people with level 2

[borisjohnsonshair] 01/9/2021 11:17

Buying frenzy. No sellers.

[tightfist] 01/9/2021 08:42

Meanwhile..... if you want to see how mad the market can be, take a comparative look at Scotgold SGZ. Similar EV as SRB (~£44m), but there the similarity ends. Maybe we need to borrow some of their PR!

[plat hunter] 31/8/2021 16:51

Back to terrible volumes after the update what a change of scenery it is. Almost as if people are desperate to unload to any new buyers on news.What a compelling case, £5 next year though lol

[oapknob1] 27/8/2021 21:59

235000 @ 64p 17:06.

[borisjohnsonshair] 27/8/2021 20:47

That excludes accountancy from your vocation, dummy.

[golden prospect] 27/8/2021 19:12

Thanks TF for those additional points.

Serious money is pleased to see :

"Deloitte Brazil have now completed a further review of all other electronic and physical records including electronic communications and have not identified any further instances of irregular cash withdrawals or other material transactions of an unusual nature."

[plat hunter] 27/8/2021 17:48

They're not dummies, accountants are on the clock, they know exactly how long it takes to reconcile an x amount of transactions.

[kennyp52] 27/8/2021 15:27

POG steady above $1800 going into weekend . Good if it holds . Something keeps slapping it back for it to keep on rising .. breakout possible before long imho.

[tightfist] 27/8/2021 14:38

Hi GP, please add to your list: Timeline for Resources and projected LoM update Timeline for processing capacity increase (at Palito/Sao Chico) Ore Sorter: More clarity on utilisation, particularly processing São Chico ore (which was thought to be optically more challenging)

[oapknob1] 27/8/2021 14:34

Thought you were a nice person Boris. Why the hostility?

[imastu pidgitaswell] 27/8/2021 13:47

100% on all of that Kenny...

'We' have indeed paid Deloitte - not known for their low fee rates; the only defence is that it might have been to ensure there is no legal or personal tax issue for the directors from having the cash pinched. Basically spending our money to protect themselves, as if CL had undertaken any work, any legislator would have just possibly doubted his independence...

Just get the bloody things published.

[golden prospect] 27/8/2021 13:39

In the pipeline:

Y/E 2020
Interims 2021
Clues that Q3 is likely to better Q2
Full year guidance to be met and aspirations to surpass
Update on Coringa earthworks
Drilling updates