Serabi Gold Share Discussion Threads

[ppvn] 03/11/2021 10:21

Hi tightfist,

Thanks for that, certainly looks achievable and does seem like a good position we are coming to.

Of course, the 6 targets they have to identify a pit (in addition to the resource upgrades that are still in progress at Palito and Sao Chico?) could - and indeed hopefully should - put the cat amongst the pigeons with a bit of luck. Not sure when the first targets are being drilled on the pit front but I'm certainly hopeful for that.

[tightfist] 02/11/2021 18:43

Following Cotton's post #4289, here are the latest Stockopedia SRB forecasts upgraded since 15th September: (£/$ = 1.36). 2021fy. 2022fy.Revenue ($m): 65.9. 80.3eg Possible calc: 36.6k@$1,800. 44.6k@$1,800Revenue (£m). 48.5. 59.0eps ($): 17.1. 25.6eps (p): 12.6. 18.8Prosp. PE ratio @ 73p: 5.84. 3.90PEG: 0.12. 0.34.Now they have to deliver! On that basis IMHO we should see at least 150p, in 18 months time, delivering a minimum PE of 8. Plus anticipated value of Coringa production and any other further expansion plans. As ever, DYOR! tightfist

[ppvn] 02/11/2021 11:16

Just looking at this share it is beginning to feel like this is the start of something good here. Starting to build a bit of momentum at least for the moment and generally things looking up imo.

[borisjohnsonshair] 02/11/2021 08:11

Hows this relate to SRB

[cotton4] 02/11/2021 08:08

£1.75 represents a PE of 12 on current operations excluding Coringha and any exploration finds. So imo a bit conservative but of course they still have to deliver

[trader465] 02/11/2021 07:41

I like this bit from the RNS…..


“Mr Tavares will report directly to Mike Hodgson CEO of Serabi and have responsibility for the ongoing operations because Mike Hodgson is too lazy to go to Brazil himself”

[imastu pidgitaswell] 02/11/2021 07:37

Oooh, just possibly...

Probably the right guy to blame if they weren't going to accept any responsibility themselves, but even so this 'nothing to do with me guv' attitude of 'The Board', as if they didn't have fiduciary responsibilities for thefts that went on for over FIVE YEARS is farcical. They know that little people like us don't matter, but it's a disgrace.

"The Board has elected to discontinue the position of COO at this time..."

Yeah, I'll bet.

[ppvn] 02/11/2021 07:33

Thanks for sharing that paleje. Quite possible that caused a bit of the action yesterday (despite it being a rather wooly article invho!).

Interesting RNS this morning. Wonder if this is linked to the you-know-what...

[paleje] 02/11/2021 06:49

ii had an article on them yesterday might have stirred some interest, especially the Peel Hunt potential 175p.

www.ii.co.uk/analysis-commentary/insider-rare-director-buying-these-two-aim-stocks-ii521841?

[backinblack80] 01/11/2021 22:27

tightfist, imho what we need is new management....

[ppvn] 01/11/2021 16:22

Haha! Bet you're a right laugh at parties ;-)

I haven't actually tried buying or selling any of mine for a while but seeing this recent move upward on seemingly no (reported) trades does make me wonder if the market makers here are asleep at the wheel again. Anyway at least some volume pickup - it used to wind me up no end when I was trying to buy and just couldn't get a quote- does make you wonder sometimes!

[tightfist] 01/11/2021 14:24

Yes, the trading guesswork can be part of the fun - occasionally! Whichever way you look at it, SRB does seem to be firming-up.

[ppvn] 01/11/2021 14:05

Mystery solved!

Have never been too big a fan of the share price movements here. Definitely a lot of guesswork needs to go into it.

[xamf] 01/11/2021 14:02

Managed to sell a tranche today at 73p with a bid/offer spread of 72 / 73 ? Bid then popped back to 70.

[ppvn] 01/11/2021 13:55

Hiya tightfist,

I'd say the 73p trades were buys and if I was a betting man I'd guess there is something to be published later.

I can't see what market makers are providing the bid/ask but could be that one was just fishing briefly at 72p. But either way volumes and direction seem to be firming up here which can only really be a good thing.

[cotton4] 01/11/2021 13:55

Looks like a delayed sell

[tightfist] 01/11/2021 13:52

Do you reckon those 73p transactions are Sells or Buys - or maybe there is substantial Sell to be announced as a delayed trade later?

[ppvn] 01/11/2021 12:03

Looking more promising here for a retest of 75p. Not before time either - remember when it dropped through how irritated I was!

[tightfist] 31/10/2021 17:21

Hi BiB; Likewise, I have more than enough SRB shares. We surely need some new ears (and fresh money) to arrive; that will take some time and hopefully they have a PR plan for the months ahead, to capitalise on new-news items. IMO Director Buys are just part of laying the groundwork..Cheers, tightfist

[cotton4] 29/10/2021 06:32

BinB80
It may not be based on unpublished price sensitive information. There have been several upbeat RNS's over the year clouded by the accounts fiasco. Visible gold, upgrade in power infrastructure, royalties have all been mentioned. Now might be a good time to buy.

[backinblack80] 29/10/2021 01:58

Cotton, Director dealings based on possession of unpublished price sensitive information is illegal......
CL needs to go imho...the fact that he is still in position is a major concern for me ...not only because I don't think he's up to the task... but it also calls into question MH's judgement....aimho

[tightfist] 28/10/2021 21:17

Hi Cotton,.Do we have to be careful not to over-think the directors' share purchases? Shareholders need to see evidence that SRB/investors are following a remedial journey and two meaningful purchases by the two executive directors is a quick way of initiating action?.Just a thought. Cheers, tightfist