Serabi Gold Share Discussion Threads

[francisthornhill] 09/2/2022 18:52

I liked this aspect as well. Did they say airborne result this half? I appreciate that unlocking this would take time versus coringa but being able to quantify these 6 targets through that data would give a boost. Do you think that they would be looking to do exploratory drills for targets this year based on the airborne? If anything significant started to show I'm sure that acquisition would then by the only route. Just my view and maybe wrong

[tightfist] 09/2/2022 10:29

Thanks GP, I actually went looking for that February 2020 brr video last week and failed to find it. The OS is a really exciting piece of kit and there seems to be increasing confidence that it can be replicated at the Coringa operation, when it's up and running to reduce tailings (and AISC?). Such a shame that as a consequence of the Covid era it dented the short-term RoI on the OS at Palito..Regarding Sao Chico, hopefully they will find revised illumination, jets, sizing, software etc. settings that can enable the Sao Chico ore to also be sorted which actually appears to be potentially more lucrative. However, I sense that cracking the Sao Chico ore sorting is not straightforward, hence the visit back to the experts! .Cheers tightfist

[nickwild] 09/2/2022 10:07

brilliant video

[ppvn] 09/2/2022 10:03

Agreed Tightfist. I personally have high hopes on the exploration front this year. MH did a fairly breathless interview hoping to find one or more pit deposits and I'd like to think that exploration can be successfully executed.

[golden prospect] 09/2/2022 09:44

Thanks TF. Plus there should be excitement about Sao Chico resource going thru'
the ore sorter assuming new software is now up and running.

[tightfist] 09/2/2022 09:05

Personally, first, I am expecting to see analysed results from the recent airborne survey of the 6 greenfield exploration sites nearby Sao Chico. I hope to see quantified, confirmed drilling targets and an update on commencement of the RAB drilling programme - conceivably linked to MH's speculation that they may have 6 targets of the scale of Tocantinzinho.......... further along trend.Memo: GMIN paid $110m for effectively 80% of Toc........

[golden prospect] 09/2/2022 07:15

Plenty of good news expected for Serabi in 2022, but most significant to put the share price back on an upward path will be the Coringa installation licence.

Counting in a handful of weeks.

[backinblack80] 08/2/2022 23:26

Sherry35, are you invested here?

It's a very simple question.

[sherry35] 08/2/2022 17:06

This concludes my education campaign for the time being. I'm sure the investment firms and lenders have done their due diligence which will include the data analysis of 7 years of adfvn posts using AI tools.

When does the SRB HQ office open? I'm sure investors have outstanding questions not answered at the EGM.

[sherry35] 08/2/2022 16:50

Here are my next three measurables for measuring the market's and BOD's confidence in the executive team.

2) The executive team signs with major lender on good terms or the 3 current invested institutions increase their positions. Doesn't have to be all three.

3) The institutions vote in the executive team, for another year, at the next AGM which is coming soon.

4) This one is a surprise for the believer.

[sherry35] 08/2/2022 16:48

Here is some factual information sourced from the executive approved filings and the Dec 8th 2021 RNS/PR. The below does not include the executive pension.

2016 Salary & Bonuses ($US)
=====================
Michael Hodgson 243,560 — — 135,466
Clive Line 222,612 — — 94,826

2017 Salary & Bonuses ($US)
=====================
Michael Hodgson 221,073 — — 135,466
Clive Line 198,254 — — 94,826

2018 Salary & Bonuses ($US)
=====================
Michael Hodgson 236,874 — — 133,280
Clive Line 229,623 — — 93,296

2019 Salary & Bonuses ($US)
=====================
Michael Hodgson 234,618 — — 93,589
Clive Line 209,869 — — 59,585

2020 Salary & Bonuses ($US, bonus shares converted to $US)
=====================
Michael Hodgson 236,556 — — 118,278
Clive Line 211,602 — — 105,801

2021 Salary & Bonuses ($US)
=====================
- use the 2020 numbers until annual financials are released in April'ish
- from the December 8th 2021 RNS
"A total of 622,900 Conditional Share Awards have been granted by the Board, as recommended by the Remuneration Committee, to directors of the Company as follows:
Director Award Year Percentage of Salary
Number of Conditional
Shares awarded
Michael Hodgson 2020 50% 162,500 2021 50% 193,000
Clive Line 2020 50% 128,600 2021 50% 138,000"

I will say this - maybe the BOD (3 from investment institutions) are wondering about the investments having awarded conditional share awards instead of cash.

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The performance is engraved in the filings, presentations, Webcasts and RNSs.
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[sherry35] 08/2/2022 06:02

Who's asking? Executive team?

[backinblack80] 07/2/2022 23:58

Sherry35, are you invested here?

[sherry35] 07/2/2022 16:46

If one really thinks about Motley Fool promotion, the phrase "ever-present threat of mining difficulties" is a disclaimer to his audience. In other words, buyer beware or do your own due diligence.

trader465 does a better job of promoting this stock.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The performance is engraved in the filings, presentations, Webcasts and RNSs.
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[francisthornhill] 07/2/2022 08:48

I hope so. I would add more but need to wait for next ISA round. I think the fundamentals are good and this year assuming the various activities comes good it should be positive for srb. Certainly at this price it is now undervalued in my view.

[imastu pidgitaswell] 07/2/2022 08:09

Mmmm.

Just to add to the intrigue, I just bought 10,300, and they cost 55.9 - adding back some of the sales in the mid 70s from November. Looks like quite a few others have already done so too, and they're showing up as sells, as the price is so close to the bid.

[sherry35] 07/2/2022 04:13

GP - The Motley Fool UK promotion was a waste of internet bandwidth. Surprised FT's post got 3 votes.

[golden prospect] 06/2/2022 23:15

Thanks FT.

It's a shame the article failed to mention Serabi lost a third of its share price (-25p) in December 2021 due to bogus local news story about Coringa. Any positive licence news due in Q1/early Q2 should restore that loss for advances 50% and more.

[sherry35] 06/2/2022 16:23

Based on the three sentences:

I’d buy Serabi Gold to make the most of a long-term gold rush. Today the penny stock trades on a forward P/E ratio of just 5 times. I think it’s a top buy despite the ever-present threat of mining difficulties that could hit profits.

I'm backing up the truck and buying more. YUGE NOT!!! Reads like a "2 penny" an hour blog juicer. However, the author did get one thing right -> "ever-present threat of mining difficulties". Ever-present meaning the unique mgmt of the company over the past 7 years or more then the author is correct.

[francisthornhill] 06/2/2022 11:29

Serabi mentioned.... https://uk.finance.yahoo.com/news/forget-savings-accounts-2-penny-082720051.html

[plat hunter] 04/2/2022 11:49

Sherry, don't forget the share price

[kennyp52] 03/2/2022 09:22

Our sights are now set on 34k production 2021 and 36k - 39k 2022 .. wow Mike ..really good work that when you were feeding us potentials of 12,000 Oz per quarter . Where’s the cash gone and are you trying to recover it ? Are you going to return your bonuses to cover the incompetent mismanagement of expense claims ? No didn’t think so . Stop trying to convince the market you are up to the job and get it done ! Grrr

[kennyp52] 03/2/2022 09:16

Guess when this RNS Was released TF .. this is your problem … false promises and they were producing 10,000 ounces with all of these improvements to come … worth a read to understand why MH needs to clean up his act …

Mine output remains very steady, with performance very much in line with 2018. The plant continued to perform very well during the quarter, processing over 43,000 tonnes of hard rock ore with mill feed grades of 7.69g/t being 8% higher than the 2018 average.
"Development and production of the Palito orebody remains focussed on the Pipocas, Senna, Zonta and Mogno veins, whilst lateral ore development of the Sao Chico orebody is now being advanced on both the -19mRL and the -33mRL levels.
"We remain focussed on improving efficiencies and growing production especially in light of the exciting potential that the 2018 exploration results have identified, in particular around the Sao Chico deposit. Whilst to expand production we could look to simply add additional milling capacity, the old adage 'tonnes cost, grade pays' is an expression we live by. Therefore, the first step to producing more ounces out of our existing infrastructure is the installation of an ore sorter, which will help screen out waste rock from crushed mill feed ahead of the plant, improving grade and therefore ounces. I am pleased to report that the ore sorter is now in transit to Brazil and will be commissioned in the second half of the year. Whilst we are not forecasting production benefits from the ore sorter in 2019, we are planning for its impact to be significant in 2020.
"I also previously advised that to improve gold production we took delivery towards the end of 2018 of a 'scrubber', an item of equipment that will allow us to feed and process, more easily, the stockpile of historic flotation tailings. This equipment has now been commissioned and after some minor adjustments, we should begin to realise the full benefits in this second quarter.