Serabi Gold Share Discussion Threads

[bsg] 13/3/2024 09:05

He's only a ramper while he's holding.

[kennyp52] 13/3/2024 09:05

By the way ignoramus .. the preceding poster was Loganair .. why I asked .. thought it would be me but best to ask 🙄

[kennyp52] 13/3/2024 09:02

The fool is the investor that ignores facts .. the 100,000 Oz was in an RNS .. what are you trying to say ? The ore-sorter was installed years ago .. where is the promised transformational increase in production ? I’m beginning to think you are a paid ramper Boris the way you blindly support this board for failure .

[borisjohnsonshair] 13/3/2024 08:38

You whinge whinge whinge but don't know what's happened, what's happening, what will happen or how it'll happen. Explains why you are a hapless investor.

[borisjohnsonshair] 13/3/2024 08:33

When someone responds to someone, their name precedes them. YOU

[kennyp52] 13/3/2024 08:25

Who you talking to Boris ?

[borisjohnsonshair] 13/3/2024 07:10

Be specific clown. What don't you like about the latest Crux update.

[loganair] 12/3/2024 20:14

It seems to me reasonable to say a goal of 40,000oz is achievable by Serabi in the next 12 to 24 months.

[tightfist] 12/3/2024 18:29

Recall: Now they have a nearby national paved highway, and hydroelectric power soon.

[tightfist] 12/3/2024 18:28

Maybe….. I just wonder if someone else is going to come is as a regional consolidater in the Tapajós, acquiring SRB, together with other local properties that seem to have slid into private hands, and use an expanded Palito operation as a processing hub in order to create a critical mass exceeding 100kOz.
.
There is still a lot of gold to be found around there! Maybe it’s just wishful thinking, tightfist

[loganair] 12/3/2024 16:30

PPVN - I agree, Serabi too small as take over targets tend to be 100koz plus producers.

[ppvn] 12/3/2024 16:23

It's our blessing but also curse tightfist.

Fratelli are miles underwater - they initially funded the development in 2009(?) or whenever it was. Greenstone agree will definitely look for a return.

Fundamentally the shareprice is a product of who is buying and selling. Fratelli and Greenstone haven't been selling so they attribute a higher value presumably. But then they hold much of the shares so then the float is reduced so less trading and less price discovery etc - but equally on the up days thin liquidity also equals big moves. But we shall see.

For the record I doubt any bid will be forthcoming anytime soon. As MH said - at this size they are pretty irrelevant.

[tightfist] 12/3/2024 15:38

PPVN, IIRC both F and G are well underwater - the last placing was three years ago at 75p and they will looking for a return on top. IMO There is a good upside to strong holders who have time on their side.

[borisjohnsonshair] 12/3/2024 15:21

Try not to answer Traderclown. He's doesn't understand percentages, holdings, numbers or laces

[ppvn] 12/3/2024 15:19

Serabi can't be as they are 25% owned by Fratelli and 25% by Greenstone. So any possible bid would be brokered by them anyway.

[trader465] 12/3/2024 14:56

Boris 600p is your dream, SRB will be sold/delisted/stolen well before 600p petal

[borisjohnsonshair] 12/3/2024 14:55

If they were going to be taken out cheap they'd have been taken out at 20p. Nothing has changed yet.

[loganair] 12/3/2024 14:53

What worries me the most, like others on this thread is that now Serabi are up and running at last they maybe taken over on the cheap with any new owners making the real money.

[ppvn] 12/3/2024 14:48

This talk of dividends is nice but think there may be a few hurdles to cross first!

The move into OTCQX is curious - fine the TSX listing was a legacy but why the focus on an IR function now? And into the US as opposed to Canada which by all accounts is where Mike claims to be more interested in M&A?

Greenstone have some interesting previous investments and obviously have considerable expertise in the space but it does all seem rather odd at this juncture to me. But then I guess it will until anything could and might happen I suppose. By paying a dividend serabi would allow more funds to invest (if they chose to!) - some are limited to dividend paying stocks. Also noted a lot of ESG focus on their new website.

Share price still rotten here but getting a little more palatable I suppose! Maybe some life in the old dog yet.

[tightfist] 12/3/2024 14:41

At some point down the road (3 years away?) there is the desire to fund the FULL processing circuit at Coringa, and continue to expand capacity. . Agreed that a small dividend would put down a marker.

[loganair] 12/3/2024 13:12

$2,300 + 40,000oz Serabi would have enough for both exploration and paying a small dividend to its share holders.

[borisjohnsonshair] 12/3/2024 12:42

I'd not agree with that. They'd be better off using all the money to self fund exploration due to the huge potential. If they started paying dividends, the price would rise but they'd become short of cash. Then they'd raise exploration cash with a dilution. You are better off waiting for production and discoveries to rise and 600p, than bank accounts few quid and be diluted.