Member Info for bobo

of course, yep. looks like they are funded (including fine) untill the middle of this year. a burn of $1m per quarter would give them around 9 months from sept. An over reaction this morning, missed a chance to get in sub 30p

nah....fortunately still dithering. still may be worth a few quid for the drilling campain and the TSX listing. A major gold miner has taken 20+%, there is more going on here that meets the eye. I dont see any large scale dumping of stock going on.

The cash burn rate is high, looks like the spent just over $1m excluding extra admin in the 3rd quarter. Current cash position $5.2m... liabilites $5.4 including a $1.4m provision for remedial work. These creditors will be coming looking for their cash, plus theres the worry about the fine. Basically expect another placing in the coming months....of a JV with Eldorado...or a takeover

That's a nasty one! I guess all you can say is the trend for the last two years is upwards I rekon you can put the low valuation of the gold resource is down to the fact that the company has basically declared it uneconomic to mine on it's own. On the positive side further discoveries should cause a re-rating of the current resource as it becomes economic again.

Yep your right I'm talking out of my backside. Just checked back, don't know where I got that from...bad maths day 57p may 2006 according to yahoo http://finance.yahoo.com/q/hp?s=SRB.L&a=04&b=10&c=2005&d=00&e=19&f=2011&g=m

Only post here myself, no time to post on other sites. Just wondered if there were any of the poor sods who paid over £1 (£10 now) for these still around.

Cheers, have you been here long?

I guess you didnt buy them with your ldp profits

so this is where you hide these days

and we are up again 26.0/26.25. Like i said a well timed news release will send this bonkers, a few more days without news and it cant be sustained. reminds me a bit of BEM (1st spike)...hit 36p with no news, the news was delayed and the sp slipped back and didnt manage to get past the pre news SP when released. Obviously has passed it since.

read through this last night http://www.serabimining.com/documents/449.pdf broker 'research' so bound to be biased but the valuation vs their peers is interetsing, very low. I think there are a lot of investors who wouldnt touch this with a bargepole...but purely down to the history....people have lost a lot of money here, hence the relatively low market cap. This share has traded down from over £1 to a few pence. The listing in canada should get the volume up and the involvment of eldorado give me confidence that someone who knows what they are doing is involved. all in all a buy i rekon, good drilling results in feb could see this really move, especially with the TSX listing

and again .....25.5/26.0 cant believe this board isnt going mental

I assume both company will be dual listed after the de-merger?

ive taken this opportunuity to sell some. Im going to move them to my ISA hopefully at a lower price.

im buying but im deliberating whether to wait for the dual listing and stick them in my isa. With news due feb i may get caught out waiting

no retrace to speak of yet after our stellar rise. Good news on top of this could see 30p

yep saw that. I was doing a bit of reading up here last night. It interests me, but confuses me at the same time. Eldorado taking a big stake has to be a big positive, the risk is not finding the grade of resource to make the mine commercial. This would be disasterous for the short term sp....long term given the acreage and location there will be good deposits found, thats what eldorado are banking on.

certainly popuplar today....thats 25p on the bid

i thought you would be more of a tennants man than a Spar own brand

See Benst post from Monday, providing the assay results come in as expected there is still plenty to come here. Today's news is good too