Letters by company
Serabi Gold PLC
6 letters discussing SRBIF. Everything written about it on this site is on its ticker page.
- Pendelhaven Asset Management B.V. Investor’s Letter September 2026 ARAR Fund drastically reduced Jackson Financial after QVT’s short report raised concerns about Brooke Re, model-based assets and liquidity mismatches. The fund argues that SK Hynix and discounted SK-group holding-company securities offer exposure to high-bandwidth-memory demand, while AI capital spending can persist through creative financing even if software economics weaken. September 2026 JXN $9.2BSKHY $1T402340 $77B
- Pendelhaven Asset Management B.V. Investor’s Letter ARAR Fund retained and expanded SK Hynix, arguing that its booked HBM capacity and technology lead make its earnings more durable than lower-tier memory suppliers. The portfolio also expanded Chinese education and lending positions while monitoring APR-cap risks, Senegal licensing delays for Thor Explorations, and freight-rate support for Imperial Petroleum. Q2 2026 SKHY $1TFINV $642MQFIN $626M
- Fairlight Capital Fairlight Alpha Fund LP Q4 2025 Letter Fairlight Alpha Fund argues that junior gold miners Serabi Gold and Monument Mining remain undervalued despite higher production and gold prices. It also makes cases for Logic Instrument's certified-device niche, Shelly Group's professional IoT channel, and BranchOut Food's patented drying technology, while warning of a non-AI economic slowdown. Q4 2025 ALLOG $21MBOF $31MMMTMF $188M
- Fairlight Capital Fairlight Alpha Fund LP Q2 2025 Letter Fairlight Alpha Fund sold TSS after its AI-data-center-driven rerating made the earnings valuation less compelling, while continuing to screen AI infrastructure and offshore businesses for cheap growth. The fund argues that Logic Instrument’s niche rugged-device certifications, customer relationships and European defense exposure create layered barriers to entry, and sees Serabi Gold as undervalued against higher gold prices and production growth. Q2 2025 ALLOG $21MAAPL $5.2TSRBIF $169M
- Fairlight Capital Fairlight Alpha Fund LP Q1 2025 Letter Fairlight Alpha Fund attributes its first-quarter outperformance to Monument Mining and Serabi Gold, arguing that higher gold prices, improved grades and rising cash flow create a margin of safety. It is re-screening for tariff-resilient regional businesses while monitoring Valeura Energy’s Thai assets, tax losses, buyback and debt-free balance sheet. Q1 2025 ALLOG $21MMMTMF $188MSLYG $1.2B
- Fairlight Capital Fairlight Alpha Fund LP Q3 2025 Letter Fairlight Alpha Fund argues that junior gold miners remain cheaply valued despite higher gold prices, citing Monument Mining’s operational improvement and potential rerating at Serabi Gold. It presents Beng Kuang Marine as a cash-generative turnaround, adds a small put-based short, and favors AI infrastructure businesses with valuation discipline and downside protection. Q3 2025 —
