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SRB Serabi Gold Plc

65.00
0.50 (0.78%)
Last Updated: 08:05:41
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Serabi Gold Plc LSE:SRB London Ordinary Share GB00BG5NDX91 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.78% 65.00 64.00 66.00 65.00 64.50 64.50 30,373 08:05:41
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 58.71M -983k -0.0130 -50.00 49.23M
Serabi Gold Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker SRB. The last closing price for Serabi Gold was 64.50p. Over the last year, Serabi Gold shares have traded in a share price range of 21.25p to 65.00p.

Serabi Gold currently has 75,734,551 shares in issue. The market capitalisation of Serabi Gold is £49.23 million. Serabi Gold has a price to earnings ratio (PE ratio) of -50.00.

Serabi Gold Share Discussion Threads

Showing 6426 to 6448 of 22150 messages
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DateSubjectAuthorDiscuss
21/12/2015
15:45
Or ... a placing on the way?
bsg
21/12/2015
15:19
It doesn't make sense. Serabi seems well managed and consistently meets or exceeds expectations. General bad sentiment in the sector?
boffster
21/12/2015
14:46
ffs.. more drip.. more than 50% down now. just another goldie thats down.
rajaster
18/12/2015
15:28
Placing leaked ?
sleveen
13/11/2015
16:46
kiwi,golds more likely to $900 than the other way as things look
rajaster
13/11/2015
12:40
with SRB being so adept at paying off the loan, i'm sure SPROTT would listen to an extension on slightly higher terms for re-payment. everyone gets a good deal then.
ideally Gold $2000 then everyones laughing....patience!

kiwimonk
13/11/2015
12:17
Today's Hodgson interview, SC features after 3 mins:
tightfist
13/11/2015
08:24
Loganair

The debt is being repaid at $1m per qtr, the $13.6m is required to be repaid in the next 12 months (hence the loan's listed within current liabilities)

Investment in SC development will absorb much of the cash generated. There would need to be a huge rise in production to generate enough cash to repay $13.6m within the next 12 mnths.

Hence my loan restructure or placing comment.

GLA.

sleveen
13/11/2015
08:14
It's all too easy to replace debt with equity
so one fears a heavily discounted placing in
the coming months. High grade operations may
be a surviving factor in this depressed sector.

Reminder

13 NOV 2015

giant steps
13/11/2015
08:10
sleveen - "In addition to funding the upgrade programme, operational cash flow is being used to pay down the short term debt facility with Sprott. With the timing of the debt retirement and the increase in production capacity expected early in the second quarter of 2016, I anticipate that the Group will be generating a strong cash-flow for pursuing its organic growth opportunities thereafter.
loganair
13/11/2015
08:04
Decent operational result.

My one worry is the current liability of $13.6m. How is that loan going to be repaid?

Either a loan restructuring (probably the preferred option) or a placing in my view

sleveen
03/11/2015
08:39
unfortunately for us, there doesn't appear to be that much strength in the share price right now., still waiting for the financial figures.
rajaster
02/11/2015
11:54
The sooner he gets it installed the better the picture becomes as with most companies not all his plans are visible to us .A lot of increased interest in the stock augers well for the patient
kinloch
02/11/2015
08:54
Hi Kinloch,

For sure Hodgson comes over as very credible and hands-on. I bet he isn't paying much for our third ball mill, presumably uplifted from a cash-strapped venture.

Cheers, tightfist

tightfist
30/10/2015
13:48
hodgson knows what hes doing having been through many problems during his time with Serabi his focus is about building up Serabi which i have no doubt he will given a chance.
Can somebody with the ability add the gold price chart to the site as i believe the site will become busier as time goes on.

kinloch
30/10/2015
12:47
Rajaster,

My thoughts entirely. The endless sea of loose holders (arising from the Sao Chico paper-deal) has driven the share price into the ground.

A deal for cash alongside an associated placing involving new long-term investors would surely be better. Hopefully Hodgson will ensure we get some wind in our share price sails before any M&A activity; he did sound a bit (too?) keen in the video. In any case, I wonder how much industry interest there is in acquiring busted Brasilian gold miners right now?

Cheers, tightfist

tightfist
30/10/2015
11:23
tightfist.. the all paper deal for sao chico caused a massive knock down in share price due to the overhang of sellers for months.. i really hope M&A activity isn't going to cause a knock on affect again as at these prices we really don't need it, if on the other hand they invested in a producing mine that has processing facilities it may not be a bad move for extra cash generation, again its just that initial hit on us all.
rajaster
30/10/2015
08:46
bsg

that thought had occurred to me to.

If internal cash generation isn't enough then a placing might be the approach chosen.

sleveen
30/10/2015
08:44
Debt a pretty bad idea at the moment. Paper is the only way IMO.
bsg
29/10/2015
17:27
Yes, sleveen, an excellent question. When we see the Q3 numbers we will have a view. When I last looked I thought it was exceedingly tight to pay-off Sprott with internal cash generation, but the recent emphasis on cash economies makes me think that remains the aim. Alternatively, some austerity may be required to get a placing away and/or keep Fratelli happy.

Would it be such a bad thing to have Sprott as an ongoing significant investor?; for me it lends credence to Serabi as an investible proposition. But there is no mention of the loan being convertible in the 29/09/2014 announcement.

If Hodgson is serious about the M&A activity we are going to need some more firepower? I don't fancy all-paper deals anywhere near this share price ....


Cheers, tightfist

tightfist
29/10/2015
13:23
On the other hand, I am very heartened to have confirmed in the 21st Oct video (3:10 mins)that debt will be retired in early 2016, almost as a throw-away comment

I think the question is by what means, hopefully internal cash generation.

sleveen
29/10/2015
11:35
Hi sleveen,

I am a little surprised by the fall as well; maybe it is just impatience?

The complexity/poor visibility of the Sao Chico veins is a dampener, and the resulting deferral of the Sao Chico resource statement is disappointing.

On the other hand, I am very heartened to have confirmed in the 21st Oct video (3:10 mins)that debt will be retired in early 2016, almost as a throw-away comment. Obviously cash management is currently focussing Hodgson's mind and actions, which is reasurring. And Sao Chico predominantly "development drives" ore at 7.4g/t isn't shabby.

Other aspects are that once the 3rd Ball mill has cleared the stockpiles, it can be deployed on more productive/high-grade duties. In the video (3:30 plus) with emphasis on good cash flow, there is drilling-out of discoveries, and "pedal to the metal" on M&A.

In summary, Hodgson seems to value personal/company credibility. It would be inconsistent if his progressive posture was going to undermined by weak figures from Clive Line during November.

tightfist
29/10/2015
11:01
Are the financials going to tell a different story.

I am surprised at today's fall.

sleveen
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