Share Name Share Symbol Market Type Share ISIN Share Description
Serabi Gold LSE:SRB London Ordinary Share GB00B4T0YL77 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 5.25p 5.00p 5.50p 5.25p 5.25p 5.25p 16,837 07:59:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 23.8 0.3 -0.0 - 34.46

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DateSubject
25/9/2016
09:20
Serabi Daily Update: Serabi Gold is listed in the Mining sector of the London Stock Exchange with ticker SRB. The last closing price for Serabi was 5.25p.
Serabi Gold has a 4 week average price of 5.43p and a 12 week average price of 5.86p.
The 1 year high share price is 6.88p while the 1 year low share price is currently 2.25p.
There are currently 656,389,204 shares in issue and the average daily traded volume is 192,307 shares. The market capitalisation of Serabi Gold is £34,460,433.21.
18/8/2016
15:29
cotton4: I have been thinking about the latest RNS, the content and the timing. Fratelli have forfeited a 12% return on the loan conversion, a return guaranteed given that SRB are cash positive. In the process they have diluted the share price, not only for us but more significantly for themselves. Why, IMO, opinion would they do this unless they felt it would be worth their while. The other thing I have been thinking about is the following statement from the AGM statement. " I am keen to grow the Company, as I believe that we will benefit from greater critical mass and runway to attract wider investor support and a concurrent re-rating of the Company's shares in due course. " As long as I have held SRB, Mike has been on the whole conservative regarding his comments on the company's development and such a statement is slightly out of character and somewhat bullish imo. Which brings me to a sentence from the latest financial statement. "During the second quarter, underground exploration drilling has commenced at Sao Chico. A programme of approximately 6,000 metres is planned to test the down dip continuity of the central ore zone. The first hole, completed within the last seven days, reported an intersection of 46.2 g/t of gold over a drilled width of 2.32 metre, approximately 240 metres from surface and 100 metres down-dip from the current lowest developed level." We've had grades before in excess of 100g/t, so I didn't read anything into this but I just can't help but feel that the two are inter-linked. Perhaps I am adding 2 and 2 together to make 5, but it would be interesting if anyone else have been thinking along these lines.
11/7/2016
20:44
cotton4: More than a reasonable assumption. First qtr was just shy of 10,000 ounces. They have found a solution to the Sao Chico issues and I expect better results from Sao Chico. The 3rd ball mill should now be in operation, which should help the 2nd part of the year and they have been tackling costs but these may be restrained by currency movements. I would be disappointed if they didn't make 40,000 ounces this year. The price of gold is on an uptrend, I believe, due to negative interest rates in various countries. The chase for yield seems to be the order of the day and buying of stocks and bonds will only drive yields even lower. Its got to end sometime which may explain the defensive nature of these current markets. QE seems to be coming into fashion again which can only bolster the pog. As for SRB, not a lot of shares available, given the holdings of major investors (66%) any significant buying will have a material affect on the share price.
31/3/2016
10:34
laptop15: Yesterday good news has nearly neen washed away in the share price?? Thought we might get a good run for a few day....any think they are worth adding to at this current price? I got them originally at 3.5p. Can add at 4.25p today. Was thinking of selling off my shares in aureus mining and upping my stake here as it sounds much more stable and the positive news yesterday has me thinking......Any thoughts guys??
03/3/2015
12:48
kinloch: Looks like a byer about dealing in fair size trades been going on for a while looks like share price being held back for these trades.
14/2/2015
09:01
rajaster: Not sure of you mean the writings on the wall because the share price isnt performing or are you saying that because you think the share price is going to do well?
28/1/2015
18:23
jeffcranbounre: Serabi Mining is featured in today's ADVFN podcast. To listen click here> http://bit.ly/ADVFN0117 In today's podcast: - Simon Wajcenberg from K1T Capital markets says, according to his quant models, the markets are going to crash. Simon on Twitter is @k1tCapital - The micro and macro news - Plus the broker forecasts   Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below. Ten Bagger Tuesday (All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below: Suggest a stock (Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast). You can subscribe to this podcast in iTunes by clicking HERE To follow me on Twitter click HERE As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions: Bronze - £50 (normally £73.82/year) Silver - £145 (normally £173.71/year) Level 2 - £350 (normally £472.94/year) Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just CLICK HERE for more information. Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing. Justin    
18/12/2014
12:22
curlly: Can somebody explain why the share price is so low. Been here some time and puzzled as to why it has come down so low
15/5/2014
14:41
investmentman: What is going to make the share price move? I cant believe how the market is ignoring this company!
29/10/2011
11:10
schrodingers_cat: Lots of moaning here but the travails of the SRB share price are not stock specific so it is pointless blaming the management for taking actions which are perfectly sensible. TSX listing brought us to attention of Canadian investors other than Eldorado allowed easier comparison with TSX listed comparables and brought in experienced gold exploration company directors onto the Board. Magellan (TSX:MNM) is valued at $80m and Brazil Gold Corp (TSX:BGC) is valued at $60m. BGC is run by Investor favourites Stalker and Mellon but the price is still down at 60c from a year high of 160c. At 14p SRB is valued at only $15m. Eldorado paid 30p/share for their stake. Management options are at 40p. Here is AIM listed Australian explorer GGG resources chart next to SRB's for the last six months and they have a 2m oz resource which looks potentially open-pittable and have had nothing but good news This week Serabi have been at the New Orleans Investment Conference so hopefully they will have raised their profile amongst North American gold investors and once the market turns and they put out further exploration results things should improve. Here is the outlook from August Interims, should be plenty of newsflow in coming months. Outlook The Company expects to complete its Phase 1 exploration programme over the JDO Project by the end of the third quarter of 2011. The focus of this programme has been on 'head-frame' exploration with the objective to make mine-site gold discoveries which in turn can increase the mineral resource to a sufficient level to support a meaningful and sustainable level of production. Activity over the next quarter; * The completion of the planned 8,100m diamond drilling into the 9 high priority targets of which almost 6,000 metres had been drilled by the end of July. * Follow-up ground geophysics (Induced Polarisation) is being undertaken over four main anomalous areas identified by the 14,000 hectares of airborne geophysics. This work commenced in August 2011. * The Company has acquired a powered Augur drill rig and has commenced a thorough mine-site deep geochemistry Geochemical/Trenching/Auger programme. * The Palito underground mine will remain on care & maintenance In the fourth quarter of 2011 and beyond, the Company's objectives are to: * Follow up mine-site discoveries with drilling to increase resource >1.5m oz. * Commence discovery drilling on potential new targets defined from the 2011 geophysical surveys * Replicate the 'Palito Discovery Model' within the 55,000 ha of contiguous concessions that envelope the Palito deposit continuing to use a mixture of geophysics and geochemistry to identify additional areas of interest and potential drill targets * Seek JV partners/buyers with respect to the non-core assets
10/9/2011
11:39
goldbackedyuan: I have copied and pasted some of the juiciest bits from the Fox Davies research note below. However the full note is well worth a read. One thing they do not major on is that SRB is valued at about £9m but that Eldorado Gold have invested well over $100m in the neighbouring area as well as buying SRB shares. Serabi Mining http://www.uploadlibrary.com/foxdavies/SerabiMiningInitiationNote.pdf Company Summary Serabi Mining (AIM:SRB, TSX: SBI) is a junior gold explorer who owns the Palito Gold Mine in the Tapajós region of northern Brazil, currently under care and maintenance. The company is focussed on discovering additional near mine ounces in order to reopen the mine Share Price 19p (Mkt Cap : £12m) Fox Davies Immediate Price Target 49p Fox Davies Potential Price Target 94p "We believe that the stock is currently undervalued based on comparing its Enterprise Value per ounce of gold with other gold explorers in northern Brazil and that there is an immediate potential uplift of the share price to 49 p. There is additional uplift to the share price if Serabi are successful in its current exploration programme." The deposit The Palito deposit currently has a NI 43-101 resource of 2.9 Mt at 6.34 g/t Au and 0.26% Cu for 668 k oz of gold equivalent. It lies within the Tocantinzinho Trend of the Tapajos region which also hosts the 2.5 Moz Tocantinzinho Deposit owned by Eldorado Gold Corp, Brazilian Gold's 0.8 Moz São Jorge deposit, and Magellan Minerals' 1.3 Moz Cuiú-Cuiú deposit. The region has historically produced an estimated 30 Moz, mainly from garimpero activities, and is emerging as an important gold district as evidenced by the presence of several companies with recent, successful exploration success. This is helping to confirm the Tapajós as a potentially huge, yet largely untested gold district. Exploration strategy Serabi's efforts are concentrated on increasing the resource at Jardim do Ouro through the exploration of potential gold bearing lodes within trucking distance of the existing plant. Unlike its peesr the company enjoys the benefit of advanced infrastructure and a valid mining licence. Serabi are targeting the discovery of two or more similar sized deposits to Palito and a global resource of 1.5 Moz to form a base for producing 75 to 90 koz of gold per annum, although some upgrading of the plant would be required to achieve this capacity. Recent geophysics has delineated several high potential drilling targets which are being tested in the 2011 exploration programme. Drilling programme Serabi has planned an 8100 m drill programme to test the anomalies and to date approximately 6000 m of drilling has been completed. Results are confirming that the exploration concept is valid, and that gold mineralisation does exist in the prospects. Although the results are narrow with some relatively low grades, the alteration and mineralisation styles in the drilling are very similar to the Palito deposit and this gives us comfort that Serabi has the right exploration concept and that the prediction of potential mineralisation is yielding results. Encouraging results at Espeto alludes to continued mineralisation between the Currutela Prospect and Palito, with a potential strike length of over 1.5 km. The results at Piaui suggest a wider alteration zone than is usually found at Palito with greater mineralisation widths and shallower depths, albeit at lower grades of between 1.0 and 2.7 g/t Au. These, together with the high grade, narrow veins of the Palito deposit would be suitable for maximising production from the process plant. The next phase of activity will require infill drilling of any significant discoveries and will be the important test. This drilling is planned to be up-dip and along strike of successful intercepts and if this produces the grade, width and structural continuity that is required, the company has a good chance of achieving its resource potential. On this basis we consider the recent results are good enough to warrant further exploration work as part of the second phase of drilling planned for later this year. Valuation In order to value the company we have compared Serabi with other explorers and miners in northern Brazil. It shows that Serabi is presently undervalued when compared to its peers and that there is an immediate uplift to the current share price, up to 49 p. If management deliver on their promise to increase the ounce resource at Jardim do Oro to a 1.5 Moz, we foresee further upside to the share price to 94 p, although this is still speculative at this stage. More on Exploration results and forward programme A single unscheduled drill hole, PDD0470, was completed along the structural projection of the Palito Main Zone 300 m SE of the last hole into the Palito Mine Zone and 900 m NW of Currutela following a new structural interpretation. The prospect is now referred to as "Espeto". This drill hole has produced perhaps the most exciting result of the programme to date, 17.06 m at 1.17 g/t from 84.25 m down-hole, a vertical distance of approximately 65 m. Although this is only one hole, it does highlight the potential for continuation of mineralisation between Palito and the Currutela prospect of over 1.5 km. Serabi are planning to drill along this trend in the next phase of exploration. Phase 2 of the exploration programme is due to commence in October and will involve infill drilling at the Piaui prospect with the aim of estimating a target maiden indicated resource on prospect of more than 300 000 ounces by the end of Q2 2012. Drilling will also be conducted along strike of the PMZ between it and Currutela to follow up the excellent results in Espeto. Regional stream sediment sampling and geochemical auger drilling will continue on all of the nine prospective targets in the area. Serabi are hoping to release the next resource update by Q3 2012 and are targeting 1 Moz by that time with a 1.5 Moz target by Q1 2013. Valuation Comparables We have compared the EV per ounce of the JORC compliant resources base of a selection of comparable gold explorers in the region. These data have been compiled in Table 2. The table shows that Serabi has an EV per ounce of US$17 compared to the comparable company average of US$57. This represents a discount of 70%. We can extrapolate the current share price of Serabi (20p) up to the comparable average to give a sense of how undervalued the company is, and on this basis the Serabi share price would be extrapolated up to a value of 65 p. However all ounces are not created equally and although Serabi enjoy the advantage of having mining infrastructure and a valid mining licence, we believe that the remaining ounces at Palito are the "harder to mine", deeper and stringier parts of the ore body with a lot of the cream of the deposit already mined. Therefore we have applied a discount of 25% to this value which gives a target price of 49 p. In order to assess the exploration upside we have assumed a value of US$57 per extra ounce discovered (the average EV per ounce in the table). Therefore if Serabi was to increases its resource to a total of 1 Moz, an increase of 330 000 ounces, this would equate to a value of US$19 M, or US$0.29c. Similarly an increase in Serabi's resource base to 1.5 M oz would equate to a value of US$47 M, or US$0.74. Using current conversion rates to pounds, this equates to an exploration upside of 18 p and 45 p respectively. This is summarised in Table 3. Because the exploration upside is speculative, we are keeping our 12 month price target based on the current share price upside of the company i.e. 49 p. We are hopeful however that Serabi will find the additional ounces it needs to reopen Palito and will be watching the current exploration programme for positive results as a basis for re-rating our share price target within the next 12 months.
Serabi share price data is direct from the London Stock Exchange
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