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% 3.75p 3.50p 4.00p 3.75p 3.75p 3.75p 10,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 42.6 1.5 0.5 7.8 24.61

Serabi Share Discussion Threads

Showing 6826 to 6849 of 6850 messages
Chat Pages: 274  273  272  271  270  269  268  267  266  265  264  263  Older
DateSubjectAuthorDiscuss
12/1/2018
09:54
I missed this very useful brr update which goes well beyond the title, talks about the Pallito strike length possibilities, puts some flesh on the bones of the on-going Pallito drilling campaign and the potential ore-sorting performance. hXXps://www.brrmedia.co.uk/broadcasts/5a2cf9d6758e796a8ac09159/serabi-gold-updated-mineral-resource-and-mineral-reserve-statementGood to see the tick-up this morning! Cheers, tightfist
tightfist
04/1/2018
23:01
I would buy more of these but the spread is absolutely crazy ranging between 15% _- 21% over the last week. Are they trying to stir people away from buying
lalria
02/1/2018
09:36
Yes, a good brr overview of the potential (organic and acquisition) at Serabi and some of the synergy opportunities. The obvious "missing" is financing/cash flow. As at 30.09 there was $9.8m cash balance; the initial Coringa $5m cash payment was internally funded, and they should IMO be able to fund the second $5m from a modest increase in debt whilst simultaneously bearing the increasing Palito drilling costs.At the start of 2019 the Palito ore-sorter should be operational and enable a step-change increase in production (provided they can extract sufficient ore from underground).Is it conceivable that they can fund the final Coringa $12m at the end of 2019 with organic cash and further debt? Alternatively, Fratelli wouldn't be willing to be a by-stander in an equity fundraising at these levels.Happy New Year everyone! tightfist
tightfist
29/12/2017
21:34
Thanks Raj a much slicker presentation this time a lot of things to take place in the near future and as money becomes more available as a result of improving gold output and price slowly but surely this little operation has a great future patience is required. Also have to say how excellent the site looks from the shots we have seen this can be a good indicator of how efficiently the plant is managed.Well done to those concerned. We have a nice move on the tsx to-night maybe a sign of growing confidence.
kinloch
28/12/2017
14:38
https://www.brrmedia.co.uk/broadcasts-embed/5a3943e115a38759b1b01bc7/event/?livelink=true&popup=true
rajaster
22/12/2017
08:38
RNS of aquisition total cost $22 million.. ouch when: Book value, as at 30 September 2017, attributed by Anfield to property, plant and equipment being acquired, including a 750 tonnes per day crushing, milling and CIP process plant, is C$20.8 million. Thats book value of $16.8 million USD. seems eqpensive.. and $5 issued in shares.. more dilution is due when they go ahead in a few months and then another 10 million in due time, so alot of duilution..coupled with debt. not looking good here.
rajaster
20/12/2017
16:22
hi tightfist.. its price action thats worrying me along with previous messages.. the costs have been much higher this year.. not sure how the real has behaved but this has just not moved up as i would have liked it to.. in the same time i've seen the likes of CEY/AAZ and a few others fly higher.
rajaster
20/12/2017
11:07
This looks pretty daft to me. They are building a nice small mining business and getting punished.Raj, you seem to be convinced of an imminent placing to fund Coringa. Is it really like that? Can they find with debt and internally-generated cash, even if they have to rein-back on drilling at Palito?
tightfist
20/12/2017
10:20
another 7% down.. i dont think 3p will hold for long.. headed back to around 2.5p.. depends on the dilution price too.
rajaster
11/12/2017
22:00
Hi,Advance drilling to increase Reserves/Resources in narrow vein mines is an expensive game, hence the comment on cost control. They can continue to drill but possibly only in relation to medium term gold production. There is lots of evidence that additional resources will be accessible in the fullness of time, but how much will that lack of certainty suppress the sp?Maybe I have missed a more definitive plan to reach 60,000 Oz from Palito combined with Sao Chico? The ore sorter should help considerably at low capex cost - is MH wary of making those commitments?
tightfist
11/12/2017
14:46
until the rumours of placing are confirmed or denied the shareprice will linger.. the resource isnt huge in comparison to other miners.. its quite small.
rajaster
11/12/2017
12:07
A good timely up- date people should see the future plans more clearly for the existing mines any other time this would have had a very positive effect on the shareprice patience is the name of the game.
kinloch
07/12/2017
11:35
Hi Logan,Maybe I am missing something. From what I can see Fratelli had a small holding prior to 2012. Since then they have bought four tranches of shares (338.7m) for total of £19.3m - average purchase price 5.69p. Suggests to me they are about £8m underwater at present?Fratelli have definitely made some money on the recent loans, but isn't that comparatively modest?If Fratelli are not bothered about the share price (more important must be incentivising management and related holders) then I suppose trashing the share price to increase above ~55% holding would suit them.I see that MH and CL only actually own 1.2m shares (0.2%). However the Directors had options over~42m which have now lapsed down to around 28m (4%) on average priced at around 5p. Of course, if they dilute I suppose the options will get reset......Bringing in a new ii for a substantial placing at these levels could appeal and get some liquidity into this share, so that it starts to respond to news flow., and supports more business growth.Cheers, tightfist
tightfist
07/12/2017
09:06
Fratelli make a lot of money out of Serabi's cheap paper they've picked up.
loganair
06/12/2017
21:33
I suppose it all depends on how much they want to expend on drilling whilst simultaneously conserving operating cash flow to part-fund the deferred consideration for Coringa in 24 months time.Speculating about a large placing at 3p sounds dire. However, it could bring in a new ii and substantially dilute Fratelli and may actually work out well - MH did say a while ago that an acquisition could present such an opportunity.How much more could they squeeze out of Sprott - can they go with some convertibles?I sometimes wonder why Fratelli just don't make a cheeky offer for the rest of the SRB shares? It does seem ludicrously undervalued at these levels. That would put us all out of our misery!Cheers, tightfist
tightfist
06/12/2017
17:45
Looks like a sub 3p placing now. Probably quite large as well.
bsg
01/12/2017
23:33
MM's probably don't even know what the company does, they're just drumming up volume.
bsg
01/12/2017
20:59
Could be a ploy by mms to obtain cheap stock knowing the future could be a good story.
kinloch
29/11/2017
13:23
Dilution may increase supply liquidity but it waters down what i own..is it worth it for that..current mc of 20 million.
rajaster
29/11/2017
12:42
At price at thisbrate they eill send it below 3p..what happened to growing organically..and why are fratelli not bothered..they bought in at an avergae 5p.
rajaster
29/11/2017
12:25
There is going to be equity based funding for the 3rd tranche acquisition payment IMV "The Board of Serabi considers that the Initial Consideration and the first instalment of the Deferred Consideration can be settled from an extension of its existing loan facilities and current cash holdings and is evaluating a number of options for the longer term development finance requirements of the Coringa project and the Company's existing organic growth prospects. "
sleveen
29/11/2017
10:31
3p again.. not great.. just cant see the share price strengthening here.. been 3 years of being stuck in a range of 3p-6p
rajaster
16/11/2017
16:06
Is that our seller finished after the two big trades this morning.We have had this situation dragging the price down for to long. The positive pitch we get from our man in Brazil is not being reflected in the share price about time we had the potential here become better known among analyists etc.
kinloch
15/11/2017
13:13
Thanks for your input chip.. Sp fallen again.. Thats the annoying frustrating thing here..currently costs are too high.. What you say makes sense.. But then why would you need the extra trucks?.. Unless its also contingency.
rajaster
Chat Pages: 274  273  272  271  270  269  268  267  266  265  264  263  Older
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