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
  -0.45p -12.00% 3.30p 3.10p 3.50p 3.75p 3.10p 3.75p 758,018 10:32:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 35.9 -1.3 -0.3 - 32.95

Serabi Share Discussion Threads

Showing 6901 to 6925 of 6925 messages
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DateSubjectAuthorDiscuss
24/5/2018
10:22
Over the past month City Finance has come from no where to holding 5% of Serabi so they must think Serabi has some good value. The notifiable major share holders hold 76.1% of Serabi.
loganair
24/5/2018
10:18
IMO Impatience + Poor Liquidity = share price Drop > Buying Opportunity?Loaded-up myself, and a patient holder for several more years yet...... May have a few more if there is another lurch?!
tightfist
24/5/2018
09:28
Why the drop here ???
lalria
18/5/2018
14:24
Ok so sounds like everyone on a similar page (I.e. woeful liquidity and bad past deals!!). Good points re. Ore sorter as well as ramp up. Happy to continue here, fingers crossed no massive drops following consolidation, might be tempted to pick up a few more if we do go down at all. Low market cap for potential 100k oz producer (though thinking about it, the balance of payment for Coringa will fall due at first gold so they'll need to pony up before 2020, if 100k oz within two years is to be achieved). Fingers crossed!
ppvn
18/5/2018
10:07
IIRC about 80% of their costs are in BRL. I hadn't noticed the weakening of the BRL vs USD in the last two months. Currently it's about 16% weaker that FY2017 average.Also don't overlook the cost/production possibilities of the Ore Sorter going on-line in Q1? next year. IMO that is also a potential game-changer?SRB seem to be developing slowly but nicely; a country-wide involvement is now being suggested? If only there was more interest and liquidity/volume.Cheers, tightfist
tightfist
18/5/2018
09:57
PPVN - In general with all miners around 75% of the costs of running a mine are in local currency. I am also not a fan of the upcoming consolidation. I am hanging my hopes that the management of Serabi are being truthful when they say the company will increase their gold production to around 100,000oz per year in 2 years time.
loganair
18/5/2018
09:32
I haven't seen any more research notes, but a significant portion (from historical RNS') of costs are indeed in BRL. One of the issues is that the Sprott loans had call options on around 6.3k oz of gold (from memory) so that's why their financial rebalancing has cost them so much in this quarterly report (I.e. they have to pay sprott when the call options become more valuable). I'm still here but I'm not the biggest fan of this upcoming consolidation and not a fan of the comments re. The possibility of further financing. I personally think this company is significantly undervalued still so will give them a few more quarters. Last fundraisers were at decent prices so figure it's fairly obvious they are undervalued currently. Only my opinion!
ppvn
17/5/2018
18:35
Regarding AISC, I bought some srb recently noting the 20% decline in the value of brl vs usd since January. My theory was that many of the brl based costs would be decreasing significantly vs. the usd based income stream. Maybe a much larger part of the cost base is usd based rather than brl... Anyone seen any more details in the Peel Hunt broker note?
lessentin
16/5/2018
12:25
Highland Gold mining which is my largest gold investment their AISC is around $650 per oz. What I noticed and is worrying to me as an investor is how Serabi's AISC increased by over 10%.
loganair
16/5/2018
12:11
loganair, For info: the average AIC (All In Costs, admittedly more harsh than straight AISC) that I calculate for 46 Gold producers, including most of the largest, is US$1,231/sold oz. Chip
chipperfrd
16/5/2018
09:07
Serabi have got to get the price of their mining down, that is the simple end of the matter as their gold production is very expensive. Serabi are still saying that they will get gold production to 100,000oz in 2 years which I very much hope they are able to do so.
loganair
16/5/2018
08:29
They did a consolidation years ago and the price collapsed from 40p to where we are today and now they are proposing to do the same again. Yikes
lalria
15/5/2018
17:22
Often this mean the share price doesn't rise as far or as fast as it is easier for the share price to rise 1p from its current level then it will be to rise 20p from 75p after the share consolidation.
loganair
15/5/2018
17:05
I see that they are proposing a 20:1 consolidation at the 14th June AGM. Looks good to me, part of growing up to respectability.Will look deeper into AISC comments; if it's like another miner I am invested in, it depends on policy - immediate expensing or capitalising/depreciation of exploration costs.Cheers, tightfist
tightfist
15/5/2018
15:01
Agree with regard to the AISC numbers, Serabi seem to have a lot of strings attached to their Sprott "deals" that effectively pass through a lot of profit which is a shame for the moment. Also noted an interesting comment regarding the Coringa acquisition and further funding requirements, but final payment not due until around 2020 and with at least that much as cash in hand currently, well let's see what the next few quarters hold. Will be good to see some reports of drill program at some stage. Hugely upped the investment in exploration (I.e. from zero) so will be nice to get some fruits back.
ppvn
15/5/2018
09:02
What I didn't like about this report is how the AISC production of Gold increased from $1,043 to $1,166 per oz. Serabi are one of the more expensive Gold miners and desperately need to get the AISC figure down below $1,000 per oz. I am mainly invested in Highland Gold Mining (HGM) whose AISC is around $650 per oz.
loganair
15/5/2018
08:57
This morning's Q1 numbers are interesting BUT it's the sentiment underlying Mike's Comments that is most notable to me - full of confidence and IMO multiple potential game changers in motion. One for a patient LTH.Good also to see interest and liquidity in dealing this morning; let's see if that is sustained - rather early days for that to turnaround?Cheers, tightfist
tightfist
15/5/2018
07:59
Here’s the link to Serabi Gold’s (SRB) numbers to take a look at http://crweworld.com/article/news-provided-by-globenewswire/298638/serabi-gold-plc-unaudited-interim-financial-results-for-the-three-month-period-to-31-march-2018
ih_671431
01/5/2018
11:48
Hi Tightfist, I'm still here and still hopeful for the future of Serabi. If they can get Coringa up and running in the not too distant, as you say should get a bit more interesting. Not sure it's pessimism with regard to this share; the low liquidity just makes it relatively boring then it goes haywire for a day or two now and then. Think PoG will be under pressure for a couple of months but then we could see a more sustained rise, all helpful seeing as we are now, I suppose, a developing mine! Still reeling from the amortization figures personally but that's just accounting; doesn't change the fact SRB seem to be doing ok. Time needed here but still see decent possibility to make out very well on this one.
ppvn
27/4/2018
21:48
There is now a brrmedia MH interview that expands on the Q1 report and short-term activities: hTTps://www.brrmedia.co.uk/broadcasts/5ae1a1412fad7a5a4f567182/serabi-gold-operational-review-of-first-quarter-2018 As Mike says the company is now properly capitalised for the current programmes and they don't have to keep a constant eye on the PoG or the strength of the Reis. IMHO the Q1 report is quite promising but the pessimists will rule for a while yet - there's a reference to prospective 2018 news flow at the end which may liven things up a bit? Cheers, tightfist
tightfist
25/4/2018
18:47
From the first quarter review: "During the year we expect to generate steady positive news flow from a successful exploration campaign from Palito and Sao Chico as well as progress at Coringa, as we pursue our ambition to establish ourselves as a significant gold producer in Brazil with a target of an annualised production rate of 100,000 ounces within the next two years."
loganair
29/3/2018
13:17
PPVN,A few thoughts. Firstly, PI's are explicitly EXCLUDED from the placing - see top of Appendix 1. There will IMO be no further debt in the short term but I suspect that the third and final payment for Coringa and equipping it for production is going to require further debt - just maybe the ore-sorting is going to accelerate production sufficiently at Sao Chico and Pallito in 2019 to IMO avoid further placings - but I haven't attempted a cashflow.Hopefully the intent "..... to widen its shareholder base through the introduction of a broad range of investors who are supportive of the Company's plans and ambitions." is going to significantly improve market liquidity which is usually pretty dire.This looks quite promising IMHO a few years out; as ever shareholder patience is required - even the Chairman acknowledges that!Cheers, tightfist
tightfist
29/3/2018
12:25
Thanks tightfist, appreciate the comments. I agree your maths and with around 1.15bn shares in issue the 255mm shares in float will be about 22%, the second offering prospectus seems to preclude private investors from taking part, unless I've misread. So it'll be interesting to see who takes part in it I personally think. It's not a terrible price which makes me wonder who could be buying at that level, the $15mm placement recently announced prevents Serabi from placing shares below 3.6p and I can't personally believe that private individuals would subscribe to take what is in essence our entire float again in investment. Very strange indeed. Anyway I'm still fairly comfortable holding here and I'm intrigued as to where we will end up. In any case, being a 100k oz/pa producer should see our value go up, at least there won't be any significant debt to repay!
ppvn
29/3/2018
11:49
PPVN,The new Greenstone shares are due to be listed around 12th April, I think SRB will then have issued 997m shares. This morning's news will take that to a minimum 1,154m shares, less PH expenses?I am guessing that Greenstone (and Fratelli?) will maintain their % positions at an aggregate 68%. That being the case it would leave 89m min. shares (or 8%) for other participants in today's book build placing.They seem to want to maintain ongoing listings (AIM & TSX) otherwise it would have been taken private by Fratelli before Greenstone came on-board? IMO there has been plenty of apparent opportunity and time? It has now become clearer how they are going to track towards 100kOz shown in their BMO in February 2017, there is little mention of ore-sorting possibilities this morning? They are rather late and IMO it's not "organic". They need to find another $12m at the latest in 21 months time.I too was a bit shocked by the depreciation in the results; need to take a deeper look now that the second placing news has been digested! There is a new corporate presentation on the company website but no brr update yet.Cheers, tightfist
tightfist
29/3/2018
10:11
Yes well called again Sleveen, have to say very prescient. I'm a little confused though I must say. With only 255mm shares in free float, that represents just over £9mm of shares held by investors other than Fratelli and Greenstone. To raise a further $8mm at 3.6p would suggest to me that there is another institution prepared to stump up the cash; I can't see Peel Hunt selling it successfully any other way (unless anyone else can correct me?). That will leave, post second placing, around 22% of shares in PI hands (non-institutional); does anyone else think this company may be setting up to go private? Or sold off in some other iteration? With the illiquid shares, (in my opinion) undervalued asset, it seems logical to me at least. Would be interested to hear others thoughts on this. As an aside, was shocked to see amortization and depreciation charges increase yet again! I find it laughable that that justification for this was the fx variations (there has been relatively little this year) and larger mining fleet - $10.5mm for the full year?? Think a few underground dump trucks depreciating that much on the balance sheet is incredible!
ppvn
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