Share Name Share Symbol Market Type Share ISIN Share Description
Serabi Gold 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
  +0.00p +0.00% 55.00p 53.00p 57.00p 55.00p 55.00p 55.00p 3,161 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 35.9 -1.3 -0.3 - 549.23

Serabi Share Discussion Threads

Showing 6726 to 6750 of 6950 messages
Chat Pages: 278  277  276  275  274  273  272  271  270  269  268  267  Older
DateSubjectAuthorDiscuss
05/4/2017
10:48
yes very quiet indeed tightfist.. thanks for the above, simply not much to add at the moment.. the share price is still in limbo land. I just wish mike delivered his promise of clearing the debt. the real seems to have stabilized at around 3 to the dollar, doesn't look like much movement there even though gold has strengthened.. heading towards may sell and come back in sept.. so i don't think we will see any movement here now until the end of the year.. may just drift lower again, the chart is indicating sidetrend.. but could be mistaken as volumes are very low recently.
hraj
05/4/2017
09:20
Wow, it's quiet around here! Here is the latest 31st March Hodgson interview:https://www.brrmedia.co.uk/broadcasts/58dd0d20e742d95c634a2082/serabi-gold-results-for-the-year-ended-31-december-2016It looks like steady progress ahead, reinvesting their increasing cash flow for organic growth, with modular Capex and operational leverage. The valuation does seem weak, a game of patience? Hopefully some sparks will fly before we get a madden dividend?Cheers, tightfist
tightfist
30/3/2017
10:46
Hi Cotton, IronStorm, I follow SRB quite closely so I was not surprised by today’s positive results, but to a more casual observer I think they would be attractive. Paying-down debt and increasing cash balances by $10.5m (£8.5m) by an (almost) debt-free miner with a MC of £33m is pretty useful; Net Assets have increased by 35% during 2016. (I note the remaining Sprott loan has been extended to 31/08/2017). This cashflow provides lots of scope to finance organic growth, and there is increasing confidence that they have the tenements and geology to invest in. Hodgson seems to be quite effective at purchasing secondhand plant and installing it effectively (on a shoe string?); I wonder how cheaply they could start the creation of a new processing facility at Sao Chico? I like their reduction of unit costs by 13% in local currency, and the continuous rise in grade from Sao Chico. However, within Finance Expense there is a hefty charge of $1.3m for gold hedging activities – I don’t recall news on that before, though I see that they were also hedging in 2015. Was it a condition of the Sprott loan? For me Hodgson has a good record of delivering and his words “…..I am very confident that the probability of successfully increasing our production over the next 12-18 months is high” are good enough for me, backed by circumstantial evidence such as “…identified a number of significant anomalies that appear larger than Sao Chico itself”. Flat production for 2017 is not inspirational but a growth path to 80,000-100,000 Oz. over the next four years is outlined for the patient investor. Finally, the Chairman’s comments read to me as though they may become a bid target? As yet there is no brrmedia update. Cheers, tightfist
tightfist
30/3/2017
08:08
They have cleared off most of the debt and now have net cash. Their production last year was excellent. So they are now in a good position. This years target looks set for them to be able to beat it. Now if the real position changes and the pog continues strengthening that will turbo charge them. Whilst recognising your concerns over new finds I feel much more positive.
ironstorm
30/3/2017
08:04
Completely agree C4. Stagnation this year with potential production in 2018/19
sleveen
30/3/2017
07:35
Although 2016 has been a good year financially, the short term outlook is disappointing. 2017 forecast production is on a par with 2016 at a higher aisc, due mainly to the strengthening of the Real. As it stands forecast production of 100,000 ounces has been pushed out by a year and this target depends on the outcome of further exploration activity.(A bit miffed that the delay, due to wet weather, was not notified to shareholders by way of rns).I would question increased production targets without further capacity, by way of a new production facility at Sao Chico, which may be eventually funded by way of current cash flows, a new issues of shares or more likely a combination of both. Concerned that existing debt has not been cleared. IMO, the future of Serabi hinges on new discoveries, which in fairness to Mike and his team, do exist but until that is clear, I will tend to avoid Serabi in the meantime. All, of course imo and dyor.
cotton4
23/3/2017
13:12
Something going on lets hope it gets this share price moving.
kinloch
22/3/2017
14:53
PoG on a roll and not a single SRB trade all day! Comatose, or what?
tightfist
20/3/2017
20:43
could they be short of stock looks like trades to-day were buys but marked as sells. we shall see.
kinloch
16/3/2017
20:04
Could get a move up as the tsx has moved up twice this week.
kinloch
16/3/2017
07:10
Maybe the overnight strength of PoG (and GDXJ) will see SRB finally break this 8 month downtrend? Here's hoping...Guess the results are still two weeks away?
tightfist
14/3/2017
18:00
Moved up today again..sells are all buys..but cant see any large tradea above 100k.
rajaster
08/3/2017
14:43
they were as of yesterday tightfist.. today its back to the same old
hraj
07/3/2017
09:04
Good....seems that Buyers will now pay 5p or 5.2p, hopefully the start of increasing awareness/confidence? Or just that results are probably only three weeks away?I thought the latest Corporate presentation was rather good, clear vision of the organic opportunities - and thankfully seemed to down-play the M&A aspirations we heard of last year.Cheers, tightfist
tightfist
06/3/2017
16:32
Still 3/4 of a million shares so far in batches of 1/4 million is very positive.
bigdazzler
06/3/2017
15:33
Seems our buyer will pay 4.8 hence the holding back of the price.
kinloch
06/3/2017
11:23
Yes I'm liking the look of Srb as well. Certainly long term aiming for a run back up towards the July 16 high of almost 7p
bigdazzler
06/3/2017
11:17
Some big buys coming in is the message getting through.
kinloch
03/3/2017
08:31
The U.S. Mint has sold 27,500 ounces of gold in various denominations of American Eagle gold coins, its lowest sales record since December 2015, when the Mint sold 500 ounces of bullion. Gold coin sales fell 67% compared to sales seen in February 2016, according to the latest sales data from the U.S. Mint. Surging gold prices since the start of the year created significant weakness in the physical market, with bullion coin demand falling to its lowest levels in 14 months. Comex April gold futures settled February at $1,253.90 an ounce, up 9% since the start of the year. Going forward, higher gold prices, growing market uncertainty and higher market volatility will continue to weigh on demand. Phillip Streible, senior market analyst at RJO Futures, said to Kitco that he is not surprised that coin sales were weak last month. He added that expectations that the Fed will raise interest rates three times this year could continue to keep bullion demand muted. “It is a lot of money to put up for a one-ounce coin. As interest rates rise, investors might be thinking that it is more attractive to that money and invest it in a yield-baring asset,” Streible added. Simona Gambarini, commodity economist at Capital Economics, said that weak bullion demand is not just a North American phenomenon as higher prices and market regulation take their toll on demand in India and China. “In India, we expect the effects of demonetization and efforts to increase transparency in the gold market to curtail demand. For China, a slowdown in economic growth and a change in consumer preferences away from gold will likely weigh on consumption of the yellow metal,” she said in a recent report. She added that in current market conditions, investors are probably looking for more liquid assets than gold coins. “In times of high volatility and market uncertainty, I think investors will turn more to gold exchange-traded products as they are more flexible than bullion,” she said. Weak bullion demand is one of the reasons, Capital Economics remains bearish on gold, expecting prices to fall to $1,050 an ounce this year.
loganair
03/3/2017
08:26
I can see gold slowly drifting down, a couple of rate rises in USA will see to that. Plus AISC of 950-975 isn't great.
bsg
03/3/2017
07:37
Would tend to agree kinloch but still feel there are short term head winds. The pog is not helping nor is the strength of the real v dollar. I am dissappointed that they are not quite debt free given that we now in March which indicates they may be having short term cash flow problems. I will wait and see on this one meantime.
cotton4
02/3/2017
20:13
Excellent presentation given in the last few days well worth reading as regards future plans.
kinloch
22/2/2017
13:37
Always possible. However too many unknowns for now. Outcome of drilling. Strenghtening Real. Are we debt free or do we need the cash.
cotton4
22/2/2017
13:32
Is there a placing coming.
kinloch
09/2/2017
19:44
Our friends are at it again to-day with a big sell at days end are we ever going to see an end to these amounts and do we have any idea who the seller is the share price will not recover until we see an end of this supply.
kinloch
Chat Pages: 278  277  276  275  274  273  272  271  270  269  268  267  Older
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