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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% 37.00p 35.00p 39.00p 37.00p 37.00p 37.00p 9 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 35.9 -1.3 -0.3 - 369.48

Serabi Share Discussion Threads

Showing 6726 to 6750 of 7000 messages
Chat Pages: 280  279  278  277  276  275  274  273  272  271  270  269  Older
DateSubjectAuthorDiscuss
13/4/2017
08:30
Nice one tight fist..i value youre input plz keep it coming. We are seeing thid creep up the radar slowly. Gold today hit 1290.. Can see 1300 taken out however what price have we hedged at.. And why have we not paid the debt to sprott early.. I assume there must be something else e.g. negotiations for further loans as you have mention.
hraj
13/4/2017
08:08
Here is a link to yesterday's brrmedia 6 minute interview with MH, reviewing the Q1 results (which includes the national Carnivale holiday euphoria). Mike goes on to mention a forthcoming technical report, and towards the end speculates about plant investment at Sao Chico and "60-70,000 Oz at the very least":https://www.brrmedia.co.uk/broadcasts/58ee068dad2a006c3094c879/serabi-gold-first-quarter-2017-operations-updateWhen is Serabi going to get on investor's radar screen!?Cheers, tightfist
tightfist
12/4/2017
17:51
Hi Hraj,Since end 2014 they have increased shares in issue by 16% which is OK by me. In 2016 SRB reduced net debt by $10m, and increased fixed assets by $8m so with underlying cash generation (coupled with re-increasing debt) I am hopeful they can fund organic growth without any further dilution. That depends on how aggressive they want to be? Gut feel says one more mill at Palito (2017?) followed by a new process plant based at Sao Chico (late 2018?) would take them well on their way to 100k - I haven't attempted a cash flow, however! Obviously that depends a lot on PoG over the next 18 months.Cheers, tightfist
tightfist
12/4/2017
12:42
Hi Tightfist.. I hope if more debt is taken on then we don't dilute.. sick of dilution.. and this has seen its fair share.. it used to be 0.4p before they consolidate and brought the price down from 40p to 6p.. never really recovered since.
hraj
12/4/2017
08:23
Hi Hraj,Yes, an excellent update this morning on both the operational side and the exploration progress.They are gradually(!) working their way through the surface stockpile and tailings which is suppressing their head grade for the time being - once that feed tapers-off we should see production increasing and moving the run-rate well beyond the 40k guidance.(Other than re-stating their bottleneck) I see no clues on their next investment in process plant capacity. With underground development running well ahead, surely an announcement on mills, circuit, etc has to be imminent? Looks to me as though Mike wants to be in a situation to maybe approach both Sprott (preferred?) and Fratelli to take on some fresh debt and gear-up, alongside deploying organic cash generation.Finally even the share price seems to be awaking from it's slumbers - not before time!Cheers, tightfist
tightfist
12/4/2017
07:48
Still feeling positive on srb after this update which starts to derision the EOY numbers. I do get the feeling that target guidance was set to be beaten. And Gold looking perky - trying to get above that 1300.
ironstorm
12/4/2017
07:47
excellent market update this morning.. the company continues to make excellent progress.. the gold price continues upwards..and the real hasnt really moved in the last quarter. technically speaking we are above 5p. and need to hold onto the 5p to see 5.5-5.7 short term(heres hoping).
hraj
12/4/2017
06:40
IIRC they have rolled-over the last $1.3m of the Sprott loan until August, rather than paying it down from cash.
tightfist
12/4/2017
06:36
what debt figures are you referring to hraj?
king kong dong
05/4/2017
09:48
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
08:20
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
09:46
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
07:08
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
07:04
Completely agree C4. Stagnation this year with potential production in 2018/19
sleveen
30/3/2017
06:35
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
Chat Pages: 280  279  278  277  276  275  274  273  272  271  270  269  Older
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