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
  -2.50p -7.04% 33.00p 30.00p 36.00p 35.50p 33.00p 35.50p 11,255 10:30:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 35.9 -1.3 -0.3 - 329.54

Serabi Share Discussion Threads

Showing 6876 to 6899 of 7000 messages
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DateSubjectAuthorDiscuss
29/3/2018
12:17
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
11:25
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
10:49
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
09:11
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
29/3/2018
07:22
Fully funded at prevailing price impressive.
gregpeck7
29/3/2018
06:42
sleveen 16 Feb '18 - 17:36 - 1505 of 1545 Edit A bank loan at reasonable interest rate now that ongoing cash generation has been demonstrated, rather than a Wonga/Sprott loan, for most of the payment. I still think a placing will be required for a proportion(20%)of the loan though. ...and today: --Intention to raise gross proceeds of a minimum of US$8.0 million through the issue of new ordinary shares in the Company (the "Placing Shares") at a price of 3.6 pence per Placing Share (the "Placing Price") -- The Placing Price represents a discount of 12.2 per cent. to the closing mid price of 4.1 pence per share on 28 March 2018 and a discount of 0.55 per cent. to the closing mid price of 3.62 pence per share on 22 March 2018 being the business day prior to the Greenstone Subscription and repayment of the Sprott loan.
sleveen
26/3/2018
09:46
Results on Thursday. Expect they will be very good and inspire more interest. I'm sure our new investors know already how things are going..
gregpeck7
23/3/2018
20:48
Congrats SRB management and shareholders. Large fundraise at the prevailing market price is a cracking, and rare, result.
bozzy_s
23/3/2018
10:59
I will only urge people to look at North River Resources. Delisted. They got in to a deal with Greenstone . Enjoy your day and I wish Serabi every success , particularly to long term shareholders. DYOR. R. No advice intended.
rampair
23/3/2018
10:06
Fantastic. It was about time for this to fly. with China and Us issue I see gold a good investment. Hope for 12p soon at least.
cascudi
23/3/2018
09:47
Looks like That 250k buy earlier really cleared them out... really caught everyone out this news. Clearly big money does want in here.
gregpeck7
23/3/2018
09:45
Excellent to see both the bid and ask starting with a "5", for a change. Also seeing the highest ask well up - now showing at 6p. f
fillipe
23/3/2018
09:42
Outstanding rns. Well worth the wait here.. glad I loaded up last month. Thanks Lalria for the tip!
gregpeck7
23/3/2018
09:13
I'm still looking forward to FY2017 results. I assume those will be next thursday
ppvn
23/3/2018
08:57
4.71p paid, as I type. f
fillipe
23/3/2018
08:47
Pis would mean too much work and more expensive. Iis add a touch of experience too.
rajaster
23/3/2018
08:02
Good sign they managed to get the share sale away at the current share price. I just wish Serabi would offer shares to us PI's instead of just the Institutions.
loganair
23/3/2018
08:00
Yep hats off sleveen, didn't expect that. No real dilution though as you say and to be honest the free float isn't increasing... seems ok to me
ppvn
23/3/2018
07:59
So surely if it depends on market demand then it should read institutional 'flippers'?
lw425
23/3/2018
07:58
The Company continues to take market soundings with institutional investors via its brokers concerning a possible further issue of new Ordinary Shares in the short term. Any such issue of new Ordinary Shares would depend upon market demand and be subject to the approval by the Company's Shareholders of the requisite authorities at a General Meeting. Should the Company decide to proceed with any such further issue, an announcement will be made in due course.
lw425
23/3/2018
07:49
Lucky Greenstone clients at 3.6p!Very welcome to see them on-board and their $15m subscription will certainly help move the company move forward to the next steps and markedly accelerate the pace of developments - in the ground and IMHO the share price too.The Fratelli majority ownership is finally overcome!Cheers, tightfist
tightfist
23/3/2018
07:32
Told y'all financing would be needed. A 40% increase in the number of shares in issue from 700m to approx 1bn shares, or approx 30% of the enlarged number of shares in issue. Funds from the Subscription will be used to: -- satisfy the second instalment of the deferred consideration due for the acquisition of the Coringa Project; Fair play though, the issue is priced @ 3.6p, so no direct share price dilution; only the assets.
sleveen
01/3/2018
10:07
Wonder if it was stops being taken out. It all happened very quickly, and it's bouncing quickly too.
ohsod1t
01/3/2018
09:36
I see someone's been offloading this morning
return_of_the_apeman
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