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 6951 to 6973 of 7000 messages
Chat Pages: 280  279  278  277  276  275  274  273  272  271  270  269  Older
DateSubjectAuthorDiscuss
26/9/2018
18:36
Some folk are either needy or impatient to exit today at 50.5p.Just listened to MH on the latest brrmedia call and his sentiment is very positive!C'est la vie, tightfist
tightfist
26/9/2018
07:44
Hi Bomber, All great points and IMO I am patient (and confident) to let SRB deliver shareholder value in the medium term. I recall some comments that Palito ore is readily sorted but that the Sao Chico ore is optically different and maybe would not be so amenable to the technology?One other point - IIRC about 80% of costs are in Reis; this has been weak for a long while and the chart (and economic outlook?) suggests it will continue to be that way?Cheers, tightfist
tightfist
25/9/2018
16:41
I think one of the most important things Serabi need to do is to lower their cost of mining the gold as they are quite a high cost miner. I would like to see Serabi reduce their cost to below $1,000 an ounce and to try and aim for $900.
loganair
25/9/2018
16:16
I see they put out an RNS with the above presentation as well as their recent discussion on BRR media. Unfortunately I think it's going to take a little more than these presentations, no matter how optimistic they might be, to move us up! Would be nice to see some director purchases to show us the bottom is in, as well as aligning themselves a little more closely with shareholders. At such discount to the institutional placings i'd hope this price represents great value, and with only 2.2% in directors hands it's on the low side. Of course an increase in proved resource / better profitability / etc would be nice but think better profitability may need to wait until q4 at the earliest. Otherwise I think we'll need to be patient a little longer. At least they are trying though, has to be some points for that!
ppvn
23/9/2018
14:38
The link below is the Serabi presentation given in Colorado last night FYI . What seemed to be fairly new and excellent news was as follows - Palito / Sao Chico - the CEO indicated that these two mines could do 50/-oz of production in 2019 , up from 40/-oz this year . Bearing in mind that the new ore-sorting equipment will not be operational until H2 2019 , this is an extremely promising expectation . He also mentioned how confident he was in terms of growing the 2 mines production organically ( hence Serabi's forecast of 70/-oz from them in 2020 ) and , moreover , on discovering several lookalike mines within the concession area . Coringa - Serabi will be trial mining at Coringa as early as next month , and they expect the initial hearing for the EIA licence in December , so clearly permitting is going very well . Whilst Serabi have gone on record as targeting Coringa as a 30/- to 40/-oz annual producer , up from 30/-oz in June , the CEO mentioned in his presentation an aspirational figure of 50/-oz , which again is highly promising . Coringa has an 8km strike , a very understated resource , a processing plant that is bought but unconstructed , and , in the words of the CEO , longevity is not an issue . The pathway to over 100/-oz pa within 2 years does seem to be an increasingly confident one . http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2018/09/22/serabi-gold-plc/play/stream/25996
bomber13
22/9/2018
17:39
Hi Bomber,I have too have a hunch that the ore-sorter is a prospective "under deliver, over achieve" initiative - even a game changer for SRB 12 months out?IMO I would express some caution on the prospect for dividends. My reading is that MH is more focused on acquisitions within Brasil and that any cash will go in that direction. With what I read about the prospects for the Brasilian economy (and presumably the Reis and therefore US$AISC) I think that would be a good direction for the ultra-patient punter.Cheers, tightfist
tightfist
21/9/2018
06:56
Well I will be happy with AAZ this year, AAU next year and SRB the year after. I expect to increase my shareholding here before then of course.
ironstorm
20/9/2018
21:05
Aha I see, makes sense now thanks. To be honest I'd kind of hoped that the last of Sprott had been seen when the loan was wound up but it obviously wasn't to be. I suspect this may be due to the balance of Coringa coming due at some point - I think they still have $10mm to pay for the acquisition and so whilst cash on hand is ok, it would be good to see the gold price up (I believe this will happen imminently now) since funds will become tight if not overstretched. It would indeed be good to get some more resources proved up; the mine life is currently very small which isn't reflective of the reality as we know. But the work this year seems to be aiming toward just that. Would be nice if they can get some additional production from Palito; I haven't yet seem their most recent presentation but I shall certainly give it a look. They do seem to be attempting to engage with shareholders a bit more. They are regularly posting on Twitter, and I think this particularly important since trading volume of £100k or so seems to be able to wipe millions off the market cap (but I'd also assume increase it accordingly if and when that happens). At this juncture they are certainly talking a good game but perhaps a director purchase or two could also give some confidence. IronStorm; I also agree it is very much a case of "jam tomorrow" at present and this imo is due in no small part due to amortization costs as well as derivative costs (Sprott options). Hopefully these things will improve soon - I believe the underlying company to be sound but some questionable items have been lurking in the balance sheet but it seems they are attempting to get these under control.
ppvn
20/9/2018
20:15
Hi PPVN , there was debt of $7m at end June ( page 3 of the presentation ) , which is mainly Sprott loan I think , so I just netted that off against the $21m cash left over from the placings in April . The key for me is the growing confidence in overall resources and production . For example , Coringa was signed off by Snowden in 2015 with more than twice the resources assumed in current strategies , so further drilling will hopefully bring that resource or more into the model . We also know that the new ore-sorting equipment has yet to have any effect at Palito , so , who knows , perhaps the upside at Palito in 2019 is rather greater than they are letting on even before any mine extensions come in ?
bomber13
20/9/2018
19:38
I think this market is waiting for confirmation in terms of results. That's output, sales, cash balance and ultimately divis. Evidence of this can be seen by two other holding I have, AAZ and AAU. AAZ have gone through this cycle and are soaring. AAU is working its way through but is not yet at cash balances and divis (have just topped up massively here). Serabi could be 2 years away - it is doing well though. Of course a gold price going crazy could change all of that for the better.
ironstorm
20/9/2018
19:06
Hi bomber13, Agree wholeheartedly with the above and is the reason I have a not insubstantial holding here. You are however selling them short - cash at end of June was $21m (I assume you meant £14m rather than $14m?). Unfortunately the recent-ish consolidation seems to have killed off what little liquidity there was, but I'm not personally too concerned since it allowed me to top up at 54p and 53.75p which I was very pleased with. Today's announcement has been positive as many have before, hopefully the days of passing all their p&l through to Sprott with options on production have now passed. AISC has risen somewhat in recent quarters, but with the ore sorter coming along toward the tail end of the year this will hopefully help. I'm expecting q3 to not be stunning in terms of profitability (If profitable at all), but from thereon I'm expecting the co to begin delivering in more meaningful way - I.e. shareprice positive. Important for those considering this co to be aware of the tiny float and woeful liquidity - but as you say - over a couple of years timeframe I'm hoping for a very healthy return on my investment.
ppvn
20/9/2018
13:07
The new presentation put out today for the big gold conference in Colorado is pretty similar to the one put out in June , but for a couple of interesting points . Firstly , they appear to have upgraded Coringa's annual targeted contribution to a range of 30/-oz to 40/-oz , which now implies they could beat their 100/-oz total annualised target by 2020 , which is currently split 40/-oz present Palito complex , 30/-oz organic growth in the Palito complex , and 30/-oz Coringa . Secondly , they show , in much greater graphic detail than before , the potential resource growth around Coringa and the Palito complex with the use of IP and magnetic illustrations . All in all , confidence would appear to be building hugely at Serabi . Following on from the US$24.5m of placings done in April with Greenstone Private Equity and investors at 72p per share , there are 59m shares in issue for a market cap of £32m or US$42m at a shareprice of 55p . Net cash at end June was US$14m , so the EV is US$28m or £21m , which compares with end June net assets of US$74.5m . Total resources of 900/-oz , which we know to be a hugely conservative figure , gives an EV/oz value of only US$31 per oz . If we are now at the lows of gold and gold shares , and Serabi can deliver a near tripling of current production within 2 years , then we could be in for a very exciting ride in the shareprice ?
bomber13
31/8/2018
10:07
It is rather encouraging and good to see aerial survey results are expected in Sept. They do seem to be upping their game somewhat and with $21m in the bank as of end of June, the current market cap does seem on the low side (understatement)! Due to my recent top ups I have a rather outsized position here. With the illiquidity of this stock I could stand to make a rather pretty paper penny fairly quickly, but selling out will possibly be a problem in time (I have been here for a couple of years with my principal holding and intend to hold for at least another couple). Struggling to think what the end game for serabi will be - I guess liquidity needs to improve significantly but with only 35% or so being free float this may be tricky. Alternatively I suppose large dividends in time could encourage holders, or what I consider the most likely possibility down the road is being acquired or taken private. Few more hurdles to pass before then though. Either way still exciting times here and things definitely starting to look better than ever.
ppvn
31/8/2018
09:50
It's over 2 meters though, remember Solomon gold grades over similar lengths sent it soaring on hype. The actual gold per metre at depth will not be the same. They probably hit the payload.
hraj
31/8/2018
08:55
That is a lot of gold most of the time your lucky if you get 10g per tonne, has potential to be very profitable
csmwssk12hu
31/8/2018
08:16
we have seen srb fall to 2.5p before and it broke up towards 6.5p.. that would be 48p vs 130p, so potentially double.
hraj
31/8/2018
06:08
29.82 grammes per tonne ("g/t") gold wow that is a lot of gold
cascudi
30/8/2018
14:39
Think gold begins it's climb from here. Seems to be resisting a break to the downside so last couple of months pressure should ease. Think a surprisingly good rally on the cards for the tail end of the year, if not now, by mid-late Sept.
ppvn
24/8/2018
08:34
GM Tightfist, Having rechecked, the reference to 2019 I got for the ore sorter was from the statement made in Jan this year - Mike mentioned that due to the lead time it wouldn't make any real impact until "late 2018 at best". Reference was last made to this purchase in the q2 results in July - "as reported last quarter, after successful test work in 2017, the company has purchased an ore sorter...". Not sure if that means the $1.2m has already been paid up or if that's due on delivery. Either way think it is still going ahead. Interestingly, as Mike continues to reiterate, gold priced in BRL is currently 4,900. All time high has been 5,148 which hit in July briefly. Fortunate i suppose that pricing is currently so favourable whilst our AISC seems to have spiked somewhat.
ppvn
23/8/2018
21:04
Hi Tightfist, I thought personally speaking that mike has sounded rather optimistic about near term results from their aerial survey that was conducted, and whilst he has been less vocal with regard to their ore sorter he did reiterate that it was on order and expected to be up and running early 2019. I'll find the reference tomorrow. We actually have a lot more than just fratelli on board; the $9m placement has found it's way into institutional hands also. There were previous ii's on board too, anker etc. Either way, I'm really rather excited about the next year or two here. I had a reasonable holding that I topped up on Tues (yes, 54p was a buy rather than the reported sell!), and couldn't resist a few more today. Look forward to getting back up. I think there is a bit more impetus from management to engage with shareholders here too, and from comments mike has made it would appear management would prefer the shareprice to reflect a little more favourably also. Have a good evening
ppvn
23/8/2018
20:04
Hi PPVN,I threw the rule book out of the window a while back but I am still waiting for the market to respond, and it appears considerably more patience is required yet! With an illiquid stock.....I am particularly hopeful of the Ore-Sorter. It does seem to offer a lot of (effectively grade) short-term upside on Pallito ore for modest capex but Mike Hodgson seems to be keeping fairly quiet about it for the time being?The potential upsides from the drilling programmes and Coringa are further away but substantial. At least we now have significant conviction from an ii other than Fratelli; I find that reassuring on the down-days.Cheers, tightfist
tightfist
23/8/2018
15:56
Thrown the rule book out the window and bought more here. Feel that gold is due a turn to the upside and with survey results, x-ray sorter, organic growth as well as being well under the (not so) recent placing price this represents extremely good value at this level. With such slim volume having been traded and a drop of around 40% since the end of May this could turn very quickly. Here's hoping anyway!
ppvn
21/8/2018
09:44
I have bought a few more here. Whilst the metals complex more broadly speaking is under pressure the drop post consolidation now seems well overdone. Happy to watch the progress now.
ppvn
Chat Pages: 280  279  278  277  276  275  274  273  272  271  270  269  Older
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