Serabi Gold Dividends - SRB

Serabi Gold Dividends - SRB

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Serabi Gold Plc SRB London Ordinary Share GB00BG5NDX91 ORD 10P
  Price Change Price Change % Stock Price Last Trade
1.00 1.17% 86.50 08:29:09
Open Price Low Price High Price Close Price Previous Close
85.50 85.50 86.50 86.50 85.50
more quote information »
Industry Sector
MINING

Serabi Gold SRB Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
10/04/2007FinalUSD031/12/200531/12/200601/01/197001/01/197001/01/19700

Top Dividend Posts

DateSubject
29/11/2020
13:39
tightfist: Hi Boris, this time I totally agree with you. I think most of us want and believe the share price should be heading higher but I am not for currently lashing out at the Execs - be very careful what you wish for!.So far this month SRB(£) is down 2.0%, whilst Gold($) is down 4.0% and GDXJ($) is down 6.7% which suggests SRB are doing somethings right! SRB has also significantly out-performed GDXJ over the entire year..Yes, SRB have their timing issues which I am sure they are addressing......Cheers, tightfist
16/11/2020
18:15
trader536: Look at these ADVFN posts from 13 years ago. Sound familiar? Compare the market cap and the statements by investors, the stagnant market cap, and the increases in directors drawings ....... Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB The second quarter results have been released. It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces). In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land). SP should be higher, imho, but overlooked by the market. Ed 123 - 07 Sep 2007 - 13:23:08 - 767 of 3749 Serabi Mining - Gold from Brazil Now - SRB I added to my holding today. Seymour Pierce reiterated buy on 29 August 2007 - states it's on its way to becoming a mid-tier gold producer. SRB should produce about 40,000 ounces this year and its costs should be about US$225 per ounce. Operating profit could be in the region of £8 million in 2007. Current market cap. is only about £41 million. It has a good resource, over 700,000 ounces at about 9g/t. It also has rights to explore a large area adjacent to its current production. Institutions paid 43p per share in July 2007 in a placing to provide funds for increasing both production and exploration. The gold price appears to be on a strong run but SRB looks neglected at its current price. polaris - 11 Apr 2007 - 16:04:47 - 589 of 3749 Serabi Mining - Gold from Brazil Now - SRB We cant be more than 5-6 weeks away from the trading update for Q1..and maybe some more details on the exploration. That will give a good feel to how 2007 will go. The extra ball mill commissioned at the back end of last year should lead to an increase in milling throughput by 25%. With the work towards automated mining i would expect the head grades to fall a little during H1 2007 but this will be more than matched by the increased throughput. Q1 should yield around 13k Oz Au equivalent with average price in the 620-640$ range and possibly higher as they have small %ages of copper and silver in the refined ore and they have also seen good price increases over the last 6-9 months. I would hope that total cash costs (including admin etc - ie not mining costs which i expect to be less than $250) can be kept around the $300 per Au Oz equiv for the year and so my estimate for cash generation through the year is $17-18m. That is more than enough to fund resource drilling, expand and update mining equipment and to buy new prospects. Current share price gives a market cap around £50m. With the prospects for increased resources with the drilling program, this still looks pretty cheap. regards, Paul Stockologist - 08 Oct 2013 - 11:20:01 - 260 of 6139 Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator - SRB They could make the current Market Cap every year in cashflow soon i.e. prospect of getting almost your entire investment in this as an annual dividend !
31/10/2020
22:04
cotton4: When the share price of a share falls like SRB's has, it is easy to blame management and I for one feel that, in this case, it is unfounded. Like companies around the world, SRB have had to deal with Covid19 and the uncertainties that brings. However if we step back for a moment and consider what has been achieved, I feel that the management have done well. They have kept the operation open, although at lower levels of production. They have reduced debt and have and are still making money at a level where imo this is not reflected in the share price But over and above that they have looked after their employees, and we are now in a position where staffing is coming back to normal. The feedback from the local meeting early in the year with regard to the Coringa licence was all positive and that reflects the trust the locals have in the current management. Going forward we will probably need that trust again in the future. Like others on here I am frustrated with the speed of developments but that is probably down to optimism on the part of MH which unfortunately has not been achieved in his timescales but missed due to circumstances outwith his control. Not his fault Covid19, not his fault the speed with which the licence came through. I have never met MH but to me he comes across as genuine. Historically SRB have been constrained with production limitations not mining limitations. With staff now coming back on site, they can now increase the amount of veins they mine and get back to more normal levels of production. Financially I expect that qtr3 has been similar to qtr2 from a cash point of view, with lower production compensated with higher pog. I expect qtr4 to be similar with any reduction in the pog compensated by higher production. This would result in SRB best year financially. 2021 should be even better, Covid permitting.
29/10/2020
15:33
sherry35: The question bares asking. Will Greenstone (or affiliated entity) keep the share price above CLS strike price 76p? What would happen if SRB was yo draw down on the CLS with the share price trading at 75p, 70p, 65p, 60p? Would Greenstone short SRB to hedge against this situation? Just perhaps Greenstone (or affiliated entity) shorted SRB on the most recent 5 day drop. A lot of shares came out at a very fast pace.
27/10/2020
13:51
sherry35: tiger60 - I'm not disputing the situation for "SRB and shareholders will be rewarded" when global stimulus packages are engaged. However, what is SRB's plan to capitalize on this economic move? Can conservative MH put a plan together to increase company's net worth? Can MH accelerate the remaining licensing for Coringa? What will take to do that? MH stated that Coringa is his number one priority on the latest Crux interview. >>> WHAT IS THE ENTIRE PLAN TO COMMISSION THE MILL INTO PRODUCTION? <<<<br /> The Gnatt chart doesn't have this milestone. Not even a milestone for commissioning the ore sorter which is a no brainer. Clock starts now in getting the remaining permits by year end. 2 months is plenty of time. Time for the SRB executive team to "think in the absence of a box". It's a Latin America country for Pete's sake - do the math.
26/10/2020
16:14
sherry35: BJH - Welcome to SRB. It plods along a slow conservative pace. It needs new mgmt. share price heading south speaks to SRB's mgmt style. The Gnatt chart (project plan) on slide 9 of the investor presentation is lacking in follow through. For example, is the introduction of the ore sorter complete in 1Q2020. What does "introduce" mean"? Does it mean commissioned (into production)? The ore sorter was "introduced" during 1Q2020 but not commissioned into production. It was suspended at the end of 1Q2020 due to mgmt imposed C19 resource restrictions i.e. reduced staffing. Mgmt needs to identify another activity on the Gnatt chart for the commissioning of the ore sorter into production which is now 4Q2020. Maybe 4Q2021? What other activities are missing? Is the project plan (slide 9) indicative of inexperienced mgmt. team? Doesn't the mining industry have boiler plate plans for various mining activities? Take SRB's Gnatt chart (project plan) and compare it to other Au mining juniors that are in a expansion phase. Even the Crux interviewer dude is asking the question "What's the plan?" when he inquires about the top 3 priorities, or number one priority. So, if I'm asking this question and the Crux dude is asking the same question, are the majority share holder insitutions asking the same question? DAMN RIGHT THEY ARE!!! Lets compare production between SBI.TSX (SRB.LSE) and MND.TSX over the current year 2020. SRB's production will fall short by approx. 10%. However, MND just recently increased their production forecast by 7000 Au eq. ounces to average 100K au eq. ounces for 2020. In MND's case, C19 is a mosquito hitting the MND windshield at 100 km/hr. Are you starting to get the picture about the mgmt style.
21/10/2020
07:44
tightfist: Hi BJH,.Thanks for your reflections on Brasil, you have a positive perception too. My old boss used as his mantra "Perception is Reality" - once I had acknowledged that it was the OTHER person's Perception that was important all became clear - Bolsonaro's impact is a likely case in point. .Regarding TTM here is Stockopedia's info:"Understanding TTM (Trailing Twelve Month)TTM when applied to financial statements data means "Trailing Twelve Months". What this means is that when there has been a recent interim results announcement, those results are incorporated into our computations to create a more up to date 'trailing twelve month' period. This should be contrasted with the last annual results data (which so many financial websites use) which can become very out of date as a company reports through the year"..In the case of SRB it seems as though the data providers (outsourced to by Stockopedia) simply added H2 2019 to the H1 revenue for their TTM revenue. However, they show a revenue forecast which is 9% higher than TTM and we have just-cause to believe in that? Their PPE is 3.5 and a PPEG of 0.1..Regarding the share price there must be a bevy of low PPE miners out there at present (look at Chip's ADVFN Gold thread?). How do SRB/SBI mark themselves out as the investment of choice - which ADDITIONALLY has a very credible and fundable growth plan? (I could ask the same of HUM and CMCL - and ATLN which is a lot more edgy). Queue a drum-roll for the enhanced SRB PR campaign that we all seek......Cheers, tightfist
29/8/2020
14:51
sherry35: tightfist, In follow-up to your comment "practicalities of co-working between Serabi and a potential Major", I believe it comes down to which company has the economical goods whether it's SRB, AA or both. Lets hope it's SRB which will give them bargaining power in the farm-in. I'm currently in this situation with MMA and a major known as Rio Tinto. You may have heard of the major ;) . I'm wondering if AA got access to some satellite geophysics. This is not uncommon. Do you think AA has to commit to exploration work on the permits to keep in good standings? . It appears from the Cabral Gold presentation, referenced in one of your prior posts, that AA permit ownership is west, south and south-east of the Palitao complex. See slide 7. hTTps://cabralgold.com/site/assets/files/4092/cabral_gold_-_aug_2020_v2.pdf The map does not clearly define SRB's mineral permits - just the mine locations. So, "Other Permits" would include SRB's mineral permits. So, I'm left with the impression that SRB's permits rub up against AA's permits give or take a Lara oddity. The thing to remember is slide 7 is not a living document so the accuracy of the mineral permit ownership is changing. AA could have acquired some of the "Other permits" or even better, SRB is acquiring the permits. I think SRB is working on permits north and north-west of the Palito complex. No proof. . The links on the Lara Web page, at the bottom, are dead. I'm certain SRB has probably reviewed all the documentation and drill cores. A acquisition like this involves a few months of due diligence before inking a contract. . I'm enjoying the researching and discussion. Enjoy your weekend. Go grab a G&T and relax.
27/8/2020
10:07
tightfist: Hi Sherry. After yesterday's SRB RNS on the tenement acquisition and your note re: AA, I have looked further at the trend corridor and the three obvious players within..Eldorado Gold (MC $1.5b): In 2016 "Construction decision deferred pending receipt of permits, improved gold price outlook and progress of other priority development projects". This is a link to a 2019 Technical Report:hTTps://s2.q4cdn.com/536453762/files/doc_downloads/2019/07/TZ-01-2019-06-21-ELD-TZ-NI-43-101-Final-Report-(2019-06-26).pdf.There is a vast amount of geological and visual context within a long read of 267 pages..Page 1 - 8: ".....The Tocantinzinho mine will be developed as a conventional open pit using excavators and trucks with wheel loader support......The mill is designed with a nominal capacity of 4.3 MTPA at a planned average feed grade of 1.41 g/t Au, producing 174,000 oz of Au annually with a life of mine of 9 years. The plant is designed to treat ore with a maximum head grade of 1.76 g/t Au.....It has a projected capital cost of $442m, including contingency....." (page 1-14) and a projected IRR of 19.7% at $1,500 PoG..There is no production anticipated from the TZ project in the Eldorado Gold 5 year outlook, slide 11:hTTps://s2.q4cdn.com/536453762/files/doc_presentations/2020/06/Investor-Presentation-JUNE-WEB.pdf.However, this is more insightful, especially the differing colours of their ore samples (cf the SRB Ore Sorter!):hTTps://www.eldoradogold.com/assets/operations-and-projects/south-america/projects/tocantinzinho/default.aspx#exploration.In short, the TZ prospect appears to be outside the scope of SRB. ..Anglo American: According to the map on Eldorado page 1-18 (adjacent properties) Anglo American (FTSE 100: MC $26b) are staked NW, adjacent to our enlarged Sao Chico NW boundary; Sherry, have you found more detailed info?.Here is a link to the AA report - Brasil is their largest country of operation (55) and copper seems to be an increasing focus (59): Gold doesn't seem to feature:hTTps://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/media/presentations/2020pres/fy-19-results-presentation.pdf.Interestingly SRB have recently drawn attention to Copper ppm in the Mata Cobra soil sampling; is there some potential AA/SRB synergy here?.A lot to digest! tightfist"
17/8/2020
08:59
trader536: Look at these ADVFN posts from 13 years ago. Sound familiar? Ed 123 - 26 Jul 2007 - 14:59:58 - 753 of 3749 Serabi Mining - Gold from Brazil Now - SRB The second quarter results have been released. It reads very well. Output for the third quarter will be increased and the company is aiming for a big step up in 2008 (to 60,000 to 70,000 ounces). In 2007 output may be around 40,000 ounces at a cost of about $250 per ounce. This gives about £8 million of operating profit. Current market cap. is about £67 million fully diluted. Also, there will be loads more exploration (holding 273,000 hectares of land). SP should be higher, imho, but overlooked by the market. Ed 123 - 07 Sep 2007 - 13:23:08 - 767 of 3749 Serabi Mining - Gold from Brazil Now - SRB I added to my holding today. Seymour Pierce reiterated buy on 29 August 2007 - states it's on its way to becoming a mid-tier gold producer. SRB should produce about 40,000 ounces this year and its costs should be about US$225 per ounce. Operating profit could be in the region of £8 million in 2007. Current market cap. is only about £41 million. It has a good resource, over 700,000 ounces at about 9g/t. It also has rights to explore a large area adjacent to its current production. Institutions paid 43p per share in July 2007 in a placing to provide funds for increasing both production and exploration. The gold price appears to be on a strong run but SRB looks neglected at its current price. polaris - 11 Apr 2007 - 16:04:47 - 589 of 3749 Serabi Mining - Gold from Brazil Now - SRB We cant be more than 5-6 weeks away from the trading update for Q1..and maybe some more details on the exploration. That will give a good feel to how 2007 will go. The extra ball mill commissioned at the back end of last year should lead to an increase in milling throughput by 25%. With the work towards automated mining i would expect the head grades to fall a little during H1 2007 but this will be more than matched by the increased throughput. Q1 should yield around 13k Oz Au equivalent with average price in the 620-640$ range and possibly higher as they have small %ages of copper and silver in the refined ore and they have also seen good price increases over the last 6-9 months. I would hope that total cash costs (including admin etc - ie not mining costs which i expect to be less than $250) can be kept around the $300 per Au Oz equiv for the year and so my estimate for cash generation through the year is $17-18m. That is more than enough to fund resource drilling, expand and update mining equipment and to buy new prospects. Current share price gives a market cap around £50m. With the prospects for increased resources with the drilling program, this still looks pretty cheap. regards, Paul Stockologist - 08 Oct 2013 - 11:20:01 - 260 of 6139 Serabi Gold 2013 re-opening Palito goldmine and potential regional consolidator - SRB They could make the current Market Cap every year in cashflow soon i.e. prospect of getting almost your entire investment in this as an annual dividend !
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